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Director Agency Sourcing/Trading
Mutual of Omaha
Omaha, NE, United States
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Participates in the process of sourcing, selecting and managing financial assets for the Enterprise. Manages and assumes a leadership role in the evaluating and trading Agency Mortgage Backed Securities (MBS). Takes part in the delivery of valued investment services to our partners through effective collaboration, engagement and communication. Actively participates in the management, development and empowerment of the Investment Management staff.
Essential Job Functions:
• Analyzes characteristics of mortgage collateral pools, evaluates deal structural and cashflow provisions and trades various forms of Agency MBS including pass-throughs and Collateralized Mortgage Obligations (CMOs) secured by both residential and commercial mortgage loans.
• Maintains communication with securities brokers, traders, and personnel on syndicate desks to remain current on the investment environment, trends in transaction structural provisions, security issuance calendars and relative value sourcing opportunities within the Agency MBS market.
• Presents and executes relative value trading ideas and investment strategies to portfolio manager.
• Utilizes Bloomberg, Yield Book and other external models to evaluate pools of mortgage loans and the accompanying deal structural provisions to assess convexity risk of the agency securities. In certain circumstances, internal models will be created and maintained to provide additional insights into the risks and opportunities within Agency security markets.
• Reviews and evaluates legal documents, offering memorandums, third-party research reports and technical journals to remain up-to-date on both individual security and portfolio level risks. Builds and strengthens internal and external relationships with colleagues, brokers, investment bankers, sell-side analysts, issuers, industry experts and other sources to collect additional insights on market developments.
• Provides subject matter expertise in the Agency MBS market and creates effective mediums by which this information is shared to interested parties within Investment Management. Develops and provides recommendations on portfolio positioning based on the information gathered.
• Develops, maintains and manages Agency MBS surveillance reports and presents those reports to the portfolio manager and others within Investment Management. Surveillance reports will include up-to-date evaluation of the health of the residential real estate market, borrower payment trends and developments in mortgage finance.
• Generates and suggests innovative ideas and / or provides recommendations that would improve sourcing or trading opportunities, management and evaluation of cash flow risks, investment processes and evaluation of new investment opportunities or portfolio management initiatives.
• Manages tasks in an efficient and effective manner. Utilizes expertise and various resources in discussing investment opportunities and communicates those investment recommendations in a concise and thoughtful manner.
• Coordinates and plans with investment operations, other business units and across the Enterprise to maintain sufficient order flow integrity, proper physical and / or computerized databases and trading documentation. Provides guidance and direction to others on maintaining trading information and data.
• Maintains proper documentation for regulatory and compliance purposes. Supports and assists others with documentation processes, ensuring files are easily found, understood and maintained by others.
Minimum Qualifications:
• Undergraduate degree in business or related field.
• Thorough knowledge and experience in fixed income securities sourcing and trading.
• Thorough knowledge and experience with fixed income markets.
• Ability to make judgments regarding credit, risk and valuation with a keen sense of portfolio and operational awareness.
• Strong strategic planning and leadership skills; ability to motivate and influence constituents at all levels and across the Enterprise.
• Strong work ethic, attention to detail, pride and ownership of work product, strength of conviction and desire to succeed.
• Unassailable ethics and integrity.
• Strong interpersonal and communication skills; proven success in establishing and maintaining relationships with internal and external business partners. Effective writing skills; ability to make effective presentations to management, customers, community leaders and regulatory officials.
• Proven success in expert decision making, managing others, coordinating activities and directing several projects simultaneously while meeting deadlines and empowering team members to meet company objectives; ability to work under pressure and meet stringent deadlines.
• Strong problem solving, negotiation and business management skills; ability to identify and achieve strategic goals.
• Ability to teach and foster development in others.
• Ability to travel up to 25%.
• This position requires sitting over 66% of the time.
• This position requires Visual Acuity at 20 inches (or less) over 66% of the time.
Preferred Qualifications:
• Proficiency in fixed income analytics, interest rate risk management and portfolio hedging strategies.
• Advanced business degree.
• Successful completion of the Chartered Financial Analyst (CFA) program.
If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at 1-800-780-0304. We are available Monday through Friday 7 am to 4 pm CST.
For all other inquiries, contact our HR Helpline at 1-800-365-1405, option 4.
Mutual of Omaha and its affiliates are an Equal Opportunity /Affirmative Action Employer, Minorities/Female/Disabled/Veteran
To All Recruitment Agencies: We do not accept unsolicited agency resumes and we are not responsible for any fees related to unsolicited resumes.