Treasury Portfolio Manager

• Evaluate, recommend and execute strategies for the effective management of Comerica's investment portfolio.
• Prepare and present diversification and investment strategy presentations to senior management.
• Utilize and maintain a wide variety of financial software systems to build and create investment strategy recommendations.
• Identify new investment options for Comerica that might help better meet balance sheet needs and risk objectives.
• Have working knowledge of investment options such as Treasuries, private label MBS, CMBS, ABS, and ability to articulate the risk/return characteristics of various investments.
• Ability to communicate recommended strategies to provide higher income, stable market value, manage interest rate risk and liquidity risk, comply with various regulations, etc.
• Monitor, communicate and adopt industry best practices, identify relevant portfolio themes in support of earnings announcements and investor interactions.
• Recommend new solutions to enhance analytics, asset quality and compliance.

• Assist in the formulation and execution of Comerica's balance sheet hedging strategy with Asset Liquidity Committee (ALCO).
• Advise on hedging alternatives, structures, pricing, market timing, relative value, peer bank strategies, etc.
• Create interest rate swap structures for balance sheet hedging, debt hedging and to manage derivative hedging strategies for various types of wholesale deposits adherence.
  
  
  
  • Oversee analysts on team in management and monitoring of existing hedge portfolio.
  
  
  
  

• Provide market analysis and portfolio performance reporting on a weekly and monthly basis to senior management.
• Manage and prepare reporting requirements for the Asset Liquidity Committee (ALCO), and financial reporting.
• In support of FP&A and IR, provide forecast for the expected portfolio income, explain impact of various factors such as paydowns, new purchases, amortization expenses, collateral changes, portfolio growth/runoff, etc. to support earnings calls and releases as well as investor conference materials.
• Perform and document Portfolio pricing and prepayment analysis.
• Validate FAS 91 calculations and changes to portfolio book valuation.
• Handle all internal and external audit requests and required documentation.
• Assist in documentation and reporting of liquidity regulatory requirements and ALCO policy requirements.

• Assist with external asset manager oversight of Comerica's approx. $3 billion Pension Plan. This includes management of billing fee accuracy and potential directions for rebalancing.
• Manage Assets of Comerica's $20-30 mm Post Retiree Medical plan. Maintain assets according to regulatory mandates and evolve investment strategy as necessary.
• Collaborate with investment managers.
• Coordinate with HR and the Investment Subcommittee of Comerica regarding the Comerica.

• Work closely with external advisors and actuaries on investment strategies and analysis to ensure the assets in the Plan are managed in accordance with Investment Policy.
• Review and approve analyst-drafted memo providing rationale for annual expected return of pension.

• Negotiate Master Repurchase agreements/contracts with various financial institutions; provide guidance to direct reports on negotiation best practices and collaborate with Legal, operations and external counterparties to execute repo trades providing bank liquidity.
• Provide analysis and funds transfer pricing spread recommendations to FTP committee, advise LOBs on product pricing and structure as it relates to loans that are generally securitized and sold within various securities structures.

• Use experience and knowledge to help develop team members' abilities.
• Actively work with team members to constructively offer review and advice.
• Direct workflow of team members within parameters of responsibility (e.g. trade execution, securities analysis).

About Comerica
We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.

Upon offer, Comerica conducts a comprehensive background and fingerprint check.

NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.

Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.

Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.