Secondary Marketing Operations Specialist Job Listing at City National Bank in Los Angeles, CA (Job ID 11215)

Description

SECONDARY MARKETING OPERATIONS SPECIALIST WHAT IS THE OPPORTUNITY? Responsible for the daily collateral management, management and ad hoc reporting, margining, balance sheet reconciliations, and trade management within the Secondary Marketing infrastructure. Team player with ability to take direction from all levels of Bank management, as well as drive key initiatives and department strategy independently; to assist in tracking our internal/external KPIs/KRIs as set forth by the business/company. WHAT WILL YOU DO?

• Daily margining, collateral management and position reconciliations.
• Works closely with traders, and risk managers to centralize assumptions with respect to pricing, trading, and hedging considerations for alignment to Secondary's policies, processes and procedures.
• Communicates and helps to align all investor reporting and fulfillment requirements at the direction of the Secondary Marketing Manager and/or Traders.
• Primarily responsible for much of the ad hoc reporting requests within the Secondary Marketing channel.
• Involved in working with 2nd LOD partners for any all-communication needs, reporting, and strategy metrics.
• Establish financial metrics within the LOB and track performance thereof; communications with key partners in the Bank.
• Key person involved in the collateral performance and review for sales and purchases of residential mortgage loans.
• Back-up individuals within the LOB to perform necessary job functions and create procedures for variety of team members and Bank partners

WHAT DO YOU NEED TO SUCCEED? Required Qualifications*

• Bachelor's Degree or equivalent
• 5-10 years broad based residential mortgage origination, servicing, operations and underwriting competencies. Including but not limited to capital markets experience with investors/counterparties and business partners.

Additional Qualifications

• Capital Markets, Secondary Marketing, Origination, Servicing, Product Guidelines and knowledge of secondary marketing investors/liquidity measures in a Loans Held for Sale/Investment multi best execution platform.
• Residential Mortgage within an OCC/FDIC/Federal Reserve/CFPB US Bank.
• Investor Delivery/Fulfillment
• Contract Finance
• Transaction Management
• Secondary Marketing/Capital Markets

WHAT'S IN IT FOR YOU? Compensation Starting base salary: $78,970 - $126,140 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
Benefits and Perks At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
• Generous 401(k) company matching contribution
• Career Development through Tuition Reimbursement and other internal upskilling and training resources
• Valued Time Away benefits including vacation, sick and volunteer time
• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
• Career Mobility support from a dedicated recruitment team
• Colleague Resource Groups to support networking and community engagement

Get a more detailed look at our Benefits and Perks.
ABOUT US Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.

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