Secondary Market Analyst administers all secondary mortgage market duties that aid in the selling and purchasing of loans. Analyzes mortgage loan portfolios, securities, and mortgage-related investments and considers market trends and economic conditions to evaluate the risk and return of a loan sale or purchase. Being a Secondary Market Analyst creates reports and models to forecast asset performance and works with internal stakeholders to make recommendations. Complies with secondary market regulations and company protocols. Additionally, Secondary Market Analyst may require a bachelor's degree in a related area. Typically reports to a manager. The Secondary Market Analyst occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Secondary Market Analyst typically requires 2 -4 years of related experience. (Copyright 2024 Salary.com)
The main areas of responsibility includes:
- Analysis of risk profiles and relevant risk metrics to make transparent any portfolio risks (VaR and Stress testing), various position risks, portfolio and country specific stress scenarios.
- Creating transparency for stakeholders through the preparation and provision of meaningful and timely risk information and relevant advice
- Understanding of the quantitative pricing and risk management models, their risk drivers and the impact on reported trading P&L and risk measures. A particular focus will be the assessment of special market conditions and how they affect risk dynamics and could give rise to potential portfolio tail risks.
- Responsibility for the analysis and approval of new or unusual trades & innovative structures as well as new business initiatives prior to trading.
- Enhancing the risk control framework and participation in corresponding projects in order to accommodate product innovation and regulatory developments.