Investment Portfolio Manager

Choice Bank•Golden Valley, MN

About The Position

The Investment Portfolio Manager is responsible for risk management, optimizing returns, and ensuring compliance with fiduciary and regulatory guidelines. The Investment Management function is responsible for managing Choice’s fixed income bond portfolio, direct equity venture capital investments, and Limited Partner fund investments. Securities Analysis Complete qualitative and quantitative analysis for both initial underwriting efforts and ongoing analysis of individual positions. Evaluate products with complex cashflows and structural subordination to determine if they provide adequate risk mitigation versus return profiles. Utilize industry standard analytical platforms (Bloomberg, Intex, etc.) to perform risk, return, and relative value analysis. Develop and maintain financial models for all investment types. Provide insights into model outputs to key internal stakeholders. Perform periodic credit reviews for existing securities positions using sound judgement to determine if credit dynamics of the security warrant an elevation of credit monitoring. Meet with large institutional asset managers to underwrite and periodically reevaluate their credit underwriting process for managed structured products such as Collateralized Loan Obligations to ensure it is prudent and aligned with Choice credit appetites or objectives. Portfolio Analysis Complete statistical analysis on characteristics of individual securities to measure their contribution to portfolio risk exposures. Evaluate macro and microeconomic trends against the position of the portfolio. Recommend portfolio exposure adjustments based on risk exposures in relation to the economic environment. Refine portfolio strategy and objectives against evolving organizational goals, regulatory environment, and market landscape. Drive continuous improvement and implement new portfolio risk management and monitoring techniques or frameworks to solidify and expand a best-in-class portfolio management process within the community banking space. Conduct sophisticated stressing of portfolio aggregate and component exposures to inform and effectively mitigate risk exposures across environments. Communication & Documentation Adhere to internal and regulatory documentation standards for prepurchase due diligence, trade approvals, credit reviews, and other portfolio analysis. Prepare materials for Asset-Liability Management Committee meetings that review portfolio trends including KPI/KRI metrics as well as facilitate strategic discussion and decisioning. Facilitate cross-functional collaboration across departments and in particular the enterprise risk management function to ensure risk is effectively measured, monitored and communicated. Partner to revise risk metrics as appropriate. Support the continual process of Investment Policy refinement and compliance reporting. Provide written or verbal subject matter expert communication to senior and executive leadership upon request or as directed to foster transparency and effective challenge for management of the portfolios.

Requirements

Bachelor’s degree in finance, economics, or accounting (advanced degrees are advantageous).
7-10 years of experience in financial analysis, preferably within investment management.
Experience with fixed income tools of the trade (i.e. Bloomberg, etc.)

Nice To Haves

Chartered Financial Analyst (CFA) designation is desirable.
Expertise in interest rate hedging/derivative strategy.

Responsibilities

Complete qualitative and quantitative analysis for both initial underwriting efforts and ongoing analysis of individual positions.
Evaluate products with complex cashflows and structural subordination to determine if they provide adequate risk mitigation versus return profiles.
Utilize industry standard analytical platforms (Bloomberg, Intex, etc.) to perform risk, return, and relative value analysis.
Develop and maintain financial models for all investment types. Provide insights into model outputs to key internal stakeholders.
Perform periodic credit reviews for existing securities positions using sound judgement to determine if credit dynamics of the security warrant an elevation of credit monitoring.
Meet with large institutional asset managers to underwrite and periodically reevaluate their credit underwriting process for managed structured products such as Collateralized Loan Obligations to ensure it is prudent and aligned with Choice credit appetites or objectives.
Complete statistical analysis on characteristics of individual securities to measure their contribution to portfolio risk exposures.
Evaluate macro and microeconomic trends against the position of the portfolio. Recommend portfolio exposure adjustments based on risk exposures in relation to the economic environment.
Refine portfolio strategy and objectives against evolving organizational goals, regulatory environment, and market landscape.
Drive continuous improvement and implement new portfolio risk management and monitoring techniques or frameworks to solidify and expand a best-in-class portfolio management process within the community banking space.
Conduct sophisticated stressing of portfolio aggregate and component exposures to inform and effectively mitigate risk exposures across environments.
Adhere to internal and regulatory documentation standards for prepurchase due diligence, trade approvals, credit reviews, and other portfolio analysis.
Prepare materials for Asset-Liability Management Committee meetings that review portfolio trends including KPI/KRI metrics as well as facilitate strategic discussion and decisioning.
Facilitate cross-functional collaboration across departments and in particular the enterprise risk management function to ensure risk is effectively measured, monitored and communicated. Partner to revise risk metrics as appropriate.
Support the continual process of Investment Policy refinement and compliance reporting.
Provide written or verbal subject matter expert communication to senior and executive leadership upon request or as directed to foster transparency and effective challenge for management of the portfolios.