Senior Fixed Income and Derivative Portfolio Manager
Company: Disability Solutions
Location: Des Moines
Posted on: April 26, 2024
Job Description:
At FHLB Des Moines, we work each day to develop an inclusive
culture that supports and leverages the complexity of a diverse
workforce. This enables us to effectively serve the needs of our
members and help them succeed.Independently execute daily
borrowing, investing or hedging activities. Enhance the Bank's
ability to execute trades in a timely manner, identify relative
value opportunities and maintain compliance with regulatory and
Bank policies. Interact and communicate with all areas of the Bank
and represent Treasury in Bank-wide initiatives, discussions and
committees.Accountabilities:Key Responsibilities:
- Demonstrates an in-depth knowledge of and can cover/assist in
all areas of the desk including derivatives, Advances, Treasuries,
Agencies, Fed Funds, Reverse Repurchase Agreements, Mortgage
Structured products, Municipals and Commercial Mortgage Back
Securities (funding, investing, pricing, hedging, etc.).
- Identify and execute trading opportunities and risks across all
areas of the desk including derivatives, Treasuries, Agencies, Fed
Funds, Reverse Repurchase Agreements, Mortgage Structured products,
Municipals and Commercial Mortgage Back Securities and focus
transactions on best execution, relative value and
risk/reward.
- Demonstrates a superior understanding of accounting rules,
including ASC 815, applicable regulations and Bank policies and how
those rules, regulations and policies affect trading strategies for
multiple areas of the desk.
- Regularly interact with other areas of the Bank, FHLB system
and broker dealers on trade-related activities.
- Initiates discussion to suggest and design new strategic
opportunities.
- Participates in decision making and implementation of strategic
initiatives by working independently or with others to design
analysis, resolve issues and achieve strategic goals.
- Successfully operates within a number of systems, including
Bloomberg, MarkitWire, TradeWeb, BankMate, PolyPaths and/or
Principia.
- Actively participates in Committee meetings through
discussions, questions, and utilizing effective presentation skills
to non-technical Committee members.
- Acts as a "First-Line-of-Defense" in identifying,
communicating, assessing and managing all risks of the portfolio,
including financial risk, including treasury operations, interest
rate risk and credit risk. Executes on solutions to mitigate those
risks.
- Ensures compliance with various Bank regulation and policies as
it relates to treasury functions.
- Partners with key internal stakeholders to ensure business
goals and finance strategies are aligned.
- Prepares presentations for senior leadership and board of
directors with insights into treasury reports.
- Participates in and collaborates with the team in internal and
external treasury audits.
- Provides informal mentorship and leadership to other team
members.Requirements:
- Bachelor's degree in finance, economics, accounting,
statistics, or related field required
- Masters of Business Administration (MBA) and/or Chartered
Financial Analyst (CFA) designation required.
- Minimum of seven (7) years of investment experience.
- Extensive knowledge of the markets and an understanding of
finance, economics, accounting, investment, and banking principles
and practices.
- Extensive knowledge of SQL, Bloomberg, TradeWeb, Intex,
PolyPaths, Principia, SimCorp Dimension and/or other analytical
tools utilized in the trading and analysis process.
- Established investment contact network to assist in relative
value ideas, trading, debt issuance and other portfolio management
related activities
- Documented track record of excellent trading capabilities.
- Advanced understanding of fixed income analysis, mortgage
prepayment behavior, advance pricing and derivative pricing.
- Superior knowledge of Liquidity Management practices.
- Sound understanding of risk metrics, risk framework, and ALM
(Asset Liability Management) practices.
- Excellent verbal and written communication and presentation
skills.Compensation Range:Annual Salary: $150,000.00 -
$160,500.00This salary range represents the Bank's good faith and
reasonable estimate of possible compensation at the time of hire.
Offer to be determined by selected applicant's education,
experience, knowledge, skills & abilities, as well as internal
equity and alignment with market data. This role is also eligible
to participate in the Bank's annual incentive plan. As part of our
competitive Total Rewards package, the Bank offers 11 paid
holidays, 5 weeks of PTO and a work culture that values work/life
balance. Most roles are eligible for our hybrid work schedule of 3
days per week in office, 2 days per week work-from-home. We match
100% of the first 6% you contribute to your 401(k), and provide an
additional 4% non-discretionary contribution to your 401(k) at the
end of year. More information on our Total Rewards program can be
found .At FHLB Des Moines, we celebrate diversity, work to create
an inclusive culture and champion equity in all of our policies and
practices. This enables us to effectively serve the needs of our
members and help them succeed. FHLB Des Moines is proud to be an
Equal Opportunity Employer. We prohibit discrimination on the basis
of race, color, religion, sex (including pregnancy, sexual
orientation or gender identity), national origin, age, disability,
veteran status, genetic information (including family medical
history), status as a parent or any other characteristic protected
by federal, state or local law.
Keywords: Disability Solutions, Ankeny , Senior Fixed Income and Derivative Portfolio Manager, Executive , Des Moines, Iowa
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