Mortgage Secondary Market Trader
Location : On site at location listed in job posting.
Summary
Key member of the Mortgage Secondary Marketing team within First Horizon Bank and will be responsible for the day-to-day activities related to the hedging of the mortgage secondary pipeline.
Essential Duties and Responsibilities
- Manages and analyzes the mortgage secondary pipeline and executes hedging and pool trading transactions
- Manages and monitors hedge performance by reviewing reports to mitigate risk while providing accurate data
- Utilizes advanced analytic and modeling skills to support secondary marketing functions around loan pricing and fallout
- Assist with mortgage valuation analytics, report development, testing and feedback
- Complies with bank policies and procedures, regulatory requirements, and investor guidelines
- Establishes and maintains secondary market investor and dealer relationships
- Performs all other duties as assigned
Qualifications
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Additionally, the qualifications listed below are representative of the knowledge, skills, and/or abilities required in this position:
- Bachelor (4-year college) degree and 5+ years of experience or equivalent combination of education and experience
- Demonstrated experience with trading and hedging techniques.
- Advanced understanding and application of risk management and operational risk.
- Advanced modeling, spreadsheet, and database skills.
- High attention to detail and excellent communication skills with stakeholders at all levels.
Systems
- Microsoft Office Suite
- MIAC, QRM, Optimal Blue, Encompass, Bloomberg, Tradeweb
First Horizon Corporation is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at
Benefit Highlights
- Medical with wellness incentives, dental, and vision
- HSA with company match
- Maternity and parental leave
- Tuition reimbursement
- Mentor program
- 401(k) with 6% match
- More - FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits
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Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights ( notice from the Department of Labor.
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