SVP, Trader (Non-Agency)

Responsibilities

• Lead Non-QM and Jumbo whole-loan trading activities, including flow and bulk executions, investor bid processes, and trade allocation decisions.
• Determine best-execution strategies, including whole-loan sales versus securitization alternatives, to optimize profitability.
• Manage daily pricing, position risk, and inventory, including margin targets and hedge effectiveness.
• Partner with Secondary Marketing and Product teams to design pricing frameworks, rate sheets, and investor pay-up strategies for Non-QM and Jumbo products.
• Incorporate market movements, investor appetite, and credit performance into pricing decisions and guideline evolution.
• Develop and maintain strong relationships with whole-loan investors, broker-dealers, aggregation desks, and securitization partners.
• Represent the firm professionally in all buy-side and sell-side trading interactions, negotiations, and market discussions.
• Oversee pipeline hedging frameworks, market risk exposure, and reporting for Non-Agency production.
• Monitor credit, liquidity, and execution risks while ensuring adherence to internal policies and risk limits.
• Work closely with Correspondent Sales, Operations, Underwriting, Servicing, Finance, and Compliance to ensure seamless trade execution and settlement.
• Lead, mentor, and develop trading and secondary marketing staff as the Non-Agency platform scales.

Requirements

• 10+ years of related experience in Residential Mortgage Lending, Capital Markets or similar field.
• Bachelor's degree in related field required; Masters or MBA in related field preferred.
• Advanced to expert knowledge of residential mortgage industry in Correspondent or Retail Lending including sales, operations, capital markets and/or other residential mortgage products and services.
• Advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
• Advanced in Capital Markets functions including trading, hedging, best execution calculations and margin management.
• Intermediate in VBA and/or SQL and Excel.
• Advanced speaking and writing communication skills.

Benefits

• competitive salaries
• an ownership stake in the company
• medical and dental insurance
• time off
• a great 401k matching program
• tuition assistance program
• an employee volunteer program
• a wellness program
• opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!

Pay

Salary range for new hires is generally $222,060.00 - $289,456.00 for Westlake Village, CA. Salary amount is determined by specific job location. In addition, the role may be eligible for annual bonus/incentives earned.