Senior Mortgage Secondary Markets Leader

City National Bank; Newark (DE); On-site; EUR 174,000 - 323,000; Full time

Benefits offered by this job

Healthcare

401(k) match

Tuition Reimbursement

Paid Time Off

Fertility benefits

Career Development

Diversity & Inclusion

Job summary

City National Bank is seeking a senior leader for Mortgage Banking Secondary Marketing to oversee product design, pricing, hedging, and trading of Held for Sale and Held for Investment residential mortgage loans. You will manage segment P&L and coordinate with US Mortgage Banking and Treasury to optimize liquidity and profitability.

The role involves building and managing relationships with investors and counterparties, executing pooling and sales strategies, and ensuring compliance with

Qualifications

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

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 safe execution.
• Optimize profitability through best execution analysis (product, pricing, counterparty and operational).
• Consistently execute with best-in-class benchmarks to Agencies and private investors.
• Coordinate with Treasury on balance sheet management and hedging as needed.
• Execute Fannie Mae pooling commitments and private investor cash loan sales.
• Provide guidance on mortgage loan programs and market changes.

Skills

Collaboration

Leadership

Data analysis

Critical thinking

Education

Bachelor's degree or equivalent

Job description

City National Bank is seeking a senior leader for Mortgage Banking Secondary Marketing to oversee product design, pricing, hedging, and trading of Held for Sale and Held for Investment residential mortgage loans. You will manage segment P&L and coordinate with US Mortgage Banking and Treasury to optimize liquidity and profitability.

The role involves building and managing relationships with investors and counterparties, executing pooling and sales strategies, and ensuring compliance with