Interest Rate Hedging Analyst at Western… · Phoenix

Interest Rate Hedging Analyst Location: Denver, CO Job Title: Interest Rate Hedging Analyst Location: Denver, CO What you'll do: In this role, you'll help launch the Global Markets middle office function. You'll be a system administrator of the Foreign Exchange (FX) system, working independently and and with clients or external bank teams for general assistance and to stage, set-up, or amend bulk files/requests of FX trades and/or settlement instructions. Additionally, you'll oversee currency and currency pairs, client spreads/pricing/margins as well as their administration/setup in the FX application. You'll also evaluate Correspondent bank data, including netting. Reporting maintenance of monthly/regular statistics and revenue for FX (Back office and Front office), Interest Rate Derivative (IRD) and Trade Finance (L/Cs).  KRI (Key Risk Indicators) affirmations and simple Risk Reporting.  QFC (Qualified Financial Contract) reporting and reconciliation.  Complete and “independently audit” files and folders for new IRD transactions.  External Audit confirmations from clients and counterparty FIs/Banks. Provide back-up of FX Back Office members when needed.  Assist the GMG’s Senior Business Risk Manager and Director of Platforms and Strategy when required to gather information or liaise with external teams for new/modified or general risk and control initiatives.  Assist with testing of all application upgrades and hotfixes. Working with the Treasury’s Funding Desk and IRD team, assist with settlements of: Cap premium payments to dealer/from client to ensure everything lands in the right spot, Termination settlements (similar to cap premium payments), Manual (dealer) wires for interest settlements if needed, ACH payment research and resolution. What you'll need: 2+ years of related experience in Treasury or Middle Office or similar field. Bachelor's degree in related field required. Entry level to intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services. Entry level to intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices. Entry level to intermediate experience in a Foreign Exchange (FX), Trade Finance (L/Cs) or Interest Rate Derivative (IRD) environment as a Trader or a Back Office Specialist.  Other general banking experience would prove beneficial. Intermediate speaking and writing communication skills. Compensation: Salary range for new hires is generally $85,000.00 - $105,489.00 for Denver, CO. Salary amount is determined by specific job location. In addition, the role may be eligible for annual bonus/incentives earned and restricted stock. Benefits you’ll love: We offer all the important things you'd want — like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you’ll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career! About the company: Western Alliance Bank, Member FDIC, is a wholly owned subsidiary of Western Alliance Bancorporation. Serving clients nationwide, Western Alliance Bank includes six legacy bank brands — Alliance Association Bank, Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank — that remain part of the company’s heritage, as well as AmeriHome Mortgage, a Western Alliance Bank Company. Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488.  When contacting us, please provide your contact information and state the nature of your accessibility issue.  We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process. © Western Alliance Bancorporation Additional Locations: Phoenix, AZ