Mortgage Trading Manager - Pennymac

PENNYMAC:

Pennymac (NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market. 

 

At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey.

A Typical Day:

The Mortgage Trading Manager will conduct extensive analysis on various residential mortgage related assets such as whole loans and legacy and new origination MBS. As the Mortgage Trader, you will be responsible for acquiring and analyzing monthly marks on bonds in position.

 

The Mortgage Trading Manager will:

 

• Analyze collateral data and conduct pricing for whole-loan trading and securitization
• Conduct supervised trading ability for loan packages
• Support the MSR investments bidding process
• Run various models to price assets and conduct analyses with respect to day-to-day activities and potential investment opportunities
• Serve as a Capital Markets Portfolio Investments liaison to other internal departments (such as Financial Analysis and Valuation, Portfolio Strategy, Treasury, Accounting & Servicing)
• Perform other related duties as required and assigned
• Demonstrate behaviors which are aligned with the organization’s desired culture and values

What You’ll Bring:

• Bachelor’s degree or equivalent work experience
• 3+ years of relevant work experience
• Must be highly proficient in Microsoft Excel, PowerPoint, and Word
• Financial Services and, if possible, mortgage industry experience preferred

Why You Should Join:

As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Together, 4,000 Pennymac team members across the country are guided by our core values: to be Accountable, Reliable and Ethical in all that we do. 

Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth and to fostering an equitable and inclusive environment, where all employees and customers feel valued, respected and supported. 

 

Benefits That Bring It Home: Whether you're looking for flexible benefits for today, setting up short-term goals for tomorrow, or planning for long-term success and retirement, Pennymac's benefits have you covered. Some key benefits include: 

• Comprehensive Medical, Dental, and Vision
• Paid Time Off Programs including vacation, holidays, illness, and parental leave 
• Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)
• Retirement benefits, life insurance, 401k match, and tuition reimbursement 
• Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships

 

To learn more about our benefits visit: https://pennymacnews.page.link/benefits

 

Compensation: Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below:

• Lower in range - Building skills and experience in the role
• Mid-range - Experience and skills align with proficiency in the role 
• Higher in range - Experience and skills add value above typical requirements of the role 

 

Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance. 

 

Salary:$75,000 - $130,000Work Model:OFFICE