VP - Front Office Treasury (ALM)
A leading Investment Bank in NYC is looking to bring on a VP level candidate to their Front Office, Global Markets Treasury team with a focus on Asset & Liability Management.
This is a newly created team that is lean so the role comes with a lot of responsibility and visibility. This team consists of 3-4 individuals that work in the Front Office, alongside the trading desks to optimize firm liquidity usage, structure trades to optimize liquidity and minimize funding cost, and engage in new product creation and approval from a treasury perspective. The team has a strong grasp from a liquidity perspective but are now looking to make their first hire for someone covering the team from an ALM perspective.
The ideal candidate will have 5+ years of experience in a 1st or 2nd line ALM or IRR related role and a strong understanding of capital markets and banking book products. Ideal candidates should have a strong grasp of hedging strategies for interest rate exposure, and ALM/Treasury investment portfolios.
Responsibilities:
- Engage with various trading desks and business units to optimize firm funding, liquidity, and Interest Rate Risk exposure
- Assist in new product creation and evaluation from an Asset & Liability perspective, observing potential impacts to the balance sheet and how they can impact exposure to Interest Rate Risk
- Develop custom portfolio and product level analytics from an IRR perspective (Duration, Convexity, Spread, etc.)
- Work with Corp Treasury and Risk partners to maintain and update IRR & ALM Framework and methodologies
- Develop and communicate new hedging strategies to reduce Interest Rate Risk
- Communicate various IRR & ALM metrics to trading desks and senior management, explain findings and how the firm can maximize P&L and revenue based on current macroeconomic conditions and changing rate scenarios
- Own and develop scenarios for stress testing, work with Risk partners on calibrations and changes
Qualifications:
- 5+ years of experience in Treasury (Interest Rate Risk/ALM)
- Strong understanding of capital markets and banking book products
- Excellent communication skills and the ability to work in a Front Office environment
- Strong understanding of various IRR metrics (EvE, EaR, NII, etc.)
- Working ability in Python, SQL, or other language
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