AVP Derivative Operations
Department: Hedging Operations
Location: Remote
Reports To: SVP, CFO
Summary Job Description:
- Manages the complete lifecycle of the interest rate derivatives products offered by the Borrower Loan Protection group. Complete life cycle includes the review and booking of trades, monitoring confirmations and settlements, and generating and processing periodic payment notices as well as the reconciliation of all these life cycle events.
- Ensuring appropriate compliance with regulatory requirements governing derivative transactions.
- Maintain accurate documentation of derivative trades related to borrower loan protection products.
- Generate reports for internal stakeholders, regulators, and auditors as required.
- Reconciling trade and contract data with external sources to ensure accuracy and completeness of records. This may involve reconciling data with counterparties, and internal systems.
- Identifying inefficiencies in trade processing and risk management processes and proposing enhancements to improve operational efficiency and reduce risk.
- Ability to assess and make recommendations for process flow improvement.
- Assist in preparation of various board, financial reports, and ad hoc report request.
- Promptly response to customer inquiries.
- Analytical and critical thinking skills.
- Attention to detail and high level of accuracy is required.
- Problem solving skills.
- Strong customer service skills.
- Ability to work independently and in a fast-paced, team environment.
- Effective communication skills.
- Ability to multi-task effectively with minimal errors.
- Strong understanding of commercial loans and interest rate hedging.
- A minimum of four years of related experience.
- Degree in Economics, Accounting, Finance, or Business Administration is a plus.
- Strong knowledge of interest rate swaps, similar derivatives and best practices/industry standards pertaining to hedging products.
- Audit and operational risk analysis experience is a plus.
- Strong knowledge of Microsoft Office products.
- Working knowledge of Bloomberg or another interest rate derivatives system.
- Demonstrated ability to understand complicated financial products and necessary legal documentation supporting the transactions.
Physical Demands/Work Environment:
The physical demands/work environment described here is a representation of what must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to stand or sit; use hands/arms/fingers to handle, feel or reach, talk/hear, position self to move and have visual acuity to determine accuracy, neatness, and thoroughness of the work assigned. The employee may be required to lift and /or move up to 25 pounds. The noise level in the work environment is usually moderate.
To Apply
Email Human Resources
PCBB is an equal opportunity employer and will consider qualified applicants for employment without regard to race, color, national origin, ancestry, sex, gender, gender identity, gender expression, religious creed, disability (mental and physical), medical condition, genetic information, age, marital status, sexual orientation, military and veteran status, or any other characteristics protected by federal, state or local law.