Hedging Product Control, Senior Associate

The objective of the Treasury/Chief Investment Office (TCIO) is to manage the Firm's consolidated interest rate and FX risk through various investment and hedging strategies.

TCIO executes market transactions using a diversified slate, including fixed income, FX and credit products.

Risks managed by the TCIO include structural interest rate, mortgages and foreign exchange risk.

Products utilized include fixed income securities, mortgage-backed securities, interest rate swaps, and cross currency swaps.

The candidate will join Treasury Chief Investment Office's North America Product Control team whose principal responsibility is oversight and financial reporting of CIO's hedging activity.

The team's primary focus is ensuring the proper implementation of Derivative Accounting and reporting policies as well as the preparation of related reports and analyses.

In addition to providing insight into the function of the Chief Investment Office, the role will provide the candidate with exposure to a range of products including interest rate swaps, cross currency swaps, and various fixed income products.

Position Responsibilities:



* Preparation & analysis of various daily P&L and position reports for Front Office


* Ensure completeness and accuracy of hedge documentation


* Work closely with Technology teams to implement reporting requirements and resolve issues


* Monthly monitoring and reporting of core level balances and thresholds


* Prepare and review monthly regression analysis to assess hedge effectiveness


* Compile various analyses to explain P&L components and drivers of hedge activity


* Implementation of new hedging strategies


* Oversight of various procedures and controls surrounding hedging activities


* Recommend areas for improvement and streamline processes where appropriate


* Participate in ad-hoc projects and other analytical requests

Skills Required:


* Strong organization and analytical skills


* High motivation, a desire to learn, and ability to quickly climb learning curve


* Basic understanding of Interest Rate Swaps, Cross Currency Swaps, Fixed Income Instruments and Debt products


* Capable of prioritizing multiple tasks and deliverables and meeting recurring deadlines


* Proficiency in Excel and some familiarity with Data Analytics Tools


* Ability to quickly learn various reporting and risk systems


* Solid understanding of financial accounting and finance


* Strong communication skills and the ability to interface effectively with Front Office, Operations and Technology teams

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