Senior Operations Analyst, Senior Assoc.

$105,000 - $115,000/Yr

Unclassified - San Francisco, CA

Full-time - Mid Level

Remote - San Francisco, CA

About the position

The Senior Operations Analyst at FHLBank San Francisco plays a crucial role in the analysis and management of the Bank's Asset/Liability Portfolios. This position is responsible for ensuring accurate and timely transaction processing, control, documentation, accounting, and reporting for a variety of financial transactions, including Mortgage-Backed Securities (MBS), Letters of Credit, Advances, Investments, Deposits, Derivatives, and Consolidated Obligations. The analyst will also provide support for the Member Settlement Transaction Accounts, ensuring that all financial assets and liabilities are managed in accordance with bank policies and procedures. In this role, the analyst will be tasked with the daily performance of the Bank's financial instruments servicing functions. This includes proactively challenging the status quo, identifying process inefficiencies, and recommending or developing continuous process improvement solutions through automation or business process changes. The analyst will perform daily and monthly updates and analytical reviews to ensure accurate reporting and maintenance of the Bank's general ledger and databases, reflecting the Bank's financial assets and liabilities accurately. The position requires leading the review of daily reconciliation and control reports, investigating and resolving complex exception items, and cross-training less experienced team members. The analyst will utilize their technical expertise to research complex issues and assist management with oversight of respective areas, ensuring that system enhancements meet operational requirements. Additionally, the analyst will verify all settlements for processing, reconcile trade execution and lifecycle payments, and prepare month-end general ledger certifications and quarterly financial/regulatory reports. The role also involves ensuring that written procedures are current and accurately reflect departmental functions, as well as preparing reports for management, auditors, and regulators.

Responsibilities

• Perform analysis related to Asset/Liability Portfolios.
• Ensure accurate and timely transaction processing, control, documentation, accounting, and reporting for financial transactions.
• Pro-actively challenge the status quo and identify process inefficiencies.
• Recommend, develop, and implement continuous process improvement solutions.
• Perform daily and monthly updates and analytical reviews for accurate reporting.
• Lead review of daily reconciliation and control reports.
• Investigate and resolve complex exception items.
• Cross-train and support less experienced team members.
• Research complex issues and develop solutions/remediation plans.
• Collaborate with IT to ensure system enhancements meet operational requirements.
• Verify all settlements for processing with securities services or electronic funds services.
• Reconcile trade execution and lifecycle payments between source systems and counterparties.
• Review and analyze principal losses/interest shortfalls related to non-Agency MBS portfolio.
• Perform rate reset verification and funds transfer activity.
• Prepare month-end general ledger certifications and quarterly financial/regulatory reports.
• Ensure written procedures and standards are current and accurately reflect business functions.
• Prepare and review reports for management, auditors, and regulators.
• Lead complex ad hoc projects as needed.
• Develop and execute opportunities to improve processes, controls, and procedures.

Requirements

• Bachelor's degree in business, Accounting, Finance or related field preferred.
• Minimum of five to seven years' experience in capital markets back-office or middle-office operations.
• Solid understanding of investment, debt, and derivative product lifecycle events and their accounting/reporting impact.
• Strong working knowledge of trade capture subledger systems and general ledger systems, preferably Calypso/Workday.
• Expert level use of Microsoft Office Suites, especially advanced Excel.
• Knowledge of pulling and manipulating large data sets using SQL.
• Working knowledge of automation tools to enhance productivity and reporting.

Nice-to-haves

• Experience with VBA, power query, and power pivot for automation.
• Strong interpersonal and customer service skills.
• Excellent written and verbal communication skills.

Benefits

• Health Insurance
• 401K Plan with company matching
• Work From Home options
• Hybrid work environment flexibility