BOKFS, Sr Mortgage Allocations Analyst

Invest in your career with us! If you're looking for a job that combines a passion for innovation, opportunities for growth, and a culture of teamwork, then you've come to the right place. If you enjoy being resourceful and executing complex tasks, then we have an exciting opportunity awaiting someone like you!

The Senior Mortgage Allocations Analyst is responsible for the allocation of Mortgage Backed Pools to Forward "To Be Announced" Mortgage Backed Trades. It is necessary to implement Mortgage Trading Strategy, within the framework of the Bond Market Association Guidelines to enhance the profitability of Mortgage Trading pool positions. The analyst is responsible for the timely trade capture of all Mortgage Backed trades and the reconciliation of all pool and forward trader positions to internal books and records. The analyst is also responsible for supervising timely settlement of all MBS pool transactions and remediating discrepancies.

We believe in one team, one goal. You will form relationships with your peers and develop a buddy system to help balance the workloads when necessary. Our camaraderie, shared decision making, and mutual respect for one another are what make us one big happy family. As stakeholders, all team members are encouraged to share ideas and best practices that will positively impact the bottom line.

Our team culture inspires our entrepreneurial spirit. It empowers us to act as trusted advisors for our clients and communities while using our discipline and business savvy to make the right decisions.

• You will be executing timely allocations of MBS pools to forward TBA's.
• The highest volume of MBS trades are traded as TBA or "To Be Announced" transactions. 48 hours before settlement the MBS Allocations Analyst receives pool information, analyzes it and announces it to the Sell side. Notification must occur before a strict deadline of 3:00 pm or the firm will be charged fail penalties. By analyzing the information received, the Analyst can identify and extract valuable "pay up pools" from the information flow and provide profitability opportunities for the trading desk. This process occurs under extreme time pressure.
• You will be responsible for trade capture and confirmation of all MBS trades.
• The Analyst works closely with Trading and Sales to ensure that trades are added to the Firm's books and records in a timely and accurate manner. He/she is also responsible for timely confirmation of trades with Counterparties. Additional processing to the trade is usually required before the trade is allocated and settled.
• This requires expert knowledge of MBS products, trade types, operational workflows and trade settlement procedures. The Analyst must have a strong understanding of the full front to back process: all the processes and procedures between trade execution and settlement.
• You will reconcileBOKF books and records to Trader maintained position.
• The current CT Trading Desk Trading Positions, Risk and P&L platform is maintained on desk-developed spreadsheets. These must be manually maintained and reconciled to the Firm's books and records. Position and trade errors must be identified and amended immediately. The MBS Analyst works closely with the Traders to conduct multiple intraday reconciliations with self-developed spreadsheets and search tools. The CT Office is working to upgrade current systems and the Analyst will be required to continue developing and expanding this procedure as technology is enhanced.
• You will monitor and reconcile Fixed Income Clearing Corporation Advisories and Un-compared trades.
• MBS trades are submitted, matched, margined and netted through a service called the Fixed Income Clearing Corporation. The Analyst is responsible for monitoring trade matching and liaising with Traders and Counterparties to resolve discrepancies. This is an ongoing intraday function that mitigates operational risk and liability.

This level of knowledge is normally acquired through completion of a Bachelor's degree in Finance, Accounting, or a business related field. A minimum of 5-7 years of prior work experience in banking, structured finance, and/or mortgage trading/operations.

• Extensive knowledge of the MBS market, MBS trading desk operations, and MBS allocations, including Bloomberg TOMS, MBSExpert, and Ion.
• Extensive knowledge of all types of Agency MBS (FNMA, FGLMC, and GNMA)
• Extensive knowledge the mortgage allocations process and various settlement cycles and the ability to implement allocation strategies to enhance profitability.
• Strategic and effective time management and prioritization skills in a fast paced environment
• Strong interpersonal skills including verbal and written communication skills so that this person can interact, not just with the internal desk, but with the various counterparties that our trading and sales desks face.
• Strong initiative with excellent organizational skills and the ability to adhere to strict industry deadlines.
• Expertise with Fixed Income Clearing Corporation applications
• Expertise in applying Bond Market Association Guidelines for the Settlement of MBS to everyday functions.