Senior Executive – Director of MSR Acquisition and Trading

BSI Financial Services; Irving (TX); On-site; USD 100,000 - 150,000; Full time

Benefits offered by this job

Competitive compensation

Full benefits package including medical, dental, and vision

100% company-paid life insurance and disability coverage

401(k) with company matching

17 days PTO and 9 company paid holidays

Job summary

BSI Financial Services is looking for a Senior Executive for Capital Markets and MSR Acquisition and Trading in Irving, Texas. This full-time role will oversee the acquisition of Mortgage Servicing Rights, developing and utilizing models for cash flow analysis and providing support to investment partners. The ideal candidate will have extensive experience in trading MSRs, hold a degree in finance, and possess excellent communication and analytical skills. Competitive compensation and a full benefits package are included.

Qualifications

• Extensive experience trading and valuing MSRs across various markets.
• Experience managing and transacting on Agency co-issue platforms.
• Proficient with third-party software used to value MSRs.

Responsibilities

• Oversee and manage all aspects related to the acquisition of Mortgage Servicing Rights.
• Develop and utilize cashflow models to support MSR acquisition.
• Provide analysis and support to business and investment partners.

Skills

Extensive knowledge and experience trading MSRs

Excellent oral and written communication skills

Excellent computer skills, especially in MS Excel

Ability to effectively solve problems

Attention to detail and high accuracy

Education

Bachelor’s degree in Finance or other quantitative fields

Master’s degree preferred

Tools

MIAC WinOAS software

Microsoft Excel

Job description

Job Summary/Objective

Senior executive role for Capital Markets and MSR Acquisition and Trading is responsible for overseeing and managing all aspects related to the acquisition of Mortgage Servicing Rights from MSR sellers.

Essential Functions

• Develop, maintain, enhance and utilize proprietary and third‑party MSR cashflows models to support bidding and acquisition of MSRs.
• Map loan‑level data and run cash flow models to produce valuation reports.
• Provide analysis and analytic support to key business and investment partners, leveraging existing valuation tools and methodologies.
• Work with third‑party brokers, proprietary sellers, and other bulk and flow sellers of MSRs to prepare timely valuation assessments for Investment Committee consideration and acquisition before bidding due dates.
• Work with BSI’s MSR investment partners to provide MSR cashflow analysis, market color, and support to facilitate their investment decision process when considering buying MSRs.
• Produce reports used by the Investment Committee and others to assess appropriate pricing and risk for MSR portfolios.
• Produce asset and liability attribute analysis and similar reporting as requested.
• Initiate adverse scenario analysis, assumption review, and prepayment analysis to assess and highlight portfolio performance and risks.
• Provide analytical support for internal and external potential excess spread investment partners to support growth in BSI’s MSR investment partnerships.
• Research and obtain information on current trends and developments in MSR modeling and MSR markets to ensure BSI methodologies are best practice and in line with other market participants.

Competencies/Skills

• Extensive knowledge and experience trading MSRs, Mortgage‑Backed Securities and/or whole loans.
• Knowledge and experience building and monitoring pricing grids for conventional flow acquisitions and Ginnie Mae PIIT transfers.
• Knowledge and relationships with participants in the MSR market to enable growth in MSR acquisitions.
• Knowledge of mortgage products, terminology and trading protocols.
• Attention to detail, high accuracy, and ability to review self‑created work.
• Excellent oral and written communication skills.
• Familiarity with third‑party MSR cashflow models, especially MIAC WinOAS software.
• Excellent computer skills, especially in MS Excel.
• Comfortable performing research and analysis.
• Ability to effectively solve problems.
• Time management and ability to work within strict deadlines.
• Maintain high degree of confidentiality.
• Can work independently and collaboratively with others (team oriented).

Work Environment

This job operates in a professional office environment, using standard office equipment such as computers, phones, photocopiers, filing cabinets, and fax machines. Ability to sit for long periods of time is essential.

Position Type and Expected Hours of Work

Full‑time position. Days and hours: Monday through Friday, 8:00 a.m. to 5:00 p.m.; additional hours may be required.

Education and Experience

• Extensive experience trading and valuing MSRs across auction markets, flow markets and proprietary MSR acquisition markets.
• Experience managing and transacting on the Agency co‑issue platforms, including SMP, CIX and CRX.
• Knowledge and experience related to excess spread transaction structuring for Fannie Mae, Freddie Mac, Ginnie Mae and non‑agency loans.
• Proficient with PC and related software such as Excel and Word.
• Proficient with third‑party software used to value MSRs.
• Bachelor’s degree in Finance or other quantitative fields required; master’s degree preferred.

Other Duties

This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

What’s in it for you?

• Competitive compensation and full benefits package including medical, dental, and vision.
• 100% company‑paid life insurance and disability coverage.
• 401(k) with company matching.
• 17 days PTO (increases with tenure) and 9 company paid holidays.
• Professional but fun, casual work environment and great team culture.

EEO Statement

We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status, or any other characteristic protected by law.