Junior Fixed Income Analyst (Lock Desk Analyst)

Queens Permanent USD50,000 - USD60,000
  • Expand Your Fixed Income Knowledge
  • Work for A Well Established Financial Services Firm

About Our Client

Financial Services Firm

Job Description

* Processes incoming rate locks, extension and reprice requests in EPPS and LoanNex pricing engine. Responsible to oversee and notify management of escalated pricing and lock request.
* Ensure daily pricing and margins are accurate and that all consumer loans locked on Encompass, also update buy side and sell side pricing on secondary registration on Encompass.
* Review, verify, and provide price quotes for Agency, Jumbo, Non-QM and commercial loans.
* Verify investor and product eligibility before confirming interest rate with consumer in a timely manner.
* Produce daily salable and portfolio products rate sheet, and distribute it to the organization, verify the accuracy of the Encompass Product & Pricing Service (EPPS)
* Verify and obtain approval for any branch/corporate concession on the rate locks with Upper Management
* Confirm the impact on historical and worst-case pricing upon any chance of circumstances on the consumer level.
* Manage time lines for rate lock expiration's and extensions to be up to date with the pipeline.
* Comply with all department and company rate lock policies, procedures, and regulations.
* Produce daily Loans Pending Sale report for management's review.
* Maintain the highest level of confidentiality with all information obtained.
* Assist in evaluating Fair Market Value of Interest Rate lock Commitments

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

The Successful Applicant

* 2+ years Lock Desk experience required on a Lock Desk and/or Mortgage-Backed Securities
* Understanding of interest rate dynamics and MBS pooling.
* Detail oriented with a high degree of accuracy.
* Proficiency with MS Excel, Word.
* Strong organizational, communication, problem solving skills.
* Ability to work with a high degree of accuracy in a fast-paced work environment.
* Strong interpersonal skills and ability to communicate effectively with sales and operations staff, as well as investor contacts.
* Self-starter, ability to work independently.

* Meet expectations for attendance and punctuality.

What's on Offer

  • Grow your Lock Desk/ Fixed Income Knowledge
  • Work for a well established firm
  • Great work culture
  • Good benefits
Contact
Giuliana Monticciolo
Quote job ref
JN-062022-5658516

Job summary

Sector
Banking & Financial Services
Sub Sector
Operations / Middle Office - Banking / Securities
Industry
Financial Services
Location
Queens
Contract Type
Permanent
Consultant name
Giuliana Monticciolo
Job Reference
JN-062022-5658516