Mortgage Whole Loan Trader, Wells Fargo

Wells Fargo

Location:
United States, Saint Louis

Category:
Finance

Contract Type:
Not provided

Salary:

Not provided

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Job Description:

Wells Fargo is seeking a Mortgage Securities Trader to support Capital Markets – Secondary Marketing and Portfolio Management activities, within Home Lending, as a part of Consumer Lending. The Mortgage Securities Trader will purchase and sell mortgage whole loans on behalf of Wells Fargo Home Lending to achieve strategic objectives. This role will also be responsible for other activities in the trading process, such as loan pooling, trade analytics, and trade settlement. The Mortgage Securities Trader will also need to collaborate with internal and external stakeholders for the purpose of having successful trading outcomes.

Job Responsibility:

Make markets or hedge trades
Participate in less complex transactions independently within their assigned product and securities
Review and research trading strategies and market characteristics and exercise independent judgment to guide trading
Present recommendations for trading strategies and market characteristics and exercise independent judgment while developing expertise within their assigned product and securities
Collaborate and consult with more experienced staff
Actively participate in activities related to the sale and purchase of mortgage whole loans which include trade evaluation, auctions, settlement, collaborating with various teams such as Transaction Managers, Legal, Finance/Accounting, Due Diligence, Collateral Management, and Portfolio Management
Responsible for identifying loans to be included/excluded for various whole loan purchases or sales based upon loan data and strategic intent
Ability to analyze data and provide actionable insights and follow-up actions regarding loans to be purchased or sold in the Secondary Markets
Responsible for procedure updates, control documentation, change control requests and any Audit requests
Process trade tickets and other trade related documentation
Work with peers, risk, compliance, and managers to meet firm deliverables while leveraging solid understanding of trading, risk, compliance, and operations

Requirements:

2+ years of Mortgage Securities Trading experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
2+ years of experience in Mortgage Capital Markets
Basic knowledge of Mortgage Secondary Market
A BS/BA degree or higher in business, finance, or economics
Advanced Microsoft Office (Word, Excel, and Outlook) skills
Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
Strong time management skills and ability to meet deadlines
Excellent verbal, written, organizational and interpersonal skills
Demonstrated ability to work independently, is well organized and a self-starter, embraces being accountable for work output and timeliness
Experience in conducting and understanding due diligence reviews related to residential mortgage whole loans used to determine their acquisition eligibility
Experience in determining the valuation of mortgage loans and mortgage-backed securities
Experience in managing legal, regulatory compliance, operational and reputational risks related to residential mortgage loans

Additional Information:

Job Posted:
June 04, 2025

Expiration:
June 30, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Mortgage Whole Loan Trader

Wells Fargo

Location:United States, Saint Louis

Category:Finance

Contract Type:Not provided