SVP, Trader; Non-Agency

What You'll Do

The SVP, Trader (Non-Agency) will lead the development and execution of the firm’s Non-QM and AUS Jumbo whole-loan trading strategy. This role is responsible for pricing, execution, hedging, and counter party relationships across flow, bulk, and securitization outlets. The SVP Trader will play a critical role in scaling Non-Agency originations while optimizing best execution and production P&L.

SVP, Trader (Non-Agency)

CA - Westlake Village

The SVP, Trader (Non-Agency) will lead the development and execution of the firm’s Non-QM and AUS Jumbo whole-loan trading strategy. This role is responsible for pricing, execution, hedging, and counter party relationships across flow, bulk, and securitization outlets. The SVP Trader will play a critical role in scaling Non-Agency originations while optimizing best execution and production P&L.

This position requires deep expertise in Non-QM credit, whole loan trading, secondary marketing, and non-agency capital markets, with the ability to partner cross-functionally across sales, operations, risk, and finance. Experience with PLS deal execution and cash flow modeling is required.

• 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.

• 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.

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

We offer all the important things you'd want - like competitive salaries, an ownership…