Director, Capital Markets Servicing in Mount Laurel Township, NJ at PHH Mortgage Corporation

Date Posted: 9/12/2019

Job Snapshot

Job Description

Description

Position Summary:

The Director, Capital Markets Trading will manage aspects related to the origination, pricing, hedging and sale execution of PHHs’ origination channels, including idea generation, trading, portfolio management, modeling and analytics.  The individual will have a minimum of ten years experience and exposure to the US MBS market on the buy or sell side.  This person will be a key contributor to investment strategies through analysis and recommendations on securities, sectors and portfolio construction. 

Job Functions and Responsibilities:

 

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.

  • Responsible for US MBS market coverage relating to both mortgage origination and servicing valuation.  Monitor and have views on MBS basis, coupon swaps, agency swaps and 30 yr/15 year relationships
  • Identify relative value opportunities within coverage areas using fundamental and technical approaches leveraging internal and external analytics
  • Make specific portfolio recommendations and monitor profit and loss, or excess return relative to benchmark, on a regular and transparent basis
  • Maintain and update the existing analytics platform further leveraging it for use in market evaluation, security selection, idea generation and the portfolio management tool. 
  • Development of presentation materials for use in conveying key elements of process and strategy
  • Preparation of written monthly reviews of U.S. market developments and portfolio performance for internal use
  • Coordinating and editing fixed income section of quarterly report to clients (“Quarterly Investment Strategy”)
  • Develop and maintain proprietary models (given sector expertise) in support of security analysis and surveillance
  • Contribute to the analysis and settlement of the whole loan trading platform
  • Responsible for policies, procedures and controls around assuring we manage the portfolio appropriately
  • Responsible for managing acquisitions that meet the strategy in the most cost-effective fashion
  • Optimize funding and exit
  • Oversee value at-risk under various scenarios
  • Track and report performance

Qualifications

Qualifications:

 

To perform this job successfully, an individual must have the following education and experience:

  • Bachelors degree required with a degree focused in Finance, Economics, Mathematics or related field of study
  • Minimum of 10 + years experience in fixed income investments, preferably as a portfolio manager or related role or 2+ years of secondary marketing experience relating to reverse mortgage loans.
  • Minimum of 5 years experience in a leadership role required. 
  • MBA preferred
  • CFA preferred
  • Experience in analyzing and trading securitization products
  • Exposure to MBS derivatives and Mortgage Servicing Rights preferred
  • Strong presentation and communication skills (both oral and written)
  • Demonstrated ability to present information to senior leadership

Training / Licensing Requirements:

  • Must pass the Company’s Background Screening process prior to beginning employment.  Additionally, as a condition of employment, you may be required to pass client-specific background check requirements or Federal/State licensing requirements, if applicable.

 

Company Summary:

 

Headquartered in Mount Laurel, New Jersey, PHH has been providing mortgage lending and servicing solutions since 1984 and is dedicated to responsible and ethical practices while delivering an exceptional customer experience. We strictly focus on subservicing and portfolio retention allowing our diverse professional clients – representing some of the largest and most recognizable financial and wealth management institutions, investors of MSRs, regional and community banks, and credit unions – to concentrate on their core businesses, while providing borrowers with exceptional customer service throughout the life of their loans.

Adhering to the highest levels of risk and compliance, built to bank-like standards, we build relationships with our clients and their customers to promote a philosophy of retaining “customers for life.” We strive to be a natural extension of each client’s team, helping them to keep their expenses down, borrowers satisfied and service levels up while meeting today’s regulatory demands and changing market conditions.

 

Ocwen and its subsidiaries are proud to be equal opportunity workplaces. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know.



Primary Location
US-NJ-Mount Laurel

Job
Operational Excellence

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