Senior Debt Services Analyst

POSITION: Senior Debt Services Analyst

DEPARTMENT: Operations

FLSA: Exempt

REPORTS TO: Senior Manager, Operations

LOCATION: Hybrid/Reston

SUMMARY OF POSITION:

The Senior Debt Service Analyst role at the Federal Home Loan Banks Office of Finance (OF) is primarily responsible for the timely and accurate payment and settlement of the Federal Home Loan Banks (FHLBanks) Consolidated Obligations (COs) and the Resolution Funding Corporation (REFCORP) debt. Additionally, this role will support Debt Service management in process automation and business technology modernization initiatives. The Debt Service area performs Issuing and Paying Agent and Calculation Agent services for the 11 FHLBanks, with daily settlement and payment volumes exceeding $20b and must perform these services within strict deadlines dictated by the Federal Reserve Bank. As such, the Debt Service team members, including this role, must be individuals who have strong attention to detail and are highly reliable. On a daily basis, this role will coordinate with other team members to settle COs, calculate and make payments on COs, net settlement with the 11 FHLBanks and other processes to support the FHLBanks debt issuance. We’re proud of the way our teammates have a positive impact on everything we do. Our employees are committed to and exemplify our Core Values:

• Integrity through accountability, consistency, transparency, and trust

• Agility through adaptability, continuous improvement, expertise, and flexibility

• Partnership through collaboration, communication, leadership, and teamwork

• Inclusivity through diversity, relationships, respect, and support

PRINCIPAL RESPONSIBILITIES:

• Process daily Discount Note and Bond (i.e. COs) trade confirmation and settlements;

• Wire transfer funds to pay daily CO principal and interest and net settlements with the FHLBanks;

• Perform other debt servicing activities, including but not limited to, rate resets, bond call notifications, multiple account and transaction reconciliations and debt retirements;

• Respond to FHLBanks, dealer and investor inquiries regarding debt service activities, including but not limited to, detailed payment calculations and pending settlements;

• Monitor daily cash management activity and balances, ensuring the OF does not incur a daylight overdraft;

• Perform and provide analysis of debt service activities, including past activity analysis, trend analysis and other types of business intelligence analysis to support management’s process improvement and risk mitigation decisions;

• Support management in performing Debt Service’s Risk Control Self-Assessment and other assessments of risks and controls;

• Participate in and support Debt Service business initiatives and projects, including but not limited to story development, backlog refinement and testing;

• Assist internal and external auditors and regulatory examiners as required, provide documentation as requested;

• Initiate or approve transactions to support the OF’s accounts payable and payroll;

• Provide back-up support and cross-training to other team members;

• Support the OF’s diversity and inclusion (D&I) strategy by following policies and procedures that ensure opportunities for employees and diverse business partners;

• All other duties as assigned.

PRINCIPAL REQUIREMENTS:

• Bachelor’s degree in finance, accounting or other related business field or related work experience;

• 3-5 years professional and preferably operational experience in capital markets, banking, financial services or other related industry;

• Proficient in Microsoft Office products (e.g. Excel, Word) and business intelligence applications (e.g. PowerBI);

• Effective oral and written communication skills;

• Ability to initiate resolutions to problems and follow-up on discrepancies under strict deadlines;

• Ability to listen and integrate ideas from diverse views, build and maintain respectful relationships, collaborate with others, and resolve conflicts constructively;

• Proof of eligibility to work in the United States.

EQUAL EMPLOYMENT OPPORTUNITY:

The Federal Home Loan Banks Office of Finance is committed to equal employment opportunity without regard to race (including traits historically associated with race, such as hair texture, hair type and protective hairstyles), color, religion, sex, pregnancy (including childbirth, lactation, and related medical conditions), national origin or ancestry, age, physical or mental disability, veteran status, uniformed service member status, military status, sexual orientation, gender identity, status as a parent, marital status, genetic information (including testing and characteristics), citizenship status, or any other characteristic protected by applicable federal, state, or local law.