Director, Non Agency RMBS Trader

Description

POSITION TITLE: Director, Non-Agency RMBS Trader

Position Summary:

The Onity Capital Markets Trading team is seeking an individual to lead our Non-Agency Trading initiatives. This person will report to the VP, Capital Markets Trading and involves building and managing pricing models, developing and enhancing rate sheets, executing WL and RMBS trading & hedging strategies among other responsibilities. The candidate will work closely with team members to optimize existing Agency and Non-Agency strategies, manage interest rate and credit risks, and contribute to revenue generating ideas. The successful candidate will have a strong understanding of Capital Markets and the Residential Mortgage Industry. This role provides an opportunity to be part of a fast-paced, dynamic and collaborative team.

Key Responsibilities:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily

Develop non-agency execution pricing models, margin management processes, and pipeline hedging frameworks for new products, including non-QM loans, second liens, and proprietary reverse mortgage products

Build strong relationships with Broker Dealers and RMBS market participants to improve product liquidity across Flow, Bulk, or Securitization executions

Support existing Traders with MBS and HMBS BWICs, Cash Window Sales, and other WL Sales

Act as a liaison between leadership, team members, internal teams, vendors, and external trade desks to ensure seamless operations and effective communications

Design, build, and maintain non-agency rate sheet models and RMBS trading & hedging programs to provide meaningful insights and recommendations to internal teams

Enhance reports used to monitor daily position & activity, ensuring an accurate pipeline and ability to provide detailed revenue attributions

Create and maintain comprehensive market analytics to monitor industry trends, including volumes, market share, and prepayment and delinquency rates

Highlight relative value opportunities to the team using both fundamental and technical market insights

Ensure robust trading & hedging management by adhering to policies, procedures, and controls

Qualifications:

To perform this job successfully, an individual must have the following education and/or experience:

Bachelor’s degree required with focus in Finance, Economics, Mathematics, Statistics or a related field preferred

3+ years of experience in secondary marketing, trading, or capital markets, with a specific focus on RMBS, ABS, MBS, HMBS or related financial instruments

Experience in Second Liens and Proprietary Reverse is highly desirable Strong analysis capabilities, with a track record of building and using analytical tools to drive decision-making

Strong technical skills in Microsoft Excel (advanced) and Bloomberg, experience with SQL or Python programming preferred

Strong relationship management skills with the ability to interface confidently with internal & external parties

Demonstrated and proven ability to multi meet deadlines in a fast-paced and dynamic environment

Proven communication skills up to and including C-Suite level presentations

Self-motivated, capable of working independently

Knowledge of Compass, MIAC, QRM, Baseline, New View, Bloomberg, and Intex preferred

Training & Licensing Requirements:

Must pass the Company’s Background Screening process prior to beginning employment. Additionally, as a condition of employment, you may be required to pass client-specific background check requirements or Federal/State licensing requirements, if applicable.

The salary range for this position is expected to be $170,000 – $190,000 per year, depending on geographic location, experience, and other qualifications of the successful candidate. This position is also eligible for annual bonus based on performance and subject to the terms of the Company’s applicable plans.

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