Vice President of Treasury

Horizon Credit Union•Spokane Valley, WA

1h•$160,937 - $273,593•Hybrid

About The Position

The Vice President of Treasury leads the Credit Union’s asset-liability management, liquidity and funding strategy, investment portfolio management, and related financial risk activities. Serving as a strategic advisor to the Chief Financial Officer and Senior Management, this position develops and implements recommendations related to interest-rate risk, pricing, capital deployment, and loan purchase or participation strategies, and leads the Treasury function in alignment with the Credit Union’s Mission, Vision, strategic priorities, and financial objectives.

Requirements

Bachelor's degree in finance, economics, accounting, business, statistics, decision science, or another related field.
Minimum eight years of treasury or liquidity management/risk experience to include five years of management experience and successfully leading and guiding a key organizational relevant business unit at a senior level.
Experience with liquidity stress testing, risk management and/or asset-liability management within complex financial organization preferred.
Related work experience may substitute for education.
Finance background, capital markets, investment and balance sheet management experience required.
Balanced, disciplined and innovative approach and mindset.
Critical-thinking and strategic mindset.
Objective approach to addressing opportunities and resolving challenges.
Display agility and ability to assess and adjust or fine-tune the plan as needed to support overall objectives.
Strong interpersonal and communication skills; ability to lead and work effectively with co-workers, members, and vendors.
Strong leadership and management skills.
Ability to utilize and leverage ALM related systems (such as Bloomberg)
Technical and advanced analytical, financial, and budgeting skills.
Ability to comprehend, interpret and write reports, business correspondence, and procedure manuals.
Demonstrated problem-solver and solution provider; ability to define problems, collect data, establish facts, and draw valid conclusions.
Effective project management and resource planning skills.
Aligns with and supports fellow Senior Managers in communicating the vision, mission and values of the organization.
Effectively leads treasury strategy and planning, liquidity management, investment management, funding and capital management, and financial risk management.
Ensures business unit structure, and team members are efficient, effective and skilled through coaching and development efforts (directly or indirectly).
Ensures required deliverables, reports and documentation are complete, accurate, and timely.
Establishes and maintains good business relations with users, vendors, trade professionals, regulators, etc.
As needed, can support or direct business continuity planning or disaster recovery strategies in area(s) of oversight.
Ability to converse with others, detect sound, identify and detect objects, count, read, write, operate a computer, handle and feel objects, reach with hands/arms and be stationary and/or stand and/or move for long periods of time.
Occasionally an employee will lift/pull/push and carry up to 25 to 50 pounds, stoop, kneel, crouch, crawl, climb and be able to maintain balance doing these activities.
Position requires sound reasoning, good judgement and ability to apply knowledge toward work activities.
The noise level is moderate and typical of a normal office environment.

Nice To Haves

Experience with liquidity stress testing, risk management and/or asset-liability management within complex financial organization

Responsibilities

Directly and in collaboration with Key Stakeholders, provide expertise on liquidity risk, market risk, Interest Rate Risk (IRR), pricing, portfolio management, policies, and strategies which support the financial position of the credit union.
Responsible for managing credit union assets and liabilities to mitigate financial risks.
Responsible for analytical research, data gathering, calculations, modeling, forecasting, and stress testing.
Serve as a partner and/or advisor to the management team, evaluating and assisting them with financial modeling, forecasting, pricing strategies and balance sheet management.
Communicate and partner with CFO to support and drive investment and funding decisions as well as develop portfolio strategies.
Managing investment and liquidity funding portfolios.
Cash management and liquidity strategy including managing wholesale borrowings and contingent liquidity sources.
Oversee capital markets area and make recommendations for appropriate hedging strategies.
Lead the preparation and presentation of decision-oriented analyses for Senior Management, ALCO, the Deposit Pricing Committee, and other stakeholders, including financial risk monitoring, forecasting, stress testing, pricing analysis, and strategic recommendations.
Support Budget planning, monitoring and oversight; provides input on asset and liability growth targets and needs to support budget and balance sheet management goals.
Monitors Department, Investment, or other policies and procedures and recommend and implement improvements.
Monitor and anticipate changes in the regulatory environment, economy or within the organization. Make recommendations for responding to emerging or changing trends affecting ALM, capital or liquidity funding.
Appropriate partnering with treasury related vendors.
Responsible for serving as point of contact as appropriate regarding all Treasury functions.
Ensure that treasury activities are in compliance with established legal, regulatory, and Credit Union procedures and expectations.
Responsible for all major service contracts, activities and vendor management in areas of responsibility.
Design and monitor overall strategies for success, progress, efficiency optimization and targeted business results.
Supports project and other related work needs, such as mergers.
Performs such other duties and accountabilities as assigned by the Chief Financial Officer
Is a participative, collaborative and supportive Team Member to Senior Management colleagues.
Engage/participate in organization-wide strategic planning.
Lead and develop a dynamic Treasury team. Direct, develop, recruit and manage subordinate team members.
Provide leadership and carry out managerial responsibilities in accordance with the organization's policies, priorities, processes and applicable laws.
Ensures business organization structure, roles and expectations established support the current and evolving needs of the department(s) and organization. Review of business unit performance against targeted outcomes, job expectations and goals.
Coach and develop the Team for effective performance and succession/redundancy. Plans, assigns and directs work; appraises performance; rewards and disciplines employees; addresses complaints and resolves problems.

Benefits

Medical, Dental, & Vision Insurance for full-time and reduced full-time employees & their families
Telemedicine for part-time employees
Paid Group Life and Disability Insurance
Employee Assistance Program
Tuition Reimbursement Program
401K Retirement Savings
Employer 401K Retirement Contributions & Matching upon eligibility
Discretionary Annual Incentive Bonus based on eligibility criteria
10 hours of PTO per month (prorated for reduced full-time and part-time)
Paid Birthday Holiday
2 Paid Wellness Days
Up to 24 hours of Paid Volunteer Time annually
11 Paid Holidays