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Federal Home Loan Bank of Cincinnati · 1 month ago

Portfolio Management Specialist I

Cincinnati, OH, US

Full-time

Onsite

New Grad, Entry Level

0+ years exp

Federal Home Loan Bank of Cincinnati is seeking a Portfolio Management Specialist I to coordinate the collateralization process for various investments and derivatives. This role involves providing administrative and analytical support to ensure compliance and accuracy in reporting, while assisting with data management for the Portfolio Management team.

BankingCreditFinancial Services

Work & Life Balance

H1B Sponsor Likely

Responsibilities

Prepares various reconciliations and reports of investment, liquidity, derivative, and debt transactions captured in Findur, TRUST, Apex, and DMS. Compiles data from various systems and sources for validation, analysis, and reporting. Assures identification and remediation of discrepancies. Presents findings and reports when appropriate

Reconciles swap positions and internal valuations with the Futures Commission Merchants (FCM), Clearing Houses, and Broker Dealers, validating that collateral movement is based on the FHLB’s agreed valuation and the billing for services is correct. Assures selective netting of swaps occurs at the Clearing Houses and the FCMs correctly. Verifies and provides accrual information to Accounting monthly for recording on the general ledger, and requests daily cash/security transfers for collateral movement

Coordinates the collateral pricing process and credit lines for Resale transactions. Updates counterparty Master Repurchase Agreement information and internal ratings in TRUST

Obtains supporting documentation and prospectus/term sheets for all MBS/agency debentures, and similar investments. Interacts with brokers, securities dealers, and government agencies to acquire information

Facilitates the completion of To Be Announced (TBA) Trade Assignment Agreements from involved counterparties before the settlement date

Supports Portfolio Management team with data and reporting needs before and after trade execution to ensure data accuracy, robust decision making, and operational efficiency

Interacts with the Systems and Solutions team in Treasury to identify process improvements to various systems and applications, which includes updating procedures and documentation of the resulting new process workflow

Assists with the counterparty management process by ensuring that appropriate repeat codes and settlement instructions have been implemented or modified

Assists trading desk with running the Advance pricing process

Completes special projects and performs other duties as assigned by management

Qualification

Bachelor’s DegreeFinancial analysisBanking industry knowledgeExcel proficiencyBloomberg experienceAnalytical skillsInterpersonal skillsOrganizational skills

Required

Knowledge at a level normally acquired through completion of a Bachelor's Degree in Business Administration, Accounting, Finance, or related field with a strong interest in fixed-income, finance, and/or banking

Core understanding of the banking industry and capital markets. Knowledge of financial theory, derivatives, asset/liability management, mortgage securities, hedge vehicles, and investments with an emphasis on credit risk and IRS collateral risk exposure management is preferred

Zero to two years of analytical experience combined with related business experience, preferably in the financial services industry

Proficient use of personal computers with intermediate skills in spreadsheet and database applications

Ability to prepare statistical reports containing text and tabular matter. Including formatting, layout, and composition of material

Analytical skills necessary to research, prepare, and present a variety of reports and analyses

Ability to work independently and accurately while under pressure, to prioritize workload from multiple sources, to manage time effectively, to meet tight deadlines, and to follow established guidelines with direction from supervisor for unusual or complex issues

Demonstrates exceptional attention to detail, with advanced balancing and proofing capabilities that ensure data integrity and eliminate errors in high-stakes environments

Possesses strong interpersonal skills—both verbal and written—with the ability to communicate clearly and professionally across all levels of Bank staff, securities dealers, Futures Commission Merchants, and rating organizations

Demonstrates a keen awareness of context and detail, tailoring communication to ensure clarity, relevance, and precision in every interaction

Demonstrates interest in working with a variety of backgrounds and perspectives that align with the Bank's core value

Promotes an environment of empathy and respect to ensure the inclusion of all team members

Proven ability to work independently and accurately under pressure, effectively managing time and prioritizing tasks from multiple sources

Demonstrates strong organizational skills, creative problem-solving, and analytical thinking, while consistently adhering to established guidelines and delivering high-quality results in fast-paced environments

Preferred

Knowledge of financial theory, derivatives, asset/liability management, mortgage securities, hedge vehicles, and investments with an emphasis on credit risk and IRS collateral risk exposure management

Experience using Excel and Word

Experience with financial market information systems, such as Bloomberg

Company

Federal Home Loan Bank of Cincinnati

The Federal Home Loan Bank of Cincinnati (FHLB) is a regional wholesale bank providing housing finance and economic development products and services to more than 600 member institutions located in the Fifth FHLB District of Kentucky, Ohio, and Tennessee.

Founded in 1932

Cincinnati, Ohio, USA

201-500 employees

https://www.fhlbcin.com/

H1B Sponsorship

Federal Home Loan Bank of Cincinnati has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

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Trends of Total Sponsorships

2025 (6)

2024 (6)

2023 (2)

2022 (1)

2021 (5)

2020 (2)