Lead Product Manager, Capital Markets & Pricing

The role

You will own how loans are priced, locked, and sold, from borrower rates to secondary market execution. You will set the strategy for capital markets and pricing, build pricing models, and write and ship code for the pricing engine.

What you will do

• Set the strategy for capital markets and pricing
• Own the roadmap for the pricing engine, product eligibility, rate locks, and secondary execution
• Automate best execution across agency cash and MBS, aggregators, and whole loan buyers
• Build pricing models and strategies
• Write and ship code for pricing models, analysis, and the pricing engine
• Design loan products and work with investors to bring them to market
• Make pricing real-time and available through the API
• Cut cost and leakage across the loan lifecycle
• Work with the capital markets team on hedging, pipeline risk, and warehouse capacity
• Build integrations with investors and counterparties

Required qualifications

• 4+ years in product management, or in a quantitative role like quant research, trading, or pricing at a hedge fund, bank, or trading firm
• Very strong quantitative skills
• Built pricing or risk models
• Worked with real market data
• Fluent in SQL and Python
• Owned and scaled pricing, marketplace, payments, or other products where small changes in economics have a big impact
• Write code and are comfortable committing to a production codebase
• Built 0-1 products in a regulated industry
• Hungry to learn mortgage capital markets from first principles
• Must live in or be willing to relocate to Palo Alto (CA) or New York City

Nice to have

• experience in mortgage capital markets
• secondary marketing
• pricing engines
• launching loan products

About the company

Pylon created the first vertically integrated mortgage platform that turns origination into a single API. The company is backed by Peter Thiel, Conversion Capital, QED, Citi, Fifth Wall, and the founders of Ramp, Blend, and Mercury.