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Capital Markets Mortgage Senior Pipeline Quant Trader

Company: Citizens
Location: Sachse
Posted on: November 24, 2022

Job Description:

Description -Directly responsible for hedging and trading financial instruments to manage the interest rate risk of the mortgage pipeline. - Buy, sell and trade approved derivatives that minimize loss of mortgages loans while in the AFS pipeline. - Engage directly with Wall Street firms and financial institutions to execute trades. - Consult with Interest Rate Risk Manager for strategic hedging goals, limits and activities. - Work directly with Pipeline Financial Analyst in analyzing best execution criteria in order to maximize gains. - Consult with Loan Delivery on expectations and timing around investor allocations. - QualificationsMinimum Required:

7+ years of direct mortgage banking experience and/or brokerage finance and trading with knowledge of mortgage banking process functions, financial markets and sources. - Knowledge of Capital Markets within a mortgage banking entity required.Prior mortgage pipeline hedging experience required -Preferred:
Prior experience using the QRM risk mgmt. frameworkExpert SQL skillsetExperience building processes and analytics using VBA and/or PythonExperience with light statistical modelling and manipulation of large datasetsThorough understanding of fixed income duration and convexity dynamicsThorough understanding of fixed income cash flows/valuation, specifically with respect to Agency RMBSThorough understanding of pipeline fallout modelling and pull-through driversFamiliarity with MSR risk profiles and valuation driversFamiliarity with TBA relative value analysis and technical driversFundamental grasp of how global capital market dynamics interplay with UST/MBS valuationsExperience managing complex hedge portfolios consisting of TBA, Treasury futures/options, swaps/swap futures, MBS pool forward sales and Eurodollar futures is preferredAbility to build analytics explaining pipeline dynamics such as pull through effectiveness, hedge ratio performanceHours and Work ScheduleHours per Week: 40Work Schedule: Monday-Friday Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.Why Work for UsAt Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth.Equal Employment OpportunityCitizens, its parent, subsidiaries, and related companies provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability or perceived disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague's or a dependent's reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.Equal Employment and Opportunity Employer/Disabled/VeteranCitizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.

Keywords: Citizens, Garland , Capital Markets Mortgage Senior Pipeline Quant Trader, Other , Sachse, Texas

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