For a large financial services client, we are seeking REMIC Modeler to work on a 9 to 12 months or longer contract. The person will work as part of a team and analyze complex and negotiated structured securities.
Analyze complex, negotiated structured securities; assess the impact of these securities on existing processes and systems.
Working as part of a team, compute principal and interest payments on structured securities through use of a proprietary CMO payment model.
Collaborate with main client (Structured Transactions) to stay informed of upcoming structured deals and market trends. Anticipate system needs or procedural changes due to latest market trends.
Perform first-level review of REMIC and SMBS deal files, prospectus supplements, and other trust-related documents to ensure operational soundness and payment accuracy.
Transmit security payment instructions and send payment wires to our paying agents (Fed, DTC, and US Bank).
Provide assistance on system implementations: write scope statements and requirements for specific system enhancements; perform user acceptance testing.
Perform day-to-day production activities through shared production functions; team members rotate functions every 2 months.
Work closely with third-party validation team to reconcile all security payments.
Work directly with investors and data vendors to answer security-related inquiries.
Construct SQL queries and ad hoc reports as needed.
B.S or B.A in Finance, Accounting, Economics, or related field required.
A working knowledge of Fannie Mae’s MBS and/or Structured Transactions programs is highly desirable. (Similar work experience with private or agency MBS, CMO, or asset-backed group can be considered equivalent).
Minimum of two to four years of professional responsibilities in finance, accounting, mortgage securities trading, or related fields is required. Excellent leadership, communication, analytic, and problem-solving skills required. Must have the ability to implement controls around an often-changing production environment.
Project Management skills desired; knowledge of the Software Development Life Cycle (SDLC), or Agile project development cycle preferred.
Knowledge of computer applications is required with the ability to use a wide variety of databases, analytics, and project management applications. Direct work experience in UNIX, Sybase, Java, SQL, Quality Center, Excel, and Access is preferred.
Knowledge of Intex or other structured finance applications desired.