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Regular or Temporary:
RegularLanguage Fluency: English (Required)
Work Shift:
1st shift (United States of America)Please review the following job description:
Analyze, bid, and trade packages of whole loans received from Truist's Mandatory Correspondent client base for the purpose of MSR acquisition and generation of Gain on Sale revenue. Develop and nurture relationships with internal and external parties to facilitate Secondary Marketing activities and support channel goals. Maximize value of loan sales into the Secondary Market through best execution analysis and optimization.ESSENTIAL DUTIES AND RESPONSIBILITIES
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
1. Manage in a timely, precise, and profitable manner, the whole loan bidding and trading process for each client requesting a loan package be bid. Daily notional bid is typically in excess of $2.0 Billion
2. Develop, maintain, and manage all GSE, market, and servicing related inputs into the pricing model and process. Deliver daily and weekly pricing deliverables
3. Analyze, report, and evaluate multi-dimensional market, loan, and trade data on all trading activity to determine optimal margin and volume mix to maximize Gain on Sale revenue
4. Utilize programming knowledge, as well as internal technology resources, to create process efficiencies and enhance trading capacity and capability. Leverage VBA and SQL skills to develop and maintain pricing models, various reporting, and multiple databases
5. Monitor Mandatory trade pipeline to assist clients and internal resources in post trade pricing maintenance as necessary
6. Maintain client relationships and garner market color from these relationships to optimize Truist Mandatory market share and revenue
7. Work closely with Pipeline Hedge Team to measure and hedge risk generated from purchase activity, as well as maintain various market inputs into the pricing models
QUALIFICATIONS
Required Qualifications:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. Bachelor's degree in Economics, Commercial Real Estate, Business, or Finance, or equivalent education and related experience
2. Programing knowledge including, but not limited to Excel, SQL, and VBA
3. Rudimentary Fixed Income Markets knowledge
Preferred Qualifications:
4. 2 to 3 years of work experience in financial markets
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.
Truist supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Truist is a Drug Free Workplace.
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