OTHER

FEED

UNKNOWN

The Assistant Trader is responsible for the design, development and validation of best execution models of Non-Agency products including Jumbo, Agency eligible investment and second homes, closed end second liens and Non-QM mortgages; identification of whole loan trading arbitrage opportunities; assistance in the development and roll-out of non-agency products; data management & analytics and the development of management reporting. Develop an efficient and accurate mechanism to a) identify and divert loans from Agency MBS execution into Non-Agency Whole loans, and b) optimize distribution of Non-Agency products across multiple investors in a way that seamlessly integrates into Capital Markets MTM databases and Pennymac data warehouses to facilitate management, reporting and creation of whole loan offerings.

YEAR

PENNYMAC:
Pennymac is(NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market.  At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey.

Job Overview:
The FVP, Pricing Strategies role supports Agency and Non-Agency whole loan trading activities. The Assistant Trader is responsible for the design, development and validation of best execution models of Non-Agency products including Jumbo, Agency eligible investment and second homes, closed end second liens and Non-QM mortgages; identification of whole loan trading arbitrage opportunities; assistance in the development and roll-out of non-agency products; data management & analytics and the development of management reporting. Responsibilities also include assisting in the creation, distribution and analysis of trade offerings; reconciliation and settlement of whole loan pools; developing, maintaining and monitoring daily pricing of non-agency products; coordination of analysis with multiple departments (e.g. Technology, Sales, Capital Markets); cross-channel non-agency product development and documentation; competitor product and pricing analysis and key corporate initiatives.

A Typical Day:
 <ul style="margin-bottom:0in;margin-top:0px"><li style="margin:0in 0in 0in 0px;font-size:12pt;font-family:'times new roman' , serif">The ideal candidate will possess deep expertise in residential secondary markets, hedging, analytics and whole loan trading</li><li style="margin:0in 0in 0in 0px;font-size:12pt;font-family:'times new roman' , serif">Lead the design and enhancement of best execution models within Pennymac proprietary pricing engines, as well as desktop-based solutions, to optimize the execution of Agency and Non-Agency products through whole loan sales and securitization</li><li style="margin:0in 0in 0in 0px;font-size:12pt;font-family:'times new roman' , serif">Develop an efficient and accurate mechanism to a) identify and divert loans from Agency MBS execution into Non-Agency Whole loans, and b) optimize distribution of Non-Agency products across multiple investors in a way that seamlessly integrates into Capital Markets MTM databases and Pennymac data warehouses to facilitate management, reporting and creation of whole loan offerings</li><li style="margin:0in 0in 0in 0px;font-size:12pt;font-family:'times new roman' , serif">Manage the creation, distribution and execution of whole loan offerings to include loan selection, setting collateral and transaction stipulations, receiving and analyzing investor bids and making best execution recommendations</li><li style="margin:0in 0in 0in 0px;font-size:12pt;font-family:'times new roman' , serif">Lead the design, development and deployment of new mortgage products, including comprehension and documentation of guideline and pricing requirements, as well as testing and building tools to validate the accuracy of all calculations and configurations</li><li style="margin:0in 0in 0in 0px;font-size:12pt;font-family:'times new roman' , serif">Participate and/or lead requirement gathering sessions with stakeholders, walk-throughs with cross-functional teams, and assist in drafting and producing related documentation to successfully deploy new products timely, accurately and efficiently</li><li style="margin:0in 0in 0in 0px;font-size:12pt;font-family:'times new roman' , serif">Design data models to extract data from operational databases and transform the data to easily understood business views </li><li style="margin:0in 0in 0in 0px;font-size:12pt;font-family:'times new roman' , serif">Develop, maintain, and manage advanced reporting, analytics, dashboards and other BI solutions to support whole loan trading and non-agency products</li><li style="margin:0in 0in 0in 0px;font-size:12pt;font-family:'times new roman' , serif">Delivery of key corporate initiatives and demonstrate the ability to collaborate effectively with management and key stakeholders</li><li style="margin:0in 0in 0in 0px;font-size:12pt;font-family:'times new roman' , serif">Demonstrate behaviors which are aligned with the organization’s desired culture and values</li></ul>

What You’ll Bring:
 <ul style="margin-bottom:0in;margin-top:0px"><li style="margin:0in 0in 0in 0px;line-height:115%;font-size:11pt;font-family:'calibri' , sans-serif">Bachelor’s degree with a major in Finance, Actuarial Science, Statistics, Decision Science, Mathematics or Quantitative Analysis</li><li style="margin:0in 0in 0in 0px;line-height:115%;font-size:11pt;font-family:'calibri' , sans-serif">5+ years of experience in residential mortgage finance, preferably with experience in Secondary Marketing or Capital Markets and exposure to Non-Agency/Non-QM mortgage products</li><li style="margin:0in 0in 0in 0px;line-height:115%;font-size:11pt;font-family:'calibri' , sans-serif">Strong quantitative analysis skills and proficiency in statistical analysis, quantitative methods, computational math, and probability distributions.  Direct experience designing and running agency and non-agency whole loan cash flow pricing models, MSR pricing models and structured private label securitization models a plus</li><li style="margin:0in 0in 0in 0px;line-height:115%;font-size:11pt;font-family:'calibri' , sans-serif">Exposure to and working knowledge of mortgage prepayment and credit concepts and conventions</li><li style="margin:0in 0in 0in 0px;line-height:115%;font-size:11pt;font-family:'calibri' , sans-serif">Must be highly proficient in MS Suite, with experience in SQL, data modeling and advanced Excel skills </li><li style="margin:0in 0in 10pt 0px;line-height:115%;font-size:11pt;font-family:'calibri' , sans-serif">Bloomberg, Intex, Snowflake and Rating Agency model experience preferred</li></ul>

