Senior Director - Portfolio Management

Company: North State
Location: Ann Arbor
Posted on: August 3, 2022

Job Description:

Home Point Asset Management LLC(an affiliate of Home Point Financial Corporation)seeks a Senior Director - Portfolio Management in Ann Arbor, Michigan to: Design, estimate, implement, test, document, and maintain pricing and valuation models for MSRs, Whole Loans, RMBS, and credit/interest derivatives. Experience in MSR pricing (flow and bulk), prepay/default risk modeling, term structure modeling, OAS valuation and relative value analysis. Responsible for monitoring asset performance, attribution, and risk analysis. Assist in the development of investment, risk management, and hedging strategies. Work with the Chief Investment Officer to support strategy optimization and achieve business and financial objectives. Responsible for monthly and quarterly performance reporting of the managed portfolio. Handle and evaluate extensive varied databases from multiple internal and external sources. Deliver business-oriented communications for internal and external parties. Assist with the creation of department policies, procedures, and process documentation. Partner with the executive team in the development and implementation of balance sheet management plans and capital structure optimization strategies. Collaborate with Transaction Management, Servicing Oversight, IT, and Finance teams by sharing data and information as well as providing support for day to day operations. Utilize Compass Point software for the above listed duties.

Qualified applicants must have a Master's Degree in Financial Analysis and Risk Management, or a foreign equivalent, and at least 1 year of experience in the job offered or a substantially similar position performing the following duties: structuring a customized valuation model and assumption set to match the needs of the client's MSR mortgage portfolio; performing valuations for month-end audits, hedge analysis, and pool valuation, sensitivity and optimization analysis; implementing an automated bidding infrastructure for clients looking to buy and sell pools of MSRs; updating mortgage option-adjusted spread (OAS) in client models required for calculating their SRP hedge sensitivity; and utilizing Compass Point software. Teleworking is permitted. Qualified applicants send resumes to Rob Needham at Work4Homepoint@gmail.com. No phone calls please.

Keywords: North State, Ann Arbor , Senior Director - Portfolio Management, Executive , Ann Arbor, Michigan