Senior Treasury Portfolio Manager – Middle Office

Senior Treasury Portfolio Manager – Middle Office

Requirements

• Bachelor’s degree in Accounting, Finance, Math, Economics or related field and a minimum of 9 years’ related experience focused on securities and derivatives pricing and risk management, or lieu in of degree, a combined minimum of 13 years’ higher education and/or work experience, including a minimum of 9 years’ related experience.
• Comprehensive understanding of the relevant instruments and markets.
• Leadership experience.
• Advanced skills in assessing, quantifying and communicating market risk.
• Understands the data management, assumption inputs, behavioral research and model results associated with advanced fixed income valuation and prepayment software.
• Demonstrated expertise in the use of fixed income analytical software, such as Yield Book, Bloomberg, or Calypso.
• Able to apply technical skills to the modeling of trades and portfolio positions.
• Knowledge of Accounting for fixed income securities, or experience in Market Risk.
• Effectively communicate (both verbally and in writing) execution strategies and summarize trade executions and portfolio strategy to the Director of Treasury Portfolio Management, senior management, and risk committees.

Responsibilities

• Manages a Bank Portfolio team/function. Provides leadership and guidance to staff, fostering an environment that encourages employee participation, teamwork and communication.
• Takes a leadership role in developing interest rate risk and other balance sheet management strategies, leading to strategic recommendations.
• Develops risks reporting and valuation reports within our 3rd party vended solutions (Calypso and The Yield Book).
• Structures new products, as needed, to accurately reflect contractual and behavioral terms of deals.
• Works independently and can develop detailed execution strategies.
• Actively participates at the Corporation’s Governance Committees.
• Manage internal compliance with MRMD and ensure compliance with model oversight governance.
• Assist in managing all interactions with the second line of defense and internal audit.
• Participates in developing the team’s strategic plan and sets goals and priorities based on the direction set for the unit; follows through to ensure that objectives are met.
• Work with multiple stakeholders across Treasury, Compliance, Finance, Legal, Operations, Secondary Mortgage, Audit, Risk to achieve business unit objectives.
• Lead and coordinate new products initiatives as recommended by the team.
• Leads other strategic projects as directed.
• Seasoned expert with extensive technical and/or business knowledge and functional expertise.
• Conduct analysis for the effective challenge process relating to specific disciplines described.
• Ensure processes and procedures for governance are appropriate and regulatory and reputation risks are minimized.
• Provide review of DFAST and CCAR submissions related to the specific portfolio disciplines above.
• Ensures compliance with all policies, guidelines, and regulatory standards (Board, ALCO, Volker, Regulation WW).
• Carries out complex initiatives involving multiple disciplines and/or ambiguous issues.
• Conduct due diligence and ongoing integration analysis of acquisitions from a Treasury perspective relating to the specific disciplines above.
• Exercise usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, performance management and terminations.
• Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite.
• Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
• Complete other related duties as assigned.

Preferred Qualifications

• Middle Office Portfolio Management expertise is highly preferred.
• Experience using Calypso fixed income analytical software is highly preferred.
• Experience managing direct reports.
• Master’s degree in business administration (MBA) or Chartered Financial Analyst (CFA).
• Excellent analytical skills, including a thorough understanding of stochastic model output and the nuances of interest rate and prepayment modeling.
• Proficient in financial products pricing/fair value measurement theory.
• Current knowledge of all tax, accounting (Generally Accepted Accounting Principles (GAAP) and regulatory actions related to portfolio management activities.
• Excellent verbal and written communication skills.
• Strong cross-functional collaboration skills.
• Strong management skills.
• Strong presentation skills.
• Adept at working in a fast-paced, high-energy level, team-oriented environment.