Director, Mortgage Servicing Rights Assets Management

What is the Opportunity?

Responsible for the development, implementation, reporting, design, and oversight of our MSR asset management strategy. This person will work within our mortgage secondary/capital markets team, while also being connected to/reporting aligned with our corporate balance sheet/treasury group.

WHAT WILL YOU DO?

• Development of initial MSR assumptions aligned with overall strategy, internal economics, and MSR market pricing.
• Leveraging QRM MB / QRM ALM / QRM SV frameworks and models
• Retaining vs. Released strategies
• Optimization of origination sales / channels and lines of business retention strategies
• GAAP FVO vs. LOCOM (amortized costs) approach evaluation in connection with secondary marketings trading/hedging and selling strategies
• Basel capital modeling in current and future state stress scenarios
• Working closely with accounting/controllership groups both for GAAP and IFRS implications
• Initial proforma results of financial statement impacts, EVE, EaR, NIIS, VaR, and DV01/KRDs
• Ongoing calibration and modeling/valuation of updates/changes
• Design/implementation and execution of both passive and active hedging strategies
• Design/implementation of effective governance and operational risk management framework in conjunction with CNB Risk Org and Controllers.

BASELINE REQUIREMENTS

• Bachelor's Degree or equivalent Math, Science, Engineering, Business; MBA
• 10+ years executive experience with preferred experience in Mortgage Capital Markets
• 10+ Years MSR Portfolio Manager at peer bank or IMB
• Secondary Marketing pipeline risk management and MBS trading experience
• Mortgage Servicing Right Hedge P&L and financial forecasting responsibility
• Mortgage Servicing Right purchase and sales (including M&A)
• Experience under both LOCOM and FV methods (ideally managing a transition)

ADDITIONAL QUALIFICATIONS

• Expert knowledge of QRM framework
• Established relationships with MSR Brokers

WHAT'S IN IT FOR YOU?

• Compensation Starting base salary: $140,000 - $230,000 per year. Exact compensation may vary based on skills, experience, and location.
• Benefits and Perks