Key skills
Risk ManagementSales
About this role
Role Overview
- Assist with loan sales/purchases to/from Investors
- Optimize loan pooling techniques to create profitability
- Delivery of loans to agencies: FNMA, FHLMC, and GNMA, ensuring compliance with all requirements
- Monitor real-time mortgage security pricing
- Ensure trading activities meet audit, SOX and BMO compliance and audit requirements
- Assist with data transfer by optimizing data transfer efficiency and ensuring data integrity
- Work with current and new investors, expanding opportunities for product offering and executions
- Assume responsibility for submitting and obtaining approval for models used in SMU
- Provide actual vs. Model result back-testing to show that models are performing within expectations
- Complete all requests from the Model Vetting Team for additional data, analysis and annual approval request
- Participate in internal and external audits as necessary
- Assist with setting mortgage pricing by tracking Competitor rates via Internet and surveys, as well as downloading Investor pricing
- Manage rate offerings against cost of funds to achieve margin requirements set by management
- Maintain historical pricing database
- Track portfolio composition and monitor risk and ALCO portfolio limits
- Track unhedged pipeline exposure to ensure SMU is within risk guidelines
- Provide recommendations relating to pricing strategy, policies and enforcement ensuring margin returns and success within our markets
- Analyze fallout data to help determine trading positions
- Available for projects to enhance Secondary Teams processes and execution
- Automate processes to improve operational efficiency and reduce costs
- Testing and development of Internal Systems Correspondent lending developments
Requirements
- Bachelor’s Degree required, business major preferred, or equivalent work experience
- Graduate degree or financial certifications preferred
- 5+ years diverse business/finance experience required
- 5+ years in mortgage trading/pipeline hedging experience required
- Excellent knowledge of securities market including mortgage market and secondary mortgage market
- Solid experience/understanding of risk management and asset/liability issues
- Overall knowledge of all aspects on the mortgage business
- Experience with Risk Management Systems preferred
- Access, Excel and Word expertise required
- Statistical modeling preferred
Benefits
- Health insurance
- Tuition reimbursement
- Accident and life insurance
- Retirement savings plans