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Loan Trading Operations Jobs (NOW HIRING)

Pennymac

FVP, Whole Loan Trading

Westlake Village, CA · On-site

$110K - $170K/yr

Design data models to extract data from operational databases and transform the data to easily ... loan trading and non-agency products * Delivery of key corporate initiatives and demonstrate the ...

Engineers Gate

Trading Operations Associate

Manhattan, NY · On-site

$70K - $100K/yr

Trading Operations Associate New York Engineers Gate (EG) is a leading investment manager founded ... Coordinate with portfolio finance and trading teams on hard-to-borrow names and stock loan recalls.

Engineers Gate

Trading Operations Associate

New York, NY · On-site

$70K - $100K/yr

We are hiring a Trading Operations Associate to join our global team to sit at the intersection of ... Coordinate with portfolio finance and trading teams on hard-to-borrow names and stock loan recalls.

Engineers Gate

Trading Operations Associate

New York, NY

$70K - $100K/yr

We are hiring a Trading Operations Associate to join our global team to sit at the intersection of ... Coordinate with portfolio finance and trading teams on hard-to-borrow names and stock loan recalls.

Lorven Technologies

Lending, Primary Loan Syndication, Secondary Loan Trading (SLT), and Loan IQ (LIQ). * Bachelor ... Collaborate with Front Office, Operations, Finance, and Technology teams. * Drive process ...

Georgia IT Inc

Whole Loan Accounting Expert - Remote

$40K - $56K/yr

... Whole Loan Trading initiative, under this initiative, we will purchase closed, fully funded ... Identify data needs (reporting & reconciliations) all risk and operational areas. Getting ...

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Loan Trading Operations information

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$43K

$90.2K

$150K

How much do loan trading operations jobs pay per year?

As of Aug 16, 2026, the average yearly pay for loan trading operations in the United States is $90,166.00, according to ZipRecruiter salary data. Most workers in this role earn between $62,000.00 and $109,000.00 per year, depending on experience, location, and employer.

What is the difference between Loan Trading Operations vs Loan Syndication?

AspectLoan Trading OperationsLoan Syndication
Primary FocusManaging the buying, selling, and settlement of loan assets in the secondary marketArranging and distributing large loan facilities to multiple lenders in the primary market
Work EnvironmentBack-office, trading desks, financial institutionsFront-office, investment banks, commercial banks
Required CredentialsFinance or related degree, strong understanding of loan products, certifications like CFA beneficialFinance or related degree, strong communication skills, certifications like CFA beneficial

While Loan Trading Operations focuses on the secondary market activities involving loan assets, Loan Syndication involves structuring and distributing new loan facilities to multiple lenders. Both roles require financial expertise and often share similar credentials, but they differ in their primary functions and work environment.

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Loan Trading Operations jobs near you
Infographic showing various Loan Trading Operations job openings in the United States as of August 2026, with employment types broken down into 86% Full Time, 11% Part Time, 1% Temporary, and 2% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $90,166 per year, or $43.3 per hour.

