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Vice President Interest Rate Risk
Internet Industry Company
Arlington, VA, United States
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THE COMPANY
E*TRADE is a leading financial services company and a pioneer in the online brokerage industry. Having executed the first-ever electronic trade by an individual investor more than 30 years ago, the company has long been at the forefront of the digital revolution, offering easy-to-use solutions for individual investors and stock participants. Founded on the principle of innovation and determined to level the playing field for individual investors, E*TRADE delivers digital platforms, tools, and professional assistance to help investors and traders meet their near-and long-term investing goals. The Company provides these services both online and through its network of customer service representatives and financial consultants – over the phone at two national branches and in-person at 30 E*TRADE branches.
RESPONSIBILITIES
This position is responsible for the measurement and management of E*TRADE’s interest rate risk exposure. The position requires an advanced understanding of MBS, non-maturity deposits, interest rate derivatives as well as an understanding of Asset/Liability and Liquidity Management. Individual must be able to understand changes in the market (rates, spreads, option volatility) and communicate the effect to the firms interest rate risk metrics. This individual will manage and develop junior staff as well as manage priorities with respect to balancing between daily responsibilities and long term projects.
• Enhance the measurement and communication of market risk embedded in firms balance sheet
• Oversee and manage the production and reporting of all interest rate risk analysis
• Challenge portfolio group on asset selection and relative value views
• Communicate major drivers of risk and returns, analyze trends and explain changes
• Manage multiple projects ranging from model testing and validation to audit and regulatory requests
Communicate interest rate risk topics at risk committees and regulatory meetings
REQUIREMENTS
• Must have 8 plus years of Interest Rate Risk Management / Fixed Income portfolio analysis experience
• Exhibit a detailed understanding of the market risks in a portfolio which includes Agency RMBS, Agency Multi-family and interest rate derivatives.
• Deep knowledge of a variety of technical and market tools, including Blackrock, PolyPaths, Bloomberg, Excel, R/Matlab/SAS, SQL
• Advanced knowledge of fixed income instruments, including CMO and CMBS structure
• Must have detailed understanding of duration, convexity, vega, and spread duration
• Understanding of prepayment and interest rate models, return attribution, Equity-at- Risk, Earnings-at-Risk, PCA and Value-at-Risk methods
• Excellent analytical skills and an ability to apply these skills across a variety of products
• Excellent communication and interpersonal skills. Proven teamwork is imperative
Additional Requirements:
• An undergraduate or master’s degree in a quantitative or financial discipline
• CFA in lieu of masters
FRM
BENEFITS
We offer a competitive and comprehensive benefits package. Please visit Company website-work-at-etrade/employee-benefits to learn more about the opportunities.
E*Company is an Equal Opportunity Employer who encourages diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, age, disability, citizenship, marital status, sexual orientation, gender identity, military or protected veteran status, or any other characteristic protected by applicable Company website are no upcoming events at this time.