Fannie Mae

Director, Capital Markets - Mortgage Derivatives

Fannie Mae$226K — $306K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 8+ years of experience in MBS markets with a focus on agency mortgage derivatives.
  • In-depth knowledge of mortgage markets and derivative-based risk management.
  • Strong analytical and strategic skills specific to capital markets.
  • Proven judgment and decision-making abilities in dynamic market conditions.
  • Excellent communication skills for presenting complex strategies to senior stakeholders.
  • Curious and adaptable in utilizing new technologies such as AI in market operations.

Responsibilities

  • Lead the execution of mortgage derivative trading and risk management strategies.
  • Execute trades and manage positions while assessing performance and risks.
  • Shape pricing strategy related to mortgage derivatives and overall portfolio.
  • Assist in structuring Agency CMOs, identifying and developing opportunities.
  • Analyze market conditions to inform trading strategies and decisions.
  • Collaborate across teams to build mortgage derivative capabilities.
  • Evaluate market opportunities and relative value positioning.
  • Provide strategic recommendations and insights to leadership.

Benefits

  • Flexible working environment with autonomy in daily tasks.
  • Opportunity to work alongside caring and supportive team members.
  • Engagement with senior leadership in strategy development.
  • Access to advanced technologies and methodologies.
  • Collaborative atmosphere across multiple departments.
Full Job Description

Job Description

In this compelling leadership position, you will lead efforts on monitoring financial markets and initiating trades or transactions to capitalize on recognized patterns or according to a strategy. You will develop, oversee, and ensure the implementation of strategies for analyzing financial market data and determining trends or patterns, direct trade or transaction activity based on the analysis of financial market data, develop and implement strategies to transfer a portion of credit risk to private capital, and establish pricing according to the associated risk of the asset.

THE IMPACT YOU WILL MAKE

The Director, Capital Markets – Mortgage Derivatives role will offer you the flexibility to make each day your own, while working alongside people who care so that you can deliver on the following responsibilities:

  • Lead the development and execution of mortgage derivative trading and risk management strategies in support of Capital Markets objectives.

  • Execute trades and manage mortgage derivative positions, including monitoring performance, risk, and market opportunities.

  • Provide expertise to shape the buy-up / buy-down pricing strategy and its connection to mortgage derivatives and broader portfolio strategy

  • Assist in Agency CMO structuring; helping to identify and develop opportunities in Agency CMOs

  • Analyze market conditions, rate movements, volatility, and prepayment behavior to inform trading decisions.

  • Partner across Capital Markets, Risk, Finance, and Analytics to build and enhance mortgage derivative capabilities.

  • Evaluate relative value opportunities and positioning.

  • Deliver market insights and strategic recommendations to senior leadership and key stakeholders.

THE EXPERIENCE YOU BRING TO THE TEAM

Minimum Required Experiences:

  • At least 8 years of experience in MBS markets, with strong experience in agency mortgage derivates specifically.

  • Deep understanding of mortgage markets, rate products, and derivative-based risk management.

  • Strong analytical, strategic, and execution capabilities in a capital markets environment.

  • Excellent judgment and decision-making skills in fast-moving market environments.

  • Strong verbal and written communication skills, including the ability to present complex market and strategy topics to senior stakeholders.

  • Shows curiosity and adaptability in learning and responsibly applying new technologies, including artificial intelligence, to reimagine how we work.

Desired Experiences:

  • Bachelors Degree or equivalent

  • Demonstrated experience leading, mentoring, or building a team within a capital markets or trading environment.

  • Experience managing mortgage derivative strategies tied to portfolio optimization, hedging, pricing, or production-related objectives.

  • Agency CMO structuring experience.

  • Familiarity with the agency mortgage market, mortgage-backed securities, TBA, specified pools, options, swaps, swaptions, futures, or other related rate/mortgage hedging instruments.

  • Experience helping stand up, expand, or formalize a new trading capability, investment process, or market function.

  • Knowledge of secondary mortgage markets and how derivative strategies support pricing, risk transfer, or capital markets execution.

  • Ability to operate both strategically and tactically  setting direction while also executing transactions and managing day-to-day market activity.

