Secondary Marketing Hedging and Trading Leader

at  City National Bank

SKILLS AND KNOWLEDGE

• Residential Mortgage within an OCC/FDIC/Federal Reserve/CFPB US Bank.
• Investor Delivery/Fulfillment
• Contract Finance
• Transaction Management
• Secondary Marketing/Capital Markets
• Derivative trading assets/instruments
• Integral knowledge of GSE’s operating model and capital markets activities
• Whole loan purchases and sales with varying Rep & Warrant structures along with diverse set of buyers

COMPENSATION

Starting base salary: $127,626 - $237,014 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

• To be considered for this position you must meet at least these basic qualifications

The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

• Key leader in P&L management, trading strategies, held for sale accounting / Fair Value, and investor delivery / development. Coordinates and relies on strong working relationships with internal/external stakeholders, as well as close working relationship with Middle Office Leader.
• Works closely with traders, and risk managers to centralize assumptions with respect to pricing, trading, and hedging considerations for alignment to Secondary’s policies, processes and procedures.
• Provides daily commentary and metrics/valuations on At - Risk trading position. Fair Value accounting changes and overall mark to market process/strategy.
• Single Point of Contact for all investors, counterparties around the day to day running of Secondary Marketing. Including at risk trade limit reporting, mark to market outputs as defined/managed by the Secondary Marketing Manager and/or Traders.
• Integral leader within the business unit working with 2nd LOD partners for any all-communication needs, reporting, and strategy metrics.
• Leader that is executing approved trading strategies and acquisition loan strategies that support bank/business goals/needs.
• Single point of contact for executive report outs in coordination and partnering with Secondary Marketing Manager.