PNC Capital Markets Managing Director I-Trading F 

United States, New York, New York 

31767380

Finra licensed required: SIE, Series 7 and 63. Required within 120 days of hire.Extensive background in structuring, marketing and trading MBS Spec Pools/CMOs
Very good understanding of Mortgage cashflows, prepayments and prepay models
Extensive experience managing risk, hedging MBS, CMOs, Swaps, Treasuries
Knowledgeable and experience trading CMO IO/Inverse IOs is a plus
Ability to connect with clients and via salespeople to market trade ideas and generate flows
Connectivity to many MBS and CMO investors is a plus
10+ years of experience In Agency MBS/CMO Trading
Experience with Intex Dealmaker/Bloomberg/ Yieldbook/ CMO Structuring tools
Strong quantitative analysis, technology and financial analysis skills
Risk management skillsJob Description

• Lead and manage trading strategy and execution for select capital markets products. Makes markets in designated customer products and manages portfolio risk. Enforces team's compliance with risk and regulatory requirements. May be responsible for a team of traders.
• Works strategically with traders, sales team, relationship managers, and investment bankers to develop and execute moderatly complex trading/hedging strategies. Maintains relationships with buyers and sellers. Drives accountability for business results and ensures appropriate training, coaching, development, and mentoring of staff.
• Identifies relative value opportunities and make markets. Monitors market conditions and manages risk across specified team's trading portfolios.
• Work with stakeholders to develop comprehensive capital markets and selling strategies to maximize revenue and new business activity. Focuses market/product coverage efforts and ensures appropriate resource allocation.
• Monitors trading activities, industry and market developments, and regulatory requirements. Enforces compliance with policies and regulations. Works with stakeholders to develop/modify relevant policies and guidelines. Provides coaching to team members.

PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be:

• Customer Focused - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions.
• Managing Risk - Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC's Enterprise Risk Management Framework.

PNC also has fundamental expectations of our people managers. As a manager of talent in PNC, you will be expected to:

• Include Intentionally - Cultivates diverse teams and inclusive workplaces to expand thinking.
• Live the Values - Role models our values with transparency and courage.
• Enable Change - Takes action to drive change and innovation that will transform our business.
• Achieve Results - Takes personal ownership to deliver results. Empowers and trusts others in decision making.
• Develop the Best - Raises the bar with every talent decision and guides the achievement of all employees and customers.

Qualifications

Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role. Listed below are skills, competencies, work experience, education, and requiredneeded to be successful in this position.

Roles at this level typically require a university / college degree. Higher level education such as a Masters degree, PhD, or certifications is desirable. Industry-relevant experience is typically 8+ years. At least 5 years of prior management experience is typically required. Proven leadership experience with a moderate to large scope of responsibility is required. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.No Required Certification(s)Public Finance & Healthcare - SIE, Series 52 & 63 (79 optional) within 180 days of employment. Asset Backed Finance - SIE, 7, 79 and 63 within 180 days of employment. DCM (Loan Syndications & Equipment Finance) – SIE, Series 79, Series 7, and 63 within 120 days of employment. Derivatives – SIE, Series 7 and 63 within 120 days of employment. FIG – SIE, Series 7 and 63 within 120 days of employment. Fixed Income – SIE, Series 7 and 63 within 120 days of employment. Foreign Exchange – SIE, Series 7 and 63 within 120 days of employment. Fixed Income (Tax-Exempt): Municipal Trading and Underwriting – SIE, Series 52 and 63 (or Series 7, if taken prior to 11/7/2011, is acceptable in lieu of Series 52) within 90 days of employment. Municipal Sales – SIE, Series 7 or 52, and 63 within 90 days of employment. ESOP - SIE, 63 and 79 within 120 days of employment. Other appropriate licenses (e.g. supervisory licenses) may be required at the discretion of the manager.

This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA) and, for any registered role, the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) and/or the Financial Industry Regulatory Authority (FINRA), which prohibit the hiring of individuals with certain criminal history.

California Residents

Refer to the