SVP, Corp Assoc Gen Cnsl

Pennymac • UNAVAILABLE, UNAVAILABLE

1d • Remote

About The Position

Pennymac is seeking a transactional legal professional to serve as Senior Vice President, Associate General Counsel, with extensive experience in Capital Markets and Secondary Marketing. The position may be remote or in-house at any Pennymac location. The role focuses on reviewing, negotiating, and drafting deal documents for complex mortgage securitizations, bulk whole loan sales, mortgage servicing rights (MSR) transactions, derivatives, and other structured finance transactions. The successful candidate will work with senior management and lead high-impact transactional work in a collaborative environment.

The role provides legal counsel on mortgage transactions, compliance, securitization, and derivatives activity. It includes overseeing securitization due diligence and regulatory compliance, managing disclosure work, and supporting the company’s derivatives trading policies. The position also includes other related duties as assigned and demonstrating behaviors aligned with the organization’s culture and values.

Requirements

• Post-graduate degree.
• At least 5 years of relevant work experience.
• Significant experience in secondary market and capital markets transactions, including bulk whole loan sales, third-party mortgage securitizations, and related regulatory and compliance requirements.
• High proficiency in Microsoft Word.
• Ability to work as a team player and independently, with strong attention to detail, excellent critical thinking skills, sound judgment, and the ability to manage multiple projects effectively.
• Strong business acumen and ability to interface with senior and executive management.

Nice To Haves

• Knowledge of mortgage loan origination, compliance, underwriting, servicing, and subservicing.

Responsibilities

• Review, negotiate, and draft Mortgage Loan Purchase and Sale Agreements, MSR Acquisition and Sale Agreements, Mortgage Loan Repurchase Agreements, Mortgage Loan Servicing Agreements, and Confidentiality Agreements.
• Provide legal counsel on transaction structuring, asset transfer requirements, and risk allocation for MSR and whole loan sales.
• Provide strategic legal counsel on consumer mortgage compliance and asset eligibility, including alignment with Qualified Mortgage requirements, Ability-to-Repay rules, CFPB regulations, and Fannie Mae, Freddie Mac, and Ginnie Mae requirements, as applicable.
• Structure, draft, and negotiate ISDAs, MSFTAs, and Securities Repurchase Agreements.
• Review and update derivatives trading policies for compliance with Dodd-Frank, ISDA protocols, and rules and requirements for Commodity Pool Operators and Commodity Trading Advisors.
• Review, negotiate, and draft company and third-party mortgage loan securitization documents, including PSAs, Custodial Agreements, Indentures, Trust Agreements, Escrow Agreements, In-House Legal Opinions, and Indemnification Agreements.
• Review and negotiate offering documents, including Private Placement Memorandums, Offering Circulars, Prospectuses, and Term Sheets.
• Oversee legal aspects of securitization due diligence, including managing Third-Party Review firm engagements and reviewing and negotiating Due Diligence Questionnaires and related agreements.
• Draft, review, and revise Originator and Servicer Disclosures for company and third-party securitizations, ensuring adherence to Regulation AB and Federal Securities Laws.
• Manage and ensure compliance with securitization regulatory frameworks, including U.S. credit risk retention requirements, SEC Rule ABS-15G reporting, and other applicable Federal Securities Laws.
• Perform other related duties as required and assigned.
• Demonstrate behaviors aligned with the organization’s desired culture and values.

Benefits

• Comprehensive medical, dental, and vision benefits.
• Paid time off programs, including vacation, holidays, illness, and parental leave.
• Wellness programs and employee recognition programs.
• Onsite gyms and cafe-style dining at select locations.
• Retirement benefits, life insurance, 401(k) match, and tuition reimbursement.
• Philanthropy programs, including matching gifts, volunteer grants, charitable grants, and corporate sponsorships.

What This Job Offers

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