Sr Manager, Secondary Marketing
Summary PenFed is hiring a Senior Manager, Secondary Marketing in our McLean, Virginia location. This position will report to the VP of Secondary Marketing. The Responsibilities will include running and managing the Secondary marketing risk management system (QRM). Manage daily pricing and updating all systems for Retail and Correspondent divisions. This position will also manage all aspects of the lock desk which will include two staff members. Essential Functions Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned.
Manage daily pricing to ensure accuracy with all system flows for Retail and Correspondent channels.
Manage and maintain the Secondary Marketing risk management system (QRM).
Manage all responsibilities for the rate lock desk including staff.
Responsible for successfully balancing daily hedge and loan sale reports. Assist with detailed analysis of loan sale results.
Work closely with the VP of Secondary Marketing to improve risk reporting, hedging, and loan sale activities.
Design and maintain an effective internal control process to mitigate operational and market risks, including verification of trades, valuation of positions, and reconciliation of cash settlements.
Maintain and document assumptions in secondary marketing management system. Ensure the accurately reflect current loan, industry, market data. Including pipeline management.
Work closely with loan delivery and operation management.
Bachelor’s Degree in Finance, Economics, or Business Administration
Master’s/Advanced Degree in Finance, Economics, or Business Administration
5-7 years mortgage banking experience
Thorough knowledge of various reports including a daily position report and mark to market report
Thorough knowledge of mortgage lending products, services and sales
Thorough knowledge of mortgage loan underwriting, documentation, and legal/regulatory requirements
Heavy emphasis on advanced Excel and some database management is preferred.
Excellent organization skills
Ability to manage competing priorities
Previous experience using Ellie Mae Encompass is preferred, but not required.
There are no additional certifications required.