Treasury Manager

Job Title

The salary range for this position is $ roughly $118,000 to $148,000 per year.

Responsibilities

1. Assumes responsibility for assisting in the development and implementation of effective Credit Union financial strategies and policies.

a. Assists the SVP Treasurer in developing short and long-term financial goals and objectives. Conducts economic research and analysis.

b. Assists with the formulation and implementation of financial plans, policies, and procedures which safeguard and increase Credit Union assets and income. Recommends changes to improve funding, investments, and Capital Planning/ALM activities. Evaluates alternative balance sheet strategies including hedging strategies and prepares reports assessing their success. Oversees the Financial Planning Model including forecasting, budgeting, what-if analysis, and regulatory reporting.

c. Monitors the general economic environment and anticipated developments and provides summaries and suggestions for updating policies and strategies, so they are commensurate with economic conditions.

d. Recommends strategies to improve interest rate margins.

e. Serves as a member of the Asset Liability Management Committee and aids in developing strategies and policies. Presents and participates actively in Committee discussions.

2. Serves as one of the Credit Union's Investment Officers.

a. Serves as a Board approved Investment Officer and works with the SVP Treasurer in analyzing, purchasing, and settlement of investment securities. Ensures that transactions are carried out appropriately and in accordance with board approved policies and NCUA regulations. Reports trends, anomalies, and concerns to the SVP Treasury and ALM Committee.

b. Analyzes the investment portfolio performance, ensures compliance, and looks for safe options to improve.

c. Remains current on investment trends, risks, and capabilities and maintains Certified Credit Union Investment Professional Designation.

3. Assumes responsibility for the credit unions pricing models and makes recommendations for improving credit union profitability.

a. Oversees the production and reporting of Asset/Liability and Pricing Models including Funds Transfer Pricing. Total Return and Shape Management, and Profitability systems.

b. Reports trends, anomalies, and concerns to the SVP Treasury and ALM Committee.

c. Serves as a subject matter expert for Credit Union Profitability systems and methodologies.

4. Assumes responsibility for the effective performance of Treasury functions.

a. Proactively manages credit analysis review activities to ensure that the quality of Credit Union investments is maintained in compliance with established investment policies.

b. Oversees creation of the Credit union's capital Plan and regulatory Stress-testing activities.

c. Oversees the development of statistical models used in Capital Planning and ensures that assumptions are documented, reasonable, and properly validated.

d. Manages, automates, and simplifies reporting and data collection activities relating to asset and liability and capital planning activities, investment and accounting functions, and peer group research. Keeps related software systems current, efficient, and functional.

e. Coordinates and oversees data collection to support analysis of ALM and capital planning functions and other financial activities. Utilizes collected data to evaluate the success of past strategies and to develop improved ones.

f. Establishes and maintains accounting and operations support functions to ensure the implementation of adequate controls for investment accounts.

g. Establishes and maintains controls for adequate settlement and safekeeping activities including the monitoring and collection of interest payments.

h. Monitors and manages the credit union's lines of credit and pledging of collateral.

i. Coordinates activities for AFCU with Federal Reserve Bank, manages and reports reserve position and assures that settlement

5. Assumes responsibility for maintaining professional business relations with members and industry professionals.

a. Ensures that member service functions are professionally delivered.

b. Assists members and branch employees with questions or problems and ensures that they are appropriately informed. Assists with more complex member services and with any sensitive or particularly difficult issues.

c. Cross sells Credit Union services and products to meet member needs.

d. Ensures that the Credit Union's professional reputation is maintained.

6. Effectively supervises Department personnel, ensuring optimal performance.

a. Provides leadership to Department personnel through goal setting, delegation, and communication. Works with employees to establish and meet Department and individual objectives.

b. Conducts regular staff meetings and one-on-ones.

c. Ensures that personnel are well-trained, effective. Monitors training needs and implements programs as required.

d. Conducts performance appraisals as required. Implements corrective action as needed.

e. Provides support and assistance to employees.

f. Submits employee timecards and payroll listings to Accounting.

7. Assumes responsibility for establishing and maintaining effective communication and coordination with Credit Union personnel and with management.

a. Coordinates Treasurers Office activities with other departments and ensures that departments are well informed and provided with adequate information for documentation.

b. Keeps management informed of area activities and of any significant problems.

c. Completes, submits, and presents required reports, analyses, projections, and recommendations.

d. Attends and participates in meetings as required. Participates in and prepares content for Asset Liability Management, Pension, ERM and Capital planning Committee meetings. Responsible for ALM and Capital Planning Staff/Board committee packets.

e. Coordinates regulation and policy changes with Compliance Resources.

8. Assumes responsibility for establishing and maintaining effective business relations with correspondent banks and other financial professionals.

a. Serves as a Credit Union representative in negotiations and dealings.

b. Maintains the Credit Union's professional reputation.

c. Works with outside consultants as needed to validate internal systems and leverage department capabilities.

9. Assumes responsibility for related duties as required or assigned.

a. Replaces and assists the SVP Treasurer as required.

b. Stays informed of trends, developments, and legal changes in Department functions.

c. Responsible for research, recommendation and testing of new products

d. Ensures that Department work areas are clean, secure, and well maintained.

e. Serves as a financial resource to management.

f. Completes special projects as assigned.

Qualifications

Training/Education/Certification:

College degree in finance or related field.

MBA, CPA, or equivalent industry experience

Accounting and data processing training preferred.

Certified Credit Union Investment Professional designation

Required Knowledge:

Knowledge of investments, economics, financial markets, Federal Reserve System, and asset liability management and reporting.

Knowledge of Statistics, Structured Query Language (SQL), Python, Visual Basic for Applications (VBA), database management, systems, and analytical reporting.

In-depth understanding of financial statement composition and analysis

Through understanding of Credit Union industry, Asset and Liability products, and associated regulations.

Knowledge of related support functions, including accounting and computer applications.

Experience Required:

Empyrean System Experience ALM and Profitability preferred

15 years of related experience including Financial Modeling, Investment Management, Financial Reporting, Database Management, Capital Planning & Regulatory Stress Testing, Electronic Funds Transfer in a financial institution.

In-depth understanding of Investment Security analysis and settlement activities.

Data Science or Econometric Modeling strongly desired

Skills/Abilities:

Excellent mathematical, analytical, and communication abilities.

Ability to manage, organize, direct, and work well with others.

Well organized and detail oriented.

Ability to work independently and manage projects.

Able to use PC and peripherals, finance and investment software systems, and miscellaneous business equipment.