Pine River Capital Management

  • Operations Associate - Two Harbors

    Job ID
    2018-1937
    # Positions
    1
    Category
    Accounting
  • Overview

    Two Harbors Investment Corp.

     

    Two Harbors Investment Corp. is a publicly traded mortgage real estate investment trust, or REIT. Our objective is to provide an attractive risk-adjusted total return to our stockholders over the long-term through dividends and capital appreciation. Our mission is to be recognized as the industry-leading mortgage REIT. We take an opportunistic investment approach to the residential mortgage sector, including residential mortgage-backed securities, mortgage servicing rights and other financial assets.

    Two Harbors today is the largest hybrid mortgage REIT with a market capitalization of over $3.5 billion. Two Harbors is externally managed and advised by PRCM Advisers LLC, a wholly owned subsidiary of Pine River Capital Management L.P. Two Harbors trades on the NYSE under the ticker symbol “TWO”. 

    Position Description: 

    This position will focus on mortgage backed securities and treasury operations.  Primary responsibilities will follow the operations trade lifecycle inclusive of data flow, security setup, trade confirmation, reconciliation and fails/breaks monitoring.

    Responsibilities

    • Trade confirmation for all MBS trades – RMBS, CMBS, Pools, TBAs, Repos, Interest Rate Swaps, Swaptions, as well as any other security types traded to support the MBS desk.
    • Security setup and data maintenance, including reconciliation of lifecycle events such as monthly P&I payments.
    • Daily review of prematching and fails of all trades in their respective settlement markets.
    • Reconciliation of positions and activity across all holdings.
    • Maintaining excellent communication between internal and external contacts. This position interacts with executing brokers, prime brokers, treasury, accounting and trading.
    • Respond to ad hoc securities operations and treasury requests.
    • Assist the treasury department with daily margin analysis, the execution of margin calls, and the settling of monthly interest accruals on collateral balances.
    • Ability to problem solve and investigate ad-hoc issues.

    Qualifications

    • 4-year degree in Finance, Accounting, or related field.
    • 0-3 years experience, preferred in a financial services firm.
    • Experience with Microsoft Office products including advanced Excel skills, VBA knowledge preferred.
    • Demonstrated ability to work under pressure and meet deadlines.
    • Outstanding communication skills – written and verbal.
    • Ability to work effectively in a fast-paced environment.

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