Director, AMF - Secondary Markets (, NJ, United States)

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Director, AMF - Secondary Markets

Apply remote type Remote locations Home Base, NJ time type Full time posted on Posted Yesterday job requisition id R25_676

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility.

JOB SUMMARY

The Director, Secondary Markets of Arch Mortgage Funding (AMF) will be responsible for leading people and projects to execute the secondary market activities of Archs mortgage conduit. This function at AMF includes responsibilities for developing pricing tools, evaluating the effectiveness and advising on alternative hedging strategies to mitigate interest rate risk associated with AMFs positions, coordinating loan fundings, evaluating and executing loan disposition strategies, implementing portfolio management strategies to effectively manage AMFs retained bond portfolio and building tools to evaluate loan performance to compare pricing assumptions to actual results.

This role is remote and must be based on the East Coast to ensure alignment with team operations and business hours.

ESSENTIAL RESPONSIBILITIES & ACCOUNTABILITIES

• Lead and develop AMFs pricing initiatives including assessment of all relevant modeling assumptions (credit spreads, structures, etc.), LLPAs, and comparison of loan performance assumptions against actual results (CPR/CDR/Loss severity). The position will also be responsible for delivery of AMF pricing to our customers and will be responsible for lock desk oversight.
• Evaluate and execute exit strategies for AMFs aggregated loans including whole loan sales and securitization. This includes working with the VP and SVP to develop take out buyers, negotiate MLPAs, review securitization documents and negotiate financing agreements as required.
• Recommend to senior management and implement portfolio management strategies to manage and hedge pricing and interest rate risks associated with AMFs pipeline, closed loan, and retained bond positions.
• Responsible for daily evaluation and maintenance of AMFs position consisting of NQM mortgage loans, a locked loan pipeline, short positions used to hedge rate risk, and a retained bond portfolio.
• Coordinate with AMF management and operations to direct and design reports to assess the performance and effectiveness of secondary markets strategy and objectives.
• Direct the design and creation of tools to track market performance and assess the implications and impact of market moves to AMFs positions.
• Establish and develop relationships with multiple platform vendors to accomplish secondary markets goals and objectives including: fulfillment, servicing, master servicing, bond administration, ratings agencies, custodian, hedge advisor, and trustee.
• Investor relations inclusive of:
  • Serve as the primary liaison to non-agency investors, managing pricing, delivery, and performance feedback loops.
  • Represent the company in investor due diligence sessions, capital markets meetings, and client onboarding discussions.
  • Provide market intelligence and product education to clients and internal stakeholders.
• Directs the work of the senior analyst to design tools and create processes to monitor portfolio performance and/or address seller concerns to ensure compliance with AMFs risk tolerance and recommend appropriate courses of corrective action as required.

Required Knowledge & Skills

• 3-5 years direct experience working in mortgage and secondary markets including familiarity with private label RMBS deal structures, cash flow modeling, and the related bond math.
• Proficiency with capital markets platforms (e.g., MCT, Bloomberg, Intex, Yield Book).

Desired Knowledge & Skills

• Basic familiarity with contract finance as it pertains to Mortgage Loan Purchase Agreements, warehouse financing/repo agreements, and securitization deal documents.
• Experience with private-label securitizations and whole loan trading particularly as they relate to NQM and DSCR mortgage transactions.

Required Education & Experience

• Bachelors degree or equivalent in business, finance, economics or relevant market experience.

Desired Education & Experience:

• Preferred Masters degree (or pursuit of advanced Finance Education (CFA, et.al.) in business, economics, finance or related field or relevant market experience.

For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible.

For NC: $175,000 - $199,000/year

For: NJ:

• Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above pay range may be modified in the future.

• Arch is committed to helping employees succeed through our comprehensive benefits package that includes multiple medical plans plus dental, vision and prescription drug coverage; a competitive 401k with generous matching; PTO beginning at 20 days per year; up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer; basic Life and AD&D Insurance as well as Short and Long-Term Disability; Paid Parental Leave of up to 10 weeks; Student Loan Assistance and Tuition Reimbursement, Backup Child and Elder Care; and more. Click here to learn more on available benefits.

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isnt the right fit but youre interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Archs Talent Acquisition team.

14500 Arch U.S. MI Services Inc.

Arch Capital Group Ltd. is a Bermuda-based specialty insurer that provides insurance, reinsurance and mortgage insurance on a worldwide basis. With a 20+-year track record of delivering results and a coveted position on the S&P 500 index, Arch is a great place to grow your career.

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