Secondary Marketing Risk Management Associate

$65,296 - $104,304/Yr

Royal Bank of Canada - Tallahassee, FL

Full-time - Senior

Tallahassee, FL

5,001-10,000 employees

Credit Intermediation and Related Activities

About the position

The Secondary Marketing Risk Management Associate at City National Bank is responsible for managing daily position reconciliations, ad hoc reporting, and balance sheet risk metrics within the Secondary Marketing infrastructure. This role requires collaboration with traders and risk managers to ensure alignment with policies and procedures, while also tracking internal and external risk metrics such as Value at Risk (VaR). The associate will play a key role in communicating positional and trading risks to various levels of bank management and will assist in driving departmental strategy and initiatives.

Responsibilities

• Perform pipeline and position reconciliations.
• Work closely with traders and risk managers to centralize pricing, trading, and hedging assumptions.
• Manage position, pricing, and trading workbooks.
• Participate in the reporting suite produced by the Secondary Marketing team.
• Ensure adherence to the Secondary Marketing Risk Management Policy and associated VaR and P&L thresholds.
• Establish reports to communicate positional and trading risk to bank management.
• Engage in discussions with Market Risk regarding current status or stages.
• Back up team members to perform necessary job functions and create procedures.

Requirements

• Bachelor's Degree or equivalent experience.
• 8-12 years of experience in residential mortgage origination, servicing, operations, and underwriting.
• Broad-based capital markets experience with investors and business partners.
• Knowledge of secondary marketing investors and liquidity measures in a multi best execution platform.

Nice-to-haves

• Experience in risk management, mortgage trading, and valuation transaction management.
• Familiarity with OCC/FDIC/Federal Reserve/CFPB regulations.

Benefits

• Competitive salary range of $65,296 - $104,304 annually.
• Comprehensive benefits package including health insurance, retirement plans, and paid time off.