National Life Insurance Company

National Life Insurance Company

Director, RMBS Trading & Residential Credit Investing

Addison, TX; Montpelier, VT · Director

Work authorization required$163k-$239kDetected 11 hours ago
StatisticsNegotiationFinancial ModelingLeadershipCollaborationPublic SpeakingUnderwriting

About the role

  • Come join one of America's fastest-growing insurance companies.
  • Since 1848, National Life Group has aimed to keep our promises, providing families with stability in good times and in bad.
  • Throughout that history, we have provided peace of mind to those families as they plan their futures.

Responsibilities

  • Manage and actively trade multi-sector RMBS portfolio, including agency, non-agency, CRT, NPL/RPL, and other structured credit subsectors.
  • Develop and enhance internal pricing models and analytical frameworks to support trading decisions.
  • Build loan-level pricing models incorporating prepayment, default, severity, and rate assumptions.
  • Manage and mentor junior team members responsible for modeling and portfolio surveillance.
  • Manage acquisition and disposition of whole loan asset classes
  • Design and implement robust portfolio monitoring and delinquency tracking frameworks.
  • Develop expected loss modeling and pricing optimization tools.
  • Collaborate with middle and back-office teams to design underwriting and operational processes.
  • Each company of National Life Group is solely responsible for its own financial condition and contractual obligations.

Requirements

  • Bachelor's degree in Economics, Finance, Mathematics, Statistics, or related quantitative field
  • strong academic record required.
  • 7+ years of experience in RMBS trading, whole loan trading, residential credit investing, structured products, or mortgage analytics.
  • Deep knowledge of residential mortgage products, securitization structures, and credit performance drivers.
  • Experience presenting investments to Investment Committees.
  • AI Proficiency Expectations
  • Strong financial modeling skills (loan-level cash flow modeling, scenario analysis, yield and spread analysis).
  • Demonstrated ability to manage portfolios and drive P&L performance.
  • Strong negotiation and cross-functional collaboration skills.
  • At National Life Group, we view AI as an enabler of human potential. We use AI to help us work smarter, serve more clients, and keep our promises, while remaining a relationship-driven business where our people are our greatest strength.
  • All applicants are expected to:

Nice to have

  • Prior team leadership or analyst management experience preferred.

Skills

  • Leverage approved AI tools, where appropriate, to improve the efficiency, quality, and impact of their work.
  • Stay curious and open to new AI-enabled ways of working.
  • Exercise sound judgment by reviewing and validating AI-generated content.

Compensation

  • The base pay range for this position is the range National Life reasonably and in good faith expects to pay for the position taking into account the wide variety of factors, including: prior experience and job-related knowledge; education, training and certificates; current business needs; and market factors.
  • The final salary or hourly wages offered may be outside of this range based on other reasons and individual circumstances.
  • Additional Compensation and Benefits.
  • The total compensation package for this position may also include a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered.
  • The successful candidate may also be eligible to participate in National Life's discretionary annual incentive programs, subject to the rules governing such programs.
  • If hired, the employee will be in an "at-will position" and National Life reserves the right to modify base salary (as well as any other discretionary payment or compensation or benefit program) at any time, including for reasons related to individual performance, company or individual department/team performance, and market factors.
  • Salary Pay Range
  • $163,125 - $239,250 USD

Benefits

  • Your benefits start day one and are flexible and customizable to your and your family's specific needs.
  • Check out the BENEFITS of a Career at National Life!
  • education, training and certificates
  • Additional Compensation and Benefits.
  • National Life Group® is a trade name of National Life Insurance Company, Montpelier, VT - founded in 1848, Life Insurance Company of the Southwest, Addison, TX - chartered in 1955, and their affiliates.
  • Life Insurance Company of the Southwest is not an authorized insurer in New York and does not conduct insurance business in New York.
  • Equity Services, Inc., Member FINRA/SIPC, is a Broker/Dealer and Registered Investment Adviser affiliate of National Life Insurance Company.

Company info

  • NLG Capital, the investment management company of NLG, manages approximately $40+ billion in AUM. Our purpose is simple - to allow NLG to keep its promises. How we do this - an obsessive focus on delivering investment results. We drive results through a rigorous but collaborative investment process, and we hold ourselves to the highest of standards, both as investors and teammates. While our process is based on rigor, our culture is based on our guiding principles: Meritocracy, Uncompromising Transparency, Intellectual Honesty, Performance Driven Learning, Relentless Pursuit of Excellence. These principles serve as the foundation of our team. They govern the way we conduct ourselves, how we interact with teammates and how we approach every investment decision. We act with the integrity and humility required to make the investment decision that is right for the firm, and ultimately our policyholders. Our culture has been deliberately built to foster curiosity and provide opportunities to learn and grow, both as people and investors. The flat and collaborative nature of our team promotes an atmosphere where the best ideas are continually expressed and rewarded. Our pursuit of excellence is unwavering.
  • Please note that we do not offer visa sponsorship for this position.
  • Position Overview
  • The Director of RMBS Trading & Residential Credit Investing is responsible for leading residential mortgage-backed securities (RMBS) trading, whole loan trading, and private residential credit investment initiatives. This role oversees portfolio management, sourcing, pricing, structuring, and execution across a broad range of residential credit asset classes. The Director drives relative value analysis, develops proprietary analytical tools, manages junior team members, and partners cross-functionally to deliver attractive risk-adjusted returns.
  • Conduct relative value analysis, performance surveillance, and risk monitoring across holdings.
  • Source and evaluate market opportunities, maintaining relationships with buy-side and sell-side counterparties.
  • Oversee portfolio analytics, scenario analysis, and performance attribution.
  • Coordinate transaction execution with legal, transaction management, counterparties, and servicers.
  • Prepare and present detailed investment committee memoranda outlining return expectations, risk factors, and sensitivities.

Visa & Work Authorization

  • Please note that we do not offer visa sponsorship for this position.
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This listing is sourced directly from National Life Insurance Company's careers page and normalized into a canonical job model.