MSR Analyst II

Areas of Interest: Finance; Investment Management; Mortgage Servicing; Portfolio Management; Professional; Trading

Pay Transparency Salary Range: Not Available

Application Deadline: 12/04/2024

The Mortgage Servicing Rights Analyst II is primarily responsible for analyzing and managing risks associated with MSRs. This role requires the ability to manipulate large datasets to build financial models and software, and manage MSR transactions. A structured and quantitatively oriented approach is essential, including strong programming skills and an understanding of mortgage/fixed income markets, MSR hedging strategies, and MSR purchase/sale transactions.

Our team is very collaborative. Our camaraderie, shared decision-making, and mutual respect for one another are what make us a close-knit team. All team members have a stake in the game and are encouraged to share their ideas on how to create efficiencies and impact our bottom line. Going above and beyond to deliver error-free work is who we are.

• You will generate comprehensive financial reporting on the MSR asset for the MSR Valuation Committee, Asset/Liability Committee (ALCO), and the Board using historical, market, and industry data to develop key assumptions required for MSR valuation and document supporting justification for assumptions chosen.


• You will maintain thorough documentation of the MSR modeling processes and assumptions to meet regulatory and model risk management standards. You will also work with the Financial and Management Accounting Departments to monitor, understand, and meet regulatory and accounting requirements relating to all aspects of MSR.


• You will expand team capacity and efficiency by developing software which speeds up operational tasks while reducing errors. You will also create sophisticated hedge analysis tools which allow the team to better understand market conditions and hedging decision trade-offs.


• You will develop tools which allow detailed prepayment model tuning and analysis to ensure the MSR model is accurately reflecting customer behavior patterns and generating a fair value estimate. You will also develop methods and reports for understanding MSR model sensitivity to key assumptions such as prepayment speeds, discount rates, escrow value, etc.


• You will manage MSR Transactions, leading operational MSR transaction processes to achieve the Bank’s strategic goals. You will stay in tune with MSR market transactions and pricing dynamics, and facilitate bidding on deals – generating bid assumption sets and managing the approval process.


• You will negotiate Letters of Intent (LOI) and Purchase and Sale Agreements (PSA) with counterparties, brokers, and internal and external legal counsel.


• You will run the MSR valuation and shock sensitivities daily which inform hedging decisions to protect the bank from unnecessary income statement volatility.


• You will run and interpret Key Rate Duration (KRD) and other risk reports for the MSR asset and all hedge instruments while providing feedback and recommendations around hedging strategy to the MSR Manager.


• You will execute trades to implement hedging strategies to mitigate risk associated with the MSR asset and perform historical testing of theoretical hedging strategies to evaluate and support new or different hedging approaches.

• This level of knowledge is normally acquired through completion of an undergraduate degree in Engineering/MIS/CS/Math/Finance or a related quantitative field, plus 5+ years of related experience in mortgage capital markets, fixed income, quantitative finance or other related field, or equivalent combination of education and experience. Chartered Financial Analyst (CFA) is preferred. A Masters’ degree in a quantitative field is a plus.

BOK Financial Corporation Group is a stable and financially strong organization that provides excellent training and development to support building the long term careers of employees. With passion, skill and partnership you can make an impact on the success of the bank, customers and your own career!
Apply today and take the first step towards your next career opportunity!

The companies in BOK Financial Corporation Group are equal opportunity employers. We are committed to providing equal employment opportunities for training, compensation, transfer, promotion and other aspects of employment for all qualified applicants and employees without regard to sex, race, color, religion, national origin, age, disability, pregnancy status, sexual orientation, genetic information or veteran status.

Investing in our talent and building a great workplace is a top priority for us.

In order to be considered for a position with BOK Financial Corporation Group, you must complete the entire application process, which includes answering all prescreening questions and providing your eSignature on or before the application deadline.

Base salary range explanation:
The base salary range represents an average range for this position. Actual offers to be determined based on the candidate’s qualifications, skills, experience and education. See job details for salary range and bonus type.

Benefits:
BOK Financial Corporation Group offers industry-leading benefits addressing your complete physical, financial and emotional health. Click here to see our benefits.

For more than a century, BOK Financial Corporation has helped fuel the success of clients and communities. Since our humble beginnings in Tulsa, Oklahoma, we’ve grown into a diversified financial services company that serves consumers, small businesses and international corporations—and everything in between.

• Operations focused in an eight-state footprint


• 4,800 team members


• $49 billion in assets


• $100 billion in assets under management and administration


• $6.1 million donated to local nonprofits in 2022


• 33,000+ volunteer hours by our employees in 2022

Nearest Major Market: Tulsa
Nearest Secondary Market: Oklahoma
Job Segment: CFA, Financial Analyst, Mortgage, Testing, Risk Management, Finance, Technology