Associate, Interest Rate Risk Management

Bayview Asset Management - Coral Gables, FL

Full-time - Mid Level

Coral Gables, FL

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

The Associate, Interest Rate Risk Management position at Bayview Asset Management involves joining the Interest Rate Risk Management and Derivatives trading team. The primary responsibility of this role is to manage the mortgage origination pipeline hedging by trading TBAs (To-Be-Announced) and other interest rate derivatives. The candidate will be expected to analyze and understand the existing origination pipeline position and make recommendations for hedging strategies and appropriate transactions as necessary. This includes executing transactions used to hedge the mortgage origination pipeline using mortgage TBA contracts, treasury futures, swaps, and other appropriate instruments. In addition to trading, the role requires managing specified pool auctions and pricing, maintaining and building relationships with external broker/dealer counterparties and other market participants, and managing derivatives positions while rolling or assigning exposure in a timely manner. The candidate will also monitor trades to ensure compliance with regulations and risk-management policies, and provide ad-hoc and regular reports on current market conditions to management. The position emphasizes exemplary corporate citizenship, including strict adherence to compliance requirements and the tenets of Bayview Asset Management.

Responsibilities

• Analyze and understand existing origination pipeline position; make recommendations for hedging strategies and appropriate transactions as necessary.
• Execute transactions used to hedge mortgage origination pipeline using mortgage TBA contracts, treasury futures, swaps and other appropriate instruments.
• Manage specified pool auctions and pricing.
• Maintain and build relationships with external broker/dealer counterparties and other market participants.
• Manage derivatives position and roll/assign exposure on a timely basis.
• Monitor trades to ensure compliance with regulations and risk-management policies.
• Give ad-hoc and regular reports on current market conditions to management.
• Exercise exemplary corporate citizenship including strict adherence to compliance requirements and Bayview's tenets.

Requirements

• Bachelor's degree in Finance or related field required.
• 3-5 years in a trading role on a mortgage secondary marketing trade desk.
• Strong analytic skills.
• Knowledge of mortgage origination and agency MBS market.
• Knowledge of exchange-traded and OTC interest rate products, primarily treasuries futures and interest-rate swaps.
• Strong interpersonal and communication skills.
• Ability to work in a highly paced and dynamic environment.
• Ability to use MS Office suite.

Nice-to-haves

• Existing dealer relationships a plus.
• Knowledge of SQL, VBA and QRM mortgage framework a plus.