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Treasury Analyst

Location Boston

The Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England serving more than 420 financial institutions across the region. The Federal Home Loan Bank of Boston is committed to making New England a better place to live and do business, and our employees are integral to our success. As a cooperative, we are owned by more than 420 banks, credit unions, insurance companies, and community development financial institutions that access tens of billions of dollars of our reliable, wholesale funding each year. Our funds are a vital resource that helps our members succeed, provide families with safe, decent affordable housing, and generate economic development that creates jobs in communities throughout our region.

Our highly skilled team of 220 is innovative, collaborative, and passionate about the work we do. We seek other professionals excited to share their knowledge, talent, and passion for our mission to join our team. We offer opportunities for career development, robust benefits, and a work-life balance.

Position Summary

The Treasury Analyst (TA) will be primarily responsible for the tasks supporting the Bank’s funding, hedging, advance pricing, and liquidity management functions. The TA will work primarily with the Capital Markets Manager (CMM), the Liquidity Manager (LM) and the Funding Manager (FM) to ensure that the Bank’s funding and liquidity functions are fulfilled effectively and efficiently and within the Bank’s policy and regulatory framework. The functions include trade entry, pricing, reporting and analysis. The TA may also be asked to assist the Member Funding Desk with member inquiries and booking advance transactions.

The ideal candidate will be a self-starter with a financial and/or quantitative background who demonstrates a thirst for learning. Solid interpersonal skills, coupled with effective communication techniques, must be demonstrated, along with an emphasis on attention to details and the ability to manage own time to meet competing deadlines.

Work hours/Schedule: During training, which may take a few months, the daily work schedule will be 7:45am to 5:15pm, Monday through Friday. Once fully trained and notified by management, the schedule will shift to 7:45am – 4:45pm or 8:15am – 5:15pm depending on coverage and responsibilities for a specific day.

To set a new colleague up for success, our expectation is that 3 or 4 days a week will be office-based work. Once fully onboarded, this role will have a hybrid work schedule in our Boston office in accordance with the Bank’s Hybrid Work Program.

This role will require a credit check as part of the background check.

Anticipated Pay Range

The anticipated annual base pay range for this role is $51k - $83K. This role is classified as non-exempt.

This role is based in Boston with weekly in-office expectations. The base pay posted represents the annual base pay range or hourly wage range that we expect to offer for this job opportunity. The actual base salary offer will depend on a variety of factors including relevant experience, required skills and other relevant factors. The range noted here is not indicative of all positions in the job grade within which this position falls.

All Bank full-time positions are eligible to participate in our annual incentive program and our robust total rewards offerings, in addition to the base pay.

For more information, visit Careers - FHLBank Boston (https://www.fhlbboston.com/about-us/careers/)

Specific Responsibilities

Core Responsibilities 30% - 50% of the time

• Report generation

• Trade entry/editing

• First-line error resolution/troubleshooting with internal and external parties

• Assist with providing member support via phone and Instant Bloomberg (IB) chats with counterparties

• Pricing support

• Ad-hoc analysis and reporting

• Documentation support

• System/application testing

Liquidity and leverage management 10% -15% of the time

• At the direction of the LM, trade money market instruments such as fed funds, repo, IBDDA’s, etc. and report on such activity

• Assist with monitoring counterparty exposure involving reporting, analysis and reading market signals

Funding 10% -15% of the time

• At the direction of the CMM, LM and/or FM, issue debt through capital markets to fund balance sheet

• Assist with monitoring and projecting funding needs

Pricing 10% - 15% of the time

• Price standard advances in context of competitive landscape (wholesale funding market) as well as Bank’s funding environment

• At the direction of the CMM, assist with the complex advance pricing process

Hedging 10% - 15% of the time

• Assist the CMM in pre-execution margin optimization for all cleared derivative transactions.

• Assist the CMM with the execution of Bank-sanctioned hedging strategies tied to assets and/or liabilities as well as derivative life-cycle events such as option exercises, unwinds, hedge effectiveness testing, and hedge relationship management

• Other duties, as assigned.

Qualifications

Knowledge/Skills

• Knowledge of fixed income instruments and interest rate derivatives

• Strong analytical skills; attention to detail; proactive nature

• Proficiency in data analysis and automation tools, with familiarity in VBA, Power Query, Power BI, and Python a plus. Knowledge or experience with AI-powered data analytics is a plus.

• Ability to communicate clearly with parties internal and external to the Bank a must

• Must interact well with others and work well on team-based projects as well as be able to work independently Knowledge of trading systems a plus

• Proficiency in Microsoft Office (especially MS Excel and MS PowerPoint) required.

Education

• Degree in finance or economics preferred or relevant work experience (including internships)

• Advanced degree or work towards an advanced degree a plus

• CFA or work towards CFA a plus

Experience

• 1-4 years of relevant, professional work experience is the expectation. Banking or corporate treasury experience would be a plus.

• Demonstrated experience in a customer service role and comfort using various modes of communication to effectively communicate and complete assigned work is expected.

The Federal Home Loan Bank of Boston is committed to building and sustaining a workforce that reflects the communities that we serve. As an Equal Opportunity Employer, we strongly encourage applicants from every ethnicity, color, religion, gender, age, national origin, disability, veteran or parental status and sexual orientation.

Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time

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