Job summary
Job post source
This job is directly from Rocket Mortgage
Job overview
The Capital Markets Trader role at Rocket Mortgage involves selling mortgages and mortgage-backed securities while analyzing market trends to maximize profits and reduce risk.
Responsibilities and impact
The trader will execute sales of mortgage loan pools, evaluate execution avenues, maintain buyer relationships, monitor market conditions, develop trading strategies, prepare trade reports, manage loan pipelines, guide junior traders, and occasionally act as leadership alternate.
Compensation and benefits
The company offers health benefits, perks, and support for individual well-being and family care, emphasizing peace of mind for eligible team members.
Experience and skills
Candidates need at least 2 years of trading experience, some mortgage process or secondary market trading experience, a bachelor's degree or equivalent, and proficiency in Microsoft Office; 4 years of trading experience is preferred.
Career development
The job offers career growth opportunities and the chance to work with leading industry professionals in an innovative mortgage company.
Work environment and culture
Rocket Mortgage promotes an inclusive workplace where every voice is heard, focusing on innovation and client experience, with a commitment to diversity and reasonable accommodations.
Company information
Rocket Mortgage, founded in 1985 and based in Detroit, is a publicly traded company specializing in home loans and mortgage industry innovation, aiming to help everyone achieve homeownership.
Application process
Applicants can contact Human Resources via Careers@myrocketcareer.com for accommodations and application support; the description encourages applying to join the team.
Unique job features
The role includes responsibility for multiple trading books, process improvement initiatives, and acting as leadership alternate, distinguishing it from similar positions.
Company overview
Rocket Mortgage, a subsidiary of Rocket Companies, revolutionized the mortgage industry by offering a fully digital home loan experience, making it faster and more efficient for customers to secure financing. Founded in 1985 as Quicken Loans, the company rebranded to Rocket Mortgage in 2015 to emphasize its commitment to technology and innovation. They generate revenue primarily through origination fees, interest income, and servicing fees on the loans they originate. Notably, Rocket Mortgage became the largest mortgage lender in the U.S. in 2018, highlighting its significant impact on the industry.
How to land this job
Tailor your resume to highlight your experience in trading, especially within mortgage process or secondary market trading, and your proficiency in Microsoft Office, emphasizing your ability to analyze market conditions and execute sales of mortgage loan pools.
Emphasize skills in relationship management with buyers such as Fannie Mae, Freddie Mac, and financial institutions, as well as your ability to create models, reports, and trading strategies that maximize profits while managing risk.
Apply through multiple channels including Rocket Mortgage's corporate career site and LinkedIn to ensure your application gains maximum visibility for the Capital Markets Trader role.
Connect on LinkedIn with current Rocket Mortgage Capital Markets team members or traders; use ice breakers like commenting on recent market trends, Rocket Mortgage's innovation in mortgage trading, or asking about their experience with trading strategies to initiate meaningful conversations.
Optimize your resume for ATS by incorporating keywords from the job description such as 'mortgage-backed securities,' 'trading strategy,' 'market conditions,' 'loan pools,' and 'risk management' to pass initial resume screenings effectively.
Leverage Jennie Johnson's Power Apply feature to streamline your job search by automatically tailoring your resume, identifying all relevant application portals, and suggesting LinkedIn connections to network with, saving you time and increasing your chances of landing the role.
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