Bank Portfolio Manager - Interest Rate Derivatives and Hedging
Bank Portfolio Manager - Interest Rate Derivatives and Hedging
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$ 99600 - 169200
1 Vacancy
Job Description
About Northern Trust:
Northern Trust a Fortune 500 company is a globally recognized award-winning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the worlds most successful individuals families and institutions by remaining true to our enduring principles of service expertise and integrity. With more than 130 years of financial experience and over 22000 partners we serve the worlds most sophisticated clients using leading technology and exceptional service.
As part of the Treasury team the Portfolio Manager is responsible for managing interest rate risk in the banks investment portfolio and executing derivatives transactions as necessary to achieve targeted risk profile. The Specialist will develop and implement hedging strategies designed to achieve the interest rate risk and accounting objectives of the bank and optimize portfolio performance.
Major Duties:
Develop hedging strategies consistent with U.S. GAAP hedge accounting guidance to manage interest rate risk within the banks investment portfolio utilizing single asset/liability and macro level hedging.
Manage the US Treasury and Sovereign Supernational investments.
Own and manage valuation and testing model while performing initial and ongoing effectiveness testing for hedging relationships.
Works closely with internal partners (operations accounting credit legal etc.) providing leadership and coordination to manage issues related to the investment portfolio hedging program specifically or Treasury generally working across groups to execute solutions.
Assists in evaluating and developing investment objectives and guidelines as appropriate given risk tolerances.
Assists with execution of client related derivatives hedging as necessary.
Complies with all policies and guidelines (Board ALCO Credit Controllers etc.) in managing interest rate risk.
Maintain communication with brokers and dealers to monitor the market and to develop strategies.
Participates in or leads sub-group or task force to revise or modify existing internal or external procedures guidelines or to review new products or strategies.
Maintains awareness of current and pending legal and regulatory issues that impact the derivatives market or hedge accounting rules.
Knowledge:
Knowledge of hedge accounting rules derivatives products bank balance sheet and asset/liability behaviors usually acquired through experience and formal education are needed.
Knowledge of current banking regulations and application to the balance sheet and investment portfolio are necessary to determine proper portfolio allocations and risk analysis.
Analytical and organizational skills with knowledge of risk management and market data systems (Summit QRM Bloomberg) along with Excel are needed to analyze statistical information on investments exposures and interest rate risk.
Exceptional ability to organize and execute responsibilities with minimal supervision.
Strong written and verbal communication skills.
Exceptional analytical quantitative skills and critical thinking.
Experience:
A college or university degree in is preferred. 7-10 years of in investment experience is required.
Salary Range:
$99600 - 169200 USDSalary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension) health and welfare benefits (medical dental vision spending accounts and disability) paid time off parental and caregiver leave life & accident insurance and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.
Working with Us:
As a Northern Trust partner greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.
Movement within the organization is encouraged senior leaders are accessible and you can take pride in working for a company committed to assisting the communities we serve!Join a workplace with a greater purpose.
Wed love to learn more about how your interests and experience could be a fit with one of the worlds most admired and sustainable companies! Build your career with us andapply today.#MadeForGreater
Reasonable accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process please email our HR Service Center at .
We hope youre excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.
Apply today and talk to us about your flexible working requirements and together we can achieve greater.
Required Experience:
Manager
Employment Type
Full-Time
