Mission Servicing Residential AVP Portfolio Manager

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Overview

We are seeking to fill the role of AVP Portfolio Manager for Mission Servicing Residential. The ideal candidate possesses strong expertise in financial engineering, including cash flow modeling, OAS valuation and duration / convexity analysis. A solid understanding of statistical modelling, such as prepayment analysis and interest rate modeling, is essential. Furthermore, a strong foundation in fixed-income modeling and investments in general is highly desirable.

The Portfolio Management Team is responsible for the development and implementation of investment strategies in the residential mortgage sector with a focus on Mortgage Servicing Rights (MSR). We are looking for an AVP to join our growing team and influence investment and hedging decision making through financial modeling and statistical analysis. The AVP Portfolio Management will contribute to investment portfolio and business performance analytics, pricing strategies, and interest rate risk hedging for MSR and other mortgage-related assets.

Responsibilities

• Manage monthly / quarterly business performance reporting suite by utilizing Excel, VBA, Bloomberg and SQL. Conduct attribution analysis on business performance (e.g. volume, pricing, P&L, etc.). Identify key performance drivers for month-over-month changes.
• Maintain pricing for MSR flow acquisition by running MSR valuations. Provide technical support to Transaction Management and / or external seller partners on pricing reconciliation and monthly settlement.
• Conduct MSR flow pricing elasticity and competitiveness analysis. Make recommendations on optimal pricing strategies. Implement pricing updates when necessary.
• Assist in the development and implementation of interest rate risk hedging strategies. Monitor market movements and hedge performance on a daily basis. Attribute P&L and identify rebalancing opportunities.
• Evaluate MSR bulk acquisition opportunities. Maintain MSR valuation assumptions. Make suggestions on assumption changes based on new developments in the mortgage market.
• Generate month-end position data tapes and conduct data audits by running SQL.
• Collaborate with Business Intelligence team to continuously automate the current processes by improved design and by leveraging programming languages such as VBA and Python.
• Run back-testing on statistical models (i.e. interest rate and prepayment models), regularly monitor model performance and identify new trends. Make tuning adjustments when necessary.
• All other duties as assigned.

Qualifications

Required Skills and Qualifications

Desired Skills And Qualifications

About Remote Employment

We provide the necessary equipment; all you need is a quiet, private place in your home and a high-speed internet connection with a minimum network download speed of 25 megabits per second (MBPS) and a minimum network upload speed of 10 MBPS.

Essential Functions

Basic job duties an employee must be able to perform with, or without, reasonable accommodation.

Work Conditions

Able to attend work and be productive during normal business hours and to work early, late or weekend hours as needed for successful job performance. Overtime required as necessary.

Physical Demands

Equal Employment Opportunity

Mission Servicing Residential , its affiliates and subsidiaries, is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, disability, protected veteran status, national origin, sexual orientation, gender identity or expression (including transgender status), genetic information or any other characteristic protected by applicable law. #J-18808-Ljbffr