Senior Debt Services Analyst (Settlements)

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Senior Debt Services Analyst (Settlements)

Reston, VA (On-site 2 / 3 days a week)

Salary : TBD

SUMMARY OF POSITION :

The Senior Debt Service Analyst role at the Bank is primarily responsible for the timely and accurate payment and settlement of the Banks Consolidated Obligations (COs) and the Resolution Funding Corporation (REFCORP) debt. Additionally, this role will support Debt Service management in process automation and business technology modernization initiatives. The Debt Service area performs Issuing and Paying Agent and Calculation Agent services for the Banks, with daily settlement and payment volumes exceeding $20b and must perform these services within strict deadlines dictated by Client Bank. As such, the Debt Service team members, including this role, must be individuals who have strong attention to detail and are highly reliable. On a daily basis, this role will coordinate with other team members to settle COs, calculate and make payments on COs, net settlement with the Banks and other processes to support the Banks debt issuance.

PRINCIPAL RESPONSIBILITIES :

• Process daily Discount Note and Bond (i.e. COs) trade confirmation and settlements.
• Wire transfer funds to pay daily CO principal and interest and net settlements with the Banks;
• Perform other debt servicing activities, including but not limited to, rate resets, bond call notifications, multiple account and transaction reconciliations and debt retirements;
• Respond to banks, dealer and investor inquiries regarding debt service activities, including but not limited to, detailed payment calculations and pending settlements;
• Monitor daily cash management activity and balances, ensuring the OF does not incur a daylight overdraft;
• Perform and provide analysis of debt service activities, including past activity analysis, trend analysis and other types of business intelligence analysis to support management's process improvement and risk mitigation decisions;
• Support management in performing Debt Service's Risk Control Self-Assessment and other assessments of risks and controls;
• Participate in and support Debt Service business initiatives and projects, including but not limited to story development, backlog refinement and testing;
• Assist internal and external auditors and regulatory examiners as required, provide documentation as requested;
• Initiate or approve transactions to support the OF's accounts payable and payroll;
• Provide back-up support and cross-training to other team members;
• Support the OF's diversity and inclusion (D&I) strategy by following policies and procedures that ensure opportunities for employees and diverse business partners;
• All other duties as assigned.

PRINCIPAL REQUIREMENTS :

INDH

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