Agency Mortgages – Prepayment – Associate

Agency Mortgages – Prepayment – Associate

Requirements

• Minimum three years of experience in mortgage market as trader/portfolio manager, prepayment emphasis preferred, or minimum five years of experience in fixed-income analytics with demonstrated knowledge of prepayment modeling or empirical finance methods
• Strong written and verbal communication skills with ability to present persuasively to both expert and lay audiences
• Formal education in quantitative field and programming experience preferred
• Familiarity and comfort with handling large data sets and data studies in R, Python, or other programming language

Responsibilities

• Identify persistent trends in prepayment behavior of both borrowers and originators to develop prepayment themes in coming months
• Forecast short-term agency prepayments across vintage-coupon cohorts and assemble peer forecasts, producing monthly commentary with implications for future behavior
• Analyze secondary market valuations and recommend trades based on prepayment themes
• Assist with ad hoc investigations of collateral affecting existing or potential holdings, including TBA deliverable analysis
• Maintain active knowledge of rules, regulations and policy initiatives of FHFA, FHA, Federal Reserve, and other relevant entities
• Track new or potential policy developments affecting the agency mortgage market, including implications for mortgage valuations
• Understand origination business processes and anticipate how changes in them alter prepayment behavior
• Forecast application and sales volumes, compare and contrast housing indicators and prepayments
• Keep diary of industry activity, reviewing industry newsletters and other sources

Preferred Qualifications

• Prepayment emphasis preferred in mortgage market experience
• Formal education in quantitative field and programming experience preferred