Capital Markets Trading Associate

About the team

The Capital Markets Trading Associate is a junior level Mortgage Trader that may reside onsite or remote. The role requires mortgage pipeline analysis and hedging activities to reduce exposure to interest rate risk. The role will also include warehouse reporting, secondary market loan sales, daily reporting, margin management; as well as collaboration with mortgage pricing, transaction management, accounting, and treasury. Candidate will work within the parameters set forth by Zillow Home Loans Interest Rate Risk Management Policy. This role will work primarily during east coast trading hours of 8am – 5pm.

About the role

• Hedging activities include pipeline analysis and trading.

• Mortgage trading  for hedging pipeline risk.

• Monitor moving markets and transact efficiently.

• Understand counterparty risk and maintain current exposure to counterparties.

• Responsible for producing live pipeline reporting 

• Apply best execution strategies when selling mortgage loans and hedging activities.  This includes specific knowledge of best efforts, mandatory loan sales, FNMA FHLMC and GNMA MBS loan pooling and sales; servicing released and servicing retained pricing.

• Make recommendations for assumptions that guide our modeling and decision-making including prepayment speeds and durations.

• Additional duties as assigned

This role has been categorized as a Remote position. “Remote” employees do not have a permanent corporate office workplace and, instead, work from a physical location of their choice, which must be identified to the Company. U.S. employees may live in any of the 50 United States, with limited exceptions.

In California, Colorado, Connecticut, Hawaii, Illinois, Maryland, Minnesota, Nevada, New York, Washington state, and Washington DC the standard base pay range for this role is $74,700.00 - $119,300.00 Annually. This base pay range is specific to California, Colorado, Connecticut, Hawaii, Illinois, Maryland, Minnesota, Nevada, New York, Washington state, and Washington DC and may not be applicable to other locations.

In addition to a competitive base salary this position is also eligible for equity awards based on factors such as experience, performance and location. Actual amounts will vary depending on experience, performance and location.

Who you are

• Bachelor's degree or 8 years equivalent mortgage, finance, or accounting experience

• 2-5 years’ of experience in mortgage pipeline management

• Proficient knowledge of hedging instruments UMBS and GNMA securities

• Proficient in mortgage loan management systems such as Encompass

• Proficient in Microsoft Office products including Excel, Word and Powerpoint

• Proficient in reporting tools such as PowerBI, Tableau, or SQ

• Prior experience with  interest rate modeling vendors such as MIAC Analytics/ Compass/ QRM etc.

• Preferred knowledge of Tradeweb platform

• Preferred knowledge of Bloomberg Anywhere

Get to know us

Zillow is reimagining real estate to make home a reality for more and more people.

As the most-visited real estate website in the United States, Zillow® and its affiliates help movers find and win their home through digital solutions, first class partners, and easier buying, selling, financing and renting experiences. Millions of people visit Zillow Group sites every month to start their home search, and now they can rely on Zillow to help make it easier to move. The work we do helps people get home and no matter what job you're in, you will play a critical role in making home a reality for more and more people.

Our efforts to streamline the real estate transaction are supported by a deep-rooted culture of innovation, our passion to redefine the employee experience, a fundamental commitment to Equity and Belonging, and world-class benefits. These benefits include comprehensive medical, dental, vision, life, and disability coverages as well as parental leave, family benefits, retirement contributions, and paid time off. We’re also setting the standard for work experiences of the future, where our employees are supported in doing their best work and living a flexible, well-balanced life. But don’t just take