NVR Mortgage division is looking to hire a Capital Markets Trader to protect the firm's profitability by trading Mortgage-Backed-Security (MBS) derivatives and to maintain investor relationships for selling closed loans and servicing assets, ensuring effective operations and managing interest rate risk.
Requirements
- Prefer 1+ years of experience trading MBS or MBS derivatives (TBA) for the purposes of hedging interest rate risk on the locked pipeline
- An understanding of interest rate risk hedging best practices and concepts, including hedge ratios, duration and convexity
- Experience with financial analysis tools including, but not limited to Microsoft Excel
- Proficient in managing and analyzing large amounts of data
- Knowledge of Compass Analytics or Optimal Blue is strongly preferred
Responsibilities
- Trade Mortgage-Backed-Securities (MBS) with various broker dealers and foster professional relationships to ensure maximum liquidity for the firm
- Trade MBS Derivative (TBA) securities to hedge interest rate risk on the $2bn+ locked pipeline, and measure effectiveness
- Represent NVR Mortgage in building strong relationships with a diverse set of investors on the secondary mortgage market
- Lead the process of selling closed loans into the secondary market to a diverse set of investors
- Responsible for producing and maintaining highly visible and impactful reports to senior management
- Produce profit and loss analysis on various executive strategic initiatives
- Perform reconciliations with investors to ensure accuracy of loan sale proceeds as well as Mortgage-Backed Securities (MBS) trades
Other
- 3 - 4 years of professional work experience in Secondary Mortgage related roles, or related financial services field
- 2+ years of experience selling closed loans into the Secondary Market
- Bachelor’s degree in finance, accounting, business administration or related field
- Excellent problem-solving skills and strong attention to detail
- Strong interpersonal skills and ability to communicate effectively with internal stakeholders and investor contacts
- Drug Testing and Credit Check are required.
- Applicants must be legally entitled to work in the United States, as NVR does not provide visa sponsorship.
