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Manager, Capital Markets

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Job ID: 1000671
Company: Ocwen US

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Job Description


This position will report to the Capital Market Director for reverse mortgage originations and will incorporate a wide range of responsibilities. This role will manage and analyze reverse mortgage originations from the Company’s four (4) production channels, make pricing recommendations and support the associated hedge and trading activities. Additionally, this position will be responsible for the performance analytics related to reverse servicing and work with the valuation team to develop behavior forecasting, assumption support and other quantitative tools. It is important to note that experience in the reverse mortgage industry is not required.

Job Functions and Responsibilities:

The responsibilities and functions of this role include:

Reverse Originations – Growth, Pricing, Valuations

  • Analyze daily origination volume and identify emerging trends or other negative movements
  • Develop robust reporting suite to track metrics by channel and product type
  • Make pricing recommendations based on identified trends to drive incremental growth or mitigate risk exposure
  • Work with accounting after month-end to reconcile month-over-month deltas and reconcile financial statements
  • Provide analytics and insight for both monthly and quarterly presentations to executive management team
  • Work with the Capital Markets’ MSR team to maintain and update MSR valuation grids required for pricing
  • Develop pricing framework to optimize margin and volume by seller and product type for correspondent and wholesale channels
  • Develop tracking and metrics related to the Company’s ability to recapture loans as they refinance
  • Opportunity trade HMBS bonds and build relationships with broker-dealers
  • Manage inquiries from risk management, internal audit, and external audits
  • Support financial planning in their forecasting activities

Reverse Originations – Hedging, Risk Management

  • Streamline analyses and build efficient processes to measure risk
  • Develop reporting framework to succinctly illustrate hedge position, risk profile and hedge effectiveness
  • Alert traders to deviations from policies regarding hedge position/ profile or material shifts in effectiveness
  • Work with accounting after month-end to reconcile month-over-month deltas and reconcile financial statements
  • Manage inquiries from risk management, internal audit, and external audits

Reverse MSR and Servicing

  • Manage inquiries from risk management, internal audit, and external audits
  • Work with accounting after month-end to reconcile month-over-month deltas and reconcile financial statements
  • Support financial planning in their forecasting activities
  • Work with reverse servicing operational team in development of new and centralized database
  • Develop reporting suite related to reverse servicing performance, including prepayments, defaults, foreclosure timelines, loss metrics, default timelines, and draw activity
  • Work with the Capital Markets’ MSR team to support the internal valuation of the reverse MSR asset
  • Perform back-testing and assumption validation for MSR valuation model
  • Develop analytics related to draw behavior and work with team to convey this into automated predictive models
  • Provide insight and research related to industry for use in benchmarking MSR valuation and assumptions

Qualifications:

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

  • Bachelors degree required; focus in Finance, Economics, Mathematics, or related field of study preferred
  • 3-5 years experience in Capital Markets, mortgage originations or MSR valuation strongly preferred
  • Advanced Microsoft Excel skills
  • Strong analytical and critical thinking skills
  • Knowledge of cash flows
  • Ability to develop cross-functional relationships across an organization
  • Strong teamwork skills
  • Self-motivated and capable of working independently
  • Ability to interface confidently with internal/external parties
  • Demonstrated ability to multi-task and meet deadlines in a fast-paced deadline-driven environment
  • Proficiency in Matlab is preferred, but not required

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:

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.

About Us


Company: Ocwen US

Ocwen is intensely focused on hiring, developing and retaining the best talent in the industry! Our commitment to Diversity & Inclusion ensures that we are an organization that creates, promotes and sustains an inclusive work environment in which diversity, inclusiveness and respect are integral parts of our culture and work environment. Building the reputation as an outstanding place to work, a great business partner and a valued community member is our everyday endeavor.

Ocwen’s mission is to delight our customers through caring service and innovative lending solutions. We proudly serve over 1.3 million families with their mortgage needs by helping to find real solutions that benefit our customers and help to build stronger communities. Helping Homeowners is What We Do!®

Consider an opportunity to join our global team and put “Caring in Action” while growing your career.

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.

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