Fixed Income Derivative Portfolio Manager
About The Position
At FHLB Des Moines, the Fixed Income Derivative Portfolio Manager executes daily borrowing, investing, and hedging activities under the direction of the Treasurer, Associate Treasurer, or other Traders. The role helps the Bank execute trades in a timely manner, identify relative value opportunities, and remain compliant with regulatory requirements and Bank policies. It also involves communicating with departments across the Bank about process recommendations and trade ideas related to the role’s area of expertise. The position supports the Bank’s financial performance by recommending and executing relative value transactions for funding, investment, and derivative activities within the Bank’s asset/liability objectives. The manager analyzes market events and their impact on Capital Market Activities, serves as a Treasury liaison to other departments, the FHLB system, and the Office of Finance, and maintains and improves Treasury policies and procedures. The role also develops broker/dealer relationships, provides trading desk backup as needed, and manages departmental internal controls and regulatory issues. The Bank describes its culture as inclusive and supportive of work/life balance. Most roles are eligible for a hybrid work schedule. This position has a stated annual salary range of $114,475 to $135,939 and is eligible for the Bank’s annual incentive plan.
Requirements
- Bachelor’s degree in finance, economics, accounting, statistics, or a related field.
- Minimum of five years of investment experience.
Nice To Haves
- Advanced degree in finance, economics, accounting, statistics, or a related field; an MBA and/or CFA designation is preferred.
- General knowledge of markets and understanding of finance, economics, accounting, investment, and banking principles and practices.
- Understanding of Bloomberg, TradeWeb, Intex, PolyPaths, Principia, and other analytical tools used in trading and analysis.
Responsibilities
- Recommend and execute attractive relative value transactions for the Bank’s funding, investment, and derivative activities within its asset/liability objectives.
- Develop and maintain analysis of market events and their impact on 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 by reviewing, evaluating, and updating current procedures.
- Build and strengthen relationships with broker/dealers to improve trade execution.
- Perform backup roles as necessary to support Trading Desk personnel.
- Manage departmental internal controls and regulatory issues.
- Perform other duties and projects as assigned.
Benefits
- Annual incentive plan eligibility.
- 11 paid holidays.
- 5 weeks of PTO.
- Work culture that values work/life balance.
- Hybrid work schedule eligibility for most roles.
- 100% match of the first 6% contributed to the 401(k).
- Additional 4% non-discretionary 401(k) contribution at year-end.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
