Investment Clerk

4 weeks ago

Elk Grove Village, United States First American Bank Full time
Investment Clerk Org Structure : Job Posting Location Elk Grove Village, IL - 1650 Louis Ave Category Fixed Income Type Regular Full-Time Job Description

First American Bank was founded in Chicago, and over the years has expanded throughout Wisconsin and Florida. As the largest privately held bank in Illinois, we now have over 60 locations and assets of $5+ billion. We are a community bank at heart with international expertise, traditional values, and a forward-looking philosophy. Our employees have the experience and vision to meet the needs of savers, borrowers, and businesses in the 21st century. First American Bank can offer employees a level of visibility, career growth, and stability that is difficult to find in many larger corporations.

The Investment Clerk, a non-exempt position, is responsible for assisting the Investment Department in the completion of administrative tasks, as well as assisting the Investment Analyst and Bond Portfolio Manager(s) in their duties managing the wholesale funding and bond portfolios. This position will regularly manage data input, keeping files up to date, correspondence between the department and third parties, and creating reports.

DUTIES & RESPONSIBILITES

  • Determine daily borrowing needs and borrow funds from the appropriate wholesale funding source. Additionally, execute supplementary funding as directed by the Investment Analyst.
  • Handle margin calls for the Banks derivative portfolio, both manage and monitor pledged collateral with all collateralized wholesale funding providers.
  • Update files and input data that supports the Bank's wholesale funding, swaps, collateral, trade tickets, and reports.
  • Create bond purchase and sell packages in Bloomberg.
  • Track the department's needed metrics such as collateral, purchase/sale data, and excess cash and keep team up to date on a daily, weekly, and monthly basis. Additionally, validate that internal data consistently reconciles to third party sources.
  • Regularly update files and reconcile to Bloomberg.
  • Prepare bi-monthly ALCO reports and monthly board reports.
  • Conduct and complete additional assignments/projects as designated by management.

QUALIFICATIONS

  • High school diploma or equivalent required. Bachelor's degree preferred.
  • A history of academic and/or professional success with a persistent desire for professional development and a proven track record of achieving results.
  • Demonstrated ability to simplify sophisticated problems to identify the appropriate solution.
  • Qualified military veterans are encouraged to apply.
  • Must be professional, comfortable speaking with external and internal contacts with a demonstrated ability to tailor the message appropriately to the audience and situation effectively.
  • Demonstrated ability to convey thoughts and ideas effectively and succinctly via written formats, including emails, letters, and electronic platforms. Maintain professional standards relating to spelling and grammar.
  • Maintain credibility through professional demeanor, appearance, and presence by modeling standards appropriate to our environment and industry.
  • Maintain good working relationships with internal partners by exhibiting exemplary interpersonal skills, adopting a constructive, solutions-focused approach.
  • Use sound professional judgment to balance the interests of the organization and customer, understanding and using available resources to mitigate risks.
  • Proficiency with Microsoft 365 products and applications, including the ability to effectively prepare or review documents, procedures, and reports.
  • Demonstrated ability to learn new systems and applications, as well as the ability to understand, adapt and adjust responsibilities/workflows as a result of system upgrades.
  • Occasional travel to other First American Bank locations, Bank functions, and training facilities may be required.
  • Typical schedule is Monday through Friday 7:00 a.m. - 4:00 p.m. Additional hours may be required depending upon business need.
  • Punctuality is required to maintain First American Bank's customer service standards.
  • Remote Work allowed.

First American Bank is an Equal Opportunity Employer (Minorities/Females/Disabled/Veterans).

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