OverviewPOSITION SUMMARY:
The candidate will join Bayview Asset Management's Interest Rate Risk Management and Derivatives trading team. This position will be responsible for managing mortgage origination pipeline hedging by trading TBAs and other interest rate derivatives, as well as for trading agency MBS pools (new origination).
ESSENTIAL DUTIES & RESPONSIBILITIES:
- Analyze and understand existing origination pipeline position; make recommendations for hedging strategies and appropriate transactions as necessary
- Execute transactions used to hedge mortgage origination pipeline using mortgage TBA contracts, treasury futures, swaps and other appropriate instruments
- Manage specified pool auctions and pricing
- Maintain and build relationships with external broker/dealer counterparties and other market participants
- Manage derivatives position and roll/assign exposure on a timely basis
- Monitor trades to ensure compliance with regulations and risk-management policies
- Give ad-hoc and regular reports on current market conditions to management
- Exercising exemplary corporate citizenship including strict adherence to compliance requirements and Bayview's tenets
SKILLS/KNOWLEDGE/ABILITIES:
- Ability to work in a highly paced and dynamic environment
- Strong analytic skills
- Knowledge of mortgage origination and agency MBS market
- Knowledge of exchange-traded and OTC interest rate products, primarily treasuries futures and interest-rate swaps
- Strong interpersonal and communication skills
- Ability to use MS Office suite
- Existing dealer relationships a plus
- Knowledge of SQL, VBA and QRM mortgage framework a plus
EDUCATION and EXPERIENCE:
- Bachelor’s degree in Finance or related field required
- 3-5 years in a trading roll on a mortgage secondary marketing trade desk
CERTIFICATIONS, LICENSES, AND/OR REGISTRATION:
LOCATION:
- This is an onsite position (4-5 days) based in our Coral Gables, FL office. We have existing team members in this location.
PHYSICAL DEMANDS AND WORK ENVIRONMENT:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit and use hands to handle, touch or feel objects, tools, or controls. The employee frequently is required to talk and hear. The noise level in the work environment is usually moderate. The employee is occasionally required to stand; walk; reach with hands and arms. The employee is rarely required to stoop, kneel, crouch, or crawl. The employee must regularly lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, color vision, and the ability to adjust focus.
EEOC
Bayview Asset Management is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.
