RPMGlobal
Position Summary
The Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England serving more than 420 financial institutions across the region. The Federal Home Loan Bank of Boston is committed to making New England a better place to live and do business, and our employees are integral to our success. As a cooperative, we are owned by more than 420 banks, credit unions, insurance companies, and community development financial institutions that access tens of billions of dollars of our reliable, wholesale funding each year. Our funds are a vital resource that helps our members succeed, provide families with safe, decent affordable housing, and generate economic development that creates jobs in communities throughout our region.
Work hours/Schedule During training, which may take a few months, the daily work schedule will be 7:45 am to 5:15 pm, Monday through Friday. Once fully trained and notified by management, the schedule will shift to 7:45 am – 4:45 pm or 8:15 am – 5:15 pm depending on coverage and responsibilities for a specific day.
Office Attendance To set a new colleague up for success, our expectation is that 3 or 4 days a week will be office‑based work. Once fully onboarded, this role will have a hybrid work schedule in our Boston office in accordance with the Bank’s Hybrid Work Program.
Credit Check This role will require a credit check as part of the background check.
Work Authorization The Bank does not sponsor work authorization for entry‑ or junior‑level positions.
Anticipated Pay Range The anticipated annual base pay range for this role is $51k – $83K. This role is classified as non‑exempt. All Bank full‑time positions are eligible to participate in our annual incentive program and our robust total rewards offerings, in addition to the base pay. The actual base salary offer will depend on a variety of factors, including relevant experience, required skills and other relevant factors. The range noted here is not indicative of all positions in the job grade within which this position falls.
Specific Responsibilities Core Responsibilities 30% – 50% of the time
Report generation
Trade entry/editing
First‑line error resolution/troubleshooting with internal and external parties
Assist with providing member support via phone and Instant Bloomberg (IB) chats with counterparties
Pricing support
Ad‑hoc analysis and reporting
Documentation support
System/application testing
Liquidity and leverage management 10% – 15% of the time
At the direction of the LM, trade money market instruments such as fed funds, repo, IBDDA’s, etc. and report on such activity
Assist with monitoring counterparty exposure involving reporting, analysis and reading market signals
Funding 10% – 15% of the time
At the direction of the CMM, LM and/or FM, issue debt through capital markets to fund balance sheet
Assist with monitoring and projecting funding needs
Pricing 10% – 15% of the time
Price standard advances in context of competitive landscape (wholesale funding market) as well as Bank’s funding environment
At the direction of the CMM, assist with the complex advance pricing process
Hedging 10% – 15% of the time
Assist the CMM in pre‑execution margin optimization for all cleared derivative transactions
Assist the CMM with the execution of Bank‑sanctioned hedging strategies tied to assets and/or liabilities as well as derivative life‑cycle events such as option exercises, unwinds, hedge effectiveness testing, and hedge relationship management
Other duties, as assigned.
Qualifications Knowledge / Skills
Knowledge of fixed income instruments and interest rate derivatives
Strong analytical skills; attention to detail; proactive nature
Proficiency in data analysis and automation tools, with familiarity in VBA, Power Query, Power BI, and Python a plus. Knowledge or experience with AI‑powered data analytics is a plus.
Ability to communicate clearly with parties internal and external to the Bank a must
Must interact well with others and work well on team‑based projects as well as be able to work independently; knowledge of trading systems a plus
Proficiency in Microsoft Office (especially MS Excel and MS PowerPoint) required.
Education
Degree in finance or economics preferred or relevant work experience (including internships)
Advanced degree or work towards an advanced degree a plus
CFA or work towards CFA a plus
Experience
1‑4 years of relevant, professional work experience is the expectation. Banking or corporate treasury experience would be a plus.
Demonstrated experience in a customer service role and comfort using various modes of communication to effectively communicate and complete assigned work is expected.
