Position Summary

The Portfolio Manager II contributes to the management of the balance sheet by analyzing and purchasing MBS and Treasury securities; executing derivatives transactions; issuing debt; assisting with management of whole-loan mortgage activity associated with the Bank’s Mortgage Partnership Finance® Product (MPF®); and periodically managing day-to-day liquidity.

Primary Success Factors

• Participates in management of investment portfolio through execution of trades (e.g., Primarily Treasury securities and residential/commercial Agency MBS).
• Applies mortgage market knowledge and experience to assist in management of the MPF portfolio; Selects appropriate funding and hedging instruments to achieve the desired risk/return profile.
• Possesses a thorough understanding of financial modeling. Assesses commercially available, industry-specific and analytical software models; Utilizes financial modeling / analytic skills to assist with ad-hoc analyses and projects.
• Participates in daily execution of balance management activities including debt issuance and derivatives transactions.
• Serves as back up to cash position manager.
• Participates in discussions regarding market conditions and balance sheet risk profile. Recommends ideas consistent with the Bank’s risk/return objectives.
• Develops and manages relationships with external constituents such as the Office of Finance and numerous broker/dealers, including diverse brokers/dealers.
• Anticipates and proactively responds to market, department and Bank developments and challenges. Initiates and leads discussions and analysis of key issues. Actively pursues opportunities to help colleagues address challenges and achieve goals.

Required Experience

• Bachelor’s degree in finance or accounting preferred; MBA or equivalent required, CFA or CPA a plus
• Seven years of experience in the financial industry, which can be beyond direct capital markets experience including accounting, statistical methods and financial modeling
• MBS, Treasury/Agency debenture or derivatives trading familiarity
• Experience with capital markets transaction execution (requires ability to think clearly under pressure)
• Hands-on experience with the models used to evaluate investments and related funding decisions
• Understanding of risk management measurements and tactics
• Thoroughly grasps the particulars of mortgage and securities portfolios and understands their implications on all financial, credit and aspects of balance sheet
• Ability to assess commercially available, industry-specific and analytical software models having intimate knowledge of the internal workings of the models
• Knowledge of fixed income market
• Familiarity with MBS, Treasury, Agency debt, derivatives, repo and Fed funds markets
• Understanding of asset/liability management and financial statement analysis and interpretation