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Treasury Fixed Income Trader Senior (Remote Work Location Available)

Company: USAA
Location: San Antonio
Posted on: November 22, 2020

Job Description:

Purpose of JobWe are currently seeking a talented Treasury Fixed Income Trader Senior (Remote Work Location Available) for the San Antonio Home Office I.

Interprets and reports on current and anticipated market conditions. Performs fixed income trading for bonds, to include holdings appropriate for a depository institution. Conducts negotiations for aggressive and best execution of trades. Serves as a subject matter expert and assists in the coaching and training of other traders.Job RequirementsAbout USAAUSAA knows what it means to serve. We facilitate the financial security of millions of U.S. military members and their families. This singular mission requires a dedication to innovative thinking at every level.In each of the past five years, we've been a top-40 Fortune 100 Best Companies to Work For--, and we've ranked among Victory Media's Top 10 Military Friendly-- Employers 13 years straight. We embrace a robust veteran workforce and encourage veterans and veteran spouses to apply. (17 seconds) (31 seconds)Job Overview

  • Identify and manage existing and emerging risks that stem from business activities and the job role.
  • Ensure risks associated with business activities are effectively identified, measured, monitored, and controlled.
  • Follow written risk and compliance policies and procedures for business activities.
  • Maintains knowledge of the securities markets in general and/or individual securities owned by USAA and its affiliates through interfacing with market participants and market research to provide security selection decisions and provide input into portfolio allocation across asset classes.
  • Interprets and reports on news items, current economic data and market activity, and trends and forecasts of possible market impact to various stakeholders to inform decision-making regarding the portfolio as key component of the Bank's overall balance sheet.
  • Utilizes extensive expertise across broad fixed income asset classes appropriate for banking and depository institutions and liquidity management in order to optimize the portfolio when considering both risk and return parameters.
  • Understanding of derivative structures and hedging strategies used by banks and other financial institutions.
  • Conducts and maintains written summaries on pre-trade analytics for all purchases and maintains portfolio management environment for ongoing analysis of Bank portfolios.
  • Briefs senior bank and treasury management on market conditions and forecast and participates in committee discussions regarding portfolio purchase and allocation strategies.
  • Negotiates trades independently considering the current market environment, supply, demand and liquidity for specific security types, and other relevant factors that may affect pricing.
  • Assists with the development of strategic guidance to senior bank and treasury management on market conditions and forecast and participates in committee discussions regarding recommended portfolio purchases and allocation strategies.
  • Monitors and maintains team processes and procedures.
  • Monitors and maintains tracking of trading activity to ensure progress toward completion of investment directives and reports regularly to key stakeholders on activity and progress.
  • Monitors and reviews requirements within Affiliate Service Agreements and escalates concerns as appropriate.
  • Serves as team POC for matters related to regulatory and policy compliance, Internal Controls over Financial Reporting, Audit, etc.
  • Coordinates with Treasury, investment and finance leaders to ensure portfolio execution aligns to committee, policy and Board approved mandates.Minimum Requirements
    • Bachelor's Degree in Business, Accounting, Finance, Economics or related discipline; 4 additional years of related experience beyond the minimum required may be substituted in lieu of a degree.
    • Minimum of 6 years' trading fixed income securities.
    • Advanced knowledge of the bank balance management and asset allocation across fixed income asset classes, and demonstrated application of knowledge, skills and abilities towards work products.
    • Advanced level of business acumen in the areas of the business operations, industry practices and emerging trends.
    • Advanced understanding of accounting classification, liquidity haircuts, risk-weighting, collateral management, baseline and stress performance and the impact to income statement and balance sheet.
    • Ability to advise across committees and leaders on security and allocation strategy to support Asset Liability Management (ALM) and duration of equity targets.
    • Strong understanding of the functioning of primary and secondary fixed income markets, pricing, and valuation of securities.
    • Strong understanding of structured products, with an emphasis on mortgage-backed securities, underlying loan characteristics and their effect on pool behavior in various market environments, and structural risks/benefits.
    • Demonstrated leadership of business-directed projects, which require collaboration across multiple teams/LOBs.
    • Understanding of the trade flow process and various parties and systems used for settlement, custody, accounting, performance, and data management.
    • Advanced skills with Microsoft Office, with an emphasis in Excel and PowerPoint.
    • Experience with Bloomberg.
    • Familiarity with one or more portfolio analytics environments
    • Experience with management of fixed income portfolios.*Qualifications may warrant placement in a different job level*When you apply for this position, you will be required to answer some initial questions. This will take approximately 5 minutes. Once you begin the questions you will not be able to finish them at a later time and you will not be able to change your responses.Preferred Qualifications
      • Strong understanding of all aspects of the repo market including money markets, fixed income securities, relative funding rates in repo space and the repo transaction lifecycle.
      • Ability to constantly review end to end processes, appropriately challenge as first line of defense to identify controls gaps and implement remediation steps if necessary.The above description reflects the details considered necessary to describe the principal functions of the job and should not be construed as a detailed description of all the work requirements that may be performed in the job.At USAA our employees enjoy one of the best benefits packages in the business, including a flexible business casual or casual dress environment, comprehensive medical, dental and vision plans, along with wellness and wealth building programs. Additionally, our career path planning and continuing education will assist you with your professional goals.USAA also offers a variety of on-site services and conveniences to help you manage your work and personal life, including seven cafeterias, two company stores and three fitness centers.Relocation assistance is not available for this position.For Internal Candidates:Must complete 12 months in current position (from date of hire or date of placement) or must have manager's approval prior to posting.Last day for internal candidates to apply to the opening is 11/10/20 by 11:59 pm CST time.

Keywords: USAA, San Antonio , Treasury Fixed Income Trader Senior (Remote Work Location Available), Accounting, Auditing , San Antonio, Texas

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