Assistant Portfolio Manager Job Details
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Show me jobs like this one| Employer: | Federal Home Loan Bank of Chicago | Job Ref No: | 65 | Job Title: | Assistant Portfolio Manager | Sector: | Capital Markets | Sub Sector: | Traditional Asset Manager | Risk Type: | Market | Expertise: | Other | Description With over $48 billion in assets, the Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England serving more than 450 financial institutions across the region. Position Summary The Assistant Portfolio Manager (APM) is responsible for supporting the Bank’s residential mortgage investment and funding activities as part of the Mortgage Partnership Finance Program (MPF). The APM monitors hedging and funding strategies and implements them with minimal oversight. Working closely with the Investment Portfolio Manager and the Treasurer, the APM will spearhead the continued evolution of the existing analytical infrastructure. As part of this task, the APM will analyze the risk and opportunities of the mortgage portfolio, provide input to the management of the MBS portfolios, assist with portfolio funding and risk management, monitor market trends and maintain portfolio specific databases and reporting infrastructure. Specific Responsibilities Portfolio analysis · Analyze the existing MPF portfolio and marginal portfolio additions employing sophisticated analytical tools. · Assist the Investment Portfolio Manager and Treasurer in optimizing performance through portfolio analysis, valuation, and sensitivity modeling and reporting. · Provide input and analysis in support of the MBS and other related investment and funding initiatives. Funding and risk management · Assess the impact of actual and/or prospective asset additions/debt refunding on the portfolio. · Evaluate the impact of aging and market changes on the portfolio. · Recommend funding and hedging strategies to optimize income while keeping the portfolio within the ALCO-mandated risk parameters. · Monitor and analyze the accuracy of MPF pricing. Database management · Assist in the design of databases needed to further the Bank’s ability to invest prudently and profitably. · Acquire and enter the appropriate data into the databases. Ad hoc reporting and analysis · At the direction of the Investment Portfolio Manager and/or the Treasurer, perform various investigations and analyses. · Independently evaluate both internal and external data sources and evaluation methodologies to develop insights into actual and potential alternative investment tactics. Qualifications Knowledge/Skills · Familiarity with fixed income analytical techniques, including bond pricing techniques, duration and convexity of fixed income instruments, yield curve mechanics, option adjusted spread required. · Knowledge of residential loan market as it relates to underwriting, credit monitoring, valuation or hedging is a plus. · Familiarity with statistical tools is a plus. · Experience with Yield Book, QRM and Intext is preferred. High level of expertise using databases and Excel is preferred. · Ability to communicate clearly orally and in writing with a wide range of audiences including senior management and other Treasury Department staff is very important. · Must interact well with others and work well on team-based projects, and be able to work independently. Education · CPA, MBA or a Masters Degree in Finance or Economics is preferred. Work experience will be considered. Experience · Minimum five to seven years of related work experience, preferably in a treasury or capital markets environment.The Federal Home Loan Bank of Boston is an Equal Opportunity Employer | Region/Country: | Americas, United States | States/Counties: | Massachusetts | City: | Boston | Address: | Post Date: | 01/13/2012 |
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