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Capital Markets Trader - Hedging & Trading

Job Category Mortgage / Title

Market Location VA - Northern Virginia

Location VA - Reston

Launch your career as a Capital Markets Trader in the mortgage division at one of America’s leading home builders. This position is perfect for those looking to join a fast-paced and dynamic work environment. As a valued member of the Hedging & Trading team, you will help to protect the firm’s profitability by trading Mortgage-Backed-Security (MBS) derivatives. Additionally, this role is critical in maintaining our various investor relationships to ensure maximum return when selling closed loans and servicing assets. Through this, a trader will help ensure the team’s effective operations and day-to-day functions for managing interest rate risk on our mortgage pipeline and selling closed loans into the secondary mortgage market.

This position is based on-site at NVR’s Corporate Headquarters in Reston, Virginia.

Primary Responsibilities:

• Trade Mortgage-Backed-Securities (MBS) with various broker dealers and foster professional relationships to ensure maximum liquidity for the firm

• Trade MBS Derivative (TBA) securities to hedge interest rate risk on the $2bn+ locked pipeline, and measure effectiveness

• Represent NVR Mortgage in building strong relationships with a diverse set of investors on the secondary mortgage market

• Lead the process of selling closed loans into the secondary market to a diverse set of investors

• Responsible for producing and maintaining highly visible and impactful reports to senior management

• Produce profit and loss analysis on various executive strategic initiatives

• Build a deep understanding of mortgage secondary markets and pricing

• Perform reconciliations with investors to ensure accuracy of loan sale proceeds as well as Mortgage-Backed Securities (MBS) trades

• Ensure NVR’s hedging reporting accuracy and work with investors to research mismatches

• Work across various corporate departments to ensure the seamless execution of loan sales, including QC, Shipping, Servicing, Accounting and Treasury

• Assist in developing and maintaining job aids for essential functions

Qualifications:

• 3 - 4 years of professional work experience in Secondary Mortgage related roles, or related financial services field

• 2+ years of experience selling closed loans into the Secondary Market

• Prefer 1+ years of experience trading MBS or MBS derivatives (TBA) for the purposes of hedging interest rate risk on the locked pipeline

• An understanding of interest rate risk hedging best practices and concepts, including hedge ratios, duration and convexity

• Bachelor’s degree in finance, accounting, business administration or related field

• Excellent problem-solving skills and strong attention to detail

• Experience with financial analysis tools including, but not limited to Microsoft Excel

• Proficient in managing and analyzing large amounts of data

• Strong interpersonal skills and ability to communicate effectively with internal stakeholders and investor contacts

• Knowledge of Compass Analytics or Optimal Blue is strongly preferred

Life at NVR

At NVR, your desire to excel is matched by our commitment to your success and we’ll give you the tools and industry knowledge you need. Our management team is tenured and talented, nearly 80% of them promoted from within, so you’ll find mentors who can share their knowledge, provide career guidance and encourage your success.

NVR also offers benefits among the best in the industry that reflect the strong commitment we have to all of our employees.

• Competitive Compensation

• Home Purchase Discount

• Mortgage and Settlement Services Discounts

• Comprehensive Health, Life and Disability Insurance

• 401(k) (Full-time employees are eligible to contribute immediately)

• Employee Stock Ownership Program

• Vacation and Holidays

In addition to the traditional benefits, we offer all our employees stock ownership through a profit sharing trust as part of our retirement savings package. NVR has had the highest Earnings Per Share growth rate in the homebuilding industry for the past 10 years, so as we grow financially, so do you.

We are an Equal Opportunity Employer. Drug Testing and Credit Check are required. Applicants must be legally entitled to work in the United States, as NVR does not provide visa sponsorships.

View more about our exceptional culture and comprehensive benefits at https://www.nvrcareers.com/ .