Secondary Market Analyst

Job Summary

The Secondary Markets Analyst is responsible for the analysis of Mortgage loan pricing and profitability for UFCU and its subsidiaries and supporting the Director, Capital Markets and Treasury in the management of the loan pipelines. This role provides transparency of UFCU’s loan portfolio composition, liquidity, interest rate risk, and credit risk positions and their impact on enterprise performance and profitability. 

The Secondary Markets Analyst performs loan sale operations including operating loan lock controls and  executing loan sales and hedging transactions.

The Secondary Markets Analyst reports to the Director, Capital Markets and Treasury.

Essential Functions

• Manage loan sales and loan hedging processes.


• Support product profitability analysis reporting.


• Monitors loan pipeline performance and reporting.


• Performs margin management and pricing analysis and pricing consulting for the Mortgage channel.


• Manages the approval process and documentation for price exception requests.


• Support balance sheet analysis, including impacts to balance sheet for loan portfolio activities and MSR activities.


• Administrator of Optimal Blue Product and Pricing Engine and CompassEdge.


• Collaborate with the Accounting and Mortgage lending teams to maintain efficient communication and process flow between the various functions.


• Work with auditors and examiners and other external parties as needed to support understanding of financial information and internal controls environment.

Compliance

• Performs other duties as assigned.


• Adheres to all company policies, procedures and business ethics codes.


• Completes required regulatory training as assigned.


• Maintains strict adherence and compliance to all laws, rules, regulations and internal controls specific to your role, including but not limited to Bank Secrecy Act, Anti-Money Laundering, USA Patriot Act, OFAC and Fair Lending regulations.

Knowledge/Skills/Abilities

Knowledge

• Familiarity with current mortgage lending laws and regulations, and strong understanding of documentation relating to residential real estate lending and conventional financing, and/or familiarity with credit union philosophies and practices.


• Basic knowledge of the mortgage process, documentation, requirements; governmental and agency requirements; and terminology


• Basic knowledge of the auto lending process, documentation, requirements; governmental and agency requirements; and terminology


• Proficiency and(or) familiarity generating numerous financial reports and statements in a timely and accurate manner utilizing software applications including Bloomberg or LSEG Workspace, Microsoft Office Suite, Optimal Blue and CompassEdge.


• Basic knowledge of Python, Microsoft Business Intelligence, and SQL.

Skills

• Superior communication skills with the ability to:
  
  
  
  • Effectively listen to others
  
  
  • Articulate understanding and explain complex information succinctly
  
  
  • Possess a high level of analytical acuity and intellectual curiosity
  
  
  
  


• Strong financial analysis skills, including experience with Excel modeling with ability to grow into


• High level of detail orientation


• Results-oriented mindset with a focus on delivering high-quality outputs efficiently.

Abilities

• Well-developed ability to manage multiple tasks/projects and deadlines simultaneously


• Ability to efficiently work both independently and in a team environment


• Strong ability to effectively manage daily workload to meet or exceed service levels


• Ability to exhibit adaptability to effectively adjust to frequent changes


• Ability to consistently and effectively make evaluative judgments


• Ability to maintain effective relationships with internal departments and external auditors, regulatory agencies, and others


• Demonstrates ownership and follow-through on tasks and projects with minimal oversight.


• Ability to advance Optimal Blue Product and Pricing Engine and CompassEdge.

Experience

Minimum Requirements

• Bachelor’s degree in Business, Accounting or Finance or relevant Capital Markets or Secondary Markets Experience replacing education.


• Minimum of four (4) years of experience working in a financial analysis or lending function in a financial institution


• Experience working with external financial auditors and examiners


• Must be bondable

Preferred Requirements

• Experience working in a Capital Markets or Secondary Markets function for a Mortgage and / or Consumer Lending financial institution.


• Experience with forward commitments, TBA trading, and interest rate swaps for balance sheet hedging.


• Experience using Optimal Blue or similar mortgage pricing software

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

• While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle or feel; reach with hands and arms; and talk or hear.


• Specific vision abilities required by this job include close vision, distance vision, peripheral vision and ability to adjust focus.


• Employee will make use of the telephone requiring the ability to effectively and accurately explain complex information.

Work Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.

• This position is required to work frequently onsite at UFCU Plaza in Austin, Texas.


• This position may involve periodic stressful conditions.


• May occasionally require an adjusted work schedule, overtime, and evening/weekend hours.


• Public contact position, requiring appropriate professional appearance.


• Frequent computer use at a workstation of up to two hours at a time.


• The noise level in the work environment is usually quiet.