Director of Capital Markets

THE DART BANK•Lansing, MI

52d•Onsite

About The Position

Dart Bank team members take 100% ownership of their positions. They are proactive, flexible, courteous, and resourceful. They have a “how can we make this work” mindset. They are innovative and creative in meeting the needs of their position and in offering ideas and solutions that will be of benefit. They are self-sufficient, confident, and well organized with excellent prioritization skills. They are comfortable and can thrive in an ever-changing environment and take great pride in contributing to Dart Bank being an industry leader. The Director of Capital Markets is a knowledgeable and well diversified individual who oversees the Capital Markets team and all its functions. They demonstrate both direct and influence-based leadership skills fostering a team environment. The Director is responsible for a team of professionals that perform a range of tasks from pipeline management, lock desk, systems maintenance, and providing cross-departmental support across the organization.

Requirements

Minimum 7 years combined accounting G/L reconciliation and secondary marketing experience required.
Minimum of bachelor’s degree in business related field.
Understanding and experience with mortgage origination processes, products, pricing, hedging, loan sales, loan delivery, best execution, and securitization.
Experience with Loan Origination and Product/Pricing Engines. Direct experience with Encompass and Optimal Blue configuration settings (preferred).
Experience with hedging systems. Direct experience with Optimal Blue Secondary Services (preferred).
Experience managing multiple business channels (preferred).
Proficient with Microsoft products with advanced ability in Microsoft Excel, including complex formulas, pivot tables, and data analysis tools.
Ability to perform math calculations including percentages, ratios, and prorations.
Strong analytical skills, attention to detail, time management.
Works well under time constraints, is well organized.
Strong interpersonal, verbal, and written communication skills.
Demonstrated ability to solve practical problems.
Use of hands or equivalent ability to complete required tasks.
Vision or equivalent ability to complete required tasks.
Strong communication skills and a positive attitude.

Responsibilities

Oversee secondary operations which include but may not be limited to: o Create, compile, review daily, monthly and quarterly loan volume and hedge reports o Manage interest rate risk exposure within the predefined policy risk limits o Pipeline management of locked and held for sale, analysis, and reconciliation o Optimize and efficiently execute loan sales/commitments o Purchase advice reconciliation (i.e. purchased loans and servicing transfers) o Monitor TBA settlements, wires, and margin calls.
Responsible for maintaining all capital markets policies as well as directing the team’s creation of procedures, job aids, and training materials.
Responsible for investor relationships, new approvals, and annual recertifications.
Secondary Marketing Committee member responsible for creating and presenting quarterly secondary marketing performance and trend reports.
Manage broker/dealer relationships and line limits.
Present aggregated market intelligence to Senior Management with profit margin recommendations and executes on decisions made.
Lead team with scoping, defining, and implementing projects including but not limited to system configuration, testing and maintenance of hedging platform and product & pricing engines.
Oversee the lock desk, lock policies and related procedures.
Manage accounting and servicing operations related to loan originations: o Accounting and reconciliation of tax bills and insurance payments (escrows). o Oversee loan funding activities to ensure revenue integrity, including but not limited to following up on funding shortages, preparation of various funding checks and payables. o Monitor and reconcile loan funding and misc. general ledger entries. o MERS Administrator, complete user setup and ensure all required reporting is completed.
Understand and follow all regulatory compliance policies and procedures.
Adhere to all Federal and State laws and regulations, including the Bank Secrecy Act.
All other duties as assigned.