Job Details

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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

• Strong academic background in a quantitative field such as mathematics, statistics, engineering, physics or economics.
• Excellent knowledge of fixed-income investments and interest rate derivatives.
• Programming skills e.g. Excel, VBA, SQL, Python.
• Strong problem-solving skills, including ability to formulate solutions to non-routine problems.
• Self-motivated and capable of working independently.
• Strong attention to detail.
• A demonstrated and proven ability to multi-task and meet deadlines in a fast-paced, deadline-driven and constantly changing environment.

Desired Skills And Qualifications

• Master's degree with at least 2 years or bachelor's degree with at least 4 years of related experience.
• Experience in prepay/default risk modeling, term structure modeling, OAS valuation and relative value analysis.
• Experience in Vendor models e.g. Polypaths, MIAC WinOAS, AD&Co, QRM.
• Experience using market data and trading platforms such as Bloomberg, Reuters, or TradeWeb.
• Superior oral and written skills, and ability to communicate complex information effectively.

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.

• Critical Thinking - Use logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
• Reading Comprehension – Understand written sentences and paragraphs in work-related documents.
• English Language – Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
• Speaking – Communicate verbally with others to convey information effectively.
• Active Learning – Understand the implications of new information for both current and future problem-solving and decision-making.
• Active Listening – Give full attention to what other people are saying, take time to understand the points being made, ask questions for clarity, and don't interrupt at inappropriate times.
• Instructing – Teach others how to do something.
• Judgment and Decision Making – Consider the relative costs and benefits of potential actions to choose the most appropriate one.
• Time Management – Manage one's own time and the time of others.
• Writing – Communicate effectively in writing as appropriate for the needs of the audience.
• Complex Problem Solving – Identify complex problems and review related information to develop and evaluate options and implement solutions.
• Deductive Reasoning – Able to apply general rules to specific problems to produce answers that make sense.
• Problem Sensitivity – Able to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.
• Written Comprehension – Able to read and understand information and ideas presented in writing.
• Inductive Reasoning – Able to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
• Information Ordering – Able to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
• Near Vision – Able to see details at close range (within a few feet of the observer).
• Oral Comprehension – Able to listen and understand information and ideas presented through spoken words and sentences.
• Oral Expression – Able to communicate information and ideas verbally so others will understand.
• Speech Recognition – Able to identify and understand the speech of another person.
• Speech Clarity – Able to speak clearly so others can understand you.

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

• Sitting up to 90% of the time.
• Walking and standing up to 10% of the time.
• Occasional lifting, stooping, kneeling, crouching, and reaching.

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