(LF132) MBS Director, NJ
£120,000.00 - 150,000.00 Per Annum (US Dollars )
Director mortgage-backed securities MBS
$130,000 to $150,000 Annually – (c20% bonus)
Benefits: Vision, Medical, Dental
CLEARING and Settlement - Based in Jersey City (NJ, USA)
Skills: Accounting, Finance, Mortgage Allocation, MBS Allocation, Management
10 years of experience in Auditing and Finance.
Mortgage allocation experience.
Excellent communication skills, both verbal and written
Ability to develop a relationship with MBS Product, ADM, Risk, Legal and Compliance.
Deep industry and technical experience in MBS allocations
The perfect candidate for this role would be at their best when it comes to mortgage-backed securities and has experience managing MBS allocation teams of at least 5 people. They should also have a strong understanding of MBS inventory and deep relationships within the industry. Could be experienced in buy-side, but sell-side typically is a better fit, but open to seeing both sides. Candidates with similar roles and already experienced, coming from major banks will be the best fit. They must already have direct experience, as someone won't be able to grow into the role.
Set direction and strategy for MBS Allocations team
Provides direction related to the design, development and maintenance of procedures. Ensures that procedures are continually followed and updated as new products are introduced.
Establishes departmental benchmarks and other metrics based on divisional and corporate standards
Ensures business continuity and disaster recovery mandates are met
Collaborates across functions and geographies
Determines the short and medium-term direction of the service unit
Implements action plans related to industry initiatives or changes to corporate products/services
In collaboration with ED and managers may serve as the primary point of contact for audits, risk assessments, and issues related to adherence to procedures
Executes and supports the department in adherence to AML/BSA policies and procedures, and all action plans related to compliance and regulatory guidelines set forth by various regulatory bodies.
Develop and maintain relationships with key stakeholders internally (MBS Product, ADM, Risk, Legal and Compliance)
Develop and maintain relationships with external clients
Manage client expectations
Promote the professional development of Team personnel by supporting initiatives to develop new skills and refine existing skills
Actively encourage and contribute to the development of knowledge capital
Execute on the employee professional development plan
Address performance management related issues with staff
Mitigates risk by following established procedures, spotting key errors and demonstrating strong ethical behaviour.
Minimum of 10 years of related experience
Bachelor's degree with a master’s or equivalent experience