SVP Trader - Capital Markets

SVP Trader - Capital Markets

Working at Citi is far more than just a job. A career with us means joining a team of more than 230,000 dedicated people from around the globe. At Citi, you'll have the opportunity to grow your career, give back to your community and make a real impact.

Job Overview

As a senior member of the Secondary Marketing team, the SVP Trader is responsible for maximizing revenue by selling mortgage loans into the Secondary Markets. The Trader will pass the revenue generated from these sales to our Retail and Correspondent Sales partners to ensure we maintain a competitive offering for our customers. The Trader must also work within the Capital Markets to effectively hedge the value of the loan from time of rate lock commitment to time of loan sale. The Trader will additionally be keenly focused on fulfilling CRA shortfalls by finding cost-effective opportunities to acquire loans.

Key Responsibilities

• Manage hedging and market risk for a locked pipeline and warehouse of mortgage loans.
• Maximize profitability through the timely sale of whole loans and the structuring of mortgage-backed securities.
• Pursue best-execution opportunities and convey those economics to Sales partners to maintain a competitive offering.
• Identify and act on cost-effective opportunities to acquire mortgage loans. This includes the economic acquisition of CRA loans to fulfill shortfall needs.

Stakeholder & Partner Collaboration

• Prospect and cultivate relationships with investors, including GSEs, broker-dealers, and other mortgage loan buyers.
• Work with Risk Reporting Analysts to ensure proper reporting and attribution of risks and P&L.
• Partner closely with control functionsincluding Legal, Compliance, Market and Credit Risk, Audit, and Financeto ensure a robust governance and control infrastructure.

Risk, Governance & Compliance

• Assess risk appropriately when making business decisions, with particular consideration for the firm's reputation and the safeguarding of Citigroup, its clients, and its assets.
• Drive compliance with all applicable laws, rules, and regulations.
• Adhere to all internal policies and procedures, including Citi's Code of Conduct and the Plan of Supervision for the Secondary Marketing Trade Desk.
• Apply sound ethical judgment regarding personal behavior and business practices.
• Escalate, manage, and report control issues with full transparency.
• Promote a culture of responsible finance, good governance, diligent supervision, and expense discipline.

Qualifications:

• 10+ years of experience in a related role
• Knowledge of interest rate risk, mortgage pricing, best-execution, and Secondary Markets
• Strong analytical skills
• Effective interpersonal skills to develop and maintain relationships with internal and external stakeholders, including investors and other Secondary Market participants
• Consistently demonstrates clear and concise written and verbal communication skills

Education:

• Bachelor's degree/University degree or equivalent experience
• Master's degree preferred