Treasury Analyst

Title: Treasury Analyst

Location: Washington United States

Job Description:

Professional

Requisition ID: 1156

Salary Range:$105,000.00 To $125,000.00 Annually

Position Summary

The Treasury Analyst at Farmer Mac will support the Treasury front office teams’ issuance, derivative and investment activities. This includes business reporting, transaction documentation, derivative collateral monitoring and optimization, system testing and troubleshooting and partnering with the Treasury Operations and Accounting teams as a primary liaison with the Treasury front office teams. This position will not have trade execution authority. The individual who is filling this role must be detail oriented, capable of balancing competing priorities with firm deadlines while displaying the ability to work independently within established parameters.

The People You Will Work With

The position will report to the Assistant Treasurer. The Treasury Analyst will primarily support the Treasury front office team tasked with debt issuance, hedging and investment activities.  The position will interact with Farmer Mac’s debt and derivatives counterparties as well as internal stakeholders across the Finance team with a core focus on supporting the Treasury front office team in their coordination with the Treasury Operations and Accounting teams. The position is expected to support, together with the IT team, the front-end systems and databases used by the Treasury front office team for trade capture across the debt, derivative, and investment portfolios.

Where and When You Will Work

Work is to be conducted following a hybrid model of a combination of work from home days and in person at Farmer Mac’s headquarters at 2100 Pennsylvania Avenue N.W., Washington, DC. The Treasury team currently works in the office twice a week subject to changes in policy. This is not a fully remote position; significant travel is not expected. This position requires availability during market hours with the core Monday through Friday business hours of 8:00 am to 5:00 p.m. Eastern Time. This position may need to be available on occasion outside of the core business hours and/or business days for planned and unplanned activities to complete time sensitive projects or to attend off-site meetings and events.

Major Responsibilities and Duties

Support Financial Market Transactions

• Assist in the review of debt, derivative, and investment transaction bookings for accuracy
• Monitor the company’s cost of funds curve, market liquidity, and potential impacts from market changes and communicating information to the funding and investment teams
• Assist portfolio managers in system updates for Farmer Mac’s funding curve and monitoring new loan activity and monitoring interest rate exposures on rate locked loans
• Liaise between Treasury Front Office, Treasury Operations, and dealers for trade settlement breaks on debt issuances, interest rate swap payments or investment securities transactions. Escalate as needed with counterparties and internal stakeholders. 

Derivative Collateral, Margin and Documentation Support

• Lead and oversee the documentation process for the company’s debt issuances to ensure timely and accurate postings of debt offerings and timely execution of transactions with counterparties
• Responsible for daily collateral validation and recommending collateral calls to counterparties.
• Lead the Treasury teams’ workstream for managing initial margin and variation margin requirements and optimization across the company cleared and bilateral swap portfolios, including managing the company buildout to comply with Uncleared Margin Rules (“UMR”)
• Review and interpret terms of ISDA agreement and associate Credit Support Annex ensuring collateral terms are properly interpreted and documented in system
• Monitor and report on exposures to bilateral swap counterparties including material changes in exposures and credit ratings; partnering with Treasury Operations to adjust margin postings as required
• Lead the Treasury teams’ review and execution of documentation for bilateral swaps

Data Integrity and Reporting

• Work with Finance Data Analytics team on resolving data gaps between front office trade capture system and Finance data warehouse 
• Assist front office portfolio managers in capturing investor information on debt issuance trades and logging into trade capture system to improve investor relations targeting and reporting
• Partner with portfolio managers and Accounting and Financial Reporting teams as needed to investigate data inconsistencies in front end trade systems specifically as it relates to static data, cashflows and data feeds from market data providers such as Bloomberg
• Assist supervisor and portfolio managers in forecasting, ALCO, Board and regulatory reporting on investment activities, funding market activity and derivative exposures and usage
• Support month-end close process by updating call schedules, rate indices, missing security factors, missing securities prices and flagging positions that are out of not in the proper workflow configuration

Process Improvement, System Development, Regulatory and Audit

• Support testing and implementation of new Treasury applications including the annual upgrades for the Calypso system. 
• Contribute to process improvement initiatives to enhance resource utilization, data management, knowledge sharing, and reporting accuracy.
• Design, build, test, and implement new processes to automate and enhance daily processes across multiple platforms including leveraging AI and robotic automation to streamline documentation, reporting and repeatable tasks
• Works with Internal Audit/Enterprise Risk to provide information and test internal controls
• Support portfolio managers to prepare and provide source information required for regulatory reporting
• Conduct regular reviews of trading processes and workflows, identifying areas for improvement and implementing best practices
• Assist with onboarding for new legal entities and ongoing KYC support including front end system setup of legal entities
• Partner with Enterprise Risk team for counterparty whitelisting, trade limits updates as appropriate

Desired Skills and Qualifications

• A strong knowledge of financial markets, fixed income securities, financial derivatives, initial and variation margin requirements, GSE debt markets and a fundamental understanding of interest rate risk
• Displayed comfort in written communication to both internal and external stakeholders
• Exceptional work ethic and desire to support portfolio managers in improving trade execution outcomes
• Able to independently evaluate work processes to identify areas of improvement including where AI or robotic automation can improve existing processes
• Strong command of Excel, Word and PowerPoint required, competence with VBA, SQL infrastructure preferred

Education and Experience

• Minimum of 2.5 years of experience in supporting a front office team with debt funding, liquidity investments, fixed income markets, derivatives, Treasury Operations, Balance Sheet Management, and margin requirements for cleared derivatives and bilateral interest rate swaps 
• Bachelor’s degree in finance, mathematics, engineering, or a related field required.
• Experience working with a front office trade and risk system, such as Calypso, Murex or similar is strongly preferred

Our compensation philosophy is targeted pay positioning relative to peers, our industry, and external markets. Farmer Mac is committed to a compensation program that will enable the organization to attract, motivate, reward, and retain highly skilled and creative talent to maintain sustained long-term performance and achieve the organization’s strategic business objectives. The typical base pay range for this role is $105,000 to $125,000 per year. Compensation will vary based on experience and geographic work location.