F.N.B. Corporation
Vice President, Hedging Manager of Secondary Markets
F.N.B. Corporation, Baltimore, Maryland, United States,
Vice President, Hedging Manager of Secondary MarketsPrimary Office Location:
30 Isabella Street, Pittsburgh, Pennsylvania, 15212.
Join our team. Make a difference - for us and for your future.
**This position is based in Pittsburgh, PA. Candidate must be local to this area or willing to relocate to Western Pennsylvania**
Position Title:
Hedging Manager of Secondary Markets
Business Unit:
Mortgage Administration
Reports to:
Manager of Residential Secondary and Capital Markets
Position Overview:
This position will be responsible for working with the hedging provider to manage and analyze the risk framework of HFS mortgage pipeline and applying hedging instruments for risk mitigation, optimizing returns and P&L volatility. This role also involves developing MSR hedging and valuation framework, calibrating modeling parameters, hedge performance monitoring, effective management of extended terms hedged assets, risk analytics and reporting, and enhancing tools like best execution, specified pools trading, and MBS pooling & securitization for P&L optimization.
Primary Responsibilities:
Modeling for hedge effectiveness of HFS Mortgage Pipeline and work closely with hedging provider while analyzing efficacy of various hedging instruments and modeling parameters.
Explore application of options to manage the growing convexity risk and manage the unique nature and risk of pipeline with growing share of longer-term products.
Develop a robust performance monitoring and feedback system, including back-testing and stress-testing of the HFS rate lock exposure versus actual pull-thru.
Develop a framework to manage the MSR hedge utilizing various derivatives instruments including Options, TBA, Swaps, and Eurodollars.
Implement a dynamic risk measurement and reporting package to support Manager of Capital Markets in overall Pipeline/Warehouse and reporting activities.
Apply advanced analytics & modeling skills to support various functions in secondary marketing.
Develop processes to manage securitization and specified pool trading.
Coordinate monthly and/or quarterly market-to-market profitability with the Finance Department.
Perform other related duties and projects as assigned.
All employees have the responsibility and accountability to serve as risk managers for their businesses by understanding, reporting, responding to, managing, and monitoring the risk they encounter daily as required by F.N.B. Corporation’s risk management program.
F.N.B. Corporation is committed to achieving superior levels of compliance by adhering to regulatory laws and guidelines.
Minimum Level of Education Required:
BA or BS
Minimum # of Years of Job Related Experience Required:
5
Skills Required:
Excellent communication skills, both written and verbal.
Excellent management skills.
Excellent project management skills.
Detail-oriented.
Ability to work and multi-task in a fast-paced environment.
Excellent organizational, analytical, and interpersonal skills.
Strong knowledge of secondary residential markets, interest rates, derivatives, options trading, and modeling.
Licensures/Certifications Required:
N/A
Physical Requirements or Work Conditions Beyond Traditional Office Work:
N/A
About UsAs a leading diversified financial services company, F.N.B. Corporation (FNB) offers a wide range of opportunities for individuals who want to grow their careers.
Our consistent recognition as a
best place to work
and
top workplace
by our own employees symbolizes the outstanding culture we represent.
Sign up for Job Alerts:A simple and easy way to stay up to date on career opportunities available.
Interested in a career with FNB Corporation but not finding something that currently aligns with your interests, background, or experience?
You now have the ability to
sign up for job alerts
through your candidate profile.
#J-18808-Ljbffr
30 Isabella Street, Pittsburgh, Pennsylvania, 15212.
Join our team. Make a difference - for us and for your future.
**This position is based in Pittsburgh, PA. Candidate must be local to this area or willing to relocate to Western Pennsylvania**
Position Title:
Hedging Manager of Secondary Markets
Business Unit:
Mortgage Administration
Reports to:
Manager of Residential Secondary and Capital Markets
Position Overview:
This position will be responsible for working with the hedging provider to manage and analyze the risk framework of HFS mortgage pipeline and applying hedging instruments for risk mitigation, optimizing returns and P&L volatility. This role also involves developing MSR hedging and valuation framework, calibrating modeling parameters, hedge performance monitoring, effective management of extended terms hedged assets, risk analytics and reporting, and enhancing tools like best execution, specified pools trading, and MBS pooling & securitization for P&L optimization.
Primary Responsibilities:
Modeling for hedge effectiveness of HFS Mortgage Pipeline and work closely with hedging provider while analyzing efficacy of various hedging instruments and modeling parameters.
Explore application of options to manage the growing convexity risk and manage the unique nature and risk of pipeline with growing share of longer-term products.
Develop a robust performance monitoring and feedback system, including back-testing and stress-testing of the HFS rate lock exposure versus actual pull-thru.
Develop a framework to manage the MSR hedge utilizing various derivatives instruments including Options, TBA, Swaps, and Eurodollars.
Implement a dynamic risk measurement and reporting package to support Manager of Capital Markets in overall Pipeline/Warehouse and reporting activities.
Apply advanced analytics & modeling skills to support various functions in secondary marketing.
Develop processes to manage securitization and specified pool trading.
Coordinate monthly and/or quarterly market-to-market profitability with the Finance Department.
Perform other related duties and projects as assigned.
All employees have the responsibility and accountability to serve as risk managers for their businesses by understanding, reporting, responding to, managing, and monitoring the risk they encounter daily as required by F.N.B. Corporation’s risk management program.
F.N.B. Corporation is committed to achieving superior levels of compliance by adhering to regulatory laws and guidelines.
Minimum Level of Education Required:
BA or BS
Minimum # of Years of Job Related Experience Required:
5
Skills Required:
Excellent communication skills, both written and verbal.
Excellent management skills.
Excellent project management skills.
Detail-oriented.
Ability to work and multi-task in a fast-paced environment.
Excellent organizational, analytical, and interpersonal skills.
Strong knowledge of secondary residential markets, interest rates, derivatives, options trading, and modeling.
Licensures/Certifications Required:
N/A
Physical Requirements or Work Conditions Beyond Traditional Office Work:
N/A
About UsAs a leading diversified financial services company, F.N.B. Corporation (FNB) offers a wide range of opportunities for individuals who want to grow their careers.
Our consistent recognition as a
best place to work
and
top workplace
by our own employees symbolizes the outstanding culture we represent.
Sign up for Job Alerts:A simple and easy way to stay up to date on career opportunities available.
Interested in a career with FNB Corporation but not finding something that currently aligns with your interests, background, or experience?
You now have the ability to
sign up for job alerts
through your candidate profile.
#J-18808-Ljbffr