Residential Credit Trader at Pretium in New York, NY

Position/Title : Vice President – Residential Credit

Pretium

Pretium is a specialized investment firm focused on U.S. residential real estate, residential credit, and corporate credit. Pretium was founded in 2012 to capitalize on investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy. Pretium has built an integrated analytical and operational ecosystem within the U.S. housing, residential credit, and corporate credit markets, and believes that its insight and experience within these markets create a strategic advantage over other investment managers. Pretium’s platform has more than $57 billion of assets, comprising real estate investments across nearly 90 markets in the U.S., and employs approximately 7,000 people across 50 offices, including its New York headquarters, Miami, London, Seoul, and Sydney.

Position

We are seeking a Vice President to join the Residential Mortgage Credit team. This position will report to the Head of Seasoned Loan Trading and is based in the Firm’s New York City office.

Key Responsibilities

• Analyze and execute investment opportunities into residential credit strategies across products
• Evaluate leverage opportunities to optimize fund returns
• Oversee transactions as they progress through the typical trade life cycle
• Manage daily risk positions and review asset performance
• Ownership of asset valuation and profit and loss analysis
• Work closely with external counterparties to execute transactions
• Collaborate with business development and senior leadership to secure prospective fund investors

Requirements

• Undergraduate degree; progress towards CFA designation a plus
• Minimum 4 - 7 years of relevant experience
• Prior experience in a trading and/or underwriting role
• Strong analytics and experience with reporting and integrating various models and data
• Intermediate to advanced technical skills including MS Excel
• Ability to articulate complex strategies and concepts to a wide audience with varying degrees of product knowledge
• Comfort communicating with senior leadership and providing direction to senior support staff
• Ability to function as a project leader, attention to detail, time management, multi-tasking, and organizational skills
• Familiarity and knowledge of fixed income products, direct exposure to mortgages is preferred
• Experience utilizing pricing models and third-party pricing applications (Bloomberg, Intex, CAS, etc.)
• Exceptional written and verbal communication skills

What We Offer

This position offers the opportunity to join a collegial, entrepreneurial firm committed to the personal and professional growth of its team members and to maintaining a positive, encouraging work environment. The company offers a comprehensive benefits and perks package, including:

• Employer-paid health, dental, vision and life insurance
• 401(k) plan with an employer match
• 20 annual days of Paid Time Off (PTO) plus 12 Firm holidays
• Hybrid office/work from home arrangement (in office minimum of four days per week)
• Annual base salary range for this role is expected to be between $150,000 - $200,000
  • The actual salary will depend on various factors, including but not limited to a candidate’s experience and credentials, salary expectations of applicable candidates, and other applicable market conditions.
• Annual year-end bonus eligible

Pretium is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment regardless of race, color, religion, gender, gender identity or expression, genetic information, marital status, sexual orientation, national origin, disability, age, veteran status, or any other characteristic protected by federal, state, or local law.

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