What are the responsibilities and job description for the Financial Analyst Forward Rate Agreements (FRA) Reporting position at Shimento, Inc.?
Job Title: Financial Analyst Forward Rate Agreements (FRA) Reporting
Location
Stamford / New York / New Jersey
Work Mode: 5 Days Onsite
Position Overview
We are seeking a detail-oriented Financial Analyst with expertise in Forward Rate Agreements (FRA) to support reporting, valuation, and risk management activities. The ideal candidate will have strong knowledge of interest rate products and experience in treasury or market risk functions within the banking domain.
Key Responsibilities
- Manage and analyze FRA contracts, including:
- Notional principal calculations
- Contract (FRA) rate tracking
- Monitoring reference rates such as LIBOR, SOFR, and EURIBOR
- Track settlement and maturity dates for all FRA positions
- Perform Mark-to-Market (MTM) valuation of open contracts
- Calculate and report net settlement amounts (profit/loss)
- Generate FRA reports for internal stakeholders and regulatory submissions
- Support treasury and risk teams in analyzing interest rate exposure
Business Purpose / Why Banks Use FRA Reports
- Interest Rate Risk Management: Hedge exposure to market rate fluctuations
- Regulatory Compliance: Ensure accurate reporting of open derivative positions
- Treasury Management: Optimize funding costs and liquidity planning
- Audit & Control: Enable internal monitoring, controls, and P&L attribution