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Catchin' Up With...Joshua Weikers, CFA

Joshua Welkers
Joshua Welkers

My time as a student at Salisbury University was truly a highlight in my life. The knowledge I gained and the relationships I formed are invaluable and life-changing. My overall desire to succeed in the ever-evolving world of finance was solidified during my time in the Perdue School of Business.

After graduating from SU in May 2009, I immediately began working at the Financial Industry Regulatory Authority (FINRA). I started my career in FINRA's Registration and Disclosure Department and assisted with form filings and other compliance-related matters. In less than a year, I was promoted to FINRA's Office of Fraud Detection and Market Intelligence. For the next two years, I was an analyst dedicated to insider trading surveillance. Insider trading gives an unfair advantage to those in possession of material non-public information and those who act on it. The act of trading while in possession of material non-public information also distorts overall investor sentiment on the fairness and efficient information flow of today's capital markets.

My next role at FINRA was in the Fixed Income Investigations Department. Within this group, there was a continued emphasis in identifying manipulative or improper behavior in the capital markets. In the fixed-income universe, there is significantly less transparency for the average investor. FINRA's Trade Reporting and Compliance Engine (TRACE) attempts to alleviate some of the obscurity of the fixed-income market by reporting and disclosing trading levels and values. One of the most fulfilling aspects of this position was to see restitution provided to affected customers.

In July 2013, I began the next phase of my career by joining the Capital Markets Pricing Team at Fannie Mae. The team I currently work in is specifically focused on the structured products that are created by Fannie Mae and then either sold to investors or retained in the company's portfolio. I am primarily responsible for the mark-to-market valuation of Agency Collateralized Mortgage Obligations (CMOs), as well as Agency Commercial Mortgage-Backed Securities (CMBS). I am also responsible for the valuation of Residential MBS stripped securities, including both principal-only and interest-only tranches.

I look forward to where my professional journey may take me, and without a doubt, my time at the Perdue School helped to build the solid foundation on which I stand today. A goal that I set for myself while in college was to obtain the Chartered Financial Analyst® (CFA) designation, and with much dedication and countless hours spent studying, I have successfully completed that goal. I encourage all current students in the Perdue School to consider their goals beyond graduation. I have found that a desire to learn and a passion for continuous improvement will take you to places you never thought possible.

On a personal note, I currently live outside of Frederick, MD, with my wife Rebekah (MacLean-Blevins) Weikers and our two dachshunds, Chaco and Rolo. Bekah and I started dating in high school and then shared our years at Salisbury together in the Perdue School as finance majors and Student Business Leaders, and now we spend quality time together during our daily commute into Washington, D.C.

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