At Freddie Mac, our mission of Making Home Possible is what motivates us, and it’s at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose.
Position Overview:
This role will be a part of the Mortgage Backed Securities (MBS) Operations team within Investment and Capital Markets (I&CM) Operations. MBS Operations provides direct functional support to the Agency, Cash Window, Loan Portfolio Management & Structuring desks within the I&CM Division as well as the Multifamily trading desk.
This role will be based in NYC, NY.
Our Impact:
- Provide back-office trade support functions such as new security set ups, trade confirmations, settlements, clearance and reconciliations for Mortgage Backed Securities and related products
- Responsible for executing and maintaining SOX and non-SOX (operational) controls
Your Impact:
- Perform trade confirmation, settlement, clearance, and reconciliation activities
- Serve as primary support to portfolio managers on the Agency Portfolio Management team. Support in all functions related to trade entry, data recording, ad-hoc analysis, and risk management
- Exercise discretion and independent judgment with documentation and procedures to facilitate effective settlement of asset purchases and sales in a timely and controlled manner
- Identify and resolve data discrepancies and trade fails
- Interface with and communicate to external Brokers and Dealers and internal business areas
- Prepare daily, weekly, and monthly reports as needed
Qualifications:
- 0-2 years of related experience in the finance and mortgage industry and experience with Capital Markets products preferred
- Bachelor’s Degree in Finance, Business Administration or related discipline or an equivalent combination of education and experience
- Proficient in Excel but also a desire to grow technical macro skills
Keys to Success in this Role:
- Multi-task/prioritize
- Ability to work in a team environment as well as autonomously under high pressure situations and sensitive deadlines
- Knowledge of Fixed Income Investment products, specifically Mortgage Backed-Securities
- Strong problem-solving skills and meticulous attention to detail
- Desire to grow professionally
Current Freddie Mac employees please apply through the internal career site.
We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
A safe and secure environment is critical to Freddie Mac’s business. This includes employee commitment to our acceptable use policy, applying a vigilance-first approach to work, supporting regulatory mandates, and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.
CA Applicants: Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.
Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more, please visit www.BountyJobs.com and register with our referral code: MAC.
Time-type:Full timeFLSA Status:Non-ExemptFreddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.
This position has an annualized market-based salary range of $58,000 - $88,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.Similar Jobs
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What We Do
Freddie Mac is serving America’s homebuyers, homeowners and renters by financing the creation and preservation of more affordable homeownership and rental opportunities, providing liquidity, stability and affordability to the housing market. We are Making Home Possible for families across the nation.
