2024 MBA Innovation Leadership Program- Capital Markets

This eighteen-month sales development program is designed to strengthen 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 business development projects to shape the future of Western Alliance Bank.  Participants will gain a high-impact experience, accelerate their careers as innovation leaders, and build their professional network by interacting 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 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. 

Capital Markets Analytics teams:

Mortgage Servicing Rights Analytics (PolyPaths):

This team is responsible for building and maintaining the financial models, providing analytical support for trading, and hedging of Mortgage Servicing Rights (MSR).

Responsibilities include:

• Create, maintain, and deliver quantitative processes including data mining, predictive modeling and other complex data processing.
• Utilize complex quantitative software to manage the MSR/Early Buyout (EBO) portfolio and servicing positions, risk analysis, hedge strategies and market data.
• Maintain, enhance existing financial models including prepayment, mortgage rate, delinquency etc. and develop new models/algorithms when needed.

P&L Attribution (Nexus):
This team is responsible for developing and maintaining profit and loss attribution for secondary marketing pipeline and mortgage servicing rights assets.

Responsibilities include:

• Analyzing daily transactions and valuations flowing through the system and checking the completeness and accuracy
• Developing and adding modules to the system to proceed new transactions/valuations.
• Forecasting the P&L to be flowed within the month and calibrating the forecast as needed.
• Maintaining and enhancing secondary market attribution tool to analyze pipe loan hedge position and report unexpected mis-hedging is noticed.
• Reporting the daily performance to company’s management and Western Alliance management

Pipeline Analytics (Aspen):

This team is responsible for pricing, pooling, and valuation of residential mortgage loans that are eligible for purchase by AmeriHome and Western Alliance Bank.

Responsibilities include:

• Pricing of mandatory and best effort locks
• Optimizing loan allocations to maximize the revenue for the company. 
• Producing valuation for the loans in the secondary marketing pipeline and inventory positions
• Develop new models, maintain/calibrate existing models involved in secondary marketing pipeline valuation.
• Develop tools used in automation, and back-office trade/pool life cycle management. 

Required Qualifications/Competencies:

• Master’s degree required, solid background in finance, mathematics and quantitative analysis preferred.
• Two to Five years of related experience 
• History of acting as a change agent and taking calculated risks
• Fast learner with programming experience in C#, SQL and/or Python is a plus.
• Affinity to innovate, disrupt and improve.
• 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.
• CFA/FRM is a plus.