SENIOR FIXED INCOME & DERIVATIVE PORTFOLIO MANAGER
Federal Home Loan Bank Des Moines
Des Moines, IA

The Federal Home Loan Bank of Des Moines (FHLB) has an exciting opportunity to join the fast-paced treasury team to execute daily borrowing, investing, and hedging activities as their senior fixed income and derivative portfolio manager. FHLB is proud to continuously work to develop an inclusive culture that supports and leverages the complexity of a diverse workforce. This dedication allows them to effectively serve the needs of their members and help them succeed. 

The FHLB Des Moines is one of 11 regional Banks that make up the Federal Home Loan Bank (FHLBank) System. Established by Congress in 1932 to support mortgage lending, the FHLBanks are a stable source of funding for more than 6,600 federally insured depository institutions of all sizes and types. Located in the heartland of Iowa, Des Moines is the fastest growing metro area in the Midwest.

At FHLB, you will work with a talented and motivated group of individuals. Employees work both independently and collaborate as a team regularly. The senior fixed income and derivative portfolio manager will further enhance the Bank’s ability to execute trades in a timely manner, identify relative value opportunities and maintain compliance with regulatory and Bank policies under the direction of the Treasurer, Associate Treasurer or other Portfolio Managers.

Accountabilities:

  • 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.
  • Maintain and improve Treasury policies and procedures to help business performance by reviewing, evaluating and updating current procedures.
  • Manage departmental internal controls and regulatory issues.
  • Perform back-up roles as necessary to support the Trading Desk Personnel.
  • Act as a Liaison for Treasury to other departments, the FHLB system and the Office of Finance to strengthen partnerships and improve performance.
  • Build and strengthen relationships with brokers/dealers to improve trade execution.
  • Develop and maintain analysis of market events and how it impacts Capital Market Activities.
  • Enhance the Bank’s financial performance by recommending and executing attractive relative value transactions for one of the Bank’s funding, investment and derivative activities.

Qualifications:

  • 7+ years of investment experience.
  • Comfortable multi-tasking and operating in a fast-paced environment
  • General knowledge of the markets and an understanding of finance, economics, accounting, investment, risk-analysis, and banking principles and practices is preferred. 
  • Advanced understanding of fixed income analysis, mortgage prepayment behavior, advance pricing and derivative pricing.
  • An understanding of Bloomberg, TradeWeb, Intex, PolyPaths, Principia and other analytical tools utilized in the trading and analysis process.
  • 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.
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