Senior Fixed Income and Derivative Portfolio Manager

Federal Home Loan Bank of Des Moines

$143K — $170K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in finance, economics, accounting, statistics, or related field required.
  • MBA and/or CFA designation preferred.
  • Minimum of 7 years of investment experience.
  • Extensive knowledge of trading tools and market principles.
  • Documented track record of strong trading capabilities.

Responsibilities

  • Execute daily borrowing, investing, or hedging activities independently.
  • Identify trading opportunities and assess risks across multiple market areas.
  • Ensure compliance with regulations and Bank policies related to treasury functions.
  • Prepare and deliver presentations for senior leadership and committees.
  • Mentor and provide leadership support to team members.

Benefits

  • 11 paid holidays and 5 weeks of PTO.
  • Hybrid work schedule flexibility.
  • 100% match of first 6% contributed to 401(k) and additional 4% contribution at year-end.
  • Emphasis on work/life balance and supportive work culture.
Full Job Description
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 nontechnical 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 preferred. • 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: $143,596.00 - $170,521.00 This 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. 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 here.

Similar Jobs

More Jobs at Federal Home Loan Bank of Des Moines

More Finance & Insurance Jobs

Find similar Senior Fixed Income and Derivative Portfolio Manager jobs: