Radian
AVP, Hedging, Pooling & Trading - 100% Remote
Radian, Phila, Pennsylvania, United States,
See yourself at Radian? We see you here too.At Radian, we see you. For the person you are and the potential you hold. That's why we've embraced a new way of working that lets our people across the country be themselves, be their best and be their boldest. Because when each of us is truly seen, each of us gives our best -and at Radian, we'll give you our best right back.See Yourself as a AVP, Hedging, Pooling & TradingThe AVP, Hedging, Pooling & Trading is responsible for daily monitoring of markets and executing trades to manage the mortgage pipeline interest rate risk. Interact with Wall Street, broker dealers and other investors in the capital markets to implement the Capital Markets business goals of managing risk within guidelines and delivering loans into securities. This role will also perform required activities to Secondary Marketing functions related to post-closing and loan delivery.PRIMARY DUTIES AND RESPONSIBILITIES
:Implement hedging strategy. Assist in hedging the interest rate changes/volatility from lock-in to sale using various capital markets instruments and regularly present risk position to executive management.Partner with the trading team to manage mortgage pipeline position and execute agency and non-agency loan securitization trades. Partner with counterparts to review and price (bid) bulk loan pools for both bulk purchases and securitizations, ensuring all pooling parameters are met.Assist in whole loan trading, maintenance of best execution of pipeline hedging strategies and bulk loan package pricing and trading.Maintain hedging platform functionality and information output; support technology development related to the hedging platform. Contribute to the process of model and technology improvements across various analytic and database tools.Use internal valuation and risk models to assist with analysis.Perform daily trade counterparty reporting, including executing trade margin calls, trade settlement, and wire instructions.Write up market color commentary, position attribution to inform the wider team of changes in the portfolio and market conditions.Run and maintain existing reports to perform daily risk position analysis, pooling, and best execution decisions.Build new reports to support the risk management activities.Develop and build strong relationships with internal and external partners/customers through active engagement.Represent the company at both presentations and one-on-one meetings with external partners/customers.Perform other duties as assigned or apparent.QUALIFICATIONSBasic Education and Prior Work-Related Experience :Degree RequirementBachelor's Degree or Equivalent ExperienceWork Experience6 to 8 years of prior work related experienceAdditional Qualifications :Knowledge and demonstrated experience in residential mortgage secondary marketing, structured finance, post-closing/loan delivery, and MSR valuation.Awareness of mortgage lending Industry risk management principals and requirements.Working knowledge of current hedging software (QRM, Compass Analytics, etc.).Ability to partner and interact with all levels of staff and management to implement initiatives.Strong background in Excel, including ability to summarize data via formulas, lookups, pivot tables, etc.Strong problem solving and analytic skills.Excellent verbal and written skills including the ability to communicate sophisticated and technical concepts clearly and professionally.Excellent technical skills (including advanced Excel & SQL) with ability to design and maintain complex financial models.Ability to prepare and produce quality presentations for executive management and other management level committees.Exceptional data analysis skills at a detail level to provide insights, feedback and perspective on operational and financial performance.See Your LocationRadian is committed to a flexible work environment for many of our roles. This is a
Work From Anywhere
role meaning you have the flexibility to work from home (or another designated workspace that fits your needs).This role provides additional flexibility should you want to work on-site at a Radian office. Explore our office locations
here
and let your Talent Acquisition Partner know you would be interested in working on-site.See Why You Should Work With UsCompetitive Compensation : anticipated base salary from $103,200 to $169,500 based on skills and experience. This position is eligible to participate in an annual incentive program.Rest and Relaxation.
This role is eligible for 25 days of paid time off annually, which is prorated in the year of hire based on hire date. In addition, based on your hire date, you will be eligible for 9 paid holidays + 2 floating holiday in support of our DEI culture. Parental leave is also offered as an opportunity for all new parents to embrace this exciting change in their lives.Our Company Makes an Impact.
We've been recognized by multiple organizations like Bloomberg's Gender-Equality Index, HousingWire's Tech 100, and The Forum of Executive Women's Champion of Board Diversity. Radian has also pledged to PwC's CEO Action for Diversity & Inclusion commitment.Comprehensive Health Benefits.
Multiple medical plan choices, including HSA and FSA options, dental, vision, and basic life insurance.Prepare for your Future.
401(k) with a top of market company match (did we mention the company match is immediately vested?!) and an opportunity to participate in Radian's Employee Stock Purchase Plan (ESPP).Homebuyer Perks.
Our Homebuyer Perks program helps employees navigate the home searching, buying, selling, and refinancing processes and provides valuable financial benefits to encourage, enable, and support home ownership.Additional Benefits.
