Truist is looking to hire an individual to manage the strategy, analysis, and execution of balance sheet hedging activities, aiming to manage or limit risk and align hedging strategy with overall treasury goals.
Requirements
- Strong understanding of fixed income markets and an understanding of global macro drivers that relate to bank interest rate risk management
- Experience with interest rate derivative trading as well as structuring and modeling of derivative structures.
- Strong knowledge of hedge accounting standards for various derivative hedging strategies.
- Comprehensive understanding of derivative instruments and their use in hedging a balance sheet assets and liabilities including the use of ASC 815 (hedge accounting).
- Knowledge and proficiency with trading/analytical systems such as Calypso, YieldBook or Polypath
Responsibilities
- Monitor changes in the economy, markets, and balance sheet.
- Recommend methods to manage or limit risk.
- Ensure the alignment of hedging strategy with overall treasury goals, with respect to Net Interest Income and risk exposure management.
- Work with Middle Office, Operations, and IT to ensure executed trades are confirmed, cleared, and valued effectively and accurately.
- Assist in hedging the mortgage servicing rights (MSR) asset.
- Execute implementation of trading/hedging strategies within Corporate Treasury.
- Generate pre-trade hedging analysis; net interest income impact, net interest rate sensitivity impact, economic value of equity exposure impact
Other
- English (Required)
- Five years of experience in a bank or related financial services organization with involvement in hedging/analyzing the balance sheet or MSR asset
- Strong verbal and written communication skills; business acumen and business and social maturity
- Ability to think strategically
