Vice President, Consumer ABS

Company Background

FirstKey Mortgage, LLC ("FKM") is one of the world’s leading private label securitization and asset management firms. We are a boutique financial services company with a primary focus on the buying and securitizing of residential mortgage loans and other consumer receivables. Since inception FKM has excelled in acquiring, securitizing and managing real estate and other related assets in the U.S. and Europe.

Established in 2013, FKM is a portfolio company of Cerberus Capital Management and has participated on over $80+ billion rated securitization transactions across 85 bespoke ABS/MBS deals globally.

FKM employs approximately 50 mortgage banking professionals and is headquartered at 900 Third Avenue in midtown Manhattan. Our officers and directors have an average of 20+ years of industry experience.

FKM strives for business excellence and superior execution with the following critical functions:

• Managing the asset bidding and asset acquisition processes
• Efficient asset document review using machine learning and optical character recognition
• Vetting of assets for any issues with lending laws, taxes, or underlying collateral value
• Payment collection, surveillance, and loss mitigation once the asset is purchased
• Securitization of loans into bonds and marketing these assets to institutional investors

FKM is seeking a Vice President who will focus on all consumer asset acquisitions. The role will assist in generating and pitching new investment opportunities, performing diligence, deal execution and ongoing portfolio management.

Job Description and Responsibilities

• Research, evaluate and present new asset-class investment opportunities.
• Source collateral and investment opportunities through originator, bank and broker-dealer relationships.
• Underwrite new consumer, auto, point-of-sale, home improvement, credit card and other ABS acquisition opportunities.
• Work with the team across the full investment lifecycle: whole-loan acquisitions, lending facilities, securitizations, CUSIP-based trades, and ongoing portfolio performance oversight
• Coordinate with internal and external diligence, legal, and contract finance teams on new and current investments
• Produce clear analysis and reports that support investment decisions
• Monitor current portfolio of investments collaborating with technology, servicing oversight and compliance teams
• Leverage prior experience and in-house resources to review new ABS classes.

Qualifications

• 6-9 years’ experience in the financial services industry. Prefer banking experience at a broker/dealer.
• Pre-existing originator relationships to support sourcing opportunities
• Excellent interpersonal skills, with the ability to interact successfully with diverse levels of management, operational staff, counterparties, and outside vendors.
• Ability to demonstrate high quality decision making with keen problem-solving ability in a timely manner.
• Strong leadership and organizational skills
• High level of commitment, strong work ethic and positive attitude.

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position. Assignments, duties, and responsibilities may be changed at any time, with or without notice, by FKM in its sole discretion.

Compensation

The base salary for this position is expected to be between $200,000 and $225,000 annually. The base salary offered to the chosen candidate will be commensurate with a candidate’s relevant experience and other qualifications for the position, as determined by FKM in its sole discretion. In addition to the base salary, this position is eligible for an annual discretionary bonus and a comprehensive benefits package.