Senior Analyst - Fixed Income Strategy

The position is responsible for providing competitive intelligence from financial markets, leveraging market intelligence to develop and enhance debt issuance strategies, and working on special finance projects, such as hedging, and securitization.

The Senior Analyst – Fixed Income Strategy must be able to balance competing priorities and deadlines in a high-pressure environment. Equally important is the ability to work without supervision, travel with little or no notice, and organize large amounts of data efficiently.

With Whom You Will Work

The position reports directly to the Senior Director - Fixed Income Strategy. The role must work with his/her supervisor to keep senior management abreast of financial market effects on Farmer Mac’s debt issuance and propose actionable strategies to minimize debt costs. The role also collaborates closely with the Senior Director - Investor Relations and Finance Strategy and the Senior Director - Head of Asset Liability Management, working on cross-functional initiatives that span balance sheet management, funding strategies, securitization, and market insights. This collaborative structure offers valuable exposure to high-level strategy and alignment across critical financial teams.

The role interacts more with external partners and investors, but will also work closely with the finance, treasury, and accounting teams. The role must be accustomed to working with senior management and governance.

Where and When You Will Work

The position will be based in Farmer Mac’s headquarters located at 2100 Pennsylvania Ave. NW, Washington, D.C. Core business hours are Monday through Friday 8:30 am to 5:30 p.m. Eastern. This position requires availability during market hours. Farmer Mac has a Presence with Purpose work environment, which allows for flexibility of work location while providing the opportunity for teams to come together in the office with purpose. Work outside of normal business hours or availability off-site to keep funding and rate lock desk operational is an integral part of the position. Approximately 10-20% travel is required.

Primary Responsibilities and Duties

Provide Competitive Intelligence from Financial Markets

• Monitor Farmer Mac’s funding curve and potential impacts to Farmer Mac from changes in the market environment
• Interpret how market movements and events could affect Farmer Mac’s funding and securitization programs c
• Track and develop market instrument comparisons to our debt and securitized securities.
• Provide ad hoc market analysis to finance team and ALCO
• Broaden relationships with Wall Street strategists to gain insight on market behavior and access to research and strategy publications

Assist in Managing Fixed Income Investor and Dealer Relationships

• Participate and document fixed income dealer and investor meetings
• Perform counterparty analysis on debt and derivative dealers and monitor performance
• Assist in fixed income dealer document review, such as ISDAs and Dealer Agreements

Leverage Market Intelligence to Develop and Enhance Debt Issuance Strategies

• Develop weekly and monthly strategy reports that assess fixed-income market activity and propose actionable strategies to minimize Farmer Mac’s debt costs
• Spur strategic discussions at internal meetings

Work on Special Finance Projects

• Play key role in development of Farmer Mac’s securitization programs 
• Develop economics and ad hoc scenarios for securitization
• Play major roles in cross-functional and strategic projects as needed
• Prepare and present executive and Board level presentations as needed

Desired Skills and Qualifications

• In-depth understanding of derivatives, debt issuance and fixed income securities, with a strong understanding of agency debt markets, securitization, duration and convexity
• Detail-oriented with a deep knowledge of MS Excel, Access, Microsoft Power Query, SQL, Bloomberg, and Salesforce
• Aptitude for interpreting and simplifying complex analysis to present audience-appropriate summary information
• Desire and ability to be available outside of normal working hours, as this is a market sensitive position

Experience and Education

• Financial services experience with exposure to mortgages or fixed income portfolios and a strong knowledge of duration and convexity
• Excellent fixed income analytical skills
• Strong oral and written communications skills and presentation ability 
• Ability to excel in a fast-paced environment, proven ability to appropriately balance competing priorities to successfully meet deadlines
• 5 or more years of fixed income capital markets experience, preferably with exposure to agency debt, mortgage, and derivative markets
• Bachelor’s degree in finance or accounting or MBA with finance focus
• CPA or CFA is preferred

Our compensation philosophy is targeted pay positioning relative to peers, our industry, and external markets. Farmer Mac is committed to a compensation program that will enable the organization to attract, motivate, reward, and retain highly skilled and creative talent to maintain sustained long-term performance and achieve the organization’s strategic business objectives. The typical base pay range for this role is $115,000 to $140,000 per year. Compensation will vary based on experience.