This position will report directly to the Head of Capital Markets and be a senior member of the capital markets team. This position will incorporate a wide-ranging set of activities and responsibilities related to the analytical and data-driven culture promoted within Ocwen. This position will lead a centralized analytics team that will produce actionable business intelligence related to an array of loan types, assets, and lines of business. This team's output will be leveraged across the organization to identify areas of strength, weakness or opportunity and will support pricing, asset valuations and other business decisions. This individual should have a unique and comprehensive knowledge of the mortgage industry, including origination, servicing, governance, pricing, trading/ hedging, returns, risk and modeling, as well as an incomparable ability to simplify extensive data and technical information for communication.
JOB FUNCTIONS AND RESPONSIBILITIES:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.
Review internal operational reports vs best practices/ market standards to identify areas of opportunity or assess impact of variances versus peers on metrics such as turn times, fallout, delinquencies, costs, etc
Review peer publications to develop insight into business trends, as well as both successful and unsuccessful strategies
Mine internal data on both the origination and servicing side of the business to uncover anomalies, asymmetries, variances, etc for business intelligence that drive company opportunity
Streamline analyses and build efficient processes to measure risk
Remain apprised of regulatory changes in the industry that could materially impact Ocwenâ€™s business
Analyze pricing, margins, costs, and other P&L drivers for executive communication and optimization opportunities
Support internal teams in developing, maintaining, and updating statistical and formulaic approaches to pricing, asset management, and forecasting activities
Develop robust and comprehensive models with broad flexibility for use in reporting/ explanations of analytics, executive requests, or by other teams/ departments for optimization or forecasting purposes
Augment and maintain a robust set of reports related to the risk profile of the business operations and its portfolio
Develop a holistic framework that captures the company's assets and business lines to support a directional measure of risk under various economic scenarios, including interest rate risk, liquidity risk, operational risk (capacity), pricing risk, etc
Support analytics related to the pipeline and its risk profile, as well as the hedge position
Support best execution analytics of Capital Markets team
Support production line of business with any analytics or competitive positioning/ pricing questions they may have
Support growth strategy to augment the servicing portfolio through acquisitions
Support accounting and planning activities through research on market forecasts/ trends
Support a mark-to-model approach to value MSR asset consistent with market bids/ trades and third-party valuations
Support analytics of the MSR asset both in the aggregate and by type, including FNM, FRE, PLS, Non-QM, Reverse, HELOC
Support MSR manager in presentation and communication of MSR data, and contextualize the data against peer data or historical averages, or other objective data points, especially when rationalizing variances
Manage back-testing efforts for all Capital Markets models/ analytics as well as for MSR management
Assess, contextualize, and communicate MSR yields based on internal assumptions/ drivers (Ex: ROA, ROE, CPRs, recap)
Analyze the spreads, profitability, performance characteristics, risk profiles and opportunities across all loan types: FNM, FRE, PLS, Non-QM, Reverse, HELOC, whole loans, call rights
Guide team on pricing that is calibrated to market
Create transparency for internal business units regarding shifts in demand and supply both internally and from the broader market
Superlative ability to convey technical information in a concise and executive manner
To perform this job successfully, an individual must have the following education and/or experience:
Bachelors Degree Required
Minimum of 15-20 years mortgage experience required
Minimum of 10 years within capital markets, with increasing levels of responsibility
Minimum of 7 years experience with modeling related to the mortgage industry
Minimum of 10 years experience with Microsoft excel, with advanced skills
Minimum of 10 years leading people
Superior analytical and critical thinking skills
Ability to solve complex and unusual technical, administrative, and managerial situations
Superior interpersonal skills and ability to communicate complex information effectively
Advanced decision-making skills with ability to analyze short and long-term effects of pricing and market movements
Strong problem solving skills, including ability to formulate solutions to non-routine problems.
Self-motivated and capable of working independently.
A demonstrated and proven ability to multi-task and meet deadlines in a fast-paced deadline-driven and constantly changing environment
A successful track record of developing strong relationships across a broad range of leadership functions allowing the person to effectively influence and effect change.
Strong written and verbal communication skills.
Ability to partner with all levels of management to ensure effective implementation of time-sensitive initiatives and identify deficiencies and opportunities for improvement
Ability to effectively facilitate meetings, develop management reports and proven analytical ability for both micro and macro level data.
Ability to lead multiple departments and teams. Responsible for providing employees with timely, candid, and constructive performance feedback. Develops employees to their fullest potential and provides challenging opportunities that enhance employee career growth.
Strong relationship management skills with the ability to interface confidently with internal/external parties, and to influence others at all levels of the organization, including senior executives, to drive results
Training / Licensing Requirements:
Must pass the Companyâ€™s Background Screening process prior to beginning employment. Additionally, as a condition of employment, you may be required to pass client-specific background check requirements or Federal/State licensing requirements, if applicable.