Department: ALM Strategy Group
Reports To: Managing Director, ALM Strategy Group

Qualifications:  ALM Firstis a leading, trusted strategic partner for financial institutions, offering an array of advisory services. This is a unique opportunity to help us grow our Mortgage Pipeline Hedging and Mortgage Secondary services. Managing the hedge process, client communication, and quantitative analysis are key aspects to the role. Future growth and development are in helping our team broaden our services, which includes full-service secondary mortgage market solutions, securitization models for lenders, enhancements of current hedging processes, and staying abreast of selling/servicing guidelines.

Experience:

  • Secondary marketing – mortgage loan sales
  • Managing and working a secondary marketing risk management process
  • Communication and/or hedge account management
  • Experience with TBA MBS (mortgage-backed securities) and loan securitization

Responsibilities:

  • Client service and account management (communicating results, performance)
  • Communication with sales (new clients)
  • Managing outstanding hedges ($2B in hedged loans)
  • Quantification risk modeling (hedge ratios, hedging daily process)
  • Help manage and develop the product (looking to grow client base)
  • Build quantitative analytics and trading/hedging strategies in mortgage pipelines
  • Enhance P/L attribution reporting, pull through modeling techniques and improve hedge model effectiveness
  • Develop trading model and hedging strategies used by clients for pricing and hedging
  • Build mortgage servicing rights and loan valuation model
  • Build cash management tool to project balance sheet liquidity for retain vs. release strategies
  • Build portfolio analytics assessing risk and return profiles for various rate scenarios and quantifying risk through statistical modeling such as VaR
  • Perform liquidity analysis, mortgage servicing rights valuation, what-if scenario analyses, and ad hoc reporting 

ALM FIRST STATEMENT ON DIVERSITY & INCLUSION

ALM First believes deeply in equality and strongly supports diversity and inclusion. Many of the clients we serve were founded to provide equal economic opportunities for their communities. By providing fair and affordable access to credit, our depository clients are helping individuals and families of modest means buy their first homes and open or maintain their small businesses. We will continue our commitment to financial inclusion for all Americans as we serve the clients providing critical financial resources to the communities that need them most. We are always looking at how we can improve our own policies and practices to encourage diversity through the use of an Employee Task Force.