Conduct Investments performance evaluation.
Economic analysis and market research
· Monitor economic indicators and interest rates to maintain up to date market information and to be able to provide guidance for investment and funding strategies, as well as provide information through investment committee reports.
· Follow and recognize changes in interest rate monetary policy by the Federal Open Market Committee (FOMC), including the Federal Funds Target Rate and the Discount Rate, and the Prime Rate
· Keep abreast of investment management technology and market evolution through self-study.
Interest rate analysis
· Analyze interest rate forecasts to assist in the management of the balance sheet risks, as estimated by the Financial Analysis Department team.
· Evaluate and monitor lending product pricing (e.g. credit cards, mortgage loans) to assure adequate profitability metrics.
· Provide support to the business efforts of other departments of the Bank such as Corporate Banking, Government and Institutional Banking, Retail Banking, Mortgage Department, internal and external audits, and others, including:
· Analyze different derivative instruments, to effectively manage the Bank’s exposure to interest rate risk as directed by upper management’s strategies; including, but not limited to IR swaps, IR Caps, IR Floors, Options
· Provide hedging ideas to manage interest rate risk by using derivatives in other instruments such as Structured Repos and Advances
· Provide support to the Corporate Lending units to structure interest rate risk hedges.
· Trade with approved derivatives counterparts
Reporting
· Prepare reports and presentations on different aspects of investment and funding portfolios, the economy, and the capital markets.
· Collaborate in the preparation of ALCO and BODALCO reporting packages.
Operational tasks
· Participate in special projects of the Investments and Treasury department, as needed.
· Perform filing and safekeeping tasks.
· Write letters and memos.
· Prepare trade tickets for all the transactions.
· Revise and confirm transactions.
· Internal client service
· Promptly attend to auditors’ requests for information
· Prepare economic indications and other presentations.
· Entertain and tend to Broker calls and visits.
What You’ll Need to Succeed
· Bachelor’s or master’s degree in finance and 1-2 years of experience.
· Chartered Financial Analyst designation preferred.
· Or the equivalent combination of Education and Experience needed to be able to perform the functions of this job.
The competencies detailed below are the behaviors to be exhibited by the incumbent while performing his/her duties as relates to our corporate values, culture, and philosophy.
· Customer service: Manages difficult situations with internal customers and responds promptly to their needs.
· Teamwork: Contributes to building a positive team spirit
· Ethics: Treats people with respect; keeps commitments; inspires the trust of others; works with integrity and ethically; and upholds organizational values
· Innovation: generates suggestions for improving work; meets challenges with resourcefulness; and develops innovative approaches and ideas
· Quality: demonstrates accuracy and thoroughness and looks for ways to improve and promote quality
· Computer literate (Word, Excel, PowerPoint, Outlook)
· Excellent verbal and written communication in both English and Spanish.
· Good managerial skills
· Technical knowledge of capital markets and mathematical concepts of risk and return specifically applicable to the management of fixed-income portfolios and bank funding and profitability.
· Knowledge of macro-economic concepts and dynamics
· Working knowledge of the Bloomberg market information and trading system
· Working knowledge of rules and regulations governing the treasury and investments management operations
First Bank Puerto Rico is a proud to be an Equal Employment Opportunity Employer and takes affirmative action to employ Women, Protected Veterans, People with Disabilities and Minorities regardless of gender identity, sexual orientation, and any other legally protected status.