Wednesday, June 18, 2014

Mortgage Portfolio Officer - Ohio

Mortgage Portfolio Officer - Ohio

Title:  Mortgage Portfolio Officer (203-002-811)
Location:  Ohio
Compensation: Commensurate with experience
Summary:
Oversee the management of the mortgage programs asset/liability position by designing, proposing, vetting and executing strategies.
Responsibilities:
  • Responsible for analyzing/recommending/executing purchases of MBS/Collateralized Mortgage Obligation (CMO) securities in accordance with the FMP, regulatory limitations and balance sheet management strategies
  • Researches payment discrepancies and coordinates with the Accounting Department
  • Monitors the composition and market risk profile of the mortgage portfolios
  • Lead in the determination, recommendation and execution, in accordance with the FMP and Asset Liability Committee approved balance sheet strategies, of the analysis and funding of the mortgage portfolios with a ladder of bullet and callable debt funding instruments including American and Bermudan callable Bonds/TAPS/Global debt
  • Oversees the funding of the floating rate MBS/CMO portfolio in conjunction with departmental officers utilizing Discount Notes, floating rate Notes and swapped funding
  • Manages Polypaths and optimization tools usage within the Treasury department including MBS pre-purchase analysis and MPP/Mandatory Delivery Contract (MDC) funding/hedging optimizations
  • Collaborates with Financial & Market Risk Analysis staff regarding the use of the prepayment, loss and option pricing models/proposed changes to the model and the analysis of other derivative instruments
  • Manages the ongoing relationship with dealers and analysts to assure the Bank has adequate coverage relating to MBS/CMO and the analytical resources to assist in managing the portfolio
  • Provides market color regarding MBS/CMO issuance and spread trends to indicate areas of value in the market
  • Complete callable bond analysis and daily review in the Debt Management System (DMS), making call decisions
  • Recommends and executes callable bond replacement strategies
  • Reviews and provides comments to senior departmental management on proposals for System-wide changes submitted by the Office of Finance, Funding Officer working groups or other regulatory agencies regarding aspects of debt issuance policies and procedures, capital markets activities, changing regulations and related issues
  • Provides guidance and training to the Investment Analysts by delegating projects, including the Investment Analysts in educational experiences and assuring deadlines are met and information is accurate
  • Performs other duties as assigned by management
Requirements:
  • BA – required
  • Masters or CFA – strongly preferred
  • 4+ years of work experience in the financial services industry including portfolio management or research/analysis
  • 2+ years trading experience in fixed-income securities including MBS or their derivatives
  • Extensive knowledge of the financial industry and capital markets, particularly fixed income securities and derivative instruments, investment practices, asset/liability analysis, and credit analysis (related to investments and derivatives)
  • Familiarity with interest rate, market and convexity risk metrics, funding gap modeling and cash flow forecasting and duration analysis
  • Exposure to generally accepted accounting principles relating to investments, debt instruments, financial hedges and off-balance sheet financial instruments
  • Knowledge of portfolio management and ability to manage a portfolio of mortgage securities by holding, selling, or buying selected securities to minimize the risk and maximize the return of a portfolio of investments in a buy and hold environment
  • Knowledge of the investment industry; in-depth knowledge of the legislative and regulatory environment and understanding of portfolio management constraints
  • Ability to act as a managerial advisor on professional and technical issues with a view toward reaching strategic decisions
  • Ability to make decisions and formulate an immediate plan of action to address potential issues/opportunities
  • Ability to pay close attention to detail since errors could result in significant monetary and/or reputation loss
If you are interested in this opening, please email your resume as an MS Word attachment to:
Tony Pietrzak
BCI - Financial Services Recruiting

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