SECONDARY MARKETING TRADERWHAT IS THE OPPORTUNITY?Responsible for Secondary Marketing functions related to hedging, loan transactions, pricing, risk management and financial analysis. This team member will also be pivotal in helping to draft applicable procedures and controls related to hedging and trading. This person needs to be able to take direction from all levels of Bank management, including Finance, Treasury, Credit, Legal, Risk, among others. Motivated leader that will drive key initiatives and department strategy independently.What you will do
Works closely with other traders, and risk managers to centralize assumptions with respect to pricing, trading, and hedging considerations for alignment to Secondary's policies, processes and procedures.
Manage Asset Liability Management presentations.
Helps develop position and trading strategies with teammates and manager.
Makes additions and edits to procedural documents and process work flows with Secondary Marketing group
Contributes explanations and rationale for position reports, limits and any material fair value changes
Investor relationships are a heavy focus on the trade desk; this person will add to our investor base, as well as strengthening relationships with existing partners.
Organization of requests and dialogue with both 1LOD and 2LOD partners throughout the Bank related to policies, procedures, standards and support.
Coordinates technology improvements, either internal or external, specific to trading, hedging and risk management functions.
Must-Have
Bachelor's Degree or equivalent
7-10 years broad based residential mortgage and project management processes. Including but not limited to working with Capital Markets partners to further imperative initiatives. Trading principles, fair value, product guidelines and knowledge of Secondary Marketing risk metrics.
Skills and Knowledge
Residential Mortgage within an OCC/FDIC/Federal Reserve/CFPB US Bank.
Experience at Banking Enterprises and Management reporting, Consulting efficiencies and leadership roles.
Financial Analysis
Risk control and internal audit
Financial Instruments, Derivatives
Cash Flow Modeling
CompensationStarting base salary: $127,626 - $237,014 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.To be considered for this position you must meet at least these basic qualificationsThe preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.Benefits and PerksAt City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks.ABOUT CITY NATIONALCity National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami. In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves. City National Bank does business in Miami and the state of Florida as CN Bank.For more information about City National, visit cnb.com.EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATIONCity National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by the laws or regulations in the locations where we operate or in our Code of Conduct. READ MOREIf you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via email or leave a message at (213) 673-9139. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.