Huntington National Bank MSR Analyst in Indianapolis, Indiana
Huntington’s Treasury Balance Sheet Management (BSM) team sits at the hub of the bank, monitoring every aspect of the balance sheet. The Mortgage Servicing Rights (MSR) asset ($22B UPB) is a key area of interest rate volatility, and we are tracking the performance of the MSR asset and mitigating hedges daily.
We are recruiting for an MSR Mortgage Servicing Rights (MSR) Specialist who can own the modeling and reporting of valuations for both the asset and hedge. This is a solo contributor role with notable senior exposure. Responsibilities include:
Compiling and aggregating daily and monthly data feeds into standard risk reporting using QRM, other third-party valuations, and other tools developed in-house
Interrogating daily risk reporting and recommending opportunities to improve P/L risk management through purchase or sale of hedging instruments
Partnering with Home Lending, other areas within Treasury, and enterprise data teams to provide insights and identify data inconsistencies for a robust and comprehensive MSR valuation and analysis
Driving and own market value measurements and monitoring, further enhancing BSM's analytics and risk measurement activities to support Executive ALCO and other risk committees
Identifying process improvements within analytics, challenging existing processes where needed, and developing and implementing a best practice MSR valuation and modeling approach.
Maintaining the assumptions and models used in the QRM MSR module per Huntington's Model Validation Policies and Model Risk Management oversight.Deeply understanding these models and assumptions and challenging/improving them as necessary
Adhering to Controls responsibilities, e.g., from SOX, Audit, regulators, etc
Translating high-level or operational business needs into appropriate actionable analyses.
Minimum of four (4) years of experience driving strategic insights from the MSR portfolio, based on the calculation and application of key performance metrics such as market value and volatility attributions, key rate shocks, basis risk, and principal component analysis
Bachelor’s degree in Finance, Accounting, Economics or Business Administration
Experience tracking MSR valuation using QRM’s MSR software suite as well as CCAR or DFAST stress testing
Demonstrated expertise in model development
Deep understanding of the mortgage industry, including the dynamics of prepayments and mortgage markets and the resultant impact on MSR valuation
A willingness to personally be the “hands-on-keys” interrogator of data, assumptions, models, and calculations used to derive MSR asset and hedge valuations
Excellent written and verbal communication skills, with experience explaining model results and limitations to non-technical audiences
Facility with SQL and with Microsoft Office products, especially Excel
EEO/AA Employer/Minority/Female/Disability/Veteran/Sexual Orientation/Gender Identity
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