Secondary Marketing Analyst

Job Posting:

At Fairway, we are committed to cultivating, fostering, and preserving a culture of diversity, equity, inclusion, and belonging. We do this with dialogue and advocacy through voluntary employee-led resource groups and corporate-sponsored events. We strive to attract, recruit, hire, develop, and retain the very best employees at all levels. Fairway is committed to embracing talent and supporting a culture of inclusivity, reflective of Fairway's Core Values.

This is a remote opportunity.

What you will do:

The Secondary Marketing Analyst position on the Hedging and Analytics Team will assist in managing the interest rate risk on Fairways mortgage pipeline. The role includes quantitative modeling; conducting ad hoc market research; and generating analytics and reporting for Fairways management that cover items such as overall profitability, margins, and pricing.

• Use internal pricing models to review and calculate pricing on a daily basis based on corporate profit margins and in accordance with internal policy
• Provide pricing and transactional support for agency co-issue transactions, specified pools, including issuing Fannie, Freddie, and Ginnie securities
• Provide pricing and transactional support for loan servicing, including servicing retained, servicing released and correspondent bulk sales
• Configures Secondary Marketing systems including investor pricing valuations, investor eligibility, and risk adjustments
• Develop pricing models/tools to conduct best execution analysis and optimization to maximize profitability
• Develop and implement Secondary Marketing strategic initiatives and projects including Secondary Market product development
• Analyzes pull through and configures Secondary Marketing systems appropriately
• Support daily trading activities with enhanced analysis and documentation
• Contribute to the process of model and technology improvement across various analytic and database tools for managing risk and operational processes and makes recommendations
• Broker Dealer, Correspondent, and Vendor Relationship Management
• Provides ad-hoc analysis and reporting

What we are looking for:

• Proficiency in Microsoft Excel (formulas, pivot tables) and SQL Server Management Studio
• Strong financial modeling and analytical skills with the ability to extract, collect, organize, analyze and interpret complex data sets are essential
• Comfortable in a fast-paced, heavily quantitative work environment
• Demonstrated experience with attention to detail, written and oral communication, multi-tasking, and working in a team atmosphere adhering to strict deadlines
• Knowledge and understanding of pricing structures and interest rate risk management
• VBA skills a plus
• Bachelors Degree in Finance, Mathematics, Economics, Business Administration, Computer Science, Information Systems, or a closely related field advanced degree, or progress toward CFA, FRM, or other financial designation a plus
• 1 year Secondary Marketing experience
• Possess an aptitude for the mortgage industry and a keen understanding of the overall Capital Markets
• Knowledge of quantitative techniques and good understanding of pricing models preferred
• Demonstrated experience or has interest in MBS trading and pipeline hedging techniques

Fairway is an equal opportunity employer & is committed to equal treatment and opportunity in all aspects of recruitment, selection, and employment without regard to gender, race, religion, national origin, ethnicity, disability, gender identity/expression, sexual orientation, veteran or military status, or any other category protected under the law.

What Fairway can offer YOU

• Competitive compensation
• Benefits include medical and dental insurance.
• Life and Disability insurance
• Matching 401k
• Employee Stock Ownership Plan
• Paid Time Off plus company-paid holidays
• Employee discounts for wellness, pet insurance, auto and homeowners insurance, and MORE

#LNI-DNI