Mortgage Analyst Trader Lead Portfolio

Mortgage Analyst Trader Lead Portfolio

Requirements

• Bachelor’s degree in business or mathematical field or related field
• Minimum of 5 years’ buy or sell-side capital markets and/or fixed income experience with extensive knowledge of mortgage backed securities
• Strong knowledge of pertinent word processing, email, spreadsheet and presentation software

Responsibilities

• Research and analyze saleable mortgage loan pipeline; review daily rate locked loan position and assess appropriate loan coverage amounts.
• Support residential mortgage servicing valuation (OMSR) framework using Mortgage Servicing Model (QRM/QSS).
• Assist in managing Mortgage Division’s rate locked, salable pipeline within risk and trade limits.
• Execute tactical trading, analytics and reporting on the pipeline using Pipeline Management Model (QRM).
• Develop analysis and/or presentations to convey key elements of mortgage pipeline risk, and risk mitigating strategies to senior management.
• Author written commentary on economic, financial markets and regulatory issues and trends affecting management of residential mortgage loan pipeline.
• Present MSR servicing bid valuations on targeted portfolio under guidance of Capital Markers Expert.
• Monitor and understand GSE, GNMA, and other regulatory industry developments, as well as financial markets specific to residential mortgage markets.
• Work with outside parties, including investors, brokers, bankers, rating agencies, lawyers, trustees and other third party vendors to assist in managing the residential mortgage pipeline and portfolios.
• Assist in managing the retained residential mortgage portfolio, which may include coordinating efforts or conducting analyses on Return on Equity (ROE) or Return on Assets (ROA).
• Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite.
• Promote an environment that supports diversity and reflects the M&T Bank brand.
• Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.

Preferred Qualifications

• Master’s degree in Business Administration (MBA) or Chartered Financial Analyst (CFA)
• Prior Mortgage analyst and/or trading experience
• Proficient in use of spreadsheet, database, graphing, presentation and department specific software, with a working knowledge of financial models
• Visual Basic for Applications (VBA) or similar expertise
• Previous experience with Bloomberg/Trade Web and portfolio management/bond modeling software
• Strong analytical skills, including understanding of stochastic model output (i.e. OAS, OAD, OAC) and nuances of interest rate and prepayment modeling
• Proficient in financial products pricing/fair value measurement theory
• Current knowledge of a variety of fixed income instruments, including mortgage backed securities, agency, government, asset and derivatives
• Strong verbal and written communication skills
• Cross-functional collaboration skills
• Detail-oriented
• Strong organizational skills
• Strong project management skills
• Strong problem-solving skills
• Ability to provide guidance to less experienced analysts
• Familiar with relevant GSE/GNMA and other regulatory material