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22 Jul 2022

Full-Time Hedge Analyst I

Black Knight Financial Services – Posted by BKInc2018 Denver, Colorado, United States

Job Description

Black Knight is the premier provider of integrated technology, services, data and analytics that lenders and servicers look to first to help successfully manage the entire loan life cycle. Our deep understanding of regulatory and compliance issues complements the knowledge, technology and solutions we offer to help our clients achieve their business goals. Black Knight offers leading software systems; data and analytics offerings; and information solutions that facilitate and automate many of the business processes across the mortgage life cycle.

JOB FAMILY DESCRIPTION

Responsible for working with team to assist with fixed income analytics, risk management, and/or trading. Learn to execute trading strategies on behalf of clients, implement tools that lead to greater client profitability and contribute to the further development of our industry leading technology. Engage in mortgage pipeline and/or mortgage serv icing rights (MSRs) valuation, interest rate risk management, best execution, and margin management strategies through employment of proprietary analytics.

GENERAL DUTIES & RESPONSIBILITIES

  • Evaluate, define, and execute hedge strategies, derivation of risk management analytics and historical data.
  • Execute trades on behalf of clients, typically using forward-traded TBA or Specified MBS Pools, or agency cash commitments.
  • Commit/sell loans to all execution methods for most lender profiles.
  • Work directly with clients and team to implement new tools, troubleshoot existing setups, and other ad hoc analysis.
  • Assist with monitoring risk positions in the mortgage pipeline and/or servicing asset intraday.
  • Provide support with monitoring and reporting performance of hedged positions as interest rates change and compare with predicted value changes. Explain any material deviations from projections through attribution analysis.
  • Support clients and team in maintaining relationships with Broker/Dealer community on behalf of clients; provide client assistance in expanding credit availability.
  • Performs other related duties as assigned.

EDUCATIONAL GUIDELINES

Bachelor’s degree in Business, Finance, Economics, or Mathematics, or the equivalent combination of education, training, and work experience. Master’s degree is preferred.

GENERAL KNOWLEDGE, SKILLS & ABILITIES

  • Ability to learn and comprehend the mortgage origination process, mortgage securities, and markets through on-the-job training
  • Knowledge of Mortgage Secondary Marketing, including best execution of whole loan, MBS, and retained/released sales methods
  • Knowledge of the fundamentals of ratesheet 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 (MSR) 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.

Hedge Analyst I

Entry-level professional role into the job family. Works under immediate supervision with limited latitude for independent judgment. Identifies non-routine issues and routes/escalates to appropriate team member. Supports products and/or services and has knowledge of products and services offered to the assigned client, customer, etc. Is an active team member, contributes to projects of low to medium complexity to gain additional experience, shares ideas, and may suggest process improvements, as appropriate Under supervision, develops, communicates, and executes hedging and trading strategies designed to offset changes in the fair value of the company’s origination pipeline and/or Mortgage Servicing Rights (MSRs), maximize revenue, and maintain a net exposure profile that is consistent with the company’s overall risk appetite Typically requires up to two (2) years of fixed income mortgage trading, portfolio, or risk manage ment experience.

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.

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.

How to Apply

https://www.aplitrak.com/?adid=YmV0c3kubWVlay45Nzc4MC4xMDU5NEBibGFja2tuaWdodGZpbi5hcGxpdHJhay5jb20

Job Types: Full-Time.

Job expires in 5 days.

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