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Jr Financial Analyst/Structured Products

Company: Valley Bank
Location: Wayne
Posted on: November 25, 2022

Job Description:

The Jr. Financial Analyst/Structured Products will provide comprehensive business analysis, report development and data management for the Corporate Treasury department. Manage VNB's derivative products by performing daily, monthly, quarterly valuation and control checks on VNB's derivative portfolio. Prepare derivative reports and ad-hoc reports as needed. Responsibilities include, but are not limited to:

  • Provide timely reports summarizing results and analyze data to evaluate the impact and benefit of bank initiatives and strategies.
  • Compile, evaluate and analyze historical data necessary to determine trends. Present information to customers and lenders.
  • Creates and maintains models utilizing quantitative analysis software for forecasts and strategic business decisions.
  • Create/prepare and present PowerPoint presentation for assigned initiatives such as training and instruction to Credit Underwriters on SWAP.
  • Compile and analyze information regarding profit, loss and income/expenses to budget.
  • Provides internal managerial reports to Senior Executives to track opportunities and key program statistics and metrics. Validates data to ensure accurate for ALCO meetings.
  • Maintain and post entries to general ledger.
  • Assists in trade deals in live market for competitive auctions as necessary. Requires timely responses to multiple Wall Street banks to maintain
    equity in transactions.
  • Responsible for auditing executed deals in the trade capture system including input checks, verifies accuracy of deal using recordings, term sheets, email correspondence, and system information. Handles discrepancies critical to trades in timely manner.
  • Locks down deal from further modification when complete and sets up for daily valuations.
  • Transaction Management: responsible for cleared trade affirmation process, reporting borrower trade to swap data repository, reporting borrower end user exception to central clearing to DTCC, etc.
  • Responsible for maintaining swap documentation. Prepare for quarterly OCC audit, detailed preparation and compare structure.
  • Reviews risk participation agreements, credit support documents and forward starting swaps.
  • Reviews borrower Eligible Contract Participant (ECP) situations.
  • Back-office / swap operations: administers borrower valuation reports, borrower contact management.

Keywords: Valley Bank, Wayne , Jr Financial Analyst/Structured Products, Accounting, Auditing , Wayne, New Jersey

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