DescriptionWho we are:
Farm Credit Bank of Texas is a $38.9 billion wholesale bank that has been financing agriculture and rural America for over 100 years. Headquartered in Austin, Texas, we provide funding and services to rural lending associations in five states, and we are active in the nation’s capital markets.
While you may not be familiar with our name, Farm Credit Bank of Texas plays a critical role in supporting the businesses that make it possible for America to maintain access to an affordable and safe food supply, an industry which is one of the most innovative and evolving of our time. And while you help us deliver on our mission, we deliver on our commitment to you as a valued employee by providing competitive compensation, generous health and wellness benefits packages and an attractive hybrid workplace located along the bluffs of the Colorado River just minutes west of downtown Austin.
We seek out top talent in their fields, whether it be technology, finance, accounting, credit, human resources, or other administrative functions, and welcome you to join us in our mission to feed the world.
Position Description:
Assists the Interest Rate Risk Manager in responsibilities for measuring and reporting on the interest rate risk position for a $39+ billion balance sheet, including pre-payable loans, investment securities, derivatives, and callable debt. This position will be responsible for the monthly and quarterly interest rate risk reporting which includes producing the monthly interest rate risk profile utilized by bank senior management. Willing to learn new software, skills, and tools (QRM, SQL, Data Visualization). This position will take active participation in implementing new modeling methodologies in QRM and upgrading the interest rate risk software on a scheduled basis. Strong organizational skills and ability to focus on intricate details of the bank’s balance sheet that present interest rate risk. Candidates must have Interest Rate Risk Management (IRRM) experience to be qualified for this position.
Day-to Day-Duties and Responsibilities:
- Preform all functions related to measuring and monitoring the interest rate risk profile of the bank and of the district using QRM
- Gather data from the bank’s various subsystems
- Operate QRM’s Analytical Framework for analysis and reporting
- Prepare various Interest Rate Risk Management (IRRM) compliance reports
- Maintain and update procedures
- Provide support to other teams within the treasury when needed
- Produce queries using SQL or the like for analysis of balance sheet data
- Update and maintain IRRM ALCO reports
- Able to work in a team and collaborate with various members within the treasury finance department to provide support and gather information
- Provide ad hoc analytical support for other internal and external departmental projects
- Perform special project work as directed
What You Bring to the Team:
We are open to remote work for this position with some travel required.
It’s an important role that covers many skills. This position requires:
Bachelor's degree with a major in finance, mathematics, or economics. Two (2) to Five (5) years of experience in banking or financial services industry. Interest Rate Risk Management (IRRM). Experience in interest rate risk modeling, or other Treasury functions preferable. Experience in using Asset Liability Management software like (QRM, Banc ware, Empyrean) is a plus. Working toward CFA or FRM encouraged. Master’s degree preferred.
Skill Requirements:
Possesses a comprehensive knowledge of balance sheets and various balance sheet instruments; basic knowledge of Asset Liability Management (ALM) and interest rate risk concepts and metrics; support competing priorities while still meeting deadlines; comfortability work with large amounts of data; investigate complex issues and offer solutions to management; communicate effectively with all levels of management as well as with outside vendors; exercise sound judgment, use discretion, and maintain confidentiality; work with minimal supervision; exercise creativity and critical thinking; strong oral and written communication; advanced skill level in Microsoft’s suite of applications; team player attitude.
Why Farm Credit Bank of Texas:
In addition to a competitive salary, we offer comprehensive, affordable, and competitive benefit options that are focused on health and wellness, financial security, and achieving a work-life balance:
- Flexible health-and-wellness benefits, including medical insurance, prescription drug coverage, dental insurance, vision care, flexible spending accounts, and more.
- 401(k) plan that includes an employer match and additional employer contribution
- Long-term disability and life insurance
- Vacation leave, sick leave, and paid holidays
- Option to use sick leave to take your pet to the vet for emergency services
- Up to five days per year to volunteer in local community organizations, services, or events
- Ongoing professional-development opportunities
- Generous tuition-reimbursement program
- Physical fitness incentive plan
- Employer matching gifts program
Important note: We care about your hiring process and take it seriously. A real person will review your applications, meaning response timelines may vary. The interviewing process at Farm Credit Bank of Texas may include phone calls and emails, on-site interviews, and requests for portfolios or demonstrations of work. We can’t personally follow-up with each applicant, and we will do our best to create a professional, respectful, and thorough process for candidates with whom we identify as a potential fit.
A/EOE/M/F/D/V
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