Private National Mortgage Acceptance Company-posted 7 months ago
$90,000 - $150,000/Yr
Full-time • Mid Level
Westlake Village, CA
Credit Intermediation and Related Activities

PennyMac (NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market. At PennyMac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey. The Assistant VP Portfolio Risk Management will be responsible for supporting the Portfolio Risk team's market facing activities as relates to interest rate risk management. This includes managing and executing trades across a broad range of Fixed Income products, understanding and validating key risk analytics, and contributing to end-to-end processing of internal risk reporting. The role requires a deep understanding of fixed income markets, strong analytical and quantitative skills, and the ability to manage risk effectively.

  • Analyze and implement data-driven trading strategies across various Fixed Income products, including interest rate derivatives and Agency MBS.
  • Execute trades in a timely and efficient manner, ensuring best execution and minimizing market impact.
  • Analyze market trends, economic indicators, and relative value opportunities to identify profitable trading opportunities.
  • Monitor and analyze trading performance, identifying areas for improvement and optimization.
  • Perform daily reconciliation of trades, management reports, P&L, and P&L attribution.
  • Build and maintain relationships with key counterparties, including brokers, dealers, and institutional investors.
  • Stay abreast of market developments, regulatory changes, and industry best practices.
  • Collaborate with other members of the trading team to share market intelligence and develop trading ideas.
  • Perform other related duties as required and assigned.
  • Bachelor's degree in finance, economics, mathematics, statistics, or related fields preferred.
  • 3+ years of experience in fixed income trading, risk management, and/or analysis.
  • Broad knowledge of trading environment is preferred.
  • Broad knowledge of fixed income industry, macroeconomics, and products required.
  • Experience with electronic trading platforms and order management systems preferred.
  • Core competencies in working with SQL, VBA, Excel, QRM (or related ALM system) preferred.
  • Knowledge of additional programming languages, such as C++, SAS, MatLab preferred.
  • Must be a team player with strong attention to detail and ability to work independently.
  • Proven track record at delivering timely and accurate information in a fast-paced environment.
  • Excellent critical thinking, problem solving and mathematical skills, and sound judgment.
  • Comprehensive Medical, Dental, and Vision.
  • Paid Time Off Programs including vacation, holidays, illness, and parental leave.
  • Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations).
  • Retirement benefits, life insurance, 401k match, and tuition reimbursement.
  • Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships.
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