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. What you will do: The Secondary Marketing Analyst position on the Hedging and Analytics Team will assist in managing the interest rate risk on Fairway's mortgage pipeline. The role includes quantitative modeling; conducting ad hoc market research; and generating analytics and reporting for Fairway's 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 Bachelor's 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 homeowner's insurance, and MORE!#LNI-DNI
