Vacancy caducado!
As the nation's largest community credit union, we begin every day focused on delivering superior financial products and services for our 1.3 million members and more than $30 billion in managed assets. Our work has an economic impact as we support our members' financial goals. We are unapologetic about being devoted to our members and the communities we serve. Our business is guided by our people helping people philosophy – which includes our team members.BECU has been in business for more than 85 years, driven by unwavering core values and a dedication to improving the communities we serve. While we have a rich history, the future of our company, accelerated by business and technology transformation, is even brighter. There's never been a better time to work for BECU.To learn more visit becu.org/careers.PAY RANGEThe Target Pay Range for this position is $147,800-$180,600 annually. The full Pay Range is $114,700-$213,700 annually. At BECU, compensation decisions are determined using factors such as relevant job-related skills, experience, and education or training. Should an offer for employment be made, we will consider individual qualifications. In addition to your salary, compensation incentives are available for the hired applicant. Incentives are performance based and targets vary by role.BENEFITSEmployees and their eligible family members have access to a wide array of employee benefits, such as medical, dental, vision and life insurance coverage. Employees have access to disability and AD&D insurance. We also offer health care and dependent care flexible spending accounts, as well as health savings accounts, to eligible employees. Employees are able to enroll in our company’s 401k plan and employer-funded retirement plan. Newly hired employees accrue 6.16 hours of paid time off (PTO) on a per pay period basis based on hours worked (up to a maximum of 160 PTO hours per year) and receive ten paid holidays throughout the calendar year. Additional details regarding BECU Benefits can be found here .Impact you’ll make:Ready to elevate your career and be one of the masterminds behind our financial strategies? As the Hedging Analytics Manager, you are the heartbeat of our Mortgage Servicing Rights (MSR) and Fair Value Mortgage portfolio (FVMP) hedge strategy. Dive deep into the world of quantitative financial analysis and chart our course towards robust performance. Your role isn't just about oversight; it's about crafting a solid framework to navigate the tricky waters of interest rate risk. With your expert touch, our models will thrive, our assumptions will be razor-sharp, and our documentation impeccable. Dive in and let's shape the future of finance together, with your insights lighting the way!What you’ll do:
Framework Architect: Craft a robust blueprint to navigate MSR risk using tools like Swaps, Options, and TBAs. You're the navigator of this ship!
Market Expert: Oversee our MSR and FVMP portfolios, ensuring we're always in line with risk limits and P&L targets. Your strategies will be our guiding star in every market climate.
Performance Pro: Dive deep into hedge P&L, refine strategies on-the-go, and keep our hedging game top-notch.
Pricing Principles: Sync up with external valuation wizards, resolve mysteries, and ensure we're always on the same page with pricing principles.
Analytic Innovator: Champion the creation of cutting-edge analytical routines, ensuring we're always a step ahead in hedge-related quantitative analysis.
Risk Wrangler: Propose those crucial interest rate risk limits for MSR and FVMP, ensuring our portfolios are always in safe hands.
Strategic Partner: Using your gift of communication and consultation skills, team up with the Financial Planning and Analysis crew, making annual planning and CPST analyses a breeze.
Documentation Wizard: Ensure our model docs are comprehensive and up to date, ticking every box for compliance and regulations.
Engagement Champion: Join forces with the ERM and Audit teams, ensuring our model validation and performance are spot on.
RELOCATION OFFERED TO LIVE WITHIN THE FOLLOWING STATES: AZ, GA, ID, OR, SC, TX, WAQUALIFICATIONSMinimum Qualifications:
Bachelor’s degree in Finance, Economics, Mathematics, Engineering, or related field
Minimum 7 years of hedging and quantitative or related experience at financial institutions
Advanced working knowledge on mortgage, fixed income market, derivative trading, portfolio hedge and risk management
In-depth understanding of financial models such as prepayment model and term structure model
Experience developing and implementing hedge strategy using derivatives
Desired Qualifications :
Advanced degree preferred
Direct experience with MSR hedging
Deep understanding of MSR valuation principles, assumptions and risk metrics
Programming skills with SQL, Excel VBA, R and Python preferred
EEO Statement:BECU is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, veteran status, disability, sexual orientation, gender identity, or any other protected status.Job Alerts: If you would like to be kept informed of new potential opportunities, click here (https://becu.wd1.myworkdayjobs.com/en-US/External/jobAlerts) . You will be asked to create an account if you do not already have one.From our very beginning, BECU has been about people helping people. As a financial services cooperative, our purpose has and always will be the same: we work together to best serve our members and improve the financial well-being of our community. More than 80 years and one million members later, we're still rooted in our values, practices and mission - and even more passionate about our future.As one of the nation's leading credit unions, we're not driven by profit. We're owned by our members and their interests are at the core of everything we do. Now we're growing faster than ever beforebut we'll never forget our roots. To continue doing right by our members, we believe we must first do right by our people. Here, you'll receive the resources and support you need to learn, grow and build a meaningful career. Because we know it's our people who make us special.
Vacancy caducado!