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Truist Mortgage Senior Trader in Richmond, Virginia

Req ID: R0046676

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Regular or Temporary:

Regular

Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

Advice Senior Leadership on Pipeline Hedge and Risk Mitigation strategies related to the combined business financial assets for a $10+ Billion dollar pipeline and warehouse. Actively manage one of the multi-billion dollar Risk Positions within the pipeline and warehouse hedge. Neutralize market and liquidity related risks on this Risk Position while minimizing the associated hedge-costs.

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.

Responsible for managing a substantial Risk Position in order to preserve Initial Margin through precisely managed hedging, decreasing associated hedge-costs where possible, and maximizing Post Lock Gain on Sale Revenue through various activities and tactics with the Government Sponsored Entities (GSEs) and various Wall Street Investors

Prepare, present and implement hedging strategies to neutralize impacts to the Risk Position from market driven duration, convexity, volatility, key-rate, relative value and liquidity related. Actively utilize MBS, Swaps, Treasury Futures, Eurodollar Futures, and Options (on any of the aforementioned hedge instruments) to neutralize the aforementioned risks

Monitor Global Markets and thousands of instruments with the use of various Technical Analysis tools, techniques and methodologies and maintain a rigorous, Technical Analysis driven approach to risk management whose variable are constantly back-tested and validated for appropriateness through time. This includes trending, candle stick charting, momentum divergence, Elliott Wave, etc.

Collaborate closely with the Mortgage Trading Manager to coordinate hedging activity where appropriate, drive risk mitigation and process improvements, and aid in the management and mentoring of more junior Hedge Team staff on Fixed Income and Global Markets, MBS securitizations, Technical Analysis, Hedging, and Agency and Non-Agency markets knowledge

Evaluate hedge-effectiveness through the use of attributions, risk metric analysis, and other ad-hoc tools and reporting. Constantly evaluate risk metrics and resulting risk profiles coming from QRM Risk System for Risk Position. Lead continuous improvement efforts with risk partners to more accurately measure all risks associated with the Risk Position

Establish daily Base Price for Rate sheet generation out to both Retail and Correspondent Channels for all originations. Quickly and accurately evaluate market levels, implement margin updates to facilitate origination goals, and rigorously follow control processes to ensure accuracy on $250+ Million in daily Loan and MSR originations

Manage daily valuation of Risk Position and corresponding hedges by actively and enthusiastically tracking and monitoring TBA, Roll, and Specified Pool markets and managing and leveraging relationships with various Wall Street investors for market and valuation related color

Generate market-focused commentary and forecasting as well as ad-hoc profit and loss analysis and reporting where needed by Mortgage Trading Manager or Senior Management

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.

Bachelor’s degree in Quantitative Finance, Mathematics, or related quantitative degree or equivalent education and related experience

5+ Years of Capital Markets Experience

5+ Years of Risk Management Experience

In-depth understanding of Technical Analysis

Preferred Qualifications:

Master’s Degree in Finance

7+ Years of Capital Markets Experience at a Top 5 Originator or Top 5 Broker/Dealer

7+ Years of Risk Management Experience with emphasis in Hedging Pipeline or MSR at a Top 5 Originator

Knowledge of Programming

Other Job Requirements / Working Conditions

Sitting/Standing/Walking/Bending/Lifting

þ Sitting (if checked, indicate frequency)

Constantly (More than 50% of the time)

þ Standing (if checked, indicate frequency)

Occasionally (Less than 25% of the time)

☐ Walking (if checked, indicate frequency)

Choose an item.

☐ Bending (if checked, indicate frequency)

Choose an item.

☐ Lifting (if checked, indicate pounds)

Choose an item.

þ Visual / Audio / Speaking

Able to access and interpret client information received from the computer and able to hear and speak with individuals in person and on the phone.

þ Manual Dexterity / Keyboarding

Able to work standard office equipment, including PC keyboard and mouse, copy/fax machines, and printers.

þ Availability

Able to work all hours scheduled, including overtime as directed by manager/supervisor and required by business need.

þ Travel (Must select one)

Minimal and up to 10%

Truist supports a diverse workforce and is an Equal Opportunity Employer who does not discriminate against individuals on the basis of race, gender, color, religion, national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Drug Free Workplace.

Thank you for your interest in Truist! BB&T and SunTrust have come together in a transformational merger of equals to create Truist, the premier financial organization in the country. You may notice references to our legacy company names, BB&T and SunTrust, in places throughout this site. All such references should be understood to refer to Truist moving forward while we continue to transition to the Truist name.

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