Director of Derivatives and Risk Management

5 days ago


Bloomington, Illinois, United States PENFED Credit Union Full time
Job Summary

We are seeking a highly skilled Director, Derivatives and Risk Management to join our team at PenFed Credit Union. As a key member of our Treasury team, you will be responsible for developing, implementing, and managing our derivative hedging strategies to mitigate interest rate risk for our balance sheet, assets, and liabilities.

Key Responsibilities
  • Assess macro Asset-Liability Management (ALM) positions to analyze sources of interest rate risks, including duration, convexity, and volatility.
  • Develop and manage hedging strategies for specific assets and liabilities, including those with marked-to-market changes impacting our income statement.
  • Monitor regulatory, accounting, and market developments to identify trends and hedging opportunities.
  • Implement derivative trades to achieve best execution and serve as primary contact with derivative counterparties.
  • Monitor portfolio performance and hedged items, identifying restructuring needs and opportunities.
Requirements
  • Bachelor's degree in accounting, economics, finance, statistics, or business.
  • Minimum of four years of direct management experience and five to seven years of experience in derivatives trading/risk management.
  • Chartered Financial Analyst (CFA) or comparable qualification highly preferred.
About Us

Established in 1935, PenFed Credit Union is one of the country's strongest and most stable financial institutions, serving over 2.8 million members and managing over $36 billion in assets. We are federally insured by NCUA and are an Equal Housing Lender. We provide our employees with a lucrative benefits package, including robust medical, dental, and vision plan options, paid time off, 401(k) with employer match, and more.



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