ASSOCIATE / VP, MSR TRADER & PORTFOLIO MANAGEMENT

Firm Overview Balbec Capital (Balbec) is an SEC-registered alternative investment manager with offices in the United States and Europe. Since its founding in 2010, Balbec has deployed over $23 billion globally through its funds and investment vehicles, seeking to deliver consistent, risk-adjusted returns to investors and long-term partners across asset-based credit strategies.Balbec is a direct investor in residential and commercial mortgage loans at all stages of performance, mortgage servicing rights, and select consumer and alternative credit assets. Leveraging its proprietary technology and transaction management platform, Balbec efficiently executes highly granular transactions, enabling the firm to serve a broader range of counterparties and generate returns for investors by applying institutional execution standards to inefficient, underserved or fragmented markets.Balbec's funds rank among the largest issuers of U.S. residential mortgage-backed securities (RMBS) through its PRPM shelf. The firm's investments in agency mortgage servicing rights are sourced via its affiliate, Bungalow FundingBalbec has invested in over 20 countries, selectively deploying capital into geographically and asset-diverse opportunities that exhibit attractive risk / reward profiles, upside potential, and substantial downside protection.Job Description & Key ResponsibilitiesThis critical role on the MSR Portfolio Management Team will lead portfolio return optimization and contribute significantly to the overall MSR valuation program. Through ownership of the asset performance realization management, this position will be essential to achieving the portfolio growth and return objectives of the firm. This teammate will be a critical partner of the Finance and Capital Markets teams, responsible for analysis and recommendations of actions to enhance the company's return and risk reporting framework. The ideal candidate is an experienced MSR practitioner, with extensive knowledge in the valuation and trading of MSR assets.Responsibilities include : Evaluating realized performance of MSR assets and present to executive managementProposing strategies or transactions to enhance financial performancePreparing financial projections, yield analysis and deal summaries for any MSR transactionsContributing to the production of MSR values, SRP grids and risk measuresDirectly supporting the risk hedging activities of MSR managementDeveloping enhancements to valuation methods and production processes to improve efficiencyKey Result Areas : Contributes to the growth and profitability objectives of MSR net incomeIdentifies strategies that result in net income growthTimely and accurate delivery of MSR performance measurementResponsive analysis and pricing of potential transactions resulting in deal success that achieve target return hurdlesImplementation of tools and methods that improve the effectiveness of active portfolio managementQualifications & ExperienceTo perform this job successfully, an individual must have the following education and / or experience : Minimum 5 years mortgage industry experienceExperience with both forward and reverse mortgage assets is preferred.Minimum 5 years of MSR valuation experienceExperience using MSR valuation and hedging frameworks such as QRM, Compass or MIACHighly knowledgeable in MSR valuation methods, models, and assumptionsExperience benchmarking MSR values against peers and industry benchmarksFamiliar with MSR hedging methods and instrumentsExperience working with MSR asset data types and fieldsRobust knowledge of the nuanced differences and similarities between the MSR loan types, including Fannie Mae, Freddie Mac, Ginnie Mae, Private Label Securities, Nonperforming Loans / Reperforming Loans, Non-QM, Reverse Mortgages, and HELOCFamiliar with FNMA SMP / FH Co-Issue / FHLMC CRX / GN PIIT / FHLB pricing processAbility to solve complex and unusual technical, administrative, and managerial situationsSuperior interpersonal skills and ability to communicate complex information effectivelyAbility to partner with all levels of management to ensure effective implementation of time-sensitive initiatives and identify deficiencies and opportunities for improvementBachelor's degree in related fields such as finance, mathematics, economics, or businessHighly skilled and experienced working with SQL and large mortgage data setsAbility to perform programming in VBA or Python would be a plusExperienced in the trading and purchasing of mortgage assetsExperienced in SRP grid development, flow, and co-issue transactionsFamiliar with FNMA SMP / FH Co-Issue / FHLMC CRX / GN PIIT / FHLB programsEqual Employment OpportunityBalbec Capital LP is committed to ensuring equal employment opportunities for all employees, including qualified employment applicants. The firm strives to maintain an environment free of discrimination based on race, color, religion, gender, national origin, ancestry, age, disability, genetic information, military or veteran status, marital status, sexual orientation, gender identity, citizenship, or any other protected category or characteristics as defined by federal, state or local laws. This equal employment opportunity policy applies to all employment practices, including but not limited to recruiting, hiring, advertising, promotion, transfer, reductions in force, social and recreational programs, training, employee development, compensation and fringe benefits, discipline, and termination.Disclaimer for External and 3rd Party Recruiters : Please note that Balbec Capital does not accept unsolicited resumes from external or third-party recruiters. All recruitment-related inquiries and submissions must be directed exclusively to our HR department at careers@. We kindly request that recruiters refrain from contacting any other employees within the organization regarding job opportunities. Any unsolicited resumes sent to our employees or submitted outside of the designated HR contact will become the property of Balbec Capital without any obligation to pay referral fees. Thank you for your cooperation.