Tuesday, October 14, 2008

Trader / Analyst

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Assist in the daily management and monitoring of various activities within the Secondary Marketing Department. Specifically the daily hedging activities associated with hedging rate locked and closed loan positions, pipeline performance (gain/loss) analysis, creation of management reports as required, ad hoc analysis as required in addition to the selling of mortgages to various investors /conduits.

Ensure all Pipeline hedging operations are carried out in compliance with a risk averse Secondary Marketing Strategy.
Maintain trade and hedging policies for the Secondary Marketing Department that reduce interest rate risk and minimize hedging expense.
Assist in the development and maintenance of the pipeline hedging system (QRM)
Formulate loan sale strategies designed to enhance departmental profitability and minimize rate risk for the bank.
Analyze and develop new contacts in the Secondary Market, including buyers and sellers, in order to maintain competitive loan pricing for the Production group.
Assist in maintaining and improving the best-execution analysis and models
Develop and maintain fallout-tracking models

Bachelors or (preferably) Masters degree in Finance/Accounting, Mathematics or M.I.S., or similar area of study.
Strong analytical, quantitative and computer skills
Highly detail oriented
Well versed in the use of personal computers and software programs, specifically spreadsheet and database software (Microsoft Excel/Access).
Excellent communication skills necessary with the ability to interact with all levels of personnel

2 – 3 years of hedging/pipeline experience or knowledge of a Trade
QRM experience
Requirements See Above / gj-hh

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