Secondary Marketing Analyst

BMO • Naperville, IL

1d

About The Position

This role in the Secondary Marketing Unit covers trading activities related to pipeline hedging activities, loan pooling optimization, and daily rate offering calibration and optimization. Additionally, pricing, financial analysis, and portfolio management analysis. Responsibilities include insight into SMU’s profitability with input to trading and pooling techniques to increase trading gains. Completion of special projects related to Operations Development, also required. Financial analysis and reporting to various groups within the bank requires strong database management and PC skills.

Requirements

• Bachelor’s Degree required, business major preferred, or equivalent work experience
• 5+ years diverse business/finance experience required
• 5+ years in mortgage trading/pipeline hedging experience required
• Excellent knowledge of securities market including mortgage market and secondary mortgage market
• Solid experience/understanding of risk management and asset/liability issues
• Overall knowledge of all aspects on the mortgage business
• Access, Excel and Word expertise required
• Strong communication skills
• Financial analysis skills
• Strong organizational skills

Nice To Haves

• Graduate degree or financial certifications preferred
• Experience with Risk Management Systems preferred
• Statistical modeling preferred
• Experience with loan servicing systems

Responsibilities

• Mortgage Trading/Sale Execution Assist with loan sales/purchases to/from Investors.
• Optimize loan pooling techniques to create profitability
• Delivery of loans to agencies: FNMA, FHLMC, and GNMA, ensuring compliance with all requirements.
• Monitor real-time mortgage security pricing
• Ensure trading activities meet audit, SOX and BMO compliance and audit requirements.
• Assist with data transfer by optimizing data transfer efficiency and ensuring data integrity.
• Work with current and new investors, expanding opportunities for product offering and executions.
• Model Vetting/Management Assume responsibility for submitting and obtaining approval for models used in SMU
• Provide actual vs. Model result back-testing to show that models are performing within expectations
• Complete all requests from the Model Vetting Team for additional data, analysis and annual approval request
• Risk Management Hedging HFS Pipeline Daily risk reporting
• Participate in internal and external audits as necessary
• Pricing Assist with setting mortgage pricing by tracking Competitor rates via Internet and surveys, as well as downloading Investor pricing
• Manage rate offerings against cost of funds to achieve margin requirements set by management.
• Maintain historical pricing database
• Balance SMU pricing objectives with Mortgage LOB’s profitability and volume goals.
• Financial/Pipeline Analysis Track portfolio composition and monitor risk and ALCO portfolio limits.
• Track unhedged pipeline exposure to ensure SMU is within risk guidelines
• Work with pricing survey groups to ensure that the bank is competitive in the marketplace
• Provide recommendations relating to pricing strategy, policies and enforcement ensuring margin returns and success within our markets.
• Analyze fallout data to help determine trading positions
• Special Projects/Process Support Available for projects to enhance Secondary Teams processes and execution.
• Automate processes to improve operational efficiency and reduce costs.
• Testing and development of Internal Systems Correspondent lending developments

Benefits

• BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.
• To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level