What are the responsibilities and job description for the Derivatives Portfolio Analyst position at Regions?
Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.
Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions’ Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.
Job Description:
At Regions, the Treasury Portfolio Management Analyst supports the Bank’s Securities Portfolio Managers. The $30B Investment Portfolio within Corporate Treasury is managed to generate appropriate risk adjusted returns for the bank while facilitating asset/liability, capital, and liquidity strategies. The portfolios consist of Mortgage-Backed Securities, Commercial Mortgage-Backed Securities (both Agency and Non-Agency), US Treasuries, Corporate Bonds, and other fixed income products. The Analyst will assist the Portfolio Manager in a variety of functions including reporting, reinvestment activities, strategy execution, trade attribution, and market research.
Primary Responsibilities
Assists and regularly takes ownership from Portfolio Managers in trade strategies, modeling, market analysis, trade booking, reporting and record keeping
Owns Ad hoc portfolio reporting and analysis including strategy pro forma
Oversees paydown forecasting and reinvestment reporting process
Performs and proactively offers insight into market research and provides market color to Portfolio Managers and broader Treasury and Risk counterparts
Performs credit surveillance for corporate bonds
Tracks Community Reinvestment Act (CRA) credits earned from investing in fixed income securities
Produces monthly materials for the Asset-Liability Committee Meeting (ALCO)
Produces reports for various other groups around the bank including Investor Relations and Regulatory Reporting
Performs quarterly Impairment analysis on credit portfolio
Performs impairment stress testing for capital planning and regulatory purposes
Assists with month end price verification of securities
Interacts with Wall Street counterparts
Supports other areas within the Balance Sheet Management team including Asset/Liability Management
Offers advice and guidance to junior analysts, assisting in the development of necessary skills and the promotion of continuous improvement initiatives
This position is exempt from timekeeping requirements under the Fair Labor Standards act and is not eligible for overtime pay.
This position is incentive eligible.
Requirements
Bachelor’s degree in Finance, Economics, Statistics, Mathematics, or related field
Seven (7) years of experience in banking, securities portfolio management or market risk management
Excellent analytical skills, including Excel (VBA)
Good verbal and written communication skills including presentation of financial analysis
Strong work ethic and self-motivation
Ability to work in a team environment
Strong attention to detail
Preferences
Master’s degree in a quantitative discipline preferred (e.g. Finance, Economics, Statistics, Mathematics, etc.)
Progress towards CFA designation
Experience with Bloomberg Terminal and Excel API
Experience with BlackRock Solutions’ Aladdin platform
Skills and Competencies
Proficient in Microsoft Office
Strong verbal and written communication skills including presentation of financial analysis
Ability to work in a team environment
Strong attention to detail
At Regions, the Derivatives Portfolio Analyst supports the bank’s Derivatives Portfolio Manager. The portfolios under management consist of balance sheet hedging derivatives and residential mortgage servicing rights (MSR) hedging derivatives. The bank’s Treasury department uses derivative financial instruments, primarily interest rate swaps and option contracts, to facilitate asset/liability management strategies. The bank’s Treasury department also uses various derivative instruments including swaps, futures, swaptions, and mortgage-backed securities to hedge the market value of its residential MSR asset.
The Derivatives Portfolio Analyst will assist the Derivatives Portfolio Manager in a variety of functions including trade strategy, execution, attribution, reporting, and market research.
Additional Responsibilities:
Assist Derivatives Portfolio Manager in trade strategies, modeling, market analysis, booking, reporting and record keeping
Assist Derivatives Portfolio Manager in daily profit and loss attribution for MSR asset
Assist with exotic balance sheet loan pricing
Work closely with Business Unit Controllers on developing, testing, and maintaining active fair value and cash flow hedge strategies
Interact with Wall Street counterparts
Produce monthly materials for the Asset-Liability Committee Meeting (ALCO) and various working groups
Assist in producing and/or validating materials for regulators and earnings related information
Support other areas within Balance Sheet Management team team including the Investment Portfolio and Interest Rate Risk
This position is intended to be onsite, now or in the near future. Associates will have regular work hours, including full days in the office three or more days a week. The manager will set the work schedule for this position, including in-office expectations. Regions will not provide relocation assistance for this position, and relocation would be at your expense.
Position Type Full time
Compensation Details
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target:
Minimum: $103,457.75 USD
Median: $149,740.00 USD
Incentive Pay Plans: This role is eligible to participate in the annual discretionary incentive plan. Employees are eligible to receive a discretionary award based on individual, business, and/or company performance.
Benefits Information
Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.
https://www.regions.com/welcometour/benefits.rf
Location Details Regions Center
Location: Birmingham, Alabama
Equal Opportunity Employer/including Disabled/Veterans
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions’ Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.