Capital Markets - Market Transactions - Director

#LI-Hybrid

Qualifications

Education:

Bachelor's Level Degree (Required), Master's Level Degree

For most roles, employees are expected to work onsite on a regular basis at their designated office location. In-office work cadence is determined by your manager. Proximity within a reasonable commute to your designated office location is preferred unless the job is noted as open to remote.

Requisition compensation:

226000

to

306000

About Fannie Mae

As the leading source of residential mortgage credit in the U.S. secondary market, Fannie Mae is supporting today's economic recovery and helping to build a sustainable housing finance system. They exist to provide reliable, large-scale access to affordable mortgage credit in all communities across the country at all times so people can buy, refinance, or rent homes. Fannie Mae is working to establish and implement industry standards‚ develop better tools to price and manage credit risk‚ build new infrastructure to ensure a liquid and efficient market and facilitate the collection and reporting of data for accurate financial reporting and improved risk management. Fannie Mae is committed to being their customers’ most valued business partner and delivering the products, services and tools their customers need to serve the entire market confidently, efficiently and profitably. Ultimately‚ Fannie Mae measures their progress not only by paying taxpayers and improving the housing finance system‚ but also by the difference they make in people’s lives.

Fannie Mae Careers

Join the vibrant team at Fannie Mae, where we are committed to solving the challenges of today's housing market while fostering inclusive growth and innovation. As a cornerstone of the American mortgage system, Fannie Mae offers unparalleled job opportunities that empower you to influence the future of housing finance. Work You’ll Do At Fannie Mae, you will collaborate with some of the brightest minds in the finance and technology sectors. Our mission is to ensure access to affordable housing for people across the United States, and your work here will contribute to that goal. With roles ranging from financial analysis to technology development, your career at Fannie Mae will be marked by growth, leadership, and the pursuit of excellence. Innovate and Lead Fannie Mae stands at the intersection of financial services and innovative technology solutions, making it an ideal place for those who are driven to explore new ideas and push boundaries. Our culture thrives on innovation and leadership, encouraging every team member to bring forward ideas that drive efficiency and effectiveness. Professional Growth and Development Career advancement at Fannie Mae is not just a possibility—it is an expectation. We are dedicated to the professional growth of our employees through robust training programs, leadership workshops, and continuous learning opportunities. Whether you are looking to sharpen your analytical skills, enhance your leadership capabilities, or dive deep into the housing market dynamics, Fannie Mae provides the resources to achieve your professional goals. Diversity and Inclusion At Fannie Mae, we believe that diversity fuels innovation. We are committed to fostering an inclusive environment where diverse voices are heard and valued. Through diversity training and a culture that celebrates unique perspectives, we ensure that all team members can contribute to their fullest potential. Join Our Team Explore the array of job opportunities at Fannie Mae, from internships for budding professionals to full-time positions for seasoned experts. We are hiring individuals who are passionate, curious, and eager to make a difference. Our team is looking for candidates who not only have the necessary skills but also embody our values of integrity, impartiality, and respect. Benefits and Perks Working at Fannie Mae comes with a comprehensive benefits package designed to support the health, well-being, and financial security of our employees and their families. From competitive health benefits and retirement plans to flexible working arrangements and wellness programs, we prioritize the well-being of our team members. Stay Connected Networking and staying connected are key components of building a successful career at Fannie Mae. Engage with us through various professional networking events, online communities, and social platforms to stay updated on new positions, company news, and industry trends. Apply Now Ready to take the next step in your career? Review our open positions, tailor your resume, and prepare for an interview that could set you on a path to a rewarding career at Fannie Mae. We are excited to see how your vision, skills, and enthusiasm can contribute to our team and the broader mission of affordable housing. Explore Fannie Mae Jobs Discover the exciting and impactful career paths available at Fannie Mae. Each position offers the opportunity to challenge yourself, contribute to a significant cause, and work within a culture that values innovation, leadership, and community impact. Join us in shaping the future of housing finance—apply today and be part of a team that is dedicated to making a difference.
Learn more about Fannie Mae
Size
7,400 employees
Industry
Founded
1938
NASDAQ

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