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Senior MSR Hedging Analyst
at BOK Financial
Tulsa, OK

Senior MSR Hedging Analyst
at BOK Financial
Tulsa, OK

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Req ID: 51637 

Areas of Interest: Professional 

BOK Financial (BOKF), Headquartered in Tulsa, Oklahoma, BOK Financial Corporation (NASDAQ: BOKF) is a top 25 U.S.-based financial services holding company with operations in ten states – Oklahoma, Texas, Arkansas, Arizona, Colorado, Kansas/Missouri, New Mexico, Nebraska and Wisconsin. The company began more than 100 years ago in Tulsa and has successfully diversified into a variety of industries, businesses and geographies.          .

The SeniorMSR Hedging Analyst is primarily responsible for the development, communication and execution of hedging strategies designed to offset changes in the fair value of the Corporation’s Mortgage Servicing Rights (MSRs) in order to maintain a net exposure profile that is consistent with the Corporation’s overall risk appetite and within specific Board-approved risk tolerances for the MSR asset.


  1. Responsible for the formation and recommendation of hedging strategies designed to offset changes in the fair value of the Corporation’s MSR asset in the most cost efficient manner possible given the Corporation’s desired risk appetite. Conduct thorough analysis of the financial markets, the relative cost and effectiveness of the various financial instruments that compose the MSR hedge, and periodic evaluations of current hedging strategy. Perform historical testing of theoretical hedging strategies to evaluate and support new or differing approaches. Measure and monitor the risk profile of the MSR and its hedges daily, discussing material changes in both the exposure profile and related hedges with the MCM Director and Treasurer. Recommend and execute hedging transactions at the direction of the Treasurer.
  2. Lead the MSR Hedge Committee discussions with respect to the MSR exposure profile, current market environment, hedging activity and hedging strategy. Analyze the net impact of actual changes in the fair value of the MSR asset and the market value of the MSR hedge versus expectations and explains any material differences in effectiveness to the Treasurer and MSR Hedge Committee. Prepare detailed monthly narrative that summarizes financial market activity, underlying reasoning for hedge activity, and attribution of P&L results to primary drivers for consumption by Executive Leadership.
  3. Work with internal and external business partners to ensure compliance with related regulatory requirements, accounting standards and internal policies. Keep pace with market and regulatory changes and recommends necessary updates the MSR Risk Management (Hedging) portion of the MSR Asset Policy.
  4. Interact and maintain relationships with third-party vendors and other contacts related to the MSR hedging program. Performs other analyses and reporting as needed to support departmental objectives.


  • Working knowledge of fixed-income mortgage securities and markets is essential.
  • Advanced knowledge of options theory, derivative markets and instruments, macroeconomics and financial markets.
  • Strong quantitative skills with solid grounding in basic mathematical and statistical concepts.
  • Strong business analysis skills to enable efficient, accurate and objective decision making
  • Strong quantitative, communication and presentation skills
  • The ability to drive initiatives independently from inception to completion, and achieve results within prescribed scope and timelines.
  • Excellent written and oral communication skills at all levels (i.e. colleagues to senior management) and situations (i.e. one-on-one to presentations)
  • Experience with third-party risk systems such as MIAC, RiskMetrics, YieldBook or Bloomberg.
  • FRM or CFA designation.

This level of knowledge is normally acquired through completion of a Graduate level degree in Finance, Economics, Engineering or a similar discipline and 3+ years’ experience in fixed income mortgage trading, portfolio or risk management. 

BOK Financial is a stable and financially strong organization that provides excellent training and development to support building the long term careers of our employees. With passion, skill and partnership you can make an impact on the success of the bank, our customers and your own career!

Apply today and take the first step towards your next career opportunity!
BOK Financial is an equal opportunity employer.  We are committed to providing equal employment opportunities for training, compensation, transfer, promotion and other aspects of employment for all qualified applicants and employees without regard to sex, race, color, religion, national origin, age, disability, sexual orientation, genetic information or veteran status.

Attention All Third Party Agencies, Headhunters, and Recruiters
BOK Financial and its Subsidiaries will not accept candidate submission by unsolicited third parties through this site or any company email address. All unsolicited candidates presented to BOK Financial and its Subsidiaries will be considered the property of BOK Financial. BOK Financial and its Subsidiaries will not be responsible for any fees associated with unsolicited candidates, nor will a contractual relationship be formed by the submission. BOK Financial and its Subsidiaries are not obligated and will not under any circumstances pay any fees to said third parties submitting candidates in this manner. BOK Financial and its Subsidiaries only forms contracts with recruiters with whom we have an established business relationship and with whom we have in place a signed agreement. All contact with BOK Financial and its Subsidiaries from third parties must be through our Human Resources Department. Any contact made outside of the BOK Financial Human Resources Department by a third party will cancel any future business relationships between the third party and BOK Financial.

Please contact recruiting_coordinators@bokf.com with any questions. 

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