Secondary Marketing Analyst

Secondary Marketing Unit Trading Specialist

This role covers trading activities related to pipeline hedging activities, loan pooling optimization, and daily rate offering calibration and optimization. Additionally, pricing, financial analysis, and portfolio management analysis. Responsibilities include insight into SMU's profitability with input to trading and pooling techniques to increase trading gains. Completion of special projects related to Operations Development, also required. Financial analysis and reporting to various groups within the bank requires strong database management and PC skills.

Key Accountabilities

(25%) Mortgage Trading/Sale Execution

Assist with loan sales/purchases to/from investors.

Optimize loan pooling techniques to create profitability

Delivery of loans to agencies: FNMA, FHLMC, and GNMA, ensuring compliance with all requirements.

Monitor real-time mortgage security pricing

Ensure trading activities meet audit, SOX and BMO compliance and audit requirements.

Assist with data transfer by optimizing data transfer efficiency and ensuring data integrity.

Work with current and new investors, expanding opportunities for product offering and executions.

(5%) Model Vetting/Management

Assume responsibility for submitting and obtaining approval for models used in SMU

Provide actual vs. model result back-testing to show that models are performing within expectations

Complete all requests from the Model Vetting Team for additional data, analysis and annual approval request

(10%) Risk Management

Hedging HFS Pipeline

Daily risk reporting

Participate in internal and external audits as necessary

(20%) Pricing

Assist with setting mortgage pricing by tracking competitor rates via Internet and surveys, as well as downloading investor pricing

Manage rate offerings against cost of funds to achieve margin requirements set by management.

Maintain historical pricing database

Balance SMU pricing objectives with Mortgage LOB's profitability and volume goals.

(20%) Financial/Pipeline Analysis

Track portfolio composition and monitor risk and ALCO portfolio limits.

Track unhedged pipeline exposure to ensure SMU is within risk guidelines

Work with pricing survey groups to ensure that the bank is competitive in the marketplace

Provide recommendations relating to pricing strategy, policies and enforcement ensuring margin returns and success within our markets.

Analyze fallout data to help determine trading positions

(20%) Special Projects/Process Support

Available for projects to enhance Secondary Teams processes and execution.

Automate processes to improve operational efficiency and reduce costs.

Testing and development of Internal Systems

Correspondent lending developments

Qualifications

Bachelor's degree required, business major preferred, or equivalent work experience

Graduate degree or financial certifications preferred

5+ years diverse business/finance experience required

5+ years in mortgage trading/pipeline hedging experience required

Excellent knowledge of securities market including mortgage market and secondary mortgage market

Solid experience/understanding of risk management and asset/liability issues

Overall knowledge of all aspects on the mortgage business

Experience with Risk Management Systems preferred

Access, Excel and Word expertise required

Statistical modeling preferred

Strong communication skills

Financial analysis skills

Experience with loan servicing systems

Strong organizational skills

Salary:

$66,600.00 - $124,200.00

Pay Type:

Salaried

The above represents BMO Financial Group's pay range and @type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.

BMO Financial Group's total compensation package will vary based on the pay @type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.

About Us

At BMO we are driven by a shared purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one - for yourself and our customers. We'll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we'll help you gain valuable experience, and broaden your skillset.

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.