Sunday, April 8, 2012

Secondary Market Trader


OVERALL PURPOSE:
Under the direction of the Secondary Marketing Department Manager, the Secondary Market Trader will be responsible for the design of various loan products. In addition, the assistant trader will have responsibilities in the following areas: pricing loan pipeline, coverage, investor default, product delivery, asset quality, interest rate and basis risk.  Assists in business unit's compliance with applicable laws, regulations, regulatory requirements and Bank policies and procedures, including but not limited to those related to Anti-Money Laundering laws and regulations, Bank Secrecy Act and USA PATRIOT Act.  In addition, this position is responsible for demonstrating the Excellence in Sales/Service (ESS) philosophy by participating in and practicing ESS disciplines and behaviors.

  • Manages the risk inherent in the mortgage banking business including loan pricing, pipeline fallout, forward coverage, investor default, product delivery, asset quality, interest rate and basis risk.
  • Assists in managing the loan portfolio for the bank in terms of product mix, credit quality and yield.
  • Develops and maintains the operational aspects of pricing, delivery, loan exceptions and product development. Develops and enhances various loan products.
  • Performs all other miscellaneous responsibilities and duties as assigned.
 RequirementsMINIMUM QUALIFICATIONS:

  • Education: Minimum B.S. Degree in related field or fields requiring similar mathematical and analytical skills. Background should include probability and statistics and preferably some programming courses.
  • Experience: 3 - 5 year prior professional work experience in mortgage preferred.
  • Technical Skills: High skill level with computer skills to include spread sheets and database programs. Successful candidate will need the necessary skills to master QRM software program.
  • Candidate must have good verbal, written and analytical skills.

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