Why You Should Join:
As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Together, 4,000 Pennymac team members across the country are guided by our core values: to be Accountable, Reliable and Ethical in all that we do. Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth and to fostering an equitable and inclusive environment, where all employees and customers feel valued, respected and supported.  Benefits That Bring It Home: Whether you're looking for flexible benefits for today, setting up short-term goals for tomorrow, or planning for long-term success and retirement, Pennymac's benefits have you covered. Some key benefits include: <ul style="margin-top:0;margin-bottom:0"><li style="font-size:10pt;font-family:'montserrat' , sans-serif;color:#666666;font-weight:400">Comprehensive Medical, Dental, and Vision</li><li style="font-size:10pt;font-family:'montserrat' , sans-serif;color:#666666;font-weight:400">Paid Time Off Programs including vacation, holidays, illness, and parental leave </li><li style="font-size:10pt;font-family:'montserrat' , sans-serif;color:#666666;font-weight:400">Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)</li><li style="font-size:10pt;font-family:'montserrat' , sans-serif;color:#666666;font-weight:400">Retirement benefits, life insurance, 401k match, and tuition reimbursement </li><li style="font-size:10.5pt;font-family:'roboto' , sans-serif;color:#202124;font-weight:400">Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships</li></ul> To learn more about our benefits visit: <a class="oiM5sf" href="https://pennymacnews.page.link/benefits" rel="noopener nofollow noreferrer" target="_blank">https://pennymacnews.page.link/benefits</a> For residents with state required benefit information, additional information can be found at: <a href="https://www.pennymac.com/additional-benefits-information" rel="noopener nofollow noreferrer" target="_blank">https://www.pennymac.com/additional-benefits-information</a> Compensation: Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below:<ul style="margin-top:0;margin-bottom:0"><li style="font-size:10pt;font-family:'montserrat' , sans-serif;color:#666666;font-weight:400">Lower in range - Building skills and experience in the role</li><li style="font-size:10pt;font-family:'montserrat' , sans-serif;color:#666666;font-weight:400">Mid-range - Experience and skills align with proficiency in the role </li><li style="font-size:10pt;font-family:'montserrat' , sans-serif;color:#666666;font-weight:400">Higher in range - Experience and skills add value above typical requirements of the role </li></ul> Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance.  

Salary:
$110,000 - $170,000

Work Model:
OFFICE

Pennymac

FVP, Whole Loan Trading

Actuarial Skills

Analysis Skills

Bid Analysis

Business Intelligence

Capital Markets

Cash Flow

Cross-Functional

Data Analysis

Data Management

Data Modeling

Data Warehousing

Desktop PC

Documentation

Finance

Financial Services

Home Liens

Industry/Trade Analysis

Investment Management

Loans

Management Reporting

Marketing

Mathematics

Mortgage

Mortgage Lending

Mortgage-Backed Securities

Pricing

Product Development

Product Documentation

Product Pricing

Product/Service Launch

Quantitative Analysis

Reconciliation

Reporting Dashboards

Requirements Management

Residential Mortgages

SQL (Structured Query Language)

Sales

Secondary Markets

Statistics

Team Player

Technology Sales

Test Tools

Time Management

[AW]-iCims

Only Process bids and trade execution, which includes: • Monitoring incoming bid tapes and tape cracking process • Confirming bids are correct and sent on time • Processing trade confirmations • Working directly with clients to resolve any bidding or trading issues. What youll need: 3+ years of related experience in Residential Mortgage Lending, Capital Markets or similar field, or 1+ years of related experience with an advanced degree, such as MBA or Masters in Finance, Master or similar field.

Job Title: AVP, Trader (Bulk Desk)
Location: CA - Westlake VillageWhat youll do:The AmeriHome AVP, Trader (Bulk Desk) is responsible for the firm's bidding and trading operational workflows for the correspondent bulk acquisition channel. Primary responsibilities include managing the tape cracking process, ensuring bids are sent on time, the confirmation process and day over day monitoring and reporting activities. The ideal candidate will have multiple years of both mortgage capital markets and client facing experience or have an advanced degree in a related field such as a master's in finance or MBA. This position offers a great opportunity to expand on your knowledge of mortgage loan pricing and execution strategies at the top bank owned originator in the country.Location: Westlake Village, CAOnly Process bids and trade execution, which includes:• Monitoring incoming bid tapes and tape cracking process
• Confirming bids are correct and sent on time
• Processing trade confirmations
• Working directly with clients to resolve any bidding or trading issuesAnalyze bid and margin performance across multiple dimensions.
Report bidding and trade execution performance.
Accountable for maintaining client relationships working closely with internal sales team.What youll need:3+ years of related experience in Residential Mortgage Lending, Capital Markets or similar field, or 1+ years of related experience with an advanced degree, such as MBA or Masters in Finance, Master or similar field.
Bachelors degree in related field required.
Intermediate knowledge of residential mortgage industry in Correspondent or Retail Lending including; sales, operations, capital markets and/or other residential mortgage products and services.
Intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
Advanced Excel.
Advanced speaking and writing communication skills.Compensation:
Salary range for new hires is generally $107,395.00 - $126,000.00 for Westlake Village, CA. Salary amount is determined by specific job location. In addition, the role may be eligible for annual bonus/incentives earned.Benefits you'll love:
We offer all the important things youd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!About the company:
AmeriHome Mortgage is a Western Alliance Bank company. Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.

Trading Jobs in Ventura, CA

Resume Resources

Get noticed by top employers!

Trading Jobs in Ventura, CA

FVP, Whole Loan Trading Pennymac

AVP, Trader (Bulk Desk) Amerihome Mortgage Company, LLC

Resume Resources