Investment Officer

Fulton Bank • Manheim Township, PA

10d • Remote

About The Position

This is a full-time career opportunity that can be remote.
The Investment Officer is directly responsible for managing, monitoring and executing transactions for the $5+ billion-dollar investment securities portfolio for the Bank and its affiliates. The incumbent in this role holds delegated authority to purchase and sell investments as permitted by senior leadership and the Asset Liability Committee (ALCO). The incumbent is responsible for identifying and capitalizing on relative value and opportunistic strategies benefiting the Bank. The Investment Officer will be responsible for managing the bank's balance sheet derivative hedging program.

Requirements

• Bachelor's Degree or the equivalent experience. Specialty: Finance, Accounting, Economics, Mathematics or other applicable. (Required)
• 6 or more years experience with RMBS, CMBS, corporate debt, and ABS. (Required)
• Demonstrated ability using the Bloomberg Terminal to access, analyze, and interpret financial markets data. (Required)
• Ability to utilize analytical techniques to evaluate data trends, identify insights, and support business or financial analysis. (Required)
• Ability to develop and execute portfolio strategies that optimize yield, risk, and liquidity constraints that are aligned with balance sheet goals and the bank’s risk appetite. (Required)
• As a condition of employment, individuals must be authorized to work in the United States without sponsorship for a work visa by Fulton Bank currently or in the future.

Nice To Haves

• Master's Degree or the equivalent experience. Specialty: Finance, Accounting, Economics, Mathematics or other applicable. (Preferred)
• 10 or more years bank or money manager fixed income portfolio management. (Preferred)
• 5 or more years interest rate swaps & options derivative trading. (Preferred)
• 3 or more years balance sheet strategy. (Preferred)
• Charted Financial Analyst (CFA) or Certified Public Accountant (CPA) (Preferred)
• Knowledge of Asset Liability Management (ALM) systems (Bancware, QRM, etc.). (Preferred)
• Knowledge of derivative instruments and hedging strategies including interest rate swaps, swaptions, futures, and other hedging tools used in ALM. (Preferred)
• Knowledge of specialized investment program management (i.e. BOLI, etc.). (Preferred)

Responsibilities

• Responsible for all facets of the multi-billion dollar fixed income investment portfolio, which includes acquiring, selling, and monitoring all fixed income and credit sensitive investments.
• Monitor broader economic themes and markets the Bank invests, including but not limited to residential and commercial mortgage-backed securities (RMBS, CMBS), corporate bonds, municipal bonds, trust preferreds, student loan and small business administration asset-backed securities (ABS).
• Responsible for evaluating and executing interest rate options and derivatives transaction to mitigate interest rate risk present on the balance sheet.
• Coordinate and communicate investment strategies and activities with various internal business partners. Collaborate with other Treasury managers to develop capital and balance sheet strategies.
• Manage all investment and administrative aspects of the Bank Owned Life Insurance (BOLI) investment portfolio.
• Monitor financial markets and advise leadership of positive and adverse market trends. Prepare analysis under various economic scenarios to support plausible actions taken to improve outcomes for the investment portfolios.
• Serve as primary contact to approved investment brokers, perform annual counterparty reviews, screen prospective vendors and their products to assure consistency with policies and procedures, legal and ethical requirements and regulations, audit requirements, and established risk management guidelines.
• Lends technical skill sets and modeling capabilities to other areas of the Bank.
• Develop and present detailed investment and hedge reporting to executive leadership.
• This role may perform other job duties as assigned by the manager. Each employee of the Organization, regardless of position, is accountable for reading, understanding and acting on the contents of all Company-assigned and/or job related Compliance Programs, regulations and policies and procedures, as well as ensure that all Compliance Training assignments are completed by established due dates. This includes but is not limited to, understanding and identifying compliance risks impacting their department(s), ensuring compliance with applicable laws or regulations, and escalating compliance risks to the appropriate level of management.

Benefits

• medical plans with prescription drug coverage
• flexible spending account or health savings account depending on the medical plan chosen
• dental and vision insurance
• life insurance
• 401(k) program with employer match and Employee Stock Purchase Plan
• paid time off programs including holiday pay and paid volunteer time
• disability insurance coverage and maternity and parental leave
• adoption assistance
• educational assistance and a robust wellness program with financial incentives

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level