Fixed Income Portfolio Analyst (Securitized) Ranger

Fixed Income Portfolio Analyst (Securitized) Ranger

The Portfolio Analyst supports the Fixed Income Portfolio Manager in the day-to-day management, execution, and risk oversight of fixed income portfolios, with a core focus on securitized products and portfolio risk discipline. The role also supports the Bank's investment portfolio under the Treasurer through securitized surveillance, risk analytics, and interest-rate risk inputs. This is not a primary underwriting role. Success is defined by strong execution discipline, high-quality monitoring and analysis, and clear, decision-ready communication that supports both portfolio management and Treasurer-level discussions.

Trade Maintenance & Execution (Primary Day-to-Day Focus)

• Support execution workflows for corporate bonds, money market instruments, and securitized products, including price discovery, dealer runs, comparable analysis, and best-execution documentation.
• Own trade maintenance end-to-end: blotter accuracy, allocations, confirmations, settlement follow-through, exception management, and coordination with operations, custody, and accounting.
• Execute routine portfolio maintenance activity (rolls, rebalances, reinvestments) with strong process discipline, documentation, and audit readiness.
• Ensure execution and post-trade processes align with internal policies, best-execution standards, and portfolio guidelines.

Securitized Due Diligence & Surveillance (Core Emphasis PM + Treasurer Support)

• Analyze securitized investments (Agency MBS, ABS, CMBS) for portfolio fit, including structure, key risks, liquidity, and expected performance across rate and spread scenarios.
• Produce concise purchase / hold / sell recommendations, clearly articulating: Relative value context Key risk drivers and sensitivities Explicit "what would change the view" triggers
• Support price discovery and execution for securitized trades, including dealer runs, comparable levels, and documented execution rationale.
• Monitor the securitized sleeve at the portfolio level, including: Duration, yield, carry/roll dynamics DV01 and interest-rate sensitivity Concentration limits and guideline adherence Drift versus portfolio and Treasury targets
• Support Treasury risk processes by maintaining and validating securitized cash flows and assumptions, and by assisting with interest-rate risk modeling, reporting inputs, and reconciliations.

Rates, Duration Discipline & Portfolio Risk Monitoring

• Maintain a repeatable cadence of portfolio analytics and reporting, including duration, DV01 (and key-rate duration where applicable), convexity, yield, carry/roll, spread duration, liquidity profile, concentration exposure, and guideline compliance.
• Identify and flag exposure drift; propose actionable adjustments and clearly communicate trade-offs (carry vs liquidity vs DV01).
• Support scenario analysis (rate shocks, curve shifts, spread widening) and translate quantitative outputs into clear, plain-English implications for portfolio positioning.

Qualifications

• 36 years of relevant fixed income experience (portfolio analytics, trading support, risk, bank treasury, asset management, or sell-side), with meaningful exposure to securitized products.
• Demonstrated experience in securitized due diligence and surveillance across Agency MBS, ABS, and CMBS, including: Structural familiarity Ongoing monitoring cadence Liquidity awareness Clear escalation discipline Strong understanding of securitized risk drivers, including OAS/spreads, WAL/WAM, prepayment and extension behavior, tranche features, collateral fundamentals, and market technicals.
• Solid bond math foundation: yield and spread analysis, duration and DV01, convexity, carry/roll, and total return drivers.
• Tools: Bloomberg strongly preferred; Intex, Yield Book, or Trepp experience a plus. Advanced Excel skills required; Python, SQL, or VBA experience a plus.
• Self-Starter & Continuous Improvement Mindset Proactively improves monitoring, reporting, and execution workflows through better templates, controls, automation, and documentation. Demonstrates strong ownership: follows issues through to resolution, escalates appropriately, and keeps stakeholders informed. Builds repeatable, scalable processes (e.g., watchlists, weekly risk packs, trade checklists) that reduce operational risk and improve consistency.