New England AFP
CAPITAL MARKETS MANAGER
New England AFP, Boston, Massachusetts, us, 02298
Federal Home Loan Bank of BostonBoston, MA (hybrid)
CONTACT: Applications are being accepted on the Careers page of our website:www.fhlbboston.comThe Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England serving more than 420 financial institutions across the region. Our highly skilled team of 200 is diverse, innovative, collaborative, and passionate about the work we do. We seek other professionals excited to share their knowledge, talent, and passion for our mission to join our team. We offer opportunities for career development, robust benefits, and a work-life balance.RESPONSIBILITIES:
The Capital Markets Manager (CMM) will be primarily responsible for hedging and funding the Bank’s balance sheet. The CMM will work with the Funding Manager to strategize and execute funding strategies to finance the Bank’s lending and investment activities. This entails sourcing debt financing through the capital markets as well as hedging activities using interest rate derivatives. The CMM will also manage the portfolio of floating rate assets and liabilities with a keen focus on funding projections and risk management.Specific ResponsibilitiesHedgingExecute Bank-sanctioned hedging strategies tied to assets and/or liabilities with significant consideration given to risk management and best execution.Provide derivative-embedded advance pricing to members through Member Services.Anticipate, coordinate, and execute derivative life-cycle events such as option exercises and unwinds.Design, construct, and test hedging strategies for new product development efforts.Maintain constant contact with dealer community to build relationships and remain informed on market context.FundingIssue debt through capital markets to fund balance sheet.Monitor and project funding needs.Ensure funding activities follow internal and external policies, guidelines, and regulations.Engage with dealer community regularly to build funding relationships.Investment SupportExecute bond trading strategies in support of long-term investment portfolio.Oversight over US Treasury portfolio.AnalysisPrimary analytical resource for derivatives modeling, relative value, pricing, and trading strategies.Build upon current infrastructure of reporting to enhance the Bank’s ability to project funding needs.REQUIREMENTS:
Knowledge/SkillsProficiency of interest rate derivatives including their use as a hedging vehicle.Solid understanding of fixed income investments, cash flow, and analytics.Understanding of current rules in FAS133.Proficiency with trading and analytics systems including Summit and Bloomberg is preferred.Strong analytical skills; attention to detail.Ability to communicate clearly with parties internal and external to the Bank.BackgroundA degree with a concentration in finance or economics or directly related equivalent work experience is required.5-7 years derivatives trading and capital markets experience is required.The Federal Home Loan Bank of Boston is committed to building and sustaining a diverse workforce that reflects the communities that we serve. As an Equal Opportunity Employer, we strongly encourage applicants from every ethnicity, color, religion, gender, age, national origin, disability, veteran or parental status and sexual orientation.
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CONTACT: Applications are being accepted on the Careers page of our website:www.fhlbboston.comThe Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England serving more than 420 financial institutions across the region. Our highly skilled team of 200 is diverse, innovative, collaborative, and passionate about the work we do. We seek other professionals excited to share their knowledge, talent, and passion for our mission to join our team. We offer opportunities for career development, robust benefits, and a work-life balance.RESPONSIBILITIES:
The Capital Markets Manager (CMM) will be primarily responsible for hedging and funding the Bank’s balance sheet. The CMM will work with the Funding Manager to strategize and execute funding strategies to finance the Bank’s lending and investment activities. This entails sourcing debt financing through the capital markets as well as hedging activities using interest rate derivatives. The CMM will also manage the portfolio of floating rate assets and liabilities with a keen focus on funding projections and risk management.Specific ResponsibilitiesHedgingExecute Bank-sanctioned hedging strategies tied to assets and/or liabilities with significant consideration given to risk management and best execution.Provide derivative-embedded advance pricing to members through Member Services.Anticipate, coordinate, and execute derivative life-cycle events such as option exercises and unwinds.Design, construct, and test hedging strategies for new product development efforts.Maintain constant contact with dealer community to build relationships and remain informed on market context.FundingIssue debt through capital markets to fund balance sheet.Monitor and project funding needs.Ensure funding activities follow internal and external policies, guidelines, and regulations.Engage with dealer community regularly to build funding relationships.Investment SupportExecute bond trading strategies in support of long-term investment portfolio.Oversight over US Treasury portfolio.AnalysisPrimary analytical resource for derivatives modeling, relative value, pricing, and trading strategies.Build upon current infrastructure of reporting to enhance the Bank’s ability to project funding needs.REQUIREMENTS:
Knowledge/SkillsProficiency of interest rate derivatives including their use as a hedging vehicle.Solid understanding of fixed income investments, cash flow, and analytics.Understanding of current rules in FAS133.Proficiency with trading and analytics systems including Summit and Bloomberg is preferred.Strong analytical skills; attention to detail.Ability to communicate clearly with parties internal and external to the Bank.BackgroundA degree with a concentration in finance or economics or directly related equivalent work experience is required.5-7 years derivatives trading and capital markets experience is required.The Federal Home Loan Bank of Boston is committed to building and sustaining a diverse workforce that reflects the communities that we serve. As an Equal Opportunity Employer, we strongly encourage applicants from every ethnicity, color, religion, gender, age, national origin, disability, veteran or parental status and sexual orientation.
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