Investments & Derivatives Analyst I

FHLB Dallas Financial Instrument Accountant

Responsible for the accounting, entry, settlement, and maintenance of the Bank's financial instruments. Will ensure the financial instruments are accounted for in a manner consistent with generally accepted accounting principles (GAAP), rules and regulations of the Securities and Exchange Commission (SEC), and directives from the Federal Housing Finance Agency (FHFA) and Commodity Futures Trading Commission (CFTC). Will interact with the Bank's traders, counterparties, and custodians to resolve document discrepancies, cash settlement issues, and interest accrual differences. Performs accounting research related to financial instruments.

Primary Responsibilities :

• Updates and maintains the investment accounting system for all transactions related to investments, debt instruments, interest rate derivatives, other financial instruments, and any associated hedging relationships.
• Performs a detailed review of all information on each trade ticket, broker confirmation, and other pertinent trade documentation to ensure accuracy. Monitors trades for compliance with the Bank's investments, debt issuances, derivatives, and hedge accounting policies.
• Performs daily cash settlement for investments, debt issuances, and derivative instruments including cash collateral.
• Ensures the accounting and cash movements throughout the life of the trades are timely and accurate.
• Assures compliance with ASC 320 & ASC 815 on all new and existing transactions initiated. Prepares ASC 815 documentation for each transaction and enters hedging information into hedge accounting system.
• Evaluates balance sheet account reconciliations for financial instruments, including cash, investments, debt, and derivatives to ensure proper accounting and timely resolution of reconciling items.
• Prepares accounting calculations, analyses and journal entries for prepaid advance modification analyses, financing elements, OTTI securities, ASC 815-45 (FIN 39), and mandatorily redeemable capital stock.
• Responds to counterparty requests, including review of trade confirmations, for research and analysis in a timely manner.

Job Requirements :

Equal Opportunity Employer M / F / D / V

FHLB Dallas Offers a Professional, Inclusive Culture

FHLB Dallas provides equal employment opportunity to all individuals without regard to race, religion, color, sex, age, marital status, ancestry, veteran status, disability, or national origin. FHLB Dallas will consider for employment all persons on an individual basis consistent with job-related criteria without regard to visible and non-visible disabilities. Equal opportunity applies to all employment practices, including recruitment, screening, hiring, compensation and training, as well as other conditions and privileges of employment.