Senior Mortgage Trader

USAA

. Work with Hedging, Servicing Valuation, Loan Delivery, Pricing, Lock Desk, and Product Development teams .

Posted 10/13/2026full-timeSan Antonio • Texas • United StatesSenior💰 $93,770 - $168,790 per yearWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates advanced expertise in hedging mortgage origination pipelines, secondary marketing risk management, and mortgage pricing models. Proficient in data analysis, compliance with federal mortgage lending regulations, and utilizing CompassPoint for GSE data extracts.

Highest-signal resume keywords

Hedging Mortgage Origination PipelinesSecondary Marketing Risk ManagementCompassPoint UtilizationSQL for Financial Data AnalysisAdvanced Excel Skills

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Mortgage Pricing ModelsData AnalysisULDD and PDD ExtractsInterest Rate Risk ManagementMBS TransactionsFinancial ModelingData Import Audit CalculationsProblem SolvingValuation TasksCash Sales

Soft Skills

CollaborationCommunicationTraining and MentoringProblem SolvingAccountability

Tools & Technologies

CompassPointSQLExcel

Industry Keywords

Secondary Mortgage MarketsFederal Mortgage Lending RegulationsGenerally Accepted Accounting PrinciplesMortgage-Backed SecuritiesInterest Rate/Price Risks

Tech Stack

Tools & technologies

SQL

About the role

Key responsibilities & impact

Work with Hedging, Servicing Valuation, Loan Delivery, Pricing, Lock Desk, and Product Development teams
Support CompassPoint model maintenance, including valuation, hedging, pricing, and GSE loan data extracts
Run pricing, pool optimizer, and reporting activities
Cover for the Lead Trader
Run projects to set up new counterparties, products, valuations, ULDD and PDD extracts, and tools within CompassPoint
Enhance CompassPoint design and processes for trade input, allocations, pricing, bond settlement instructions, and GSE data extracts
Implement secondary marketing interest rate risk hedging and related mortgage hedging processes
Conduct data analysis supporting mortgage pipeline activities, warehouse risk management, secondary marketing loan sale executions, data delivery, and settlements
Collaborate with cross-functional areas to fulfill hedging activities and transactions
Ensure activities comply with regulatory policies and requirements and generally accepted accounting principles
Trade mortgage-backed securities and/or interest rate risk of rate locks for mortgage loans in the pipeline and warehouse
Execute complex interest rate risk hedging and related procedures under minimal supervision
Administer best execution for mortgage loan sales, including mandatory, best efforts, whole loans, MBS, servicing retained, and servicing released
Support oversight and execution of real estate interest rate pricing models
Monitor and recommend improvements to trading and hedging policies and processes
Identify opportunities to improve operational effectiveness and remain accountable for results
Meet with senior finance and business executives to present hedge review results and trading exposures
Recommend changes to trading and hedging strategy and modeling assumptions
Conduct risk analysis, develop hedge strategies, and execute transactions to mitigate exposure from mortgage servicing rights and other balance sheet elements
Identify data trends and make recommendations to management
Provide guidance and on-the-job training to less experienced coworkers and serve as a resource on complex escalated issues

Requirements

What you’ll need

Bachelor's degree in Finance, Economics, or a related field required; 4 additional years of related experience beyond the minimum required may substitute for a degree
Minimum 6 years’ experience in hedging mortgage origination pipelines with secondary marketing risk management systems
Advanced experience with AOT, MBS, and cash sales
Advanced knowledge of secondary market loan delivery and settlement systems
Understanding of financial markets, interest rate/price risks, and secondary mortgage markets
Advanced knowledge and application of generally accepted accounting principles applicable to the mortgage and banking industry
Established relationships with participants in the secondary mortgage markets
Experience developing mortgage pricing models
Strong knowledge and application of federal mortgage lending regulations and compliance
Proven ability to manage mortgage pipelines, price loans, and execute sales to investors
Experience with pull-through study processes and familiarity with USAA operational process flows for categorizing pull-through stages
Deep familiarity with USAA data mappings for the Pipeline Warehouse File import and import error resolutions
Experience utilizing CompassPoint for GSE data extract mappings, data import tasks, data import audit calculations, and valuation tasks
Proficient in problem solving reporting issues within CompassPoint and resolving them in a timely manner
Demonstrated ability to produce ULDD and PDD extracts, ensuring data accuracy, standardization, and compliance with GSE requirements
Experience with ULDD phases, such as Phase 4a and Phase 5
Understanding of MBS transactions, back-office trade QC, trade-related risk, and controls
Proficient in SQL for complex financial data analysis, query writing, and data manipulation
Advanced Excel skills for financial modeling, data analysis, and reporting
USAA does not provide visa sponsorship; applicants must not require immigration support now or in the future

Benefits

Comp & perks

Flexible work environment with office attendance 4 days per week
Relocation assistance
Pay incentives based on overall corporate and individual performance, at the discretion of the USAA Board of Directors
Comprehensive medical, dental and vision plans
401(k)
Pension
Life insurance
Parental benefits
Adoption assistance
Paid time off program
Paid holidays
16 paid volunteer hours
Wellness programs
Career path planning
Continuing education