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2 Nov 2022

Full-Time Hedge Account Manager

BKInc2018 – Posted by BKInc2018 Chevy Chase, Maryland, United States

Job Description

Job Description:SUMMARY

Responsible for mortgage pipeline and/or mortgage servicing rights (MSRs) valuation, interest rate risk management, best execution, and margin management strategies through employment of proprietary analytics. Responsible for the development, communication, and execution of hedging strategies designed to offset changes in the fair value of the company’s mortgage pipeline and/or Mortgage Servicing Rights (MSRs) in order to maintain a net exposure profile that is consistent with the company’s overall risk appetite and within specific Board-approved risk tolerances for the MSR asset.


  • Evaluates, defines, and executes hedge strategies, derivation of risk management analytics and historical data
  • Executes hedge trades on behalf of clients, typically using forward traded TBA or Specified MBS Pools
  • Executes loan sales on behalf of clients, using methods such as whole loan, bulk, cash, flow mandatory, AOT, and more
  • Works directly with clients to implement new tools, troubleshoot existing setups and other ad hoc analysis
  • Responsible for mortgage valuation analytics, report development, testing, and feedback
  • Monitors risk positions in the mortgage pipeline and/or servicing asset intraday and alert the appropriate management team of any exceptions to policy limits
  • Monitors and reports performance of hedged positions as interest rates change and compare with predicted value changes
  • Explains any material deviations from projections through attribution analysis
  • Maintains relationships with Broker/Dealer community on behalf of clients; provide client assistance in expanding credit availability
  • Maintains relationships with mortgage bankers, investors, servicing brokerage firms, and other firms making a market in whole loans
  • May be required to initiate contact with potential clients, demonstrate products, create proposals, record sales, and facilitate contract addendums
  • May be responsible for other miscellaneous research projects
  • Performs other related duties as assigned


  • Bachelor’s degree in Business, Finance, Economics, or Mathematics or the equivalent combination of education, training, and work experience
  • Requires 1+ year in Hedge Analyst Role and/or 1-3+ years of relevant experience working directly with clients in capital markets, fixed income mortgage trading, and portfolio or risk management


  • Master’s degree
  • CFA (Chartered Financial Advisor) certification
  • Working knowledge of the mortgage origination process, mortgage securities, and markets is essential
  • Knowledge of Mortgage Secondary Marketing including best execution of whole loan, MBS, and retained/released sales methods
  • Knowledge of the fundamentals of rate sheet and margin management
  • Knowledge of options theory, derivative markets and instruments, macroeconomics, and financial markets
  • Knowledge of proprietary mortgage risk management, valuation analytics, and account management
  • Knowledge of mortgage servicing right valuation techniques, sensitivities and fixed income financial theory and practice
  • Strong quantitative skills with solid grounding in basic mathematical and statistical concepts
  • Outstanding verbal and written communication skills to technical and non-technical audiences of various levels within Black Knight (e.g., executive, management, individual contributors) as well as outside the organization
  • Excellent analytical, decision-making, problem-solving, team and time management skills
  • Positive outlook, strong work ethic, and responsive to internal and external customers and contacts

Black Knight is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, disability, age, and protected veteran or military family status. Our employees’ diversity is our strength, and when we embrace our differences, it makes us better and brighter. Black Knight’s commitment to inclusion is at the core of who we are, and motivates us in how we do business each and every day.

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Job Types: Full-Time.


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