Senior Mortgage Secondary Markets Leader

City National Bank

Jackson (MS)

On-site

USD 196,000 - 364,000

Full time

14 days+

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Benefits offered by this job

Healthcare coverage

401(k) company matching

Tuition reimbursement

Career development resources

Paid time off

Job summary

City National Bank is seeking a senior leader for Mortgage Banking Secondary Marketing to oversee product design/guidelines, pricing, hedging and trading of Held for Sale and Held for Investment residential loans. The role owns segment P&L for origination, processing, sale, securitization and servicing, collaborating with finance, data, operations, legal and risk teams.

You will drive new programs, optimize profitability, and ensure best execution with Agencies and private investors, while

Qualifications

Bachelor's Degree or equivalent.
20+ years of experience in residential mortgage secondary marketing.
10+ years with Fannie/Freddie affordability programs preferred.
15+ years with delivery to Fannie Mae/Freddie Mac.
10+ years with sales of non-Agency / non-QM loans.
10+ years 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 with high liquidity and sound execution.
Optimize profitability through best execution analysis (product, pricing, counterparty, and ops).
Execute with best-in-class benchmarks to Agencies and private investors.
Coordinate with Treasury on balance sheet management and hedging as needed.
Provide guidance on mortgage loan programs and keep current with market changes.
Develop liquidity options for on- and off-balance sheet structures.
Oversee MSR sales and related regulatory guidance.