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Kinecta Federal Credit Union · 15 hours ago

Secondary Marketing Manager Sr

El Segundo, CA

Full-time

Onsite

Senior Level

$45K/yr - $57K/yr

5+ years exp

Kinecta Federal Credit Union is seeking a Senior Secondary Marketing Manager responsible for overseeing pipeline management and loan delivery within the Secondary Marketing department. The role includes mentoring staff, managing MBS and cash processes, and ensuring compliance with internal policies.

Financial Services

Comp. & Benefits

Responsibilities

Manages whole loan agency cash and MBS including coordinating the settlement process with the Accounting & Finance Departments

Process and review daily QRM position reports for cash window delivery

Helps develop and maintain Secondary Marketing daily/monthly P/L attribution reporting

Manages QRM inputs of trades/commitments

Provides high level management and strategy on the implementation and integration of Optimal Blue with Encompass

Responsible of maintaining QRM monthly/Quarterly updates including system upgrades

Has in-depth knowledge of pipeline hedging concepts and can manage the secondary marketing hedge position with no supervision including the daily and monthly QRM position reconciliation and validation process

Experience with Tradeweb and is authorized to execute TBA hedge trades on Kinecta’s behalf

Responsible for managing pipeline MSR values in QRM including system and technology updates with Mountain view and QRM

Participates in managing counter-party risk with secondary market investors including annual investor certifications

Coordinates loan sale strategy in Accounting/Finance/Residential Lending

Maintains counterparty TBA margin requirements including monthly TBA pair-off wires

Promotes best execution hedging and delivery strategies

Responsible for all aspects of agency (FNMA/FHLMC/FHLB/GNMA) loan delivery

Manages the entire GNMA MBS process including the GNMA responsibilities with Loan Servicing, Accounting and Audit/Compliance

Ensures Department procedures are complete and updated

Meets with internal and external auditors to demonstrate compliance with department procedures

Understand and maintains a thorough knowledge of Residential Lending Products and provides industry best practices feedback

Work independently on special project

Ability to work under pressure

Qualification

MBS delivery managementPipeline managementQRM Risk FrameworkExcel VBASQL database applicationsPricingHedging conceptsCommunicationTeamworkAttention to detailDecision making

Required

Experience managing MBS delivery and pipeline management

Strong understanding of best execution strategies

Background or understanding of pricing and hedging concepts

Working Knowledge of QRM Risk Framework

High degree of PC literacy, including spreadsheet (including Excel VBA) and SQL database applications and programing

Excellent communication skills – phone, personal contact and written

Maintains effective communication and working relationship with manager, co-workers, branches, and home office departments

Able to work as part of a team as well as independently, and with people of diverse backgrounds

Possess good judgment, ability to accept responsibility and handle confidential information

Must be a self-starter, dependable, accurate in completing responsibilities with strong attention to detail

Professional in standards, skills, and manner of dealing with others

Ability to accept and facilitate change

Ability to work quickly and accurately under pressure

Ability to analyze information and make decisions

Bachelor's degree in Business/Economics or related field of study or comparable experience

Minimum five years' experience as a Secondary Marketing Manager

Excellent writing skills, detail oriented, and strong mortgage product knowledge including both government and conventional loans

Preferred

Five to six years of experience as a financial analyst preferred

Company

Kinecta Federal Credit Union

Headquartered in Manhattan Beach, California, Kinecta Federal Credit Union is one of the country's largest credit unions, with assets of $6.8 billion and more than 270,000 members from coast to coast.

Founded in 1940

Alexandria, Virginia, USA

501-1000 employees