Assistant VP: Interest Rates and Derivatives Strategy and Trading

PENNYMAC

Pennymac (NYSE : PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market.

At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey.

A Typical Day

Responsible for supporting the Portfolio Risk team’s market facing activities as relates to interest rate risk management. This includes managing and executing trades across a broad range of Fixed Income products, understanding and validating key risk analytics, and contributing to end-to-end processing of internal risk reporting . The role requires a deep understanding of fixed income markets, strong analytical and quantitative skills, and the ability to manage risk effectively. The ideal candidate will have a proven track record of success in fixed income trading and / or analysis within a team environment.

The Assistant VP Portfolio Risk Management will :

Analyze and implement data-driven trading strategies across various Fixed Income products, including interest rate derivatives and Agency MBS.

Execute trades in a timely and efficient manner, ensuring best execution and minimizing market impact.

Analyze market trends, economic indicators, and relative value opportunities to identify profitable trading opportunities.

Monitor and analyze trading performance, identifying areas for improvement and optimization.

Perform daily reconciliation of trades, management reports, P&L, and P&L attribution.

Build and maintain relationships with key counterparties, including brokers, dealers, and institutional investors.

Stay abreast of market developments, regulatory changes, and industry best practices.

Collaborate with other members of the trading team to share market intelligence and develop trading ideas.

Perform other related duties as required and assigned

Demonstrate behaviors which are aligned with the organization’s desired culture and values

What You’ll Bring

Education : Bachelors degree in finance, economics, mathematics, statistics, or related fields preferred

3 years of experience in fixed income trading, risk management, and / or analysis

Broad knowledge of trading environment is preferred

Broad knowledge of fixed income industry, macroeconomics, and products required

Experience with electronic trading platforms and order management systems preferred

Core competencies in working with SQL, VBA, Excel, QRM (or related ALM system) preferred

Knowledge of additional programming languages, (such as : C , SAS, MatLab) preferred

Must be a team player with strong attention to detail and ability to work independently

Proven track record at delivering timely and accurate information in a fast-paced environment

Excellent critical thinking, problem solving and mathematical skills, and sound judgment

Why You Should Join

As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Together, 4,000 Pennymac team members across the country are guided by our core values : to be Accountable, Reliable and Ethical in all that we do.

Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth and to fostering an equitable and inclusive environment, where all employees and customers feel valued, respected and supported.

Benefits That Bring It Home : Whether you're looking for flexible benefits for today, setting up short-term goals for tomorrow, or planning for long-term success and retirement, Pennymac's benefits have you covered. Some key benefits include :

Comprehensive Medical, Dental, and Vision

Paid Time Off Programs including vacation, holidays, illness, and parental leave

Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)

Retirement benefits, life insurance, 401k match, and tuition reimbursement

Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships

To learn more about our benefits visit :

Compensation : Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below :

Lower in range - Building skills and experience in the role

Mid-range - Experience and skills align with proficiency in the role

Higher in range - Experience and skills add value above typical requirements of the role

Some roles may be eligible for performance-based compensation and / or stock-based incentives awarded to employees based on company and individual performance.

Salary

90,000 - $150,000

Work Model

OFFICE

Salary : $90,000 - $150,000