CFA Institute
Secondary Marketing Hedging and Trading Leader
CFA Institute, Miami, Florida, us, 33222
SECONDARY MARKETING HEDGING AND TRADING LEADER
WHAT IS THE OPPORTUNITY?
Responsible for executing loan sale, pricing, trading and investor delivery at the direction of secondary marketing initiatives and corporate strategies. Core leader with the ability to take discrete and broad qualitative/quantitative inputs and outputs and develop risk management strategies, trading and hedging strategies on loans held for sale product. Responsible for alignment of investors and strategies to support/effect CNB's mortgage transformation and go-forward strategies. SPOC for treasury, finance, and accounting for all fair value reporting, valuation, coordination of risk reports and assessments from the front office and back office of Secondary Marketing.
What you will do
Key leader in P&L management, trading strategies, held for sale accounting/Fair Value, and investor delivery/development. Coordinates and relies on strong working relationships with internal/external stakeholders, as well as a close working relationship with Middle Office Leader.Works closely with traders and risk managers to centralize assumptions with respect to pricing, trading, and hedging considerations for alignment to Secondary's policies, processes and procedures.Provides daily commentary and metrics/valuations on At-Risk trading position. Fair Value accounting changes and overall mark to market process/strategy.Single Point of Contact for all investors and counterparties around the day-to-day running of Secondary Marketing, including at-risk trade limit reporting and mark to market outputs as defined/managed by the Secondary Marketing Manager and/or Traders.Integral leader within the business unit working with 2nd LOD partners for all communication needs, reporting, and strategy metrics.Leader executing approved trading strategies and acquisition loan strategies that support bank/business goals/needs.Single point of contact for executive report outs in coordination and partnering with Secondary Marketing Manager.
Must-Have*Bachelor's Degree or equivalent7-10 years broad-based residential mortgage trading, risk management, and loan settlement processes. Including but not limited to capital markets experience with investors/counterparties and business partners.
Skills and KnowledgeResidential Mortgage within an OCC/FDIC/Federal Reserve/CFPB US Bank.Investor Delivery/FulfillmentContract FinanceTransaction ManagementSecondary Marketing/Capital MarketsDerivative trading assets/instrumentsIntegral knowledge of GSE's operating model and capital markets activitiesWhole loan purchases and sales with varying Rep & Warrant structures along with a diverse set of buyers
Compensation
Starting base salary: $127,626 - $237,014 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
*To be considered for this position you must meet at least these basic qualifications
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues.
ABOUT CITY NATIONAL
City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.
*City National Bank does business in Miami and the state of Florida as CN Bank.
For more information about City National, visit cnb.com.
EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATIONCity National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by the laws or regulations in the locations where we operate or in our Code of Conduct.
If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via email or leave a message at (213) 673-9139. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.#J-18808-Ljbffr
WHAT IS THE OPPORTUNITY?
Responsible for executing loan sale, pricing, trading and investor delivery at the direction of secondary marketing initiatives and corporate strategies. Core leader with the ability to take discrete and broad qualitative/quantitative inputs and outputs and develop risk management strategies, trading and hedging strategies on loans held for sale product. Responsible for alignment of investors and strategies to support/effect CNB's mortgage transformation and go-forward strategies. SPOC for treasury, finance, and accounting for all fair value reporting, valuation, coordination of risk reports and assessments from the front office and back office of Secondary Marketing.
What you will do
Key leader in P&L management, trading strategies, held for sale accounting/Fair Value, and investor delivery/development. Coordinates and relies on strong working relationships with internal/external stakeholders, as well as a close working relationship with Middle Office Leader.Works closely with traders and risk managers to centralize assumptions with respect to pricing, trading, and hedging considerations for alignment to Secondary's policies, processes and procedures.Provides daily commentary and metrics/valuations on At-Risk trading position. Fair Value accounting changes and overall mark to market process/strategy.Single Point of Contact for all investors and counterparties around the day-to-day running of Secondary Marketing, including at-risk trade limit reporting and mark to market outputs as defined/managed by the Secondary Marketing Manager and/or Traders.Integral leader within the business unit working with 2nd LOD partners for all communication needs, reporting, and strategy metrics.Leader executing approved trading strategies and acquisition loan strategies that support bank/business goals/needs.Single point of contact for executive report outs in coordination and partnering with Secondary Marketing Manager.
Must-Have*Bachelor's Degree or equivalent7-10 years broad-based residential mortgage trading, risk management, and loan settlement processes. Including but not limited to capital markets experience with investors/counterparties and business partners.
Skills and KnowledgeResidential Mortgage within an OCC/FDIC/Federal Reserve/CFPB US Bank.Investor Delivery/FulfillmentContract FinanceTransaction ManagementSecondary Marketing/Capital MarketsDerivative trading assets/instrumentsIntegral knowledge of GSE's operating model and capital markets activitiesWhole loan purchases and sales with varying Rep & Warrant structures along with a diverse set of buyers
Compensation
Starting base salary: $127,626 - $237,014 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
*To be considered for this position you must meet at least these basic qualifications
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues.
ABOUT CITY NATIONAL
City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.
*City National Bank does business in Miami and the state of Florida as CN Bank.
For more information about City National, visit cnb.com.
EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATIONCity National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by the laws or regulations in the locations where we operate or in our Code of Conduct.
If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via email or leave a message at (213) 673-9139. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.#J-18808-Ljbffr