Policy Director, Secondary & Capital Markets

Location: Washington, DC
Department: Residential Policy
Req #: 345
# of openings: 1

Description

Summary:              

Incumbent will serve as the primary staff resource devoted to policy issues related to the residential mortgage secondary and capital markets.  Incumbent’s primary focus will be to prepare MBA’s response to various legislative, regulatory, and industry issues that impact MBA’s members on topics such as Government-Sponsored Enterprise policies and programs, Federal Home Loan Bank policies and programs, Ginnie Mae policies and programs, securitization markets, and derivatives markets. Incumbent will staff MBA’s Secondary & Capital Markets Committee and Mortgage REIT Executive Council.  Incumbent will participate in the development and implementation of MBA’s legislative and regulatory strategies while working with the Senior Vice President, the Director, and other key MBA staff. 

As necessary, the incumbent will advocate MBA positions with appropriate policymakers and representatives from a wide variety of real estate, financial services, and other related organizations.  Advocacy work will include preparing policy/advocacy materials and participating in certain policy briefings and discussions.  Incumbent will represent the secondary and capital markets interests of the real estate finance industry before federal agencies, such as FHFA, Treasury, the Federal Reserve, and HUD, as well as other organizations, such as Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.  Incumbent will assist MBA’s legislative team in responding to proposed legislation affecting the secondary and capital markets.  Incumbent will also generate strategies for outreach and policy development to attract potential members from the investor community and other areas related to the capital markets.

Primary Responsibilities:

  1. Staff the Secondary and Capital Markets Committee and Mortgage REIT Executive Council, as well as related working groups and task forces.  Provide technical and policy support for these areas, as well as participate in strategy and advocacy efforts.
  2. Serve as the primary technical and policy expert on residential secondary and capital markets policy issues impacting the real estate finance industry.
  3. Liaison with key MBA members and other industry stakeholders to ensure MBA’s policy positions are well informed and reflect alignment with other groups where appropriate.
  4. Research, track, and analyze current and emerging issues as well as proposed laws and regulations affecting the secondary and capital markets.  Draft policy positions to present to the Secondary and Capital Markets Committee, the Mortgage REIT Executive Council, and other MBA staff, as necessary.
  5. Advocate MBA member interests on secondary and capital markets policy issues with FHFA, Treasury, Fannie Mae, Freddie Mac, Ginnie Mae, federal and state bank regulators, and other regulators to promote clear rules and appropriate policy for the industry.
  6. Provide substantive technical support to the Legislative and Political Affairs staff on residential secondary and capital markets issues, including assisting in reviewing draft legislative language, evaluating the potential impact of legislative proposals, and meeting with congressional staff to discuss legislation, as requested.
  7. Draft position papers, comment letters, testimony, talking points and other materials as required. 
  8. Keep abreast of developments relating to secondary and capital markets through various means such as attending meetings and conferences, as well as by maintaining regular contact with key individuals in the industry.
  9. Maintain a close professional working relationship with key individuals within federal agencies, the Government-Sponsored Enterprises, and related trade organizations.
  10. Assist other MBA staff with planning the content and structure of the National Secondary Market Conference and other programs as appropriate. 
  11. Provide speech content as requested related to secondary and capital markets issues.
  12. Perform other related duties as assigned.

NOTE:  Incumbent will devote some time for the position, as necessary, to “lobbying activities” as defined under Honest Leadership and Open Government Act of 2007.

Specifications:

Undergraduate degree required; advanced degree strongly preferred. Five or more years of experience working in the financial services industry, related trade association and/or government oversight of the industry, with some specific knowledge of the mortgage banking industry preferred. 

Must be adept at mastering numerous high profile and technically complex policy issues, have exceptional written and oral communication skills, and be well-organized with a demonstrated ability to manage multiple projects and deadlines. Candidate should be able to think strategically and also execute tactics pursuant to the strategic vision.

All qualified applicants will receive consideration for employment without regard to race, sex, color, religion, sexual orientation, gender identity, national origin, protected veteran status, or on the basis of disability.

 




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