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Mortgage Trader Jobs (NOW HIRING)

TransMarket Group

Senior Mortgage Trader

Chicago, IL · On-site

$120K/yr

Description We are seeking an experienced Mortgage Trader to join our trading team. You will be responsible for risk management and trading across a variety of mortgage products on the current ...

TransMarket Group

Senior Mortgage Trader

Chicago, IL

$120K/yr

Description We are seeking an experienced Mortgage Trader to join our trading team. You will be responsible for risk management and trading across a variety of mortgage products on the current ...

TransMarket Group

Senior Mortgage Trader

Chicago, IL · On-site

$120K/yr

Description We are seeking an experienced Mortgage Trader to join our trading team. You will be responsible for risk management and trading across a variety of mortgage products on the current ...

Rock Connections

Capital Markets Trader

Detroit, MI · On-site +1

Execute sales of mortgage loan pools using established mortgage trading strategies meant to maximize profitswhile reducing risk * Monitor and manage our pipeline of loans not yet sold * Create ...

Pennymac

Mortgage Trading Analyst

Westlake Village, CA · On-site

$55K - $85K/yr

... trader on the trading desk. The Mortgage Trading Analyst will: * Analyze collateral data for whole-loan trading and securitization * Maintain Mortgage Trading databases (NEC, pairoff, extensions)

Citigroup, Inc.

Agency MBS Trader - VP

New York, NY · On-site

$175K - $250K/yr

The Agency Mortgage Trading business is part of the Spread Products Sales & Trading Division. The successful candidate will support the day-to-day activities of the trading desk, including market ...

AD Mortgage

Capital Markets Head Trader

Troy, MI

About this opportunity As the Head of MBS Trading, you will oversee the pricing, hedging, trading, and execution of our mortgage portfolio. You will manage the pooling decision, pipeline risk ...

Conventus

AVP, Trader

Westlake Village, CA · On-site

$107K - $132K/yr

Job Title: AVP, Trader Location: CA - Westlake Village What you'll do: The AVP, Trader position ... Intermediate knowledge of residential mortgage industry in Correspondent or Retail Lending ...

Western Alliance Bank

AVP, Trader

Westlake Village, CA

$107K - $132K/yr

Job Title: AVP, Trader Location: CA - Westlake Village What you'll do: The AVP, Trader position ... Intermediate knowledge of residential mortgage industry in Correspondent or Retail Lending ...

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Mortgage Trader information

See salary details

$39.5K

$96.8K

$269.5K

How much do mortgage trader jobs pay per year?

As of Aug 19, 2026, the average yearly pay for mortgage trader in the United States is $96,774.00, according to ZipRecruiter salary data. Most workers in this role earn between $56,500.00 and $105,500.00 per year, depending on experience, location, and employer.

What does a mortgage trader do?

A Mortgage Trader buys and sells mortgage-backed securities (MBS) and other related financial instruments to generate profits or manage risk for a financial institution. They analyze market trends, interest rates, and economic data to make informed trading decisions. Mortgage Traders often work for banks, hedge funds, or investment firms, executing trades in both primary and secondary mortgage markets. Their role requires strong analytical skills, risk assessment abilities, and knowledge of fixed-income markets.

What does a typical day look like for a mortgage trader?

A typical day for a Mortgage Trader involves monitoring mortgage-backed securities markets, analyzing market data and trends, executing buy and sell trades, and managing portfolio risks throughout the trading session. Mortgage Traders spend significant time interacting with sales teams, portfolio managers, and risk management to align trading strategies with client needs and firm objectives. The day is often fast-paced, requiring quick decision-making, real-time analysis, and regular updates as market conditions fluctuate. This collaborative environment offers a dynamic mix of independent analysis and teamwork, making it appealing for those who enjoy both quantitative work and interpersonal collaboration.

What are the key skills and qualifications needed to thrive as a mortgage trader?

To thrive as a Mortgage Trader, you need a strong understanding of fixed income markets, mortgage-backed securities, financial modeling, and typically a degree in finance, economics, or a related field. Familiarity with trading platforms such as Bloomberg, mortgage analytics software, and potentially FINRA licensing are often required. Excellent analytical thinking, attention to detail, and effective communication are crucial soft skills for this role. These skills ensure accurate market analysis, successful execution of trades, and collaboration within high-pressure, dynamic trading environments.

More about Mortgage Trader jobs

What cities are hiring for Mortgage Trader jobs?

Cities with the most Mortgage Trader job openings:

What states have the most Mortgage Trader jobs?

States with the most job openings for Mortgage Trader jobs include:

What job categories do people searching Mortgage Trader jobs look for?

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Mortgage Trader jobs near you
Infographic showing various Mortgage Trader job openings in the United States as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $96,774 per year, or $46.5 per hour.

Senior Mortgage Trader

TransMarket Group

Chicago, IL • On-site

$120K/yr

Full-time

Re-posted 3 days ago

Job description

Description

We are seeking an experienced Mortgage Trader to join our trading team. You will be responsible for risk management and trading across a variety of mortgage products on the current derivatives desk.  The ideal candidate must have a proven track record of disciplined trading, niche expertise in Mortgage markets, and exceptional risk assessment and management skills.

Responsibilities

  • Utilize mortgage expertise to manage risk and trade profitably
  • Develop and maintain quantitative tools and analytics for strategy optimization.
  • Contribute to the desk's automation and e-trading initiatives, including algo pricing logic and auto-hedging workflows
  • Collaborate with fellow traders to share insights and refine trading strategies.
  • Mentor junior traders on the desk

Requirements

  • 5+ years of experience trading mortgages for a proprietary book
  • Demonstrated track record of profitable mortgage trading
  • Deep understanding of mortgage pricing and risk metrics
  • Spec Pool Trading experience is required
  • Proficiency with trading and risk systems
  • Strong quantitative aptitude; ability to reason quickly under pressure with sound judgment on risk
  • Excellent communication skills and a collaborative approach with sales and clients
  • Strong work ethic and a collaborative mindset.
  • This position requires physical presence and is on-site (all 5 days) at our office in Chicago, IL.

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