Secondary Marketing Operations Specialist

$78,970 - $126,140/Yr

Royal Bank of Canada - Miami, FL

Full-time - Mid Level

Miami, FL

5,001-10,000 employees

Credit Intermediation and Related Activities

About the position

The Secondary Marketing Operations Specialist at City National Bank is responsible for managing daily collateral operations, reporting, margining, and balance sheet reconciliations within the Secondary Marketing framework. This role requires collaboration with various levels of bank management and involves tracking key performance indicators (KPIs) and key risk indicators (KRIs) as defined by the business. The specialist will play a crucial role in aligning pricing and trading strategies with the bank's policies and procedures, ensuring effective communication and reporting within the team.

Responsibilities

• Daily margining, collateral management, and position reconciliations.
• Work closely with traders and risk managers to centralize pricing, trading, and hedging assumptions.
• Communicate and align investor reporting and fulfillment requirements as directed by the Secondary Marketing Manager and/or Traders.
• Handle ad hoc reporting requests within the Secondary Marketing channel.
• Collaborate with second line of defense partners for communication needs, reporting, and strategy metrics.
• Establish and track financial metrics within the line of business, communicating with key partners in the bank.
• Review collateral performance for sales and purchases of residential mortgage loans.
• Provide backup support for team members and create procedures for various job functions.

Requirements

• Bachelor's Degree or equivalent.
• 5-10 years of experience in residential mortgage origination, servicing, operations, and underwriting, including capital markets experience.

Nice-to-haves

• Knowledge of capital markets and secondary marketing processes.
• Experience with investor delivery and fulfillment.
• Familiarity with contract finance and transaction management.

Benefits

• Competitive salary ranging from $78,970.00 to $126,140.00 annually.
• Comprehensive benefits package including health insurance, retirement plans, and paid time off.