Western Alliance Bancorporation

Interest Rate Hedging Analyst

Western Alliance Bancorporation$85K — $105K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 2+ years of relevant experience in Treasury, Middle Office, or similar fields.
  • Bachelor's degree in a related field.
  • Basic to intermediate knowledge of banking operations such as deposit operations and loan administration.
  • Familiarity with regulatory compliance and industry standards in banking.
  • Experience in Foreign Exchange, Trade Finance, or Interest Rate Derivatives, preferably in a Trader or Back Office role.
  • Ability to communicate effectively, both verbally and in writing.

Responsibilities

  • Serve as the primary contact for client-related issues concerning the interest rate derivatives portfolio.
  • Assist front office activities through analysis, operations, and system processing.
  • Generate monthly and quarterly reports, along with ad-hoc reporting as needed.
  • Collaborate with team members on drafting and revising procedural documentation.
  • Coordinate with various internal teams to address and resolve open issues.
  • Support the improvement and expansion of trade execution functions.

Benefits

  • Competitive salaries and an opportunity for an ownership stake in the company.
  • Medical and dental insurance coverage.
  • Generous time-off policy.
  • 401k matching program to support retirement savings.
  • Tuition assistance program for ongoing education.
  • Employee volunteer program promoting community engagement.
  • Wellness program to support employee health and well-being.
Full Job Description

Job Title:

Interest Rate Hedging Analyst

Location:

Denver, CO

What you'll do:

As an Interest Rate Hedging Analyst, you will help launch a new position to support the growth of the bank’s Interest Rate Hedging Group. This group is focused on hedging interest rate risk for borrowing clients of the bank. You’ll be responsible for a broad range of activities including portfolio management, administration, execution support, reporting, and analysis. In this role, you will be responsible for improving the group’s overall efficiency and expanding capacity for more sales activity.
An ideal candidate will have experience with interest rate hedging or adjacent experience and seek advancement in a hedging advisor role. This position will manage a variety of activities with visibility across all aspects of the business.
  • Function as the point person for all client- and internal-related matters regarding the growing interest rate derivatives portfolio.
  • Support the activities of the front office, including analytical, operational and system processing activities.
  • Ensure the proper production of monthly and quarterly reporting, including ad-hoc reporting when necessary.
  • Work with team members to draft and amend procedure documentation for critical functions.
  • Work with Loan Operations, ACH Operations, Corporate Treasury, Accounting, Risk and other teams to resolve open matters.
  • Support the build-out of the trade execution functions.

What you'll need:

  • 2+ years of related experience in Treasury or Middle Office or similar field.
  • Bachelor's degree in related field required.
  • Entry level to intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
  • Entry level to intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
  • Entry level to intermediate experience in a Foreign Exchange (FX), Trade Finance (L/Cs) or Interest Rate Derivative (IRD) environment as a Trader or a Back Office Specialist.  Other general banking experience would prove beneficial.
  • Intermediate speaking and writing communication skills.

Compensation: Salary range for new hires is generally $85,000.00 - $105,489.00 for Denver, CO. Salary amount is determined by specific job location. In addition, the role may be eligible for annual bonus/incentives earned and restricted stock.

Benefits you’ll love:
We offer all the important things you'd want — like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you’ll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!

About Western Alliance Bancorporation

Western Alliance Bancorporation is a bank holding company that provides a range of banking and related services to businesses and individuals. The company was founded in 1994 and is headquartered in Phoenix, Arizona. Western Alliance Bancorporation operates through its subsidiary banks, which include Western Alliance Bank, Bank of Nevada, and Bridge Bank. The company offers a variety of products and services, including commercial and industrial loans, real estate loans, treasury management, and wealth management. Western Alliance Bancorporation is committed to providing exceptional customer service and has received numerous awards and recognitions for its performance and growth.
Learn more about Western Alliance Bancorporation
Size
3,139 employees
Market Cap
$6.2 billion
Industry
Net Income
$506.6 million
5 Year Trend
+18.8%
NASDAQ

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