Secondary Markets Analyst

Overview

This role is responsible for managing the structuring, pricing, execution, and settlement of Home Equity Conversion Mortgage-Backed Securities (HMBS) pools to optimize loan inventory, mitigate market risk, and support liquidity and profitability objectives. The position collaborates with internal stakeholders to support accurate trade execution, regulatory compliance, and efficient secondary market operations.

Responsibilities

• Prepare recurring and ad hoc reporting on pool sales, loan inventory, channel margins, historical performance, and other loan- and portfolio-level analytics.
• Manage daily loan bidding, pricing, lock confirmations, and counterparty communication.
• Develop a deep understanding of the mortgage banking industry from mortgage origination to sale of the asset.
• Execute trades while ensuring compliance with investor guidelines, optimizing execution, and supporting liquidity and profitability goals.
• Monitor the daily secondary market pipeline to assess and mitigate interest rate and market exposure.
• Use financial models to structure and analyze HMBS pools and apply pricing methodologies based on current market conditions, investor demand, and internal capital requirements.
• Coordinate and facilitate HMBS pool setup, trading delivery, and settlement in collaboration with internal stakeholders (e.g., treasury, accounting, operations) to ensure proper delivery and accounting of HMBS sales.
• Develop and maintain SQL queries, Python scripts, Power Automate flows, and other automated processes to improve data accuracy, reporting efficiency, and pricing and execution workflows.
• Maintain and distribute pricing grids to internal and external parties.
• Monitor mortgage market trends.
• Perform other duties as assigned.

Reporting To

Director, Secondary Markets

Requirements

• Minimum of 4 years of experience in mortgage banking or related financial services sector.
• Proficiency in MS Office Suite, especially Excel.
• Programming experience in SQL, Python, or VBA.
• Mathematical acumen.
• Ability to consistently demonstrate very high attention to detail.
• Excellent written and verbal communication skills.
• Analytical, critical thinking, and problem-solving skills.
• Exceptional time management and organizational skills.
• Commitment to personal growth and enthusiasm to acquire an expanding skill set.

Education

• Bachelor’s Degree
• Field(s)/Profession(s): Finance, Economics, or Mathematics

Preferred Qualifications

• Master’s Degree
• CFA certification

Compensation & Benefits

• Base salary range: $80,000 - $130,000 (inclusive of all geographical differences in the labor market)
• Final base salary determination based on work location, skills, education, and experience; pay equity and internal equity considerations may also be applied.
• Benefits package including:
  • Health, dental, vision
  • Life insurance
  • Paid time-off benefits
  • Flexible spending account
  • 401(k) with employer match
  • ESPP

Additional Information

• The statements above are intended to describe the general nature and level of work being performed and are not an exhaustive list of all responsibilities, duties, and skills required.
• Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, sex (including pregnancy), sexual orientation, religion, creed, age, national origin, physical or mental disability, gender identity and/or expression, marital status, veteran status, or other characteristics protected by law.