MBA Innovation Leadership Program -AmeriHome Capital Markets Job at Western Alliance Bank
Job Title:
MBA Innovation Leadership Program -AmeriHome Capital Markets
Location:
CA - Westlake Village
What you'll do:
This eighteen-month rotational program is designed to develop capabilities and foster innovation to scale the company to meet its next phase of growth. The program participants will become the trailblazers in their functions, working on projects to shape the future of Western Alliance Bank. Participants will gain high-impact experience, accelerate their careers as innovator leaders, build their professional network and interact closely with senior executives.
AmeriHome Mortgage Company has one of the largest and most active capital markets teams in the country. AmeriHome’s Capital Markets team prices and enters into commitments to purchase loans from our client sellers. We actively manage the pricing, pooling and selling of these loans into the secondary market, as well as all of the market risk management, hedging, and servicing oversight activities of the mortgage company. AmeriHome Capital Markets is divided into four groups to support these functions: Servicing Portfolio Management and Oversight, Pooling/Trading Operations, Pricing/Trading, and Capital Markets Analytics.
AmeriHome Capital Markets Rotations:
Pricing/Trading
This team is responsible for pricing residential mortgage loans that are eligible for purchase by AmeriHome and Western Alliance Bank. This group also is responsible for entering into trade commitments for buying, hedging, and selling loans acquired by AmeriHome and the Bank.
These functions include:
- Pricing and delivering rate sheets to AmeriHome and Western Alliance Bank clients
- Bidding on closed loans offered for sale in auction
- Entering into trade commitments with clients
- Hedging the mortgage pipeline and loans held for sale
- Optimizing loan allocations for the formation of MBS and whole loan pooling performed by the pooling group
- Reconciling pricing for changes to trade and loan attributes post-trade
Pooling/Trading Operations
This encompasses the activities referred to as Middle Office and Back Office functions including:
- Trade entry and confirmation
- Trade margining and tie-out
- Bulk Assignment of Trade procedures
- Pooling procedures for the formation of Conventional and Government
- Whole loan and Non-Agency trade settlements
- Loan delivery to FNMA, FGLMC, GNMA including pool edits, Guarantee Fee reconciliation, and eligibility review
- Counterparty exposure tracking and reporting
- Trader limits tracking and reporting
Servicing Department
Servicing is responsible for working with and overseeing the activities of our subservicing counterparties. This group is also responsible for financial reporting of our MSR and EBO assets.
- Loan boarding
- Investor reporting and servicing transfers
- Cash management
- Customer experience
- Default servicing
- Financial reporting
What we are looking for:
Required Qualifications/Competencies
- Completed MBA in Business, Finance, Mathematics or related field within three years of program application
- CFA is a plus
- Two to Five years of relevant work experience
- History of acting as a change agent and taking calculated risks
- Affinity to innovate, disrupt and improve
- Entrepreneurial background
- Demonstrated leadership and strong interpersonal skills
- Ability to work both independently and on cross-functional teams
- Comfortable with rapidly changing environment and reprioritization of tasks
- Strong verbal, written, and interpersonal communication skills
- Experience with VBA and/or SQL is a plus
Benefits you’ll love:
We offer all the important things you'd want — like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you’ll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!
We offer all the important things you'd want — like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you’ll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!
About the company:
Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western Alliance Bank company.
Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email
HR@westernalliancebank.com
or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.
© Western Alliance Bancorporation
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