Assistant VP Mortgage Trading

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.

As 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 activities
• Develop structured pricing trades to increase volume and market penetration percentage
• Develop commitment desk platform to accommodate production targets
• Ensure best execution is implemented to rate sheet
• Work in conjunction with production to ensure Pennymac pricing is competitive in the marketplace
• Effectively and efficiently supervising all agency whole loan trading activities
• Support acquisition activities and make any strategic pricing proposals
• Complete special assignments or product development necessary to support business strategy
• Perform other related duties as required and assigned
• Demonstrate behaviors which are aligned with the organization’s desired culture and values

• Bachelor’s degree or equivalent work experience
• 5+ years of relevant work experience
• Mortgage industry with whole loan or MBS trading experience preferred
• Excellent critical thinking, problem solving, mathematical and sound judgment skills
• Highly proficient in Excel and Word

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 Vision
• Paid 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 role
• Mid-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.