Treasury Operations Analyst II

1 week ago

Cincinnati, United States Federal Home Loan Bank Full time

Treasury Operations Analyst II

General Summary:

Manage the collateralization process for various investments and derivatives, in both bilateral and cleared swap portfolios, and for CMO/MBS/TBA, assuring that the FHLB is collateralized to the required levels. Provides administrative and analytical support to compile and reconcile internal and external data reporting needs. Assures that counterparty data is updated in Treasury systems and provides accrual data to accounting. Responsible for requesting, implementing, and testing changes to various Treasury systems. Works with the trade desk to price Advances for Members. Familiar with regulatory environment and helps ensure Bank is compliant with regulations.

Principal Duties and Responsibilities:

  • Prepares various reconciliations and reports of investment, liquidity, derivative, and debt transactions captured in Findur, TRUST, Apex, and DMS. Compiles data from various systems and sources for validation, analysis, and reporting. Assures identification and remediation of discrepancies. Presents findings and reports when appropriate.

  • Reconciles swap positions and internal valuations with the Futures Commission Merchants (FCM), Clearing Houses, and Broker Dealers, validating that collateral movement is based on the FHLB's agreed valuation and the billing for services is correct. Assures selective netting of swaps occurs at the Clearing Houses and the FCMs correctly. Verifies and provides accrual information to Accounting monthly for recording on the general ledger, and requests daily cash/security transfers for collateral movement.
  • Manages the collateral pricing process and credit lines for Resale transactions. Updates counterparty Master Repurchase Agreement information and internal ratings in TRUST.
  • Interacts with the Credit Department to request credit updates and credit underwriting of new or reinstated unsecured/secured credit counterparties and Broker Dealers, keeping a calendar for the timing of requests for credit updates and the presentation to the Credit Risk Committee. Discusses new and ongoing credit events and evaluates impact with Traders and Credit department.
  • Obtains supporting documentation and prospectus/term sheets for all MBS/agency debentures, and similar investments. Interacts with brokers, securities dealers, and government agencies to acquire information.
  • Facilitates the completion of To Be Announced (TBA) Trade Assignment Agreements from involved counterparties before the settlement date.
  • Manages the Traded Not Yet Settled (TNYS) lines for trading desk, to ensure all transactions are accounted for, and the credit lines are updated and distributed in a timely manner.
  • Participates in the design and testing, as well as the data management of various systems and applications. Execute quarterly process control testing. Work with the Accounting department to be able to assure mutually beneficial outcomes.
  • Administers creation and reconciliation of the annual Treasury department budget, and processes invoices regarding budgeted services for payment.
  • Works in conjunction with the trading desk to price Advances for Members and provide the data to the Credit department.
  • Completes special projects and performs other duties as assigned.

Minimum Knowledge, Skills and Abilities Required:

  • Knowledge at a level normally acquired through completion of a Bachelor's Degree in Business Administration, Accounting, or Finance.
  • Core understanding of the banking industry. Knowledge of financial theory, derivatives, asset/liability management, mortgage securities, hedge vehicles, and investments with an emphasis on credit risk and IRS collateral risk exposure management is preferred.
  • Three years of analytical experience combined with four years of related business experience preferably in the financial services industry.
  • Proficient use of personal computer with intermediate skills in spreadsheet and database applications. Experience using Excel; Access and Word experience is preferred. Experience with financial market information systems such as Bloomberg is very beneficial.
  • Ability to prepare statistical reports containing text and tabular matter. Including formatting, layout, and composition of material.
  • Analytical skills necessary to research, prepare, and present a variety of reports and analyses. Ability to work independently and accurately while under pressure, to prioritize workload from multiple sources, to manage time effectively, to meet tight deadlines, and to follow established guidelines with direction from supervisor for unusual or complex issues.
  • Strong attention to detail, with excellent balancing and proofing skills.
  • Effective interpersonal skills, including verbal and written, necessary to interact effectively with all levels of Bank staff securities dealers, Futures Commission Merchants and rating organizations.
  • Demonstrates a commitment to diversity and inclusion. Promotes an environment of empathy and respect, ensures the inclusion of all team members, and will actively engage in D&I events and learning opportunities.
  • Ability to work independently and accurately while under pressure, effectively multitask, prioritize workload from multiple sources and follow established guidelines. Strong organization skills and creative thinking/analytical abilities.

Working Conditions:

Flexibility to work outside of standard Bank hours and meet multiple and changing deadlines in a fast-paced environment.

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