Join WaFd Bank’s dynamic and evolving Finance team as a Portfolio Manager. In this role, you will be responsible for developing, implementing, and monitoring strategies for our $3 billion securities portfolio, aligning with risk-return objectives and portfolio guidelines. You will also support various capital markets activities across the bank's borrowing and lending portfolios.
As a key member of WaFd’s Asset and Liability Committee (ALCO), you will collaborate with the Finance team to create capital and balance sheet allocation strategies from a comprehensive risk perspective. Success in this role requires demonstrated expertise in capital markets activities, collaborative work, and a strong understanding of bank capital allocation.
The ideal candidate in addition to possessing strong analytical skills will also exhibit leadership capability to develop and engage junior team members. Along with the key functions listed below, this position will be expected to uphold the value that WaFd Bank places on simply being kind when servicing our co-workers and clients.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following and will be executed under the direction of the Treasurer. Other duties may be assigned:
Securities Portfolio Management Provide monthly income attribution reports for the securities portfolio as part of the financial close process.Present quarterly performance and compliance of securities portfolio to ALCO and enhance performance against industry standards and peer portfolios to identify areas for improvement and innovationConduct ongoing surveillance and review of the securities portfolioDevelop and execute portfolio strategies that align with the bank's overall risk appetite, interest rate outlook, and balance sheet objectives, while navigating evolving market conditionsOversee pre-trade compliance, trade execution and settlement by collaborating with internal business partnersSupport management of banking and brokerage relationshipsLiquidityReview short-term cash forecasts to ensure ample liquidity and manage daily short-term fundingOversee collateral management related to pledged loan and securities portfolios, including supporting routine collateral inspectionsLead liquidity planning by informing liquidity stress tests, enhancing liquidity monitoring metrics and testing liquidity facilitiesManage wholesale deposit portfolio determining brokered deposit issuance strategies and managing sweep arrangement compliance and reportingMisc. Capital Markets Activities Execute interest rate hedges for including determination of hedging instrument and pre-trade documentation of hedge and counterparty reviewCompile regular reporting of derivatives portfolio compliance, hedge accounting and fair value entriesPresent to ALCO balance sheet management strategies developed in concert with the Treasurer and other members of the Finance teamExecute on capital markets workstreams of approved balance sheet management strategiesSupport client facing back-to-back interest rate swap programMaintain working knowledge of market trends, economic indicators, and regulatory developments to surface new and growing opportunities to improve capital allocationProtect WaFd’s Interests: Maintain the integrity of WaFd’s business needs in all activities.Adhere to bank policies and procedures designed to comply with federal regulations, including but not limited to the Bank Secrecy Act, USA Patriot Act and OFAC regulations. To that end, ensure timely and accurate preparation of Currency Transaction Reports, Suspicious Activity Reports and other recordkeeping requirements.Complete and pass all assigned eLearning courses and assigned certifications as required.Avoid all real or perceived conflicts of interest and always maintain client privacy and confidentiality.Ad-hoc projects as needed Undertake special projects as required to support the Finance team and broader organizational goals QualificationsEducation/Skills/Training:
Bachelor’s degree in Accounting or Finance, requiredSignificant progress toward or completion of a master’s degree, CFA, FRM, or CPA (required)Strong interpersonal and communication abilities.Advanced proficiency in Microsoft Excel, Outlook, PowerPoint, and SharePoint.Experience with 3 core tools: Access, Alteryx, Bloomberg, Power BI, R, Snowflake, SQL, Tableau, VBAExperience:
10+ years of experience in financial analysis, with a focus on treasury, asset-liability management, capital markets, capital planning, secondary markets, or debt portfolio management5+ years of finance experience within a banking or corporate treasury environment2+ years of experience in a leadership role
BenefitsAt WaFd Bank you get all of these great benefits!
Paid time off for vacation, sick days and holidaysHealth insuranceStock optionsBonus programsGenerous 7% 401(k) employer matching*Paid Parental LeaveLife and AD&D insuranceLong-term disabilityTuition ReimbursementEmployee assistance programsPre-tax health and dependent-care spending plansWaFd Bank Benefits Summary - Click here for more information
EEO StatementWe are committed to Equal Employment Opportunity and Affirmative Action. We recruit, hire, train and promote persons in all job titles and ensure that all other personnel actions are administered without regard to race, color, religion, sex, sexual orientation, gender identity, military and/or veteran status, or disability in accordance with Executive Order 11246, Section 503 of the Rehabilitation Act of 1973, as amended, and the Vietnam Era Veterans Readjustment Assistance Act of 1974, which require affirmative action to ensure equal opportunity in all aspects of employment. WaFd Bank does not discriminate on the basis of national origin or citizenship status as provided under the Immigration Reform and Control Act of 1986, or any other Federal or State legally-protected classes. WaFd Bank is committed to providing reasonable accommodations to employees and applicants with disabilities to the full extent required by the Americans with Disabilities Act (ADA). If you feel you need a reasonable accommodation pursuant to the ADA, you are encouraged to contact us at 800.324.9375
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Requisition Post Information* : Posted Date 12/13/2024 Options Apply for this job onlineApply via your Mobile deviceShareEmail this job to a friendRefer Sorry the Share function is not working properly at this moment. Please refresh the page and try again later. Share on your newsfeed Application FAQsSoftware Powered by iCIMS
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