Principal, Capital Markets Hedging and Execution

About the team

Are you ready to be a part of a simplified mortgage process? Getting a mortgage is often the hardest, most complicated part of buying a home! At Zillow Group, we are committed to delivering a better mortgage experience by building a platform that simplifies the transaction and empowers consumers with greater flexibility and control. We believe we can transform the process of buying and selling a home! We move fast and think big, and we need a leader to support that mission.

About the role

The Principal, Capital Markets Hedging & Execution will be pivotal in developing capital markets executions that support our long-term growth plans. You will collaborate with our current and prospective business partners to build new strategies for ZHL. These strategies will demonstrate capital markets structures to work towards our goals and gain a competitive edge. This role is responsible for managing interest rate risk and loan sale execution.

Lead by example – ZG is a team sport, and we focus on that every day. Teamwork and collaboration are key to our success.

• Develop new execution options for loan and servicing sales.
• Identify arbitrage opportunities between various execution options to boost gain on sale revenue.
• Work closely with the pricing team to reflect secondary market opportunities and executions in our target profit margins.
• Evaluate existing hedging positions and provide mentorship and feedback to risk managers based on market intelligence and prior experience.

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 $127,100.00 - $203,000.00 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

• Capital Markets mortgage professional with 10+ years of experience, including MBS trading/investment, structured finance, and a strong track record of leadership, having led and developed a high-performing trading team for 4+ years.
• Detailed knowledge of security pricing, servicing values (released and retained), buyup/buydown grids, LLPAs, guarantee fees, and experience with a variety of executions, including whole loan best efforts, mandatory bid tape, cash window, and agency MBS securitization.
• Maintain data integrity with LOS and hedging software and ensure pricing assumptions and inputs are accurate.
• Prior experience with Compass Analytics, MIAC or QRM risk management systems for mortgage banking. Independently supervise hedging position, all trading activity, loan sales and hedging model inputs.
• Strong ability to independently build and maintain trading/hedging policies and procedures, ensuring adherence while measuring trading performance and hedge efficiency.
• Technology-focused with a proven track record to collaborate with tech teams in building automation to support business growth.
• Proficient analytical skills to make data-driven decisions in a fast-paced environment, showcasing a dedication to achieving goals and acting promptly.
• Ability to work efficiently in a team environment to optimize performance.
• Excellent communication and presentation skills. Strong ability to turn data into information to advise trading decisions and conversations with key internal partners as well as present to auditors/regulators.
• Independently partner with Legal to review contracts and negotiate terms for investor contracts.
• Able to establish links and collaborate across all levels of the organization as well as manage relationships with FNMA, FHLMC, GNMA and private investors (TBA trading partners, whole loan investors, etc).
• Knowledge of agency and investor guidelines, product offerings and delivery/loan sale execution.
• Bachelor’s Degree or equivalent experience in Finance, Economics or Accounting preferred.

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 our word for it. Read recent reviews on Glassdoor and recent recognition from multiple organizations, including: the 100 Best Companies to Work For, Glassdoor Employees’ Choice Award, Bloomberg Gender-Equality Index, Human Rights Campaign (HRC) Corporate Equity Index, and TIME 100 Most Influential Companies list.

Zillow Group is an equal opportunity employer committed to fostering an inclusive, innovative environment with the best employees. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please contact your recruiter directly.

Qualified applicants with arrest or conviction records will be considered for employment in accordance with applicable state and local law.

Applicants who receive job offers from Zillow Group will be asked to sign a Proprietary Rights Agreement which includes confidentiality, intellectual property assignment, customer and employee non-solicitation, and non-competition provisions. If you are contacted for a role at Zillow Group and wish to review a copy of the Proprietary Rights Agreement prior to receiving an offer, you may request a copy from your Recruiter.

Apply