Job Details

Director Residential Mortgage Loan Trading

Company name
Metropolitan Life Insurance Company - MetLife

Whippany, NJ

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Job Location: Whippany, NJ

Role Value Proposition

: This role will be responsible for helping lead residential mortgage loan trading and for helping drive our growth in Prime Jumbo mortgage loan trading. MetLife currently has a $12B portfolio of residential mortgage loans and  Prime Jumbo is a rapidly growing part of that portfolio. 

This role will be the lead for collateral analysis and pricing on asset purchases for the insurance company and third-party client portfolios. 

Key Responsibilities:

Work with members of Residential Credit team to drive investments and create value across residential loan products for both internal and external client teams. 

Evaluated potential investments by pricing mortgage pools utilizing both internal and external models to generate potential yield profiles across scenarios.  Evaluate performance across numerous interest rate paths by evaluating option-adjusted spread pricing and understanding the convexity profile of the loans. 

Identify and evaluate new loan originators and conduits for investment potential. Conduct periodic on-site reviews of existing counterparties and provide written assessments of on-site diligence.  

Compare and assess mortgage product origination guidelines across conduits and originators. Evaluate credit and default risk arising from different underwriting guidelines.  Price assets by qualitatively reflecting these different underwriting criteria.  

Communicate relative value within the sector and compared to other investment products to internal business partners.

Maintain and expand current trading relationships.  Identify new relationships that add value to the trading platform. 

Ability to effectively communicate the asset needs of MetLife Investment Management clients to external partners. 

Participate in evaluation of securitization options for existing or potential future loan investments. 

Essential Business Experience and Technical Skills:

Minimum of 5 – 10 years experience in Residential Mortgage Loan Trading

Understanding and evaluating mortgage loan underwriting

Knowledge of mortgage loan convexity and interest rate markets, and the ability to complete transaction documents and close loan purchases

Strong record of success in Residential Mortgage Loan Trading

Software experience in Yieldbook or Bloomberg

Strong Quantitative skills

Strong verbal & written communications

Undergraduate degree required, MBA or other advanced degree preferred.

Leadership Competencies:

Creates Partnerships

– Authentically builds trusted relationships and collaborates across global, diverse and multi-functional teams to successfully drive business objectives.

Seizes Opportunity

– Seeks new opportunities and ways to create balanced business growth while improving operational capabilities.

Models our Values

– Creates a culture that promotes the company’s values and standards through role modeling, accountability and ownership of decisions.

Focuses on Customers

– Promotes customer centricity and ensures focus on creating great customer experiences to achieve competitive advantage.

Key Relationships

Reports to:

  SVP Structured Finance, Residential Credit

Key Stakeholders

: Traders and Due Diligence Leaders

MetLife is a proud equal opportunity/affirmative action employer committed to attracting, retaining, and maximizing the performance of a diverse and inclusive workforce. It is MetLife's policy to ensure equal employment opportunity without discrimination or harassment based on race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.

MetLife maintains a drug-free workplace.

For immediate consideration, click the Apply Now button. You will be directed to complete an on-line profile. Upon completion, you will receive an automated confirmation email verifying you have successfully applied to the job.

Requisition #: 98427 

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Company info

Metropolitan Life Insurance Company - MetLife
Website :

Company Profile
MetLife, Inc., through its subsidiaries, provides insurance, annuities, and employee benefit programs in the United States, Japan, Latin America, Asia, Europe, and the Middle East. It operates in six segments: Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America; Asia; and Europe, the Middle East and Africa. The company provides variable, universal, term, and whole life products; individual disability income products; personal lines property and casualty insurance, including private passenger automobile, homeowners, and personal excess liability insurance; and variable and fixed annuities for asset accumulation and distribution needs, as well as mutual funds and other securities products. It also offers group insurance products, such as variable, universal, and term life products; dental, group short- and long-term disability, and accidental death and dismemberment coverages; and voluntary and worksite products consisting of personal lines property and casualty insurance, as well as LTC, prepaid legal plans, and critical illness products. In addition, the company provides annuity and investment products comprising guaranteed interest products and other stable value products, income annuities, and separate account contracts for the investment management of defined benefit and defined contribution plan assets; and structured settlements and products to fund postretirement benefits and company-, bank- or trust-owned life insurance, as well as health insurance, group medical, credit insurance, endowment, retirement, and savings products. It serves individuals and corporations, as well as other institutions and their employees. The company sells its products through sales forces, third-party organizations, independent agents, and property and casualty specialists, as well as through career agency, bancassurance, direct marketing, brokerage, and e-commerce channels. MetLife, Inc. was founded in 1863 and is based in New York, New York.

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