Truist is looking to manage and limit risk associated with its balance sheet through strategy, analysis, and execution of hedging activity.
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
