Rates & Securitized Products Director

At EMC, we’re all about working together to make an impact. As part of our team, you’ll have the opportunity to grow, contribute, and gain experience that matters. We strive to be caring leaders, close partners, and responsive experts—always supporting each other to do our best work. Join us, and let’s improve lives together.

**This position is eligible to work from home anywhere in the United States**

In collaboration with CIO and Portfolio Manager(s), establishes, implements and maintains the investment process for mortgage-backed securities, commercial mortgage-backed securities, commercial mortgage loans, asset-backed securities, treasury and agency debt securities.  Performs analysis of financial, consumer and property market fundamentals, security level cash flows and makes strategic recommendations regarding investment opportunities within coverage universe.  Provides analytical support to the portfolio management process and the formulation of investment strategies.  Prepares and evaluates investment reports for various uses, internal and external.  Assists with investment oversight of externally managed portfolios.

Essential Functions:

• Develops and executes the Company’s strategy for securitized products and interest rate sensitive investments based on the overall strategic direction for the investment function. 

• Conducts thorough sector and issuer due diligence, tracking trends, performance, and macroeconomic drivers to formulate investment recommendations for sectors and individual securities within the securitized products and interest rate sensitive sectors best suited for each company's portfolio needs. 

• Actively monitors market themes and sector trends to identify investment opportunities. 

• Develops models to enhance investment analysis and forecast performance for securitized products and interest rate sensitive sectors. 

• Analyzes and determines strategy for short-term investments, including development and implementation of operational procedures for management of short-term assets.

• Establishes, implements and maintains uniform underwriting and analysis processes for securities included in mortgage-backed securities, commercial mortgage-backed securities, commercial mortgage loans, asset-backed securities, treasury and agency debt securities sectors.

• Oversees the analysis of owned securities and evaluation of new opportunities within these sectors including buy and/or sell recommendations and effectively communicate them to the investment team, including through written credit opinions. 

• Conducts surveillance and monitoring to identify risks to holdings while also enhancing surveillance tools and processes. 

• Builds and maintains relationships with both internal and external participants, including portfolio managers, company management, issuers, and broker-dealers.

• Trains and mentors analysts in security analysis and portfolio support, which includes daily investment duties, back office operations, compliance monitoring and statutory deposit maintenance

• Leads the investment oversight of externally managed assets, including evaluating new and monitoring existing investments, in real estate, commercial mortgages, and other investments.

• Provides analytical support for portfolio management and input into the development of investment strategies, including decisions on asset allocation, performance measurement, policy compliance, tax policy, credit quality and risk tolerance

• Provides oversight of EMC’s investment compliance function to ensure financial stability of the enterprise

• Prepares and communicates investment related information including reports utilized in daily portfolio management and risk control for various stakeholders, including senior management, Board of Directors, regulators and auditors

Education & Experience:

• Bachelor’s degree in finance or related field

• Advanced degree in a related field preferred

• Ten years of experience in investment analysis and/or portfolio management, primarily in the insurance industry related to the rates sectors of fixed income or related experience

• Chartered Financial Analyst (CFA) designation preferred

Knowledge, Skills, & Abilities:

• Advanced understanding of investment analysis, insurance investment issues, asset allocation, performance measurement, cash management, corporate finance and portfolio and financial theory

• Basic understanding of financial accounting, derivatives markets and computer skills

• Experience using Bloomberg and spreadsheet applications including Excel

• Excellent knowledge of investment operations, trade settlement, insurance products, cash flow testing and asset/liability matching

• Ability to explore new and different processes, services, technologies, and partnerships to enhance EMC’s business

• Strong communication, problem-solving and analytical skills

• Sound business judgment and strong leadership skills

• Exceptional knowledge of strategic planning and company products and services

• Excellent ability to advise, partner, influence and effectively consult with diverse internal and external stakeholders, including senior leaders, executives, and project owners

The hiring salary range for this position will vary based on geographic location, falling within either the $109,818.00 - $157,391.00 range or the $121,061.00 - $173,534.00 range. A hiring range represents a subset of the full salary range.  The actual salary will depend on several factors, including relevant education, skills, and experience of an applicant, geographic location, and business needs.

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