Manager, Whole Loan Trading Operations

Bank of Montreal

New York, NY • On-site

Full-time

Medical, Life, Retirement

Posted 11 days ago

Job description

Application Deadline:
10/30/2026
Address:
151 W 42nd Street
Job Family Group:
Customer Shared Services
Job Summary
The Manager, Whole Loan Trading Operations is responsible for leading, building, and scaling the operational support function for the firm's whole loan trading platform. This role provides end-to-end oversight of trade lifecycle processes, ensures a robust control environment, and partners with Front Office, Finance, Risk, Technology, and external vendors to support a complex and evolving asset class.
The successful candidate will play a critical role in establishing the operating model, building a high-performing team, and implementing scalable processes and controls to support business growth.
Key Responsibilities
Leadership & Team Management
  • Recruit, develop, and lead a team of operations professionals supporting whole loan trading
  • Define team structure, roles, and coverage model aligned to business needs
  • Establish performance expectations, training programs, and development plans
  • Foster a strong control culture and continuous improvement mindset
Operating Model & Platform Buildout
  • Design and implement the end-to-end operating framework for whole loan trading
  • Develop standard operating procedures, workflows, and escalation protocols
  • Partner with Technology to define system requirements, data models, and automation initiatives
  • Support onboarding of new products, strategies, and business initiatives
Trade Execution & Settlement Oversight
  • Oversee trade capture validation and settlement processes to ensure accuracy and timeliness
  • Coordinate with counterparties, custodians, servicers, and internal stakeholders to facilitate settlements
  • Monitor funding flows and ensure proper cash movement tracking
Loan Boarding & Data Management
  • Ensure accurate boarding of loans into internal systems and third-party servicer platforms
  • Implement controls to maintain data integrity across loan attributes and booking systems
  • Oversee reconciliation of loan balances between internal systems and servicers
Cash Flow & Servicer Oversight
  • Oversee reconciliation of principal, interest, and fee cash flows received from servicers
  • Monitor remittance activity and resolve discrepancies with third-party servicers
  • Manage ongoing servicer relationships, including performance monitoring and issue escalation
Lifecycle Event Management
  • Oversee operational support for loan lifecycle events including payoffs, modifications, delinquencies, and defaults
  • Ensure accurate processing and downstream impact across systems and reporting
Accounting & Financial Controls
  • Partner with Finance and Product Control to support P&L reporting and month-end close
  • Oversee reconciliation of cash vs. accrual balances and valuation support processes
  • Support reserve, impairment, and balance sheet substantiation requirements
Reporting, Controls & Governance
  • Develop management reporting on portfolio performance, holdings, and delinquency metrics
  • Support regulatory reporting requirements and audit engagements
  • Maintain and enhance documentation, controls, and governance frameworks
Process Improvement & Automation
  • Identify operational inefficiencies and control gaps; implement remediation strategies
  • Define reconciliation frameworks and exception management processes
  • Drive automation initiatives to reduce manual processes and improve scalability
Cross-Functional Partnership
  • Serve as the primary operations liaison to Trading, Finance, Risk, Legal, and Technology
  • Coordinate with external servicers and custodians to ensure seamless operational support
Qualifications
Required
  • Bachelor's degree in Finance, Accounting, Business, or related field
  • 7+ years of experience in operations, middle office, asset servicing, loan operations, or securitized products support
  • Demonstrated experience managing teams and leading operational functions
  • Strong understanding of trade lifecycle processes, settlement, servicing, and cash flow management
  • Proven ability to design and implement operational processes, controls, and governance frameworks
Preferred
  • Experience supporting whole loans, mortgage loans, structured products, or securitized products
  • Experience building or scaling a new operational function or platform
  • Knowledge of loan servicing models and third-party servicer oversight
  • Familiarity with regulatory reporting, audits, and operational risk management
  • Experience partnering with Technology on system enhancements, workflow redesign, and automation initiatives
  • Experience with SBO
  • Experience with SITUS AMC an asset
Key Competencies
  • Leadership and team development
  • Strong control and risk management mindset
  • Process design and continuous improvement
  • Strategic thinking and operating model development
  • Problem-solving and decision-making in complex environments
  • Effective stakeholder communication and collaboration
  • Ability to lead through ambiguity and support a growing business platform

Salary:
$112,200.00 - $209,000.00
Pay Type:
Salaried
The above represents BMO Financial Group's pay range and type.
Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.
BMO Financial Group's total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards
About Us
At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.
As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one - for yourself and our customers. We'll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we'll help you gain valuable experience, and broaden your skillset.
To find out more visit us at http://jobs.bmo.com/us/en
BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.
BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.
Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.
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About BMO

Sourced by ZipRecruiter

BMO, or Bank of Montreal, is one of the biggest multinational banking and financial services corporations in North America. Developed in 1817, BMO's American headquarters are located ideally in Chicago, Illinois while its main world headquarters are situated in Montreal. The bank operates in a multitude of sectors including personal and commercial banking, wealth management and investment banking products and solutions. Over the years, BMO has been recognized for its commitment to doing what's right for its customers, employees, and society.

Industry

Banking and credit intermediation

Company size

5,001 - 10,000 Employees

Headquarters location

Chicago, IL, US

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