Sr. Bank Portfolio Manager - Interest Rate Derivatives and Hedging at Northern Trust

Chicago, Illinois, United States

Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Knowledge of hedge accounting rules, derivatives products, bank balance sheet and asset/liability behaviors, usually acquired through experience and formal education
Knowledge of current banking regulations and their application to the balance sheet and investment portfolio for proper portfolio allocations and risk analysis
Analytical and organizational skills, with knowledge of risk management and market data systems (Summit, QRM, Bloomberg) along with Excel to analyze statistical information on investments, exposures, and interest rate risk
Exceptional ability to organize and execute responsibilities with minimal supervision
Strong written and verbal communication skills
Exceptional analytical, quantitative skills and critical thinking
College or university degree preferred
7-10 years of investment experience required

Develop hedging strategies, consistent with U.S. GAAP hedge accounting guidance, to manage interest rate risk within the bank’s investment portfolio, utilizing single asset/liability and macro level hedging
Manage the US Treasury and Sovereign, Supranational investments
Own and manage valuation and testing model while performing initial and ongoing effectiveness testing for hedging relationships
Work closely with internal partners (operations, accounting, credit, legal, etc.), providing leadership and coordination to manage issues related to the investment portfolio hedging program or Treasury generally, executing solutions across groups
Assist in evaluating and developing investment objectives and guidelines as appropriate given risk tolerances
Assist with execution of client related derivatives hedging as necessary
Comply with all policies and guidelines (Board, ALCO, Credit, Controllers, etc.) in managing interest rate risk
Maintain communication with brokers and dealers to monitor the market and develop strategies
Participate in, or lead, sub-group or task force to revise or modify existing internal or external procedures, guidelines, or to review new products or strategies
Maintain awareness of current and pending legal and regulatory issues that impact the derivatives market or hedge accounting rules