RESPONSIBILITIES

Balance Sheet Management

• Develop the annual funding plan and execute liability management transactions to support the funding needs of the credit union.
• Develop and execute asset/liability management strategies that consider risks inherent in the balance sheet and align with the strategic plan.
• Monitor and provide analysis to executive management and the board regarding treasury-related risks, including interest rate risk, liquidity risk, and other market related risks.
• Routinely bring together parties from across the enterprise to collaborate around critical issues in ALM and balance sheet management; to include creating thought leadership to build consensus, surface appropriate issues and drive actionable outcomes.

Funding & Liquidity Risk Management

• Forecast and plan balance sheet strategies, primarily focusing on capital, funding, and liquidity planning.
• Manage liquidity risk, including development of policies and procedures, liquidity risk modeling and stress-testing activities, and compliance with regulatory requirements and reporting.
• Analyze and anticipate the credit union’s cash requirements to ensure both long- and short-term requirements are met.
• Manage all funding activities, including both strategy and execution.
• Be actively involved and contribute to the deposit funding strategy in conjunction with business leaders.

Product Pricing

• Determine cost of funds used in product pricing working with Financial Planning & Analysis.
• Understanding the overall impacts of pricing changes to members, deposit and loan volumes/balances, and liquidity and interest rate risk profile.

Interest Rate Risk Management & Hedging

• Acts as the Credit Union’s primary “risk manager” for interest rate risk, including identification and measurement of risks, communication of risks to decision makers, implementation of risk management strategies (including hedging), and evaluation of risk management performance.
• Develop hedging strategies to manage risk consistent with interest rate risk objectives.

Other Responsibilities

• Chair/participate in key committees, including ALCO, Deposit and Loan Pricing Committee, among others.
• Establish and maintain policies, systems, and processes to meet the Treasury requirements of the NCUA and Minnesota State regulator.
• Manage interactions with the regulators for ongoing monitoring as well as target exams and ad hoc requests.
• Provide treasury and risk management analysis and solutions for enterprise-wide initiatives such as mergers and acquisitions.
• Maintain and strengthen where possible the Wing’s risk management and control program as it applies to treasury matters.
• Recruit, develop and retain staff in the Treasury Department to improve performance and position them for greater responsibility at the Credit Union.
• Maintain robust two-way communications with business units, regularly sharing information and educating units regarding key treasury/risk management issues and concerns, and staying well informed about key business issues in the line.
• Strong knowledge of commercial and consumer banking products and services, including lending and deposit products, and the associated funding implications.
• Demonstrated knowledge and expertise in regulatory requirements of a depository institution including liquidity risk management, interest rate risk management, capital planning and stress testing, and permissible investments.
• Experienced leader in developing a funding plan for a financial institution to meet liquidity needs of the company, optimize returns, and comply with all regulatory requirements, including the issuance of debt securities, issuance of secondary capital and development of a deposit funding strategy, and other funding options available to the Bank (e.g. FHLB borrowings).
• Proven ability and leadership skills to develop and implement a robust treasury platform and organization.

EDUCATION, SKILLS & EXPERIENCE:

• Bachelor’s degree in accounting or finance required with MBA, CPA, CFA or CTP preferred.
• Minimum of 5 years’ experience as a Treasurer, Assistant Treasurer, or equivalent in a financial services company with assets of $5 billion preferred.
• Outstanding communication, interpersonal and leadership skills.
• Excellent analytical and problem-solving skills.
• Proven proactive, inclusive, collaborative leadership approach.
• Demonstrated success partnering with senior leaders and experience in developing and implementing change initiatives with a solid track record for delivering results.
• Experience with mergers and acquisitions preferred.
• This position is based out of the Apple Valley, MN, Headquarters office.
• This position will require some travel for conferences or to meet with vendors.

SUPERVISORY RESPONSIBILITIES

Directly supervise employees in the treasury department. Carry out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.