Job Description:
At Regions, the Treasury Portfolio Management Analyst supports the Bank’s Securities Portfolio Managers. The $30B Investment Portfolio within Corporate Treasury is managed to generate appropriate risk adjusted returns for the bank while facilitating asset/liability, capital, and liquidity strategies. The portfolios consist of Mortgage-Backed Securities, Commercial Mortgage-Backed Securities (both Agency and Non-Agency), US Treasuries, Corporate Bonds, and other fixed income products. The Analyst will assist the Portfolio Manager in a variety of functions including reporting, reinvestment activities, strategy execution, trade attribution, and market research.
Primary Responsibilities
Assists and regularly takes ownership from Portfolio Managers in trade strategies, modeling, market analysis, trade booking, reporting and record keeping
Owns Ad hoc portfolio reporting and analysis including strategy pro forma
Oversees paydown forecasting and reinvestment reporting process
Performs and proactively offers insight into market research and provides market color to Portfolio Managers and broader Treasury and Risk counterparts
Performs credit surveillance for corporate bonds
Tracks Community Reinvestment Act (CRA) credits earned from investing in fixed income securities
Produces monthly materials for the Asset-Liability Committee Meeting (ALCO)
Produces reports for various other groups around the bank including Investor Relations and Regulatory Reporting
Performs quarterly Impairment analysis on credit portfolio
Performs impairment stress testing for capital planning and regulatory purposes
Assists with month end price verification of securities
Interacts with Wall Street counterparts
Supports other areas within the Balance Sheet Management team including Asset/Liability Management
Offers advice and guidance to junior analysts, assisting in the development of necessary skills and the promotion of continuous improvement initiatives
This position is exempt from timekeeping requirements under the Fair Labor Standards act and is not eligible for overtime pay.
This position is incentive eligible.
Requirements
Bachelor’s degree in Finance, Economics, Statistics, Mathematics, or related field
Seven (7) years of experience in banking, securities portfolio management or market risk management
Excellent analytical skills, including Excel (VBA)
Good verbal and written communication skills including presentation of financial analysis
Strong work ethic and self-motivation
Ability to work in a team environment
Strong attention to detail
Preferences
Master’s degree in a quantitative discipline preferred (e.g. Finance, Economics, Statistics, Mathematics, etc.)
Progress towards CFA designation
Experience with Bloomberg Terminal and Excel API
Experience with BlackRock Solutions’ Aladdin platform
Skills and Competencies
Proficient in Microsoft Office
Strong verbal and written communication skills including presentation of financial analysis
Ability to work in a team environment
Strong attention to detail
At Regions, the Derivatives Portfolio Analyst supports the bank’s Derivatives Portfolio Manager. The portfolios under management consist of balance sheet hedging derivatives and residential mortgage servicing rights (MSR) hedging derivatives. The bank’s Treasury department uses derivative financial instruments, primarily interest rate swaps and option contracts, to facilitate asset/liability management strategies. The bank’s Treasury department also uses various derivative instruments including swaps, futures, swaptions, and mortgage-backed securities to hedge the market value of its residential MSR asset.
The Derivatives Portfolio Analyst will assist the Derivatives Portfolio Manager in a variety of functions including trade strategy, execution, attribution, reporting, and market research.
Additional Responsibilities:
Assist Derivatives Portfolio Manager in trade strategies, modeling, market analysis, booking, reporting and record keeping
Assist Derivatives Portfolio Manager in daily profit and loss attribution for MSR asset
Assist with exotic balance sheet loan pricing
Work closely with Business Unit Controllers on developing, testing, and maintaining active fair value and cash flow hedge strategies
Interact with Wall Street counterparts
Produce monthly materials for the Asset-Liability Committee Meeting (ALCO) and various working groups
Assist in producing and/or validating materials for regulators and earnings related information
Support other areas within Balance Sheet Management team team including the Investment Portfolio and Interest Rate Risk
This position is intended to be onsite, now or in the near future. Associates will have regular work hours, including full days in the office three or more days a week. The manager will set the work schedule for this position, including in-office expectations. Regions will not provide relocation assistance for this position, and relocation would be at your expense.
Position Type Full time
Compensation Details
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target:
Minimum: $103,457.75 USD
Median: $149,740.00 USD
Incentive Pay Plans: This role is eligible to participate in the annual discretionary incentive plan. Employees are eligible to receive a discretionary award based on individual, business, and/or company performance.
Benefits Information
Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.
https://www.regions.com/welcometour/benefits.rf
Location Details Regions Center
Location: Birmingham, Alabama
Equal Opportunity Employer/including Disabled/Veterans
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
Salary : $103,458 - $149,740
