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SalaryThe Fixed Income Analyst will have as primary responsibility to analyze and monitor the DB and and DC Pension Plan investments of the Fixed Income portfolios and monitor the LDI applications of the Plan's Assets vs its Liabilities.
The DB Pension Plan is investing 70% of its $11Billion assets in Core Fixed Income with primary objective to provide a hedging strategy for its Liabilities. The DC Plan allocates more more than $20billion and have passive and active investments in Fixed income assets. Currently all investments in DB's Core Fixed Income are managed by external managers and the LDI program grew substantially most recently as the Plan became over funded. The LDI program is monitored by the Aladdin System that is used to optimize the effectiveness of the liabilities hedging, minimize external fee payments, optimize additional alpha on top of the benchmarks and perform internal trading activities on US Treasury investments. The Fixed Income Analyst will report to the CIO of the US Pension Investments and will support the LDI Investment Officer.
Responsibilities:
- Contributes directly to the analysis and management of the Fixed Income Portfolios
- Participates in analyzing the liquidity and interest rate risk, liability hedging and duration matching and determines the credit risk and duration of the portfolios
- Deals directly with external Fixed Income managers, and helps to negotiate Investment Management Agreements and manages the ongoing relationships
- Works on fee payments to external managers and works on a project to determine ways to create stable alpha above the Core Fixed Income benchmark
- The position will require both individual analytical work as well as partnership across teams to identify solutions to business inquiries in a timely manner and own the implementation / execution steps to autonomously drive open issues to completion.
- Performs other duties and functions as assigned by the CIO, including reporting requirements on Risk, Compliance and Audit
- Interact daily with the Custodian to reconcile transaction, cash management and asset transfers
- Performs Due Diligence for new investments, annual reviews for existing investments, maintains a watchlist and presents recommendation to the CIO and the IIR for portfolio changes
- Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
Qualifications:
- 5 plus years of experience working for a financial services organization with focus on analyzing Fixed Income Portfolios
- Experience with effectively analyzing Actual and Forecast results with a comprehensive knowledge of Hedging Pension Plans Liabilities with Fixed Income Assets
- Thorough knowledge of key Interest Rate Risk metrics and experience in analyzing portfolios that are used for LDI purposes
- Proficiency with standard analysis tools (Excel / Access / SQL)
- Excellent written and oral communication
- Demonstrates thorough knowledge on the dynamics between the liabilities and P&L of portfolios
Education:
- Bachelors degree, potentially Masters degree in Economics, Finance or Mathematics
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Job Family Group:
Finance-
Job Family:
Balance Sheet Management-
Time Type:
-
Primary Location:
Long Island City New York United States-
Primary Location Salary Range:
$142,320.00 - $213,480.00-
Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
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