Nov 07, 2017

Director of Treasury

  • Firstmark Credit Union
  • San Antonio, TX, United States
Full time Treasury Finance Accounting

Job Description

Job Summary

Reporting to the SVP Chief Financial Officer (CFO), the Director of Treasury is responsible for providing strategic and tactical leadership for three primary Treasury functions: Asset and Liability Management, Investments and Financial Analysis and Reporting. In addition, the Director of Treasury will work closely with the CFO and other members of the executive management team to manage the investment portfolio, monitor liquidity, develop the annual credit union budget and strategic capital management plans, and forecasting interest rate and credit risk.

Key Accountabilities

  • Manages balances sheet interest rate risk, related assessment processes and risk mitigation strategies.
  • Manages, develops and provides leadership to the Treasury Manager, including performance management, career development and succession plans.
  • Oversees and manages the preparation and development of Management and Board ALCO report packages and committee meeting content. Delivers presentations, reports, and analyses for Executive Management, Management ALCO, and the Board of Directors. Attends and participates on assigned committees.
  • Ensures that all ALM credit union efforts conform to NCUA regulatory and GAAP requirements. In addition, responds to and resolves regulatory examination and internal/external findings and recommendations.
  • Manages the Credit Union’s investment portfolio including related policies, strategies, development, investment transactions, procedures, controls, monitoring, and documentation, etc.
  • Conducts independent research and analysis and prepares economic reports on topics such as rates of return, depreciation, working capital requirements, investment opportunities, investment performance and impact of governmental requirements.
  • Manages short and long-term investment activity through recommended strategies and ensures that adequate liquidity is available to meet the Credit Union’s deposit demands and loan needs.
  • Assists CFO and Controller in preparing the credit union’s annual budget and strategic capital management plans. Analyzes budget and quarterly financial forecasts for variances and risks related to prepayments, cash flow changes, margin compression, and other influences.
  • Engages with regulators and internal/external business partners to understand the impact of regulatory changes, such as Dodd-Frank Act on the Treasury function and implements changes accordingly
  • Exhibits and role models the credit union’s Shared Principles at all times

Job Requirements and Qualifications

  • Bachelor’s degree in Finance, Accounting, or other related field. A graduate degree in a business related field and at least 5 to 8 years’ work experience is preferred. MBA or CFA a plus, but not required.
  • Ability to develop strategic, innovative solutions to problems to meet strategic objectives.
  • Ability to clearly and succinctly convey information and ideas to individuals and groups.
  • Capable of initiating and cultivating strategic relationships with stakeholders inside and outside the credit union.
  • Strong leadership, interpersonal, coaching and mentoring skills and the ability to work with all levels of staff including executive management.
  • Intimate knowledge of all aspects of treasury risk management.
  • Thorough knowledge of fixed income securities and derivatives and other complex financial concepts and products.
  • Solid understanding of A/L modeling concepts, cash flow modeling techniques, and the use of fixed income and derivative pricing models.
  • Strong knowledge of accounting and budget principles, investments and financial ratio analysis.
  • Must be able to research, analyze, write reports and proposals, and present findings and recommendations relating to areas of responsibility.
  • Must be able to use internal software programs to access data, run queries and reports.
  • Capable of creating, interpreting and maintaining financial models, financial ratios, budget forecasts and projections.
  • Must have above average Microsoft Word, Excel, and PowerPoint skills.

Other Information

  • Ability to maintain a flexible schedule.
  • Ability to read, analyze and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.
  • Ability to solve technical and mathematical problems.


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