Overview
On Site
Compensation information provided in the description
Full Time
Skills
5 years of investment experience
Fixed Income Derivative Portfolio Manager
Job Details
Description:
Fixed Income Derivative Portfolio Manager Federal Home Loan Bank, Des Moines
What this position will be doing:
o Typical day in this role start between 6-6:30AM and they will come in and see what the balances are and the cash needs or funding needs that we have. At 7:00 there is a call with the Office of Finance and all FHLBanks where they will provide market updates, and we compare that to what we are monitoring from Bloomberg. Discussions on funding needs of different banks will happen and we'll put together a funding plan and we will fund and make cash investments and other investment activities. This team will price the advances and will hedge the funds. There are also ad hoc projects this person would be involved in. This person would need to stay until 5:00 on a regular basis and some people do stay until 5:30. Regular work schedule of 6AM -5PM every day.
o This position would be 100% in office and no hybrid schedule.
Must Haves:
o Bachelor's degree in finance, economics, accounting, statistics, or related field required
o Minimum of 5 years of investment experience
o Knowledge of fixed income, securitized products, and derivatives
o Strong analytical skills
o Ability to identify trading opportunities
o Detail oriented
Wants/ Preferred Knowledge:
o Trading
o Technical skills VBA, Excel, SQL
o Short-term money market
o Willingness to learn
Soft Skills:
o Working in a fast-paced environment
o Attention to detail
o Team player
o Motivated
Screening Questions:
o Summary of your experience in trading fixed income securities?
o What products have you traded?
o Rate your understanding of fixed income derivatives and risk/valuation of fixed income products.
o Rate your understanding of fixed income security market.
Interview Structure:
o 1st Round 45 minutes Webex interview
o 2nd round - 60-minute onsite interview
Pay:
o $119,243 - $133,272 + 15% incentive target based off Bank performance
o Relocation assistance
Under the direction of the Treasurer, Associate Treasurer or other Traders, 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 on an interpersonal basis with regards to process recommendations and trade ideas for a specific area of expertise.
Accountabilities:
Key Responsibilities:
Enhance the Bank's financial performance by recommending and executing attractive relative value transactions for the Bank's funding, investment and derivative activities within Bank's asset/liability objectives.
Develop and maintain analysis of market events and how it impacts Capital Market Activities.
Act as a Liaison for Treasury to other departments, the FHLB system and the Office of Finance to strengthen partnerships and improve performance.
Maintain and improve Treasury policies and procedures to help business performance by reviewing, evaluating and updating current procedures.
Build and strengthen relationships with broker/dealers to improve trade execution.
Perform back-up roles as necessary to support the Trading Desk Personnel.
Perform other duties and projects as assigned.
Manage departmental internal controls and regulatory issues.
Requirements:
Bachelor's degree in finance, economics, accounting, statistics, or related field required
Advanced degree in the above fields or Masters of Business Administration (MBA) and/or Chartered Financial Analyst (CFA) designation preferred.
Minimum of five (5) years of investment experience.
General knowledge with the markets and an understanding of finance, economics, accounting, investment, and banking principles and practices is preferred.
An understanding of Bloomberg, TradeWeb, Intex, PolyPaths, Principia and other analytical tools utilized in the trading and analysis process.
Intake call notes:
- Replacing a previous manager position open for about 3-4 months
- Previously interviewed candidates lacked strong knowledge of fixed incomes, analytic skills
- Hire will need to manage cash of banks, manage liquidity, price loans, manage long term investments, manage debt, hedging
- Should have strong math knowledge of interest rates, securities, bonds and analyzing differences in them
- Must have excel
- SQL very good to have
- VBA good to have
- Teamwork skills good to have
- Doesn't have to have portfolio management skills necessarily but strong analysis skills and fixed income understanding
- Specializing in credit market experience is not a good fit
- Open to relocation (want candidate to be very sure they are willing to relocate some bad experience with hires leaving after a while)
- Hr team - 1st interview (Webex)
- Hiring Manager and Treasurer 2nd interview (In person preferred - Would like candidate to have a chance to come to Iowa and see if they like it)
- Hours are long currently but plan for work schedule to change eventually to less hours daily when the team is full with this new hire and can delegate the schedule (rough example: 2 people come in 6a-3p, 2 people come in 8a-5p)
- 90 days expectations of an ideal hire good grasp of all functions of the bank, can work independently, asks question on the whys that they are doing things (maybe looks at things differently and comes up with new strategies)
Employers have access to artificial intelligence language tools (“AI”) that help generate and enhance job descriptions and AI may have been used to create this description. The position description has been reviewed for accuracy and Dice believes it to correctly reflect the job opportunity.