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Type of Role: Investments

Experience Level: VP/Principal/Director

Location: Boston, Massachusetts

Salary: $150K - $225K

Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $222.0 billion in assets as of September 30th, 2023. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Details below.

Description

As the investment portfolio Sr. Manager, you will assist in management of a portfolio within the investment office. This role is designed to provide enhanced opportunity and responsibility. As the candidate grows within the role, will begin with Portfolio reporting and analytics before transitioning to a trading and analytics role through time.

The initial primary roles responsibilities include:

  • Reporting & Analytics:
    • Development and continued enhancement of month and quarter end reporting that supports ALCO, Board-level, and Investor Relations preparation and presentations
    • Development of dashboards supporting the Investment Portfolio, Institutional Hedging, and MSR Hedging on a daily basis that show exposures, statistical analysis, and relation to underlying market data
    • Daily economic and market surveillance and intelligence that is broadly communicated
  • Model Support: Assess, develop, and/or refine desk and production-based models (BlackRock Analytics) to support the team’s pre-trade analysis and macroeconomic environment evaluation. Utilize desk models to analyze relative value, relation to macro-economic factors, scenario analysis, and hedging strategies, communicating and supporting market thesis’s
  • Forecasting: Support for the BAU and stress testing/CCAR forecasting processes associated with the securities and derivatives portfolios.
  • Miscellaneous: Actively promote change within the Investment Portfolio, Derivatives and MSR Hedging group, communicate ideas succinctly to Portfolio Managers while working in a team environment, and other ad hoc projects as they arise.

Following demonstration of understanding risk factors that drive the Investment Portfolio, Institutional Hedging, and MSR Hedging, the person will begin learning to apply concepts learned from the reporting, analytics, model support and building, and forecasting. Potential additional responsibilities would include:

  • Trade Execution: support for the MSR, Investment Portfolio, and Institutional Hedging portfolios across TBAs, interest rate swaps, interest rate options, futures, Agency MBS, CMBS, CMOs, and other Non Agency products
  • Driving Strategic Direction: Using an understanding of balance sheet risk factors and management goals that drive CFG performance, develop creative solutions to drive strategic direction of different team pillars or allocation decisions while factoring in macroeconomic and other factors.

Qualifications:

  • History of model development and/or expert level Microsoft excel skills, along with some coding experience (SQL, VBA, SAS, Python, R)
  • Interest in financial markets, bank balance sheets, and developing creative solutions to problems

Education:

  • Required – Bachelor Degree in Business, Finance, Economics, math, statistics or another related topic
  • Progress towards the Chartered Financial Analyst (CFA) or Financial Risk Manager (FRM) designations

Hours & Work Schedule

  • Hours per Week: 40
  • Work Schedule: Hybrid, M-F

Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.

Equal Employment Opportunity

At Citizens we value diversity, equity and inclusion, and treat everyone with respect and professionalism. Employment decisions are based solely on experience, performance, and ability. Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.

Equal Employment and Opportunity Employer

Citizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.

Benefits

We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more.