Senior Mortgage Secondary Markets Leader

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

Benefits offered by this job

Healthcare benefits

401(k) matching

Job summary

City National Bank is seeking a Senior Manager of Mortgage Banking Secondary Marketing to oversee all aspects of product, pricing, hedging, and trading for Held for Sale and Held for Investment residential loans. You will own segment P&L for origination through servicing and collaborate with finance, data, operations, legal, and risk teams.

Responsibilities include leading secondary market initiatives, managing investor/trading relationships, developing new liquidity sources, and coordinating

Qualifications

• Bachelor's degree or equivalent.
• 20+ years of experience in residential mortgage secondary marketing.
• 10+ years with Fannie/Freddie affordability programs such as Home Ready or Home Possible is strongly preferred.
• 15+ years of experience with delivery to Fannie Mannie/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 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.
• Coordinate with Treasury on balance sheet management and hedging as needed.

Skills

Cross-functional collaboration

Leadership

Data analysis

Critical thinking

BSA/AML compliance

Education

Bachelor's Degree or equivalent

Tools

Mortgage pricing engine software

Job description

City National Bank is seeking a Senior Manager of Mortgage Banking Secondary Marketing to oversee all aspects of product, pricing, hedging, and trading for Held for Sale and Held for Investment residential loans. You will own segment P&L for origination through servicing and collaborate with finance, data, operations, legal, and risk teams.

Responsibilities include leading secondary market initiatives, managing investor/trading relationships, developing new liquidity sources, and coordinating