To learn more about our benefits offerings, visit our
Benefits Page .EEO Statement : Radian complies with all applicable federal, state, and local laws prohibiting discrimination in employment. All qualified applicants will receive consideration for employment without regard to gender, age, race, color, religious creed, marital status, gender identity, sexual orientation, national origin, ethnicity, ancestry, citizenship, genetic information, disability, protected veteran status or any other characteristic protected by applicable federal, state, or local law.Accommodation : Whether you require an accommodation for the job application or interview process, Radian is dedicated to a barrier-free employment process and encourages a diverse workforce. If you have questions about the accommodation process, please e-mail careers@radian.com.
#J-18808-Ljbffr
:Implement hedging strategy. Assist in hedging the interest rate changes/volatility from lock-in to sale using various capital markets instruments and regularly present risk position to executive management.Partner with the trading team to manage mortgage pipeline position and execute agency and non-agency loan securitization trades. Partner with counterparts to review and price (bid) bulk loan pools for both bulk purchases and securitizations, ensuring all pooling parameters are met.Assist in whole loan trading, maintenance of best execution of pipeline hedging strategies and bulk loan package pricing and trading.Maintain hedging platform functionality and information output; support technology development related to the hedging platform. Contribute to the process of model and technology improvements across various analytic and database tools.Use internal valuation and risk models to assist with analysis.Perform daily trade counterparty reporting, including executing trade margin calls, trade settlement, and wire instructions.Write up market color commentary, position attribution to inform the wider team of changes in the portfolio and market conditions.Run and maintain existing reports to perform daily risk position analysis, pooling, and best execution decisions.Build new reports to support the risk management activities.Develop and build strong relationships with internal and external partners/customers through active engagement.Represent the company at both presentations and one-on-one meetings with external partners/customers.Perform other duties as assigned or apparent.QUALIFICATIONSBasic Education and Prior Work-Related Experience :Degree RequirementBachelor's Degree or Equivalent ExperienceWork Experience6 to 8 years of prior work related experienceAdditional Qualifications :Knowledge and demonstrated experience in residential mortgage secondary marketing, structured finance, post-closing/loan delivery, and MSR valuation.Awareness of mortgage lending Industry risk management principals and requirements.Working knowledge of current hedging software (QRM, Compass Analytics, etc.).Ability to partner and interact with all levels of staff and management to implement initiatives.Strong background in Excel, including ability to summarize data via formulas, lookups, pivot tables, etc.Strong problem solving and analytic skills.Excellent verbal and written skills including the ability to communicate sophisticated and technical concepts clearly and professionally.Excellent technical skills (including advanced Excel & SQL) with ability to design and maintain complex financial models.Ability to prepare and produce quality presentations for executive management and other management level committees.Exceptional data analysis skills at a detail level to provide insights, feedback and perspective on operational and financial performance.See Your LocationRadian is committed to a flexible work environment for many of our roles. This is a
Work From Anywhere
role meaning you have the flexibility to work from home (or another designated workspace that fits your needs).This role provides additional flexibility should you want to work on-site at a Radian office. Explore our office locations
here
and let your Talent Acquisition Partner know you would be interested in working on-site.See Why You Should Work With UsCompetitive Compensation : anticipated base salary from $103,200 to $169,500 based on skills and experience. This position is eligible to participate in an annual incentive program.Rest and Relaxation.
This role is eligible for 25 days of paid time off annually, which is prorated in the year of hire based on hire date. In addition, based on your hire date, you will be eligible for 9 paid holidays + 2 floating holiday in support of our DEI culture. Parental leave is also offered as an opportunity for all new parents to embrace this exciting change in their lives.Our Company Makes an Impact.
We've been recognized by multiple organizations like Bloomberg's Gender-Equality Index, HousingWire's Tech 100, and The Forum of Executive Women's Champion of Board Diversity. Radian has also pledged to PwC's CEO Action for Diversity & Inclusion commitment.Comprehensive Health Benefits.
Multiple medical plan choices, including HSA and FSA options, dental, vision, and basic life insurance.Prepare for your Future.
401(k) with a top of market company match (did we mention the company match is immediately vested?!) and an opportunity to participate in Radian's Employee Stock Purchase Plan (ESPP).Homebuyer Perks.
Our Homebuyer Perks program helps employees navigate the home searching, buying, selling, and refinancing processes and provides valuable financial benefits to encourage, enable, and support home ownership.Additional Benefits.
To learn more about our benefits offerings, visit our
Benefits Page .EEO Statement : Radian complies with all applicable federal, state, and local laws prohibiting discrimination in employment. All qualified applicants will receive consideration for employment without regard to gender, age, race, color, religious creed, marital status, gender identity, sexual orientation, national origin, ethnicity, ancestry, citizenship, genetic information, disability, protected veteran status or any other characteristic protected by applicable federal, state, or local law.Accommodation : Whether you require an accommodation for the job application or interview process, Radian is dedicated to a barrier-free employment process and encourages a diverse workforce. If you have questions about the accommodation process, please e-mail careers@radian.com.
#J-18808-Ljbffr