Senior Manager, Mortgage Secondary Markets & Hedging

City National Bank; Jacksonville (FL); On-site; USD 196,000 - 364,000; Full time

Benefits offered by this job

Healthcare coverage

401(k) plan

Tuition Reimbursement

Paid time off

Career development

Employee resource groups

Job summary

City National Bank in the United States seeks a Manager, Mortgage Banking Secondary Marketing to lead all aspects of product design, pricing, hedging, and trading for Held for Sale and Held for Investment residential mortgage loans. This role owns segment P&L across origination, processing, sale, securitization, and servicing.

Responsibilities include developing investor relationships, optimizing profitability through best execution, coordinating with Treasury on balance sheet management, and

Qualifications

• Bachelor's degree or equivalent is required.
• 20+ years of experience in residential mortgage secondary marketing.
• 10+ years of experience with Fannie/Freddie affordability programs is strongly preferred.
• 15+ years of experience with delivery to Fannie Mae/Freddie Mac.
• 10+ years of experience with sales of non-Agency/non-QM loans.
• 10+ years of experience with structuring private-label residential mortgage-backed securities.
• 15+ years of mortgage pricing engine software implementation experience.

Responsibilities

• Develop and lead mortgage secondary market activities and initiatives.
• Develop and manage product, investor, trading/counterparty relationships.
• Identify and develop new investors that align with high liquidity and safe/sound banking execution.
• Optimize profitability through best execution analysis (product, pricing, counterparty and operational in nature).
• Consistently execute with best-in-class benchmarks to Agencies and private investors.
• Work closely with the Residential Lending Product and Pricing team to create and implement pricing strategies and production reporting.
• Coordinate with Treasury on balance sheet management and hedging as needed.
• Execute Fannie Mae pooling commitments and Fannie private investor cash loan sales; oversee sales/pools with Post-Closing/Shipping and Mortgage Accounting.
• Provide guidance on mortgage loan programs and market changes.
• Develop liquidity options in partnership with Treasury for on/balance sheet and off-balance sheet structures.
• Develop loan sale, retained, and released strategies for MSRs in light of regulatory guidance.

Skills

Leadership

Collaboration

Data analysis

Critical thinking

Education

Bachelor's Degree or equivalent

Job description

City National Bank in the United States seeks a Manager, Mortgage Banking Secondary Marketing to lead all aspects of product design, pricing, hedging, and trading for Held for Sale and Held for Investment residential mortgage loans. This role owns segment P&L across origination, processing, sale, securitization, and servicing.

Responsibilities include developing investor relationships, optimizing profitability through best execution, coordinating with Treasury on balance sheet management, and