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Trader Hourly Jobs in Michigan (NOW HIRING)

Rock Connections

Capital Markets Trader

Detroit, MI · On-site +1

As the Trader II, you'll exhibit elevated proficiency in mortgage trading, with a specialization in whole loan trading. This role is responsible for supporting the execution and optimization of ...

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 ...

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Trader Hourly information

What are Trader Hourly positions?

Trader Hourly positions typically refer to entry-level roles at Trader Joe's, a popular grocery store chain. These employees work on an hourly wage and are responsible for a variety of tasks, such as stocking shelves, assisting customers, operating registers, and maintaining store cleanliness. Trader Hourly staff are known for providing friendly customer service and working as part of a team in a fast-paced retail environment. The role offers flexible hours and opportunities for growth within the company.

What is the difference between Trader Hourly vs Stock Broker?

AspectTrader HourlyStock Broker
CredentialsHigh school diploma or equivalent; licensing may be requiredLicensing (e.g., Series 7), bachelor's degree often preferred
Work EnvironmentFinancial firms, trading floors, or remoteBrokerage firms, banks, or independent
Industry UsageActive trading, market analysis, executing tradesClient advising, selling securities, managing portfolios

Trader Hourly and Stock Broker roles both operate within the financial industry, often requiring licensing and similar work environments. However, traders focus on executing trades and market analysis, typically on an hourly basis, while stock brokers primarily advise clients and sell securities. Understanding these differences helps job seekers identify the right career path in finance.

What does a typical day look like for a Trader Hourly, and how do they collaborate with other team members?

A Trader Hourly typically starts their day by reviewing market updates and monitoring relevant financial news. Throughout their shift, they execute trades, monitor positions, and ensure compliance with company risk guidelines. Collaboration is key—Trader Hourly professionals often work closely with analysts, other traders, and support staff to share insights and coordinate strategies. The fast-paced environment requires clear communication and quick decision-making to respond to market changes effectively.

What are the key skills and qualifications needed to thrive as a Trader Hourly, and why are they important?

To thrive as a Trader Hourly, you generally need a solid understanding of financial markets, strong analytical abilities, and a relevant degree in finance, economics, or a related field. Familiarity with trading platforms, market analysis software, and potentially certifications like FINRA Series 7 are typically required. Quick decision-making, stress management, and effective communication are standout soft skills in this role. These competencies are crucial for making timely, informed trades and maintaining performance under pressure in fast-paced trading environments.
What are the most commonly searched types of Trader jobs in Michigan? The most popular types of Trader jobs in Michigan are:
What are popular job titles related to Trader Hourly jobs in Michigan? For Trader Hourly jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Trader Hourly jobs in Michigan look for? The top searched job categories for Trader Hourly jobs in Michigan are:
What cities in Michigan are hiring for Trader Hourly jobs? Cities in Michigan with the most Trader Hourly job openings:
Trader Hourly jobs near you
Infographic showing various Trader Hourly job openings in Michigan as of June 2026, with employment types broken down into 1% Locum Tenens, 1% As Needed, 90% Full Time, 7% Contract, and 1% Nights. Highlights an 86% Physical, 5% Hybrid, and 9% Remote job distribution.
Capital Markets Trader

Capital Markets Trader

Rocket Mortgage, LLC

Detroit, MI • On-site

Full-time

Posted 12 days ago

Rocket Mortgage rating

8.4

Company rating: 8.4 out of 10

Based on 59 frontline employees who took The Breakroom Quiz

30th of 150 rated financial services

Job description

As the Trader II, you'll exhibit elevated proficiency in mortgage trading, with a specialization in whole loan trading. This role is responsible for supporting the execution and optimization of trading strategies, assisting with loan aggregation, pool formation, price discovery, and proactively identifying market opportunities. You'll serve as a vital knowledge resource for more junior team members and collaborate closely with internal stakeholders to enhance team performance and execution quality.
About the role
  • Execute sales of mortgage loan pools using established mortgage trading strategies meant to maximize profits while reducing risk
  • Monitor and manage our pipeline of loans not yet sold
  • Create, maintain, and deepen relationships with buyers, investors, and trading counterparties, escalating complex issues as needed
  • Prepare reports detailing profits and losses of executed trades
  • Assist in the development of mortgage trading strategies meant to maximize profits while reducing risk
  • Identify and share process improvements for pipeline management and trade execution efficiency
  • Explore new mortgage loan sale opportunities
  • Support the development and launch of new mortgage products
  • Regularly communicate emerging market dynamics and valuation trends to team members and other business areas
  • Represent the trading team in projects and meetings and provide subject matter input on whole loan product structure and execution issues to trading and cross-functional teams
  • Mentor and coach other team members on core trading tasks, whole loan concepts, and operational best practices

About you
Minimum Qualifications
  • 3 years of experience in financial services, capital markets, or mortgage trading, with hands-on exposure to mortgage-backed securities and/or whole loan transactions
  • Bachelor's degree in finance, economics, business management, or equivalent experience
  • Advanced analytical and logical reasoning skills, especially as applied to trading and asset valuation
  • Proficiency in spreadsheet software, financial modeling, and basic data visualization
  • Demonstrated knowledge of structuring, pooling, and whole loan pricing conventions
  • Experience collaborating cross-functionally with business partners

Preferred Qualifications
  • Experience in executing trading strategies for mortgage whole loans including servicing released/retained, bulks, forward, flow, and private-label securitization
  • In-depth understanding of mortgage loan pricing, bond pricing, and fixed income market dynamics
  • Deep familiarity with mortgage product types, investor guidelines, and whole loan sale execution processes
  • Understanding of primary and secondary mortgage market dynamics, as well as key regulatory considerations impacting mortgage trading
  • Capacity to coach and mentor other team members

What you'll get
Our team members fuel our strategy, innovation and growth, so we ensure the health and well-being of not just you, but your family, too! We go above and beyond to give you the support you need on an individual level and offer all sorts of ways to help you live your best life. We are proud to offer eligible team members perks and health benefits that will help you have peace of mind. Simply put: We've got your back. Check out our full list of Benefits and Perks.
About us
Rocket Mortgage® was founded in 1985. Today, we're a Detroit-based, publicly traded company with a mission to Help Everyone Home. At Rocket Mortgage, we believe that home is more than the house you live in. Our wide variety of home loan options, tools and resources empower our clients to achieve their homeownership dreams. We're known as experts in the mortgage industry, but we're also innovators - we strive to create the best experiences for our clients from beginning to end. And we're not your typical employer. We're insistently different in how we look at the world and are committed to an inclusive workplace where every voice is heard. Apply today to join a team that offers career growth, amazing benefits and the chance to work with leading industry professionals.
This job description is an outline of the primary responsibilities of this position and may be modified at the discretion of the company at any time. Decisions related to employment are not based on race, color, religion, national origin, sex, physical or mental disability, sexual orientation, gender identity or expression, age, military or veteran status or any other characteristic protected by state or federal law. The company provides reasonable accommodations to qualified individuals with disabilities in accordance with applicable state and federal laws. Applicants requiring reasonable accommodations in completing the application and/or participating in the application process should contact a member of the Human Resources team, at Careers@Rocket.com.

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