What are the responsibilities and job description for the Investment Portfolio Director position at Citizens?
Description
The Investment Portfolio Director will be a key member of the Institutional Investment Portfolio and Hedging team within Treasury. The team manages the company's Investment Portfolio, Institutional Hedging, and MSR Hedging activities by reviewing investment strategies, seeking out new opportunities, and recommending changes in investments to manage risk and generate acceptable rate of return. The incumbent will also study and monitor investment performance and economic trends that may impact different portfolios, focusing on strategically determining which investments or actions will help to achieve goals and objectives. This role will use significant judgement when faced with complex business problems and should have an advanced understanding of Bank balance sheets, interest rate derivatives, volatility, and other fixed income investments as well as how various strategies impact the broader organization.
Primary Responsibilities Include
Equal Employment Opportunity
At Citizens, we are committed to fostering an inclusive culture that enables colleagues to bring their best selves to work every day. Employment decisions are based solely on experience, performance, and ability. Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.
Equal Employment and Opportunity Employer
Citizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.
Why Work for Us
At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth
The Investment Portfolio Director will be a key member of the Institutional Investment Portfolio and Hedging team within Treasury. The team manages the company's Investment Portfolio, Institutional Hedging, and MSR Hedging activities by reviewing investment strategies, seeking out new opportunities, and recommending changes in investments to manage risk and generate acceptable rate of return. The incumbent will also study and monitor investment performance and economic trends that may impact different portfolios, focusing on strategically determining which investments or actions will help to achieve goals and objectives. This role will use significant judgement when faced with complex business problems and should have an advanced understanding of Bank balance sheets, interest rate derivatives, volatility, and other fixed income investments as well as how various strategies impact the broader organization.
Primary Responsibilities Include
- Primary management of daily hedging of the Bank's Mortgage Servicing Rights (MSR) utilizing interest rate swaps, options, futures, and TBAs.
- Secondary management of the investment activities for the Investment Portfolio and Institutional Hedging strategy development and execution.
- Assess, develop, and/or refine desk and production-based models (BlackRock Analytics) to utilize and support the team's pre-trade analytics and macroeconomic environment evaluation. Utilize desk models to analyze relative value, relation to economic factors, scenario analysis, and hedging strategies.
- Using an understanding of the balance sheets risk factors and management goals that drive CFG performance, develop creative solutions to drive strategic direction and/or allocation decisions of different portfolios, primarily focused on the hedging portfolios.
- Develop and execute policies, procedures and processes to mitigate various types of investment-related risk, including credit risk, interest rate risk, operational risk, compliance risk; pricing and valuation risk, credit and counterparty risk; and execution and trading risk.
- Perform scenario analyses, including stress testing, sensitivity and worst case to assess portfolio exposure to credit/market factors.
- Previous record of trading execution on the buy or sell side
- Proven ability to manage risk
- History of model development and/or expert level Microsoft excel skills
- Bachelor Degree in Business, Finance, Economics, Math, Statistics, or related topic
- Progress towards the Chartered Financial Analyst (CFA or Financial Risk Manager (FRM) designation
- Hours per Week: 40
- Work Schedule: M-F
Equal Employment Opportunity
At Citizens, we are committed to fostering an inclusive culture that enables colleagues to bring their best selves to work every day. Employment decisions are based solely on experience, performance, and ability. Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.
Equal Employment and Opportunity Employer
Citizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.
Why Work for Us
At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth
