Des Moines, IA
The Federal Home Loan Bank of Des Moines is searching for a vice president of portfolio strategy (VP PS). The VP PS will work closely with the executive team to lead the portfolio strategy department. The VP PS will ensure the bank’s long term successful performance, balance sheet management, and financial strategies. Ensure profitable investment of capital and maintenance of profit spreads on all products within risk tolerances. Develop analysis used to recommend funding, investment, and hedging strategies. This role also includes the oversight of the pricing, funding, and hedging of the bank’s mortgage portfolio and FAS 133 related hedge strategies.
As the VP PS, you will lead and participate in the discussion of and oversee the bank’s strategic direction and approach to the pricing of the mortgage portfolio, balance sheet management, and hedging. You will direct the analytics and methods used to identify strategic opportunities to benefit the financial performance of the bank through. This is done by communicating a transparent view and direction of strategies and how they relate to execution. You will be an active participant on various committees related to balance sheet management, financial strategy, and risk management. You will manage and develop team members through communication, feedback, coaching, and performance evaluation.
Candidates must have a CFA designation or a master’s degree in business administration, finance, economics, mathematics, statistics or a related quantitative field. Strong knowledge and experience in finance and accounting are required. A minimum of 10 years of management experience in the financial services industry is required. All candidates must have experience in portfolio management, risk management, financial modeling, and proficiency in analyzing fixed income instruments, interest rate derivatives, and mortgages. At least 7 years of experience leading senior and mid-management level direct reports is essential for this role. Candidates should have demonstrated knowledge of risks involved in managing the risk embedded in mortgage loans and mortgage-backed securities, including expertise in mortgage payments.
At FHLB, you will work with a talented, intelligent group of individuals. Employees work independently and collaborate as a team regularly. The portfolio strategy team is collaborative and everyone pulls their own weight on team projects. The VP PS reports to the senior vice president, chief capital markets officer. The chief capital markets officer is structured and consistent when working with his team. He has worked at FHLB Des Moines for six years and has had positive feedback from his team and managers throughout that time.