Derek Granger, Cfa Email & Phone Number

Phoenix, Az, Us

Minneapolis, Mn, Us

Responsible for ALM, Interest Rate Risk, and Credit Risk positioning across Ameriprise's $60B+ Owned Asset portfolio.

Phoenix, Az, Us

Led a team of financial professionals responsible for managing the company’s cash flows, processing payments, ensuring adequate liquidity via short-term borrowing of commercial paper and revolving lines of credit, investing excess cash, and maintaining banking relationships.Ensured that all essential payments ($1.2B in 2021), which included interest and principal payments of long-term debt, letters of credit, sale leasebacks, revolving lines of credit, term loans, pension contributions, and dividend payments to shareholders, were delivered as scheduled/required.Coordinated the hedge accounting and depositary account requirements for a $70M project finance deal, the first of its kind for the company, on behalf of one of the company’s subsidiaries.

Phoenix, Az, Us

Implemented and evaluated the effectiveness of the general interest rate hedge for the $3B+ Pension Plan, whereby the interest rate sensitivity of the liability was fully hedged with long duration fixed income securities and, where key rate duration gaps were identified, supplemented with U.S. Treasury futures contracts.Monitored the performance and relationships with investment managers and funds of the roughly $6B of institutional assets overseen by the Pension & Trust Investments staff, including the Retirement ("Pension") Plan, the Savings ("401(k)") Plan, the other post-retirement employee benefits ("OPEB") trusts, Nuclear Decommissioning Trusts ("NDTs"), the APS Foundation, and other institutional investment portfolios.

Waltham, Ma, Us

Directed Variable Annuities hedging trades to achieve desired rho, delta, and currency matching within range-bound risk tolerance limitsCoordinated external sale of $183M commercial mortgage loan portfolio

Oo

Managed investment portfolios backing the U.S. Group and Canadian Reinsurance product lines ($2.4B) in a complex multi-legal entity, cross-border business environment. Coordinated investment activities with asset class managers (Public and Private Fixed Income, Commercial Mortgages, Real Estate, Equities, and Derivatives) to achieve portfolio objectives while maintaining compliance with asset mix, credit quality, and interest rate risk limits.Responsible for enterprise-wide derivatives collateral management as well as liquidity contingency planning and forecasting for $37B U.S. investment portfolio.Transformed collateral management process supporting $15B notional derivatives portfolio into a "profit center" resulting in an annual income run-rate increase of $11M.

Oo

Key contributor and member of the Liquidity Task Force, which was created in the aftermath of the financial crisis of 2008-09, to ensure that liquidity requirements were met to fund $1B+ of scheduled net outflows.Coordinated $3B of fixed income inter-portfolio trades in 2009 to reduce friction costs associated with wide bid-ask spreads and to capitalize on tax- and capital-driven opportunities.Appointed and served as chairman of the Data Integrity Committee, with membership from leaders across the organization, including Investments, Finance, ALM, Middle-Office, Accounting, and IT.

Oo

Led monthly discussions with the Chief Investment Officer regarding the public bonds, private debt securities, mortgage loans, and equity investments causing concern.Prepared projected cash flows and impairment recommendations for all structured products managed in the U.S.

Oo

Transformed manual and time-intensive monthly fund performance calculation process into daily automated solution by providing product knowledge and technical support to project team, which resulted in substantial cost savings for the company and better transparency for variable annuity contract-holders.Produced comprehensive mortality and lapse experience study that enabled the company to release over $10M of actuarial reserves.

Conducted sensitivity analyses and priced new annuities products, set crediting rates for in-force annuities products, and constructed compensation models to analyze various commission structures available to sales representatives.

Boston, Massachusetts, Us