Hermitage, PA30+ days ago
Responsible for tasks related to the corporation's derivatives program (customer loan level hedging, balance sheet hedging) including calculating swap quotes/breakage fees for internal parties, maintenance of swap documentation, facilitating distribution of rate reset notices to customers, assisting in the execution of a swap transaction and assisting with monitoring of counterparty risk. Facilitates and participates in the execution process of hedges with dealers to offset commercial loan hedges with clients in an auction style process with multiple dealers including creation of bid packages, confirmation of terms with individual dealer banks and execution of trades.