Secondary Marketing Risk Management Associate - City National Bank
Concord, NH
About the Job
*SECONDARY MARKETING RISK MANAGEMENT ASSOCIATE*
WHAT IS THE OPPORTUNITY?
Responsible for the daily position reconciliations, ad hoc reporting, spreadsheet management, balance sheet risk metrics, and PPP within the Secondary Marketing infrastructure. Team player with ability to take direction from all levels of Bank management, as well as drive key initiatives and department strategy independently; to assist in tracking our internal/external risk metrics, including VaR, as set forth by the business/company.
What you will do
* Pipeline and position reconciliations
* Works closely with traders, and risk managers to centralize assumptions with respect to pricing, trading, and hedging considerations for alignment to Secondary's policies, processes and procedures
* Engage with the team to help manage position, pricing and trading workbooks
* Participate in the reporting suite that is produced by the Secondary Marketing team(s)
* Primarily responsible for the adherence to the Secondary Marketing Risk Management Policy (Plan) and the associated VaR, as well as P&L thresholds
* Establish reports to communicate the positional and trading risk to various levels of Bank Management and risk stripes
* Involved in conversations with Market Risk as to current status or stages
* Back-up individuals within the LOB to perform necessary job functions and create procedures for variety of team members and Bank partners
*Must-Have
* Bachelor's Degree or equivalent
* 8-12 years broad based residential mortgage origination, servicing, operations and underwriting competencies. Including but not limited to capital markets experience with investors/counterparties and business partners.
*Skills and Knowledge*
* Capital Markets, Secondary Marketing, Origination, Servicing, Product Guidelines and knowledge of secondary marketing investors/liquidity measures in a Loans Held for Sale/Investment multi best execution platform.
* Residential Mortgage within an OCC/FDIC/Federal Reserve/CFPB US Bank.
* Risk Management
* Mortgage Trading, Hedging, Valuation
* Transaction Management
* Secondary Marketing/Capital Markets
*Compensation*
Starting base salary: $65,296.00 - $104,304.00 annually. Exact compensation may vary based on skills, experience, and location.
To be considered for this position you must meet at least these basic qualifications*
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
*Benefits and Perks*
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our [ Benefits and Perks](https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/10/cbedd856-c2fc-491b-a625-3ab7a0fd9a65.pdf).
ABOUT CITY NATIONAL
City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.
*City National Bank does business in Miami and the state of Florida as CN Bank.
For more information about City National, visit [cnb.com](https://www.cnb.com/).
*EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION*
City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by the laws or regulations in the locations where we operate or in our Code of Conduct. [READ MORE](https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/1/159726e0-aeb1-4058-9052-d7a2d69626b8.pdf)
If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via [email](mailto:TalentAcquisition@cnb.com) or leave a message at (213) 673-9139. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.
WHAT IS THE OPPORTUNITY?
Responsible for the daily position reconciliations, ad hoc reporting, spreadsheet management, balance sheet risk metrics, and PPP within the Secondary Marketing infrastructure. Team player with ability to take direction from all levels of Bank management, as well as drive key initiatives and department strategy independently; to assist in tracking our internal/external risk metrics, including VaR, as set forth by the business/company.
What you will do
* Pipeline and position reconciliations
* Works closely with traders, and risk managers to centralize assumptions with respect to pricing, trading, and hedging considerations for alignment to Secondary's policies, processes and procedures
* Engage with the team to help manage position, pricing and trading workbooks
* Participate in the reporting suite that is produced by the Secondary Marketing team(s)
* Primarily responsible for the adherence to the Secondary Marketing Risk Management Policy (Plan) and the associated VaR, as well as P&L thresholds
* Establish reports to communicate the positional and trading risk to various levels of Bank Management and risk stripes
* Involved in conversations with Market Risk as to current status or stages
* Back-up individuals within the LOB to perform necessary job functions and create procedures for variety of team members and Bank partners
*Must-Have
* Bachelor's Degree or equivalent
* 8-12 years broad based residential mortgage origination, servicing, operations and underwriting competencies. Including but not limited to capital markets experience with investors/counterparties and business partners.
*Skills and Knowledge*
* Capital Markets, Secondary Marketing, Origination, Servicing, Product Guidelines and knowledge of secondary marketing investors/liquidity measures in a Loans Held for Sale/Investment multi best execution platform.
* Residential Mortgage within an OCC/FDIC/Federal Reserve/CFPB US Bank.
* Risk Management
* Mortgage Trading, Hedging, Valuation
* Transaction Management
* Secondary Marketing/Capital Markets
*Compensation*
Starting base salary: $65,296.00 - $104,304.00 annually. Exact compensation may vary based on skills, experience, and location.
To be considered for this position you must meet at least these basic qualifications*
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
*Benefits and Perks*
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our [ Benefits and Perks](https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/10/cbedd856-c2fc-491b-a625-3ab7a0fd9a65.pdf).
ABOUT CITY NATIONAL
City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.
*City National Bank does business in Miami and the state of Florida as CN Bank.
For more information about City National, visit [cnb.com](https://www.cnb.com/).
*EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION*
City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by the laws or regulations in the locations where we operate or in our Code of Conduct. [READ MORE](https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/1/159726e0-aeb1-4058-9052-d7a2d69626b8.pdf)
If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via [email](mailto:TalentAcquisition@cnb.com) or leave a message at (213) 673-9139. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.
Source : City National Bank