Avp, Investment Portfolio Management

At VyStar, we offer competitive pay, an excellent benefit package that includes a 401(k) Plan, an extensive paid technical and on-the-job training program, and tuition reimbursement--available to all full and part time employees. Part time positions start at a minimum of 30 hours per week.
We encourage you to become a part of VyStar Credit Union's family of employees.
AVP, Investment Portfolio Management
ACCOUNTABILITY STATEMENT
The AVP, Investment Portfolio Manager will work with the SVP, Investment Portfolio Management to manage VyStar's growing $3 billion Investment Portfolio and contribute related information to the workflow of other teams in VyStar.
Primary activities include maintaining the Investment Portfolio in analytical software, performing return and other analysis on the portfolio, securities trading, monitoring security performance and highlight opportunities or concerns, preparing portfolio reports and assisting with portfolio performance commentary. The AVP, Investment Portfolio Manager will be familiar with the fundamentals of mortgage prepayment and corporate credit analysis with ability to apply critical thinking in the analysis. The position should have a solid understanding of the Investment Portfolio's impact to VyStar's interest rate risk and earnings to effectively contribute to portfolio structuring and security selection decisions.
The position will be involved with monitoring peer credit union and banking comparisons and provide value-added observations of peers' earnings, risk profile and exposures. The position will leverage their expertise in other capital market related activities such as balance sheet hedging, debt offerings and asset securitization.
RESPONSIBILITIES

• Maintain the Investment Portfolio in Yield Book and prepare portfolio reports for ALCO and other committees
• Monitor prepayment of mortgage securities in portfolio against purchase expectations and their contribution to book income
• Maintain trading trends of corporate bond holdings and monitor issuers for credit risks
• Monitor and evaluate portfolio holdings based upon prepayment and credit risk considerations
• Contribute to sector allocation and security selection decisions based on macroeconomic forecasts and market assessment
• Analysis the portfolio's contribution to VyStar's interest rate risk and book income with comments on areas of concern or opportunity
• Execute security trades as needed
• Maintain default profile (probability of default and loss given default) of corporate bonds used in CECL loss allowance calculation
• Lead monthly review of the Investment Portfolio's CECL loss allowance and provide insight into the contributing drivers
• Serve as point of contact to other areas of Finance and Accounting for investment data
• Stay informed on economic data and market movement to provide critical assessment of economic scenarios
• Involvement in other capital market related activities as may occur
• Provide ad hoc portfolio analysis and reporting as needed
• Provide portfolio and economic commentary to committees and management as requested
• Analyze historical trends on completed bank and credit union M&A transactions
• Attend industry conferences as appropriate

KNOWLEDGE, SKILLS, AND ABILITIES
Expectation is a minimum of five years of relevant experience with knowledge of fixed income securities and markets including an understanding of bond math. Ability to grasp quantitative concepts of risk and exposure, and their application to Portfolio Management. Technical skills including advanced Excel and programming experience managing large datasets is required. Strong analytical, interpersonal, and critical thinking skills with attention to detail. Knowledge of the Bloomberg terminal and bond analytics system, such as Yield Book, BondEdge or Bloomberg PORT, is required. Understanding of the differences between book return and total return will be important to security selection in this position.
REQUIRED

• Knowledge of fixed income fixed income securities, markets, and risk measures
• Experience trading fixed income securities
• Strong knowledge of fixed income analytic systems such as Yield Book, BondEdge or Bloomberg PORT
• Experience applying client risk constraints and income objectives to portfolio construction and security selection
• Ability to assess changes in economic or competitive conditions on mortgage prepayment expectations and corporate credit performance
• Experience with fundamental and quantitative research from credit research firms such as CreditSights, Standard & Poor's and Moody's is preferred
• Advanced application of Microsoft Office applications and analysis tools
• Understand statistical concepts such as probability of default and loss given default
• Ability to balance numerous tasks and meet deadlines
• Solid analytical, verbal, and written communication skills
• Ability to work independently as well as in a team environment

EDUCATION
A four-year college degree in a business-related subject such as Business Administration, Accounting, Finance, or Economics with proven fixed income management experience is required. An advanced degree or certification such as an MBA or Certified Financial Analyst (CFA) is preferred and may substitute for experience.
DISCLAIMERS AND WORK ENVIRONMENT
Nothing in this position description is an implied contract for employment. The position description is intended to be an accurate account of the essential functions. The functions are not all encompassing and are subject to change at any time by management.
The work environment characteristics described are representative of those that an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
As required or requested, may exert up to 20 pounds of force occasionally and/or a negligible amount of force constantly to lift, carry, push, pull or otherwise move objects.
VyStar Credit Union is not seeking outside assistance or accepting unsolicited resumes from staffing agencies or search firms for employment or contractor opportunities. Any resumes submitted by an outside vendor to any employee at VyStar via e-mail, internet, or directly to hiring managers without a valid written search agreement with the Talent Acquisition / HR department will be deemed the sole property of VyStar Credit Union.
No placement fee will be paid if a candidate is hired as a result of the referral, or through other means.
Thank you for your inquiry regarding our current job opening. Your resume will be carefully reviewed against the position requirements. Should your experience and skills match, you will be contacted by one of our Human Resources department staff members.
Thank you again for your interest in this position!
VyStar Credit Union Human Resources