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Senior MSR Asset/Hedge Valuation Analyst

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Job ID: 1001223
Company: Ocwen US

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Job Description


The Senior Analyst position in Capital Markets will support the Mortgage Servicing Rights (“MSR”) asset valuation and the hedging activities related to the firm’s MSR, the company’s largest and most complex asset. Management of the MSR includes, but is not limited to, the valuation of new MSR volume (through both originations or acquisitions), MSR capitalization pricing grids, the existing MSR asset and its hedge instruments.

Job Functions and Responsibilities:

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

  • Stratify existing and potential acquired MSRs.
  • Support daily/weekly/monthly/quarterly MSR asset and hedge valuations – either via MIAC’s cash flow model or via comparable valuation models.
  • Produce, present, and support recurring risk analytics of the MSR portfolio.
  • Develop and continually enhance analytical and operational infrastructure relating to the MSR valuation, risk metrics and reporting.
  • Develop and tune MSR pricing grids to meet market expectations and enable efficient acquisitions.
  • Design and generate reporting to support the monthly and quarterly MSR valuation and risk profile.
  • Design and maintain effective hedge strategies considering the full range of interest rate risks to which the MSR is exposed within the Company’s risk appetite.
  • Collaborate with senior management to produce intuitive and insightful presentations for committee meeting and other governance forums.

Qualifications:

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

  • Bachelor’s Degree required, with casework or major in engineering, mathematics/statistics, economic or finance
  • MBA or CFA preferred
  • Direct and relevant mortgage experience required, including experience in MSR valuation models (either in-house or vendor supported), and a deep understanding of the assumptions underlying MSR value, risks, and cash flows.
  • Demonstrable experience designing and computing key performance and risk metrics (KPI and KRIs) which incorporate MSR market value, and risk sensitivities such as DV01, CV01, Basis01, and KRDs.
  • Experience in modeling, VBA, and/or SQL, along with a working knowledge of managing and working with MSR-centric data sets such as loan tapes, pricing grids, and cash flow schedules.
  • Familiarity with policies and procedures related to MSR asset management.
  • Understanding of the accounting implications of managing and valuing a level 3 asset
  • Experience reviewing and analyzing third party MSR appraisals and industry surveys as they pertain to MSRs.
  • Strong analytical and critical thinking skills, with the ability to clearly communicate abstract concepts to a broad range of stakeholders.
  • Ability to work independently based on high-level goals agreed upon with manager.
  • Strong interpersonal and communication skills.
  • Ability to frame and articulate goals considering all relevant viewpoints and concerns.
  • Demonstrable ability to multi-task and meet deadlines in a fast-paced deadline-driven and constantly changing environment.

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.

Work Schedule :

  • General work schedule

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.

Disclaimer:

This position is not eligible to be performed in the state of Colorado.

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.

This position is not eligible to be performed in the state of Colorado.

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