New Penn Financial

  • Director - Mortgage Trading

    Job ID
    Capital Markets
  • Overview

    The Director - Mortgage Trading's primary responsibility is to manage the short and long term evolution of the trade desk. There is a necessary emphasis on best execution, creating and maintaining relationships, arbitrage, and operational efficiency. A successful candidate would be a high-energy self-starter with a strong mathematical, technical, and sales driven mentality.


    • Buy and sell loans and MSR to their best execution.

    • Manage Pricing and Risk engine.

    • Prospect new and maintain existing counterparty relationships.

    • Perform and track investor and product pricing comparisons.

    • Run intraday risk position analysis and hedge risk as appropriate.

    • Maintain warehouse lines and custodial accounts.

    • Manage pooling calendar and pooling allocation process.

    • Reconcile monthly Reg. Class Settlements and wire transfers.

    • Manages GSE commitment/reservation process.

    • Generates and reconciles daily Risk, Pipeline, G/L, and Hedge Reports

    • Performs additional tasks and completes projects assigned by supervisor.


    • B.S. degree Required

    • Five years’ experience trading Whole Loans or Issuing TBA/MBS.

    • Experience with rules engines, data mining, and programming

    • Experience with Bloomberg, Tradeweb, Compass Analytics or industry equivalent.

    • Proficient in MS Office, with a working knowledge of SQL.

    • Must have strong analytical and critical thinking skills.

    • Personable and confident with strong organizational skills.

    • Experience with CRA Whole Loans trades a plus.

    • Ability to work well in a group or as an individual.

    • Thrives in a fast-paced, high-activity environment.


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