Treasury Portfolio Manager 1 Details

Treasury Portfolio Manager 1

Wells Fargo - New York, NY

Employment Type : Full-Time

Job Description

Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as “Personal Cell” or “Cellular” in the contact information of your application.

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Finance brings together enterprise functions that drive Wells Fargo's financial management, including accounting and control, financial planning and analysis, line of business finance, asset-liability management, treasury, tax management, and the company's investment portfolios. They also inform shareholders, regulators, taxing authorities, employees, and leaders of the company's financial performance through earnings releases, investor meetings and conferences, and meetings with regulators and credit rating agencies, following appropriate reporting guidelines.

Investment Portfolio

The Wells Fargo Investment Portfolio (IP) manages the Company’s Available-For-Sale (AFS) and Held-To-Maturity (HTM) securities and loan portfolios, and the Reinsurance and Bank Owned Life Insurance (BOLI) businesses as part of the Finance group. IP also provides strategic and analytical balance sheet support to the bank, as well as a centralized, street-facing trade execution and hedging function for the enterprise.

The Investment Portfolio consists of:

• Credit Investment Portfolio (CIP): Responsible for the evaluation of credit-driven investment opportunities across a broad spectrum of corporate bonds, notes, loans, Municipal bonds, CLOs, and other asset backed securities
• Macro Investment Portfolio (MIP): Responsible for maintaining a portfolio of fixed income investments to achieve liquidity, interest rate risk management, and capital management objectives on behalf of Corporate Asset/Liability Committee
• Trading: Street-facing trading desk with the ability to offer coordinated execution of all cash and derivatives trades for the portfolio, as well as for other key partners within Wells Fargo
• Reinsurance and Bank Owned Life Insurance (BOLI) businesses which consist of both life and annuity insurance contracts.
• Portfolio Strategy, Analytics, and Infrastructure (PSAI): Centrally manages IP’s analytics, including stress testing, sensitivity analytics, and optimizing investment decision making within capital, liquidity, and risk management constraints
• Financial Forecasting & Reporting (FFR): Centrally manages income and balance sheet forecasting and portfolio level reporting

The Treasury Portfolio Manager 1 is responsible for trading and day-to-day management of HQLA securities in the Macro Investment Portfolio.

Duties include:

• Evaluating securities and making buy and sell recommendations leveraging the MIP team to achieve the desired returns while managing liquidity, interest rate risk and capital constraints
• Maintaining relationships with the sell-side dealer community and continually assessing best execution, optimal liquidity and transaction costs
• Providing input and compiling commentary on markets for a variety of audiences
• Working with analytics and technology teams to develop and enhance risk evaluation methodologies
• Understanding and complying with accounting and regulatory guidance while also improving the team’s operating environment
• Helping represent the interests of IP for enterprise initiatives related to HQLA securities
• Representing the MIP team with internal business and risk partners when required

• 
  4+ years of capital markets experience

• 
  Ability to work in a fast paced deadline driven environment
• Excellent verbal, written, and interpersonal communication skills
• Strong analytical skills with high attention to detail and accuracy
• Strong organizational, multi-tasking, and prioritizing skills
• Ability to take on a high level of responsibility, initiative, and accountability

• 2+ years of experience in Agency MBS markets in a trading or strategy capacity
• A thorough understanding of pass-throughs, and familiarity with other interest rate products, market structure and market/macro factors affecting their valuation
• Familiar with valuation techniques for MBS
• Ability to demonstrate a collaborative approach to work across multiple IP groups and with IP business partners within Wells Fargo
• Ability to act as a stakeholder, and support and influence decision making

• 
  Ability to provide and work from a home office
• Willingness to work on-site at stated location on the job opening
• Position Hours: Monday - Friday (as early as 7 am and as late as 6 pm ).
• Ability to work additional hours as needed
• Ability to work outside of regular business hours
• Ability to travel up to 10% of the time

NY-New York: 30 Hudson Yards - New York, NY