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

Hybrid work schedule

401(k) match

11 paid holidays

5 weeks PTO

Total Rewards program

Job summary

Federal Home Loan Bank of Des Moines is seeking a Treasury professional to execute daily borrowing, investing and hedging activities. You will analyze market events and maintain strong internal controls while collaborating with other departments to optimize performance.

Applicants should have a Bachelor’s degree in finance or related field, with 5+ years of investment experience. MBA/CFA preferred; Bloomberg and other tools used. Hybrid work options available.

Qualifications

• Bachelor’s degree in finance, economics, accounting, statistics, or related field required.
• Advanced degree (MBA) and/or CFA designation preferred.
• Minimum of five (5) years of investment experience.
• General knowledge of markets and finance, economics, accounting, investment and banking principles.
• Familiarity with Bloomberg, TradeWeb, Intex, PolyPaths, Principia and other analytical tools.

Responsibilities

• Execute daily borrowing, investing or hedging activities under Treasury direction.
• Enhance financial performance by executing relative value transactions within asset/liability objectives.
• Develop market analyses and assess impact on Capital Market Activities.
• Liaise with other departments and the FHLB system to strengthen partnerships.
• Maintain Treasury policies and procedures and manage internal controls.

Skills

Financial market knowledge

Understanding of finance & economics

Education

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

MBA and/or CFA designation 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.

Accountabilities:

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.