Investment Officer

Value Proposition:

Our values define us and our culture inspires us to change lives for the better. Our employees are the heart and soul of our company, and every success we experience begins with them. Together we are committed to making a positive impact in our  local communities. We champion a culture of continuous learning, work-life integration, and inclusion. We promote a digitally enabled work environment to continuously enhance the experience of our employees and customers.

Overview:

This is a full-time career opportunity that can be remote.

 

The Investment Officer is directly responsible for managing, monitoring and executing transactions for the $5+ billion-dollar investment securities portfolio for the Bank and its affiliates. The incumbent in this role holds delegated authority to purchase and sell investments as permitted by senior leadership and the Asset Liability Committee (ALCO). The incumbent is responsible for identifying and capitalizing on relative value and opportunistic strategies benefiting the Bank. The Investment Officer will be responsible for managing the bank's balance sheet derivative hedging program.

Responsibilities:

• Responsible for all facets of the multi-billion dollar fixed income investment portfolio, which includes acquiring, selling, and monitoring all fixed income and credit sensitive investments.
• Monitor broader economic themes and markets the Bank invests, including but not limited to residential and commercial mortgage-backed securities (RMBS, CMBS), corporate bonds, municipal bonds, trust preferreds, student loan and small business administration asset-backed securities (ABS).
• Responsible for evaluating and executing interest rate options and derivatives transaction to mitigate interest rate risk present on the balance sheet.
• Coordinate and communicate investment strategies and activities with various internal business partners. Collaborate with other Treasury managers to develop capital and balance sheet strategies.
• Manage all investment and administrative aspects of the Bank Owned Life Insurance (BOLI) investment portfolio.
• Monitor financial markets and advise leadership of positive and adverse market trends. Prepare analysis under various economic scenarios to support plausible actions taken to improve outcomes for the investment portfolios.
• Serve as primary contact to approved investment brokers, perform annual counterparty reviews, screen prospective vendors and their products to assure consistency with policies and procedures, legal and ethical requirements and regulations, audit requirements, and established risk management guidelines.

Additional Responsibilities

• Lends technical skill sets and modeling capabilities to other areas of the Bank.
• Develop and present detailed investment and hedge reporting to executive leadership.

 

Qualifications:

Education

Bachelor's Degree or the equivalent experience. Specialty: Finance, Accounting, Economics, Mathematics or other applicable. (Required)

Master's Degree or the equivalent experience. Specialty: Finance, Accounting, Economics, Mathematics or other applicable. (Preferred)

Experience

10 or more years bank or money manager fixed income portfolio management. (Preferred)

6 or more years experience with RMBS, CMBS, corporate debt, and ABS. (Required)

5 or more years interest rate swaps & options derivative trading. (Preferred)

3 or more years balance sheet strategy. (Preferred)

 

Licenses and Certifications

Charted Financial Analyst (CFA) or Certified Public Accountant (CPA)  (Preferred)

Knowledge, Skills, and Abilities

• Demonstrated ability using the Bloomberg Terminal to access, analyze, and interpret financial markets data. (Required)
• Knowledge of Asset Liability Management (ALM) systems (Bancware, QRM, etc.). (Preferred)
• Expertise with multiple fixed income asset classes, with the ability to identify and capitalize on relative value and opportunistic investment strategies. (Required)
• Ability to utilize analytical techniques to evaluate data trends, identify insights, and support business or financial analysis. (Required)
• Knowledge of derivative instruments and hedging strategies including interest rate swaps, swaptions, futures, and other hedging tools used in ALM. (Preferred)
• Ability to develop and execute portfolio strategies that optimize yield, risk, and liquidity constraints that are aligned with balance sheet goals and the bank’s risk appetite. (Required)
• Knowledge of specialized investment program management (i.e. BOLI, etc.). (Preferred)

 

 Other Duties as Assigned by Manager:

This role may perform other job duties as assigned by the manager. Each employee of the Organization, regardless of position, is accountable for reading, understanding and acting on the contents of all Company-assigned and/or job related Compliance Programs, regulations and policies and procedures, as well as ensure that all Compliance Training assignments are completed by established due dates.  This includes but is not limited to, understanding and identifying compliance risks impacting their department(s), ensuring compliance with applicable laws or regulations, and escalating compliance risks to the appropriate level of management.

Pay Transparency:

To provide greater transparency to candidates, we share base salary ranges on all job postings regardless of state. We set standard salary ranges for our roles based on the position, function, and responsibilities, as benchmarked against similarly sized companies in our industry. Specific compensation offered will be determined based on a combination of factors including the candidate’s knowledge, skills, depth of work experience, and relevant licenses/credentials. The salary range may vary based on geographic location.

 

The salary range for this position is $139,300.00 - $232,200.00 annually.

Additional Compensation Components

 

This job is eligible to receive equity in the form of restricted stock units. This job is eligible to participate in a short-term incentive compensation plan subject to individual and company performance.

Benefits:

Additionally, as part of our Total Rewards program, Fulton Bank offers a comprehensive benefits package to those who qualify. This includes medical plans with prescription drug coverage; flexible spending account or health savings account depending on the medical plan chosen; dental and vision insurance; life insurance; 401(k) program with employer match and Employee Stock Purchase Plan; paid time off programs including holiday pay and paid volunteer time; disability insurance coverage and maternity and parental leave; adoption assistance; educational assistance and a robust wellness program with financial incentives. To learn more about your potential eligibility for these programs, please visit Benefits & Wellness | Fulton Bank.

EEO Statement: Fulton Bank (“Fulton”) is an equal opportunity employer and is committed to providing equal employment opportunity for all qualified persons. Fulton will recruit, hire, train and promote persons in all job titles, and ensure that all other personnel actions are administered, without regard to race, color, religion, creed, sexual orientation, national origin, citizenship, gender, gender identity, age, genetic information, marital status, disability, covered veteran status, or any other legally protected status. Sponsorship Statement:

As a condition of employment, individuals must be authorized to work in the United States without sponsorship for a work visa by Fulton Bank currently or in the future.