Assistant Trader/Capital Markets Analyst

Summit, NJ, USA

Job Type

Full-Time

Company

Toorak Capital Partners is an integrated correspondent lending platform that acquires business purpose residential, multifamily and mixed-use loans throughout the U.S. and the United Kingdom. Headquartered in Summit, N.J., Toorak Capital Partners acquires these loans directly from a network of private lenders on a correspondent basis.


Toorak is seeking an Assistant Trader/Capital Markets Analyst for our expanding team.


The ideal candidate will have 3+ years of experience in analyzing and trading packages of US and UK residential whole loans which include Non-QM, DSCR and business purpose loans. Experience with US and UK non-agency structures and securitization processes. Develop and nurture relationships with internal and external parties to facilitate secondary trading and marketing activities. Candidate with previous experience working for an aggregator a plus.


Essential Responsibilities

  • Support and manage the US and UK whole loan bidding and trading process along with securitization issuances of Non-QM, DSCR and business purpose loans

  • Develop, maintain, and manage all US and UK related pricing models and processes

  • Utilize programming knowledge as well as internal technology resources to create process efficiencies and enhance trading capacity and capability

  • Leverage VBA skills to develop and maintain pricing models, various reporting and multiple databases

  • Monitor trade pipeline to assist clients and internal resources in pricing

  • Measure and hedge risk generated by lock and purchase activity

  • Develop relationships with external third parties including rating agencies, banks, lawyers and lenders

Desired Qualifications

  • 3+ years experience with Non-QM, Bridge, SFR and other residential mortgage loans

  • Programming knowledge including VBA

  • Rudimentary Fixed Income Markets knowledge

  • Ability to manage multiple projects at a time and prioritize accordingly

  • Ability to effectively communicate, both written and verbally, with Senior Management regarding the progress and results of volume and timelines

  • Ability to work effectively under time constraints

  • 4-year degree from accredited university required