Pennymac (NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market.
At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey.
A Typical DayAs Assistant Vice President Mortgage Trading, you work in close collaboration with Pennymac’s Production channels, ensuring the accurate pricing of residential mortgage loans at all times. You carefully analyze market data and implement trading strategies to manage interest rate risk in Pennymac’s residential mortgage positions. Mortgage Trading is also dedicated to enhancing our trading platform – whether you are leading development efforts or streamlining processes.
The Assistant VP Mortgage Trading will:
Manage all of agency whole loan purchase, sale and hedge activitiesDevelop structured pricing trades to increase volume and market penetration percentageDevelop commitment desk platform to accommodate production targetsEnsure best execution is implemented to rate sheetWork in conjunction with production to ensure Pennymac pricing is competitive in the marketplaceEffectively and efficiently supervising all agency whole loan trading activitiesSupport acquisition activities and make any strategic pricing proposalsComplete special assignments or product development necessary to support business strategyPerform other related duties as required and assignedDemonstrate behaviors which are aligned with the organization’s desired culture and values What You’ll Bring Bachelor’s degree or equivalent work experience5+ years of relevant work experienceMortgage industry with whole loan or MBS trading experience preferredExcellent critical thinking, problem solving, mathematical and sound judgment skillsHighly proficient in Excel and Word Why You Should Join
As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Together, 4,000 Pennymac team members across the country are guided by our core values: to be Accountable, Reliable and Ethical in all that we do.
Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth and to fostering an equitable and inclusive environment, where all employees and customers feel valued, respected and supported.
Benefits That Bring It Home: Whether you're looking for flexible benefits for today, setting up short-term goals for tomorrow, or planning for long-term success and retirement, Pennymac's benefits have you covered. Some key benefits include:
Comprehensive Medical, Dental, and VisionPaid Time Off Programs including vacation, holidays, illness, and parental leave Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)Retirement benefits, life insurance, 401k match, and tuition reimbursement Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships
To learn more about our benefits visit: https://pennymacnews.page.link/benefits
Compensation: Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below:
Lower in range - Building skills and experience in the roleMid-range - Experience and skills align with proficiency in the role Higher in range - Experience and skills add value above typical requirements of the role
Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance.
Salary $90,000 - $150,000 Work Model OFFICE Need help finding the right job? We can recommend jobs specifically for you! Click here to get started.
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