Fixed Income Derivative Portfolio Manager

Federal Home Loan Bank of Des Moines; Des Moines (IA); Hybrid; USD 114,000 - 136,000; Full time

Benefits offered by this job

401(k) matching

Job summary

Federal Home Loan Bank of Des Moines seeks a seasoned treasury professional to execute daily borrowing, investing and hedging activities. You will analyze markets, identify relative value opportunities and collaborate with Treasury and other departments to strengthen partnerships and performance.

Requirements include a finance-related bachelor’s degree and at least five years of investment experience; MBA or CFA is preferred. The role offers a hybrid work schedule and competitive Total Rewards.

Qualifications

• Bachelor’s degree in finance, economics, accounting, statistics, or related field.
• Minimum of five years of investment experience.
• Strong knowledge of markets and finance principles.
• Experience with Bloomberg, TradeWeb, Intex, PolyPaths, and Principia.

Responsibilities

• Execute daily borrowing, investing or hedging activities.
• Enhance trading execution and timing.
• Identify relative value opportunities.
• Communicate with Bank areas on process recommendations and trade ideas.
• Analyze market events affecting capital market activities.
• Maintain regulatory compliance and internal controls.
• Build relationships with broker/dealers to improve trade execution.
• Support Trading Desk and complete assigned projects.

Skills

Investment experience

Education

Bachelor’s degree in finance, economics, accounting, statistics, or related field

MBA or CFA preferred

Tools

Bloomberg

TradeWeb

Intex

PolyPaths

Principia

Job description

At FHLB Des Moines, we work each day to develop an inclusive culture that supports and leverages the complexity of a diverse workforce. This enables us to effectively serve the needs of our members and help them succeed.

Under the direction of the Treasurer, Associate Treasurer or other Traders, 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 on an interpersonal basis with regards to process recommendations and trade ideas for a specific area of expertise.

Key Responsibilities

• Enhance the Bank’s financial performance by recommending and executing attractive relative value transactions for the Bank’s funding, investment and derivative activities within Bank’s asset/liability objectives.
• Develop and maintain analysis of market events and how it impacts 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 to help business performance by reviewing, evaluating and updating current procedures.
• Build and strengthen relationships with broker/dealers to improve trade execution.
• Perform back-up roles as necessary to support the Trading Desk Personnel.
• Perform other duties and projects as assigned.
• Manage departmental internal controls and regulatory issues.

Requirements

• Bachelor’s degree in finance, economics, accounting, statistics, or related field required
• Advanced degree in the above fields or Masters of Business Administration (MBA) and/or Chartered Financial Analyst (CFA) designation preferred.
• Minimum of five (5) years of investment experience.
• General knowledge with the markets and an understanding of finance, economics, accounting, investment, and banking principles and practices is preferred.
• An understanding of Bloomberg, TradeWeb, Intex, PolyPaths, Principia and other analytical tools utilized in the trading and analysis process.

Compensation Range

Annual Salary: $114,475.00 - $135,939.00

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.

At FHLB Des Moines, we work to create an inclusive culture. This enables us to effectively serve the needs of our members and help them succeed. FHLB Des Moines is proud to be an Equal Opportunity Employer. We prohibit discrimination on the basis of race, color, religion, sex (including pregnancy, sexual orientation or gender identity), national origin, age, disability, veteran status, genetic information (including family medical history), status as a parent or any other characteristic protected by federal, state or local law.