[Hiring] Senior Vice President, Associate General Counsel @Pennymac

Role Description

Pennymac is on the lookout for a high-caliber transactional legal professional with a passion for Capital Markets and Secondary Marketing. This role can be remote or in-house in any one of our locations. We are hiring a Senior Vice President, Associate General Counsel with extensive experience in:

• Reviewing, negotiating, and drafting deal documents related to complex mortgage securitizations, bulk whole loan sales, mortgage servicing rights (MSR) transactions, derivatives (ISDAs/MSFTAs), and other structured finance transactions.

This strategic role is perfect for a detail-oriented expert with at least 5 years of relevant experience. The selected candidate will have the opportunity to interface with senior management and drive high-impact transactional work in a collaborative environment.

The SVP, Corporate Associate General Counsel will:

• Review, negotiate, and draft Mortgage Loan Purchase and Sale Agreements, Mortgage Loan Servicing Rights (MSR) Acquisition and Sale Agreements, Mortgage Loan Repurchase Agreements, Mortgage Loan Servicing Agreements, and Confidentiality Agreements; provide legal counsel on transaction structuring, asset transfer requirements, and risk allocation for MSR and whole loan sales.
• Provide strategic legal counsel on consumer mortgage compliance and asset eligibility, ensuring strict alignment with Qualified Mortgage (QM) requirements, Ability-to-Repay (ATR) rules, CFPB regulations, and Agency requirements (FNMA, FHLMC, and GNMA).
• Structure, draft, and negotiate ISDAs, MSFTAs, and Securities Repurchase Agreements.
• Review and update derivatives trading policies to ensure compliance with Dodd-Frank, ISDA protocols, and the rules and requirements governing Commodity Pool Operators (CPOs) and Commodity Trading Advisors (CTAs).
• Review, negotiate, and draft company and third-party mortgage loan securitization documents, including Pooling and Servicing Agreements (PSAs), Custodial Agreements, Indentures, Trust Agreements, Escrow Agreements, In-House Legal Opinions, and Indemnification Agreements.
• Review and negotiate offering documents, including Private Placement Memorandums (PPMs), Offering Circulars, Prospectuses, and Term Sheets.
• Oversee the legal aspects of the securitization due diligence process, including managing Third-Party Review (TPR) firm engagements and reviewing and negotiating Due Diligence Questionnaires (DDQs) and related agreements.
• Draft, review, and revise Originator and Servicer Disclosures in connection with company securitizations and third-party securitizations, ensuring adherence to disclosure and reporting requirements of Regulation AB and Federal Securities Laws.
• Manage and ensure compliance with securitization regulatory frameworks, including US credit risk retention requirements, SEC Rule ABS-15G reporting, and other applicable Federal Securities Laws.
• Perform other related duties as required and assigned.
• Demonstrate behaviors that are aligned with the organization’s desired culture and values.

Qualifications

• Post-graduate degree.
• 5+ years of relevant work experience.
• Significant experience in secondary market and capital markets transactions, including bulk whole loan sale transactions, third-party mortgage securitization transactions, and related regulatory and compliance requirements.
• Knowledge of mortgage loan origination, compliance, underwriting, servicing, and subservicing is a plus.
• Must be highly proficient in Word.
• Must be a team player, with the ability to work independently, and possess a strong attention to detail, excellent critical thinking skills, sound judgment, and the capacity to handle multiple projects effectively.
• Strong business acumen and ability to interface with senior and executive management.

Benefits

• Comprehensive Medical, Dental, and Vision.
• Paid Time Off Programs including vacation, holidays, illness, and parental leave.
• Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe-style dining (select locations).
• Retirement benefits, life insurance, 401k match, and tuition reimbursement.
• Philanthropy Programs including matching gifts, volunteer grants, charitable grants, and corporate sponsorships.

Compensation

Individual salary may vary based on multiple factors including specific role, geographic location/market data, and skills and experience as defined below:

• Lower in range - Building skills and experience in the role.
• Mid-range - Experience and skills align with proficiency in the role.
• Higher in range - Experience and skills add value above typical requirements of the role.
• Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance.

Salary: $140,000 - $175,000

Work Model

REMOTE