Investment Portfolio and Hedging Manager

The Portfolio Manager is responsible for assisting in the management of Comerica's investment securities portfolio and in the execution of Comerica's derivatives hedging strategy. The position works closely with Comerica's Asset/Liability management team and ALCO to design and execute the optimal derivatives strategy in support of Comerica's interest rate risk targets. In addition, the Portfolio Manager analyzes market opportunities, recommends investment products, and market exposures, and negotiates transaction terms with market participants when needed. This position, by extension of its investment knowledge, will also assist in managing Comerica pension assets, including investment policy, strategy, and execution.

Comerica's Corporate Treasury Department is growing! As a result of our growth, we are seeking top talent to join our team. Be a part of an innovative and collaborative team. Apply today.

Position Responsibilities:

• Evaluate, recommend, and execute purchases and sales of securities such as Treasuries, agency MBS and CMBS, ABS, etc. to meet investment portfolio targets and risk objectives. Deep expertise in structures investment securities is a must.
• Know how to interpret fixed income market information, negotiate competitive transaction terms and structures with market participants, assess trade-offs between securities structure and pricing, select appropriate counterparties, and have a comfort level around execution of large financial transactions.
• Good communication skills including ability to articulate complex financial concepts to risk committees and upper management and participate in open ended strategy discussions.
• Assist in formulating and executing Comerica's securities collateral and custody strategy to maximize the liquidity value of Comerica's securities and ensure flexibility to meet various investment objectives.
• Analyze different types of interest rate derivatives instruments and their role in an overall successful hedging strategy alongside the investment securities portfolio.
• Manage all the proper operations around securities and derivatives portfolio management related to: portfolio valuation and risk analysis for ALCO and various other risk committees, financial reporting, planning and forecasting, Investor Relations, regulators, and internal audit, compliance with established portfolio strategies and limits as set by ALCO and transparent reporting and communication of portfolio positions and risk exposures.
• Demonstrate good understanding of bank liquidity and capital regulations and accounting rules impacting investment portfolio management and interest rate derivatives is required.
• Act as a fixed-income market advisor for Comerica; This includes providing investment and market expertise to support the work of the Investment Subcommittee and its responsibilities to oversee benefit plan assets and investment management.

Position Qualifications:

• Bachelor's degree in Finance, Business, Economics or related field from an accredited University
• 7 years of experience within a financial company's treasury or investment management concentration
• 7 years of experience managing, or assisting in the management of investment securities portfolio
• 7 years of experience with structured fixed income products
• 5 years of experience with a bank's balance sheet management