Secondary Marketing Trader

Job Summary:



Portfolio management of whole loans and servicing, to include pricing, purchasing, selling, investing and hedging of various mortgage products.



Job Description:

Manage proprietary whole loan trading positions within Capital Markets, including arbitrage activities of flow products Manage portfolio accounts, to include determining optimal strategies and execution methodologies for conforming and non-conforming asset sales.Develop loan-trading strategies for ETCM related to bulk and flow acquisitions, sales and securitization channels. Evaluate alternative exit strategies, work on securitization projects as required, develop direct sales to end accounts for ARMs, bid on mini-bulks, approve new processes, and work on possible re-entry to bulk market when securitization process is operational.Execute and manage revenue-generating production and exit channels. Track and report value of products in the portfolio.Hedge arbitrage of loan products for securitization or disposition.Buy and sell high volumes of mortgage loan assets, hedge interest rate risk, and develop portfolio strategies.Create and manage!
informa
tional reporting packages to be used as the basis for running the financial aspects of the mortgage banking businesses.Provide general customer support, including responding to customer inquiries, working with customers and Account Executives on specific pricing deals, and running daily competitive pricing comparisons.Manage outbound sales to Agencies and Street, to include preparing and submitting the outbound packages to bidders, working with the Deal Manager on structure, and assisting in problem resolution. REQUIREMENTS


Background and Experience:



Minimum required:

10+ years experience trading or portfolio management within a Capital Markets/Secondary Markets, with emphasis on mortgage loan assets such as jumbo mortgage loans and Alt-A production. Additional experience in sub/non-performing mortgage assets a plusStructuring experience helpful in executing transactions.Strong ana!
lytical and communication skills, project-oriented, strong kno!
wledge o
f markets and risk management techniques.Experience managing positions and the risk associated with that position. Demonstrated ability in developing and executing trading strategies.Strong finance experience, including derivatives and analytics related to asset-backed items.Demonstrable knowledge of and conta!
ct with the major whole loan buyers and sellers



Desired:

Experience with online trading vehicles.<!
LI class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: jus!
tify; ms
o-list: l0 level1 lfo2; tab-stops: list .5in">Some systems experience: Access, Bloomberg Analytics7,66, and preferably 24, CFA a plusSecuritization experience.