VP, HEDGING MANAGER OF SECONDARY MARKETS
On-sitePittsburgh, Pennsylvania, United States
Job Summary
Manage and analyze the risk framework of the HFS mortgage pipeline, applying hedging instruments to optimize returns and P&L volatility. Develop MSR hedging and valuation frameworks using options, TBAs, swaps, and Eurodollars while calibrating modeling parameters for convexity risk. Build dynamic risk measurement and reporting packages to support capital markets activities and P&L tracking. Coordinate monthly market-to-market profitability reviews with Finance and review vendor models for hedge services. Implement policies within the ALCO risk control framework and apply advanced analytics for pricing analysis and market share studies. This role supports the Manager of Capital Markets in secondary marketing functions including best execution, specified pools trading, and MBS pooling.
Required Qualifications
- BA or BS
- 5 years of job related experience
- Excellent communication skills, both written and verbal
- Excellent management skills
- Excellent project management skills
- Detail-oriented
- Ability to work and multi-task in a fast paced environment
- Excellent organizational, analytical and interpersonal skills
- Strong knowledge of secondary residential markets
- Strong knowledge of interest rates
- Strong knowledge of derivatives
- Strong knowledge of options trading
- Strong knowledge of modeling
- Strong knowledge of hedging mortgages
- Strong knowledge of MSR
- Strong knowledge of MBS trading
- Strong knowledge of best execution
- Strong knowledge of specified pools
- Security Clearance Required: No
- Visa Candidate Considered: No
Hiring someone like this?
Get your role in front of qualified candidates on Sorce.