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Mortgage Servicing Rights Analyst

Make banking a Fifth Third better®

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Perform detailed analysis on the MSR asset including prepayment and default performance and modeling, key risk metrics and detailed valuation attribution. The analyst will have a thorough knowledge of the key assumption inputs that generate the MSR cash flow. The analyst will monitor reasonableness of key valuation assumptions to appropriate benchmarks and identify areas for modeling enhancements. The analyst will provide critical support to MSR Manager in the evaluation of potential MSR portfolio acquisition.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.


+ Perform or review MSR modeled performance against actual experience and relevant external benchmarks

+ Provide critical support to head of MSR and MSR Manager in the analysis of MSR portfolios that will be bid on for acquisition.

+ Responsible for completing VRM and Volker scorecards and surveys.

+ Calculate and report data to PwC for our peer comparison survey which is used to inform opinions of market value on the MSR asset.

+ Act as principal liaison for internal audit, Volker, vendor risk, and external audit.

+ Act as Secretary in MSR Committee meetings which include but is not limited to ensuring all of the meeting minutes and materials are uploaded in accordance with Bancorp policy.

+ Develop quantitative/analytic models and metrics in support of the Banks risk measurement and performance reporting functions.

+ Quantify gaps between modeled and actual experience and develop strategies for convergence.

+ Perform or review regular analysis on MSR valuation attribution and risk metrics.

+ Maintains documentation supporting MSR valuation and daily and monthly processing procedures.

+ Creates advanced modeling methodologies and actual models for the calculation and interpretation of prepayment speeds to include various technologies such as SQL, Visual Basic or other similar methods.

+ Develop and implement processes for mark-to-market valuations, market sensitivity measurements and initial pricing/capitalization levels.

+ Performs, develops, and prepares material for the MSR Committee meeting.

+ Calculates the Gain/Loss from liquidated trades.

+ Reconciles MSR & Hedge accounts.

+ Provides backup to the MSR manager in all areas.

+ Monitors runoff and reports and analyzes by production source, product, Affiliate, investor, etc.

+ Reconciles monthly servicing data prior to performing MSR valuation.

+ Communicate results of analysis to key stakeholders including senior leadership.


+ Bachelors Degree in Finance, Mathematics or related discipline with 5-7 years of finance or related experience.

+ Experience modeling and valuing MSRs or related financial instruments preferred.

+ Superior attention to detail and data validation.

+ Strong computer skills and ability to learn and use new software.

+ Experienced user of QRM software.

Mortgage Servicing Rights Analyst

LOCATION -- Cincinnati, Ohio 45202

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.

Introduce yourself to our team to stay connected on future opportunities. We look forward to finding the right place for you. Are you ready to take the next step?

Fifth Third Bank, National Association is one of the top-performing banks in the country, with a history that spans more than 150 years. We’ve staked our claim on looking at things differently to make banking a Fifth Third better. This applies to our relationships with customers and employees alike.We employ about 18,000 people while offering:• A chance for employees to build their future, with supportive career development and comprehensive health and financial wellness programs.• An environment where we win together by celebrating achievements and working collaboratively.• An opportunity to make a difference in a positive and lasting way. Everything we do is geared toward improving lives.We’re proud that Fifth Third is a warm and caring place to grow – as a customer and as a team member.

Mortgage Servicing Rights Analyst

Full time
Cincinnati, OH

Published on 11/26/2022

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