Trading Analyst at Freedom Mortgage in Marlton, New Jersey

Job Description:

Freedom Mortgage


Marlton, New Jersey, United States of America
Financial Services
JR102979
Full time
Hybrid

Summary:

This position will be responsible for the execution of all capital markets support activities and administrative analysis. This position will perform mark-to-market analysis of open hedge positions and will facilitate the payment and collection of margin monies to/from the Company's broker/dealer counterparties. The position will provide essential support for all trading activities and will act as the liaison between Capital Markets and Finance on cash management matters.

Essential Job Duties and Responsibilities:

• Confirms all trades with broker/dealer counterparties recorded on trade blotter within 24 hours of execution, using either telephonic communication, e-mail or TradeWeb. Reconciles to written trade confirmations within 5 business days of execution.

• Maintains Margin Call Tracking report. Initiates margin calls with Company's broker/dealers when mark- to-markets exceed thresholds detailed in the respective MSFTAs. Reconcile any differences that may arise between FMC and counterparties. Maintain familiarity with the margining terms of all MSFTAs.

• Notify CFO in advance of both incoming and outgoing margin payments.

• Enter all trades executed by Capital Markets and trades accepted in assignment into the risk management system (QRM).

• Allocate all certified pools to TBA trades and settle allocated trades in QRM. Ensures all pool and pair off information is provided to broker/dealers as required to ensure timely settlement of pools.

• Process all trade assignments, ensuring that assignment information reaches broker/dealers timely to ensure settlement of pools.

• Maintain and distribute Gestatation Trade Mapping report, pair off report, and all other capital markets reports as may be required.

• Responsible for maintaining electronic records of all contracts entered into with or relating to broker/dealer counterparties, including all MSFTAs.

• Maintain good relations between Capital Markets and back-office personnel of FMC's counterparties.

• Comply with all company policies and procedures.

• Maintain regular and punctual attendance.

Other Job Duties and Responsibilities:

Performs other related duties as assigned.

Supervisory Responsibilities:

This position is an individual contributor.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

• Experience with Microsoft Office required. Experience

• Experience with Lakewood, QRM, Webfocus is a plus, but not required.

Education and/or Experience:

• Bachelor's degree (B.A.) from four-year College or University; or one to two years related experience and/or training; or equivalent combination of education and experience.

Certificates, Licenses, Registrations:

None Required

Work Complexity:

Addresses problems that are not immediately evident but typically not complex. Problems are typically within the immediate job area. Problems are typically solved through drawing from standard procedures and basic analysis.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Work is normally performed in a typical interior office work environment which does not subject the employee to any hazardous or unpleasant elements. The noise level in the work environment is usually moderate.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to sit and talk or hear. The employee is occasionally required to stand; walk; use hands to finger, handle, or feel; and reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds.

Equal Employment Opportunity:

The company is committed to providing equal employment opportunities to all employees and applicants without regard to race, ethnicity, color, sex, marital status, sexual orientation, gender identity or expression, pregnancy, religion, national origin, age (40 and over), disability, military status, genetic information, or any other basis protected by applicable federal, state, or local laws.

Americans with Disabilities Act:

Applicants as well as employees who are or become disabled must be able to satisfactorily perform the essential job functions of the position either with or without reasonable accommodation. Applicants as well as employees are encouraged to meet with Human Resources as the organization shall review reasonable accommodations on a case-by-case basis in accordance with applicable law.

Job Responsibilities:

The statements reflect the general duties and responsibilities considered necessary to perform the essential functions of the job and should not be considered as an all-inclusive list of all the work requirements of the position. The company may change the specific job duties with or without prior notice based on the needs of the organization.

PI249008705

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