What are the responsibilities and job description for the Secondary Marketing Middle Office Operations Leader position at City National Bank?
SECONDARY MARKETING MIDDLE OFFICE OPERATIONS LEADER
WHAT IS THE OPPORTUNITY?
Responsible for the consolidation of, reporting, communication and alignment of the management of Secondary Marketings daily, monthly and ongoing strategic business plan. Core leader with ability to take discrete and broad qualitative/quantitative inputs and outputs from the front office and back office of Secondary Marketing as well as key partners/stakeholders across the company; to guide/track our internal/external KPIs/KRIs as set forth by the business/company.
What you will do
- Single Point of Contact for metric reporting and accountability reporting for daily Secondary Marketing strategy.
- Works closely with traders, and risk managers to centralize assumptions with respect to pricing, trading, and hedging considerations for alignment to Secondary’s policies, processes and procedures.
- Communicates, coordinates and manages all investor reporting and fulfillment requirements at the direction of the Secondary Marketing Manager and/or Traders.
- Single Point of Contact for all investors, counterparties around the day to day running of Secondary Marketing. Including at risk trade limit reporting, mark to market outputs as defined/managed by the Secondary Marketing Manager and/or Traders.
- Integral leader within the business unit working with 2nd LOD partners for any all-communication needs, reporting, and strategy metrics.
- Integral leader within the business responsible for management of whole loan trade fulfillment, GSE pools, Servicing Released sales and coordination with Secondary Marketing Manager and Treasury/Finance/Accounting on key forecast metrics.
- Single point of contact for executive report outs in coordination and partnering with Secondary Marketing Manager.
- Key leader to coordinate with operations, sales, product and credit for residential guideline liquidity measures/metrics.
Must-Have*
- Bachelor's Degree or equivalent
- 10-15 years broad based residential mortgage origination, servicing, operations and underwriting competencies. Including but not limited to capital markets experience with investors/counterparties and business partners.
Skills and Knowledge
- Residential Mortgage within an OCC/FDIC/Federal Reserve/CFPB US Bank.
- Investor Delivery/Fulfillment
- Contract Finance
- Transaction Management
- Secondary Marketing/Capital Markets
Compensation
Starting base salary: $111,408 - $189,738 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 qualifications
The 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 Perks
At 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 NATIONAL
City 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 ACCOMMODATION
City 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 MORE
If 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.
City 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 MORE
If 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.
Salary : $111,408 - $189,738