Equal Opportunity Statement The Federal Home Loan Bank of Boston is committed to building and sustaining a workforce that reflects the communities that we serve. As an Equal Opportunity Employer, we strongly encourage applicants from every ethnicity, color, religion, gender, age, national origin, disability, veteran or parental status and sexual orientation.
Assignment Note Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.
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Work hours/Schedule During training, which may take a few months, the daily work schedule will be 7:45 am to 5:15 pm, Monday through Friday. Once fully trained and notified by management, the schedule will shift to 7:45 am – 4:45 pm or 8:15 am – 5:15 pm depending on coverage and responsibilities for a specific day.
Office Attendance To set a new colleague up for success, our expectation is that 3 or 4 days a week will be office‑based work. Once fully onboarded, this role will have a hybrid work schedule in our Boston office in accordance with the Bank’s Hybrid Work Program.
Credit Check This role will require a credit check as part of the background check.
Work Authorization The Bank does not sponsor work authorization for entry‑ or junior‑level positions.
Anticipated Pay Range The anticipated annual base pay range for this role is $51k – $83K. This role is classified as non‑exempt. All Bank full‑time positions are eligible to participate in our annual incentive program and our robust total rewards offerings, in addition to the base pay. The actual base salary offer will depend on a variety of factors, including relevant experience, required skills and other relevant factors. The range noted here is not indicative of all positions in the job grade within which this position falls.
Specific Responsibilities Core Responsibilities 30% – 50% of the time
Report generation
Trade entry/editing
First‑line error resolution/troubleshooting with internal and external parties
Assist with providing member support via phone and Instant Bloomberg (IB) chats with counterparties
Pricing support
Ad‑hoc analysis and reporting
Documentation support
System/application testing
Liquidity and leverage management 10% – 15% of the time
At the direction of the LM, trade money market instruments such as fed funds, repo, IBDDA’s, etc. and report on such activity
Assist with monitoring counterparty exposure involving reporting, analysis and reading market signals
Funding 10% – 15% of the time
At the direction of the CMM, LM and/or FM, issue debt through capital markets to fund balance sheet
Assist with monitoring and projecting funding needs
Pricing 10% – 15% of the time
Price standard advances in context of competitive landscape (wholesale funding market) as well as Bank’s funding environment
At the direction of the CMM, assist with the complex advance pricing process
Hedging 10% – 15% of the time
Assist the CMM in pre‑execution margin optimization for all cleared derivative transactions
Assist the CMM with the execution of Bank‑sanctioned hedging strategies tied to assets and/or liabilities as well as derivative life‑cycle events such as option exercises, unwinds, hedge effectiveness testing, and hedge relationship management
Other duties, as assigned.
Qualifications Knowledge / Skills
Knowledge of fixed income instruments and interest rate derivatives
Strong analytical skills; attention to detail; proactive nature
Proficiency in data analysis and automation tools, with familiarity in VBA, Power Query, Power BI, and Python a plus. Knowledge or experience with AI‑powered data analytics is a plus.
Ability to communicate clearly with parties internal and external to the Bank a must
Must interact well with others and work well on team‑based projects as well as be able to work independently; knowledge of trading systems a plus
Proficiency in Microsoft Office (especially MS Excel and MS PowerPoint) required.
Education
Degree in finance or economics preferred or relevant work experience (including internships)
Advanced degree or work towards an advanced degree a plus
CFA or work towards CFA a plus
Experience
1‑4 years of relevant, professional work experience is the expectation. Banking or corporate treasury experience would be a plus.
Demonstrated experience in a customer service role and comfort using various modes of communication to effectively communicate and complete assigned work is expected.
Equal Opportunity Statement The Federal Home Loan Bank of Boston is committed to building and sustaining a workforce that reflects the communities that we serve. As an Equal Opportunity Employer, we strongly encourage applicants from every ethnicity, color, religion, gender, age, national origin, disability, veteran or parental status and sexual orientation.
Assignment Note Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.
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