What are the responsibilities and job description for the Head of Treasury position at Carver Federal Savings Bank?
Position Title
Head of Treasury
Location
New York, NY
Reports To
Chief Financial Officer (CFO)
Position Summary
The Head of Treasury is a strategic, hands-on leader overseeing Carver Federal Savings Bank’s liquidity, funding, capital strategy, and investment portfolio. This role partners with the CFO and senior leaders to optimize the balance sheet, generate income, and ensure prudent risk management, regulatory compliance, and alignment with Carver’s mission. The Head of Treasury manages treasury operations, interest rate risk, ALCO processes, and capital planning to strengthen the bank’s financial resilience and long-term sustainability.
KEY RESPONSIBILITIES
Primary Responsibilities
• Balance Sheet Optimization & Income Generation:
Develop strategies to enhance balance sheet earnings, including loan and deposit pricing, wholesale funding, and effective liquidity management. Analyze interest rate scenarios, deposit mix, loan growth, and funding changes to assess net interest income (NII) and margin (NIM). Collaborate with lending, finance, and operations to identify income-generating opportunities.
• Investment Portfolio Management:
Lead management of the Bank’s investment securities portfolio, encompassing asset selection, trade decisions, execution, settlement, and monitoring. Oversee a range of investment types, such as Agency MBS, Agency bullets, Treasuries, municipals, CRA-eligible, and other permissible securities. Monitor performance metrics, including prepayment behavior, market value, duration, convexity, and credit quality, ensuring optimal asset allocation. Manage collateral movement for FHLB, Fed, and other secured funding arrangements. Maintain and update the Bank’s Investment Policy to ensure regulatory compliance.
• Liquidity & Funding Risk Management:
Manage the Bank’s daily liquidity, ensuring compliance with internal policies and regulatory expectations. Monitor cash flows, borrowing capacity, collateral requirements, and wholesale funding sources, including FHLB advances, brokered deposits, and the Federal Reserve Discount Window. Maintain and strengthen the Liquidity Risk Management Framework and Contingency Funding Plan.
• Interest Rate Risk (IRR) & Hedging Strategy:
Develop and manage the Bank’s interest rate risk profile, including NII and EVE sensitivities. Evaluate, recommend, and oversee interest rate hedging strategies such as swaps, caps, and
other derivatives. Present IRR analytics and recommendations to ALCO and senior leadership.
• Capital & ALCO Strategy:
Partner with the CFO to execute the Bank’s capital strategy, strengthening regulatory capital ratios. Lead ALCO preparation, ensuring clear communication of risks, opportunities, and recommended actions. Support capital planning by evaluating subordinated debt, preferred equity, and common stock.
• Treasury Operations & Governance:
Oversee daily cash management activities, including cash positioning, wires, and collateral management. Manage relationships with external funding providers, correspondent banks, and investment brokers. Maintain and enhance treasury systems, models, and tools used for liquidity forecasting, investment analytics, and stress testing. Support regulatory exam preparation, internal audit activities, and compliance with OCC, FDIC, and Federal Reserve guidance.
• Cash Flow Forecasting, Modeling & Analytics
Lead development and maintenance of cash flow, liquidity, and balance sheet forecasting models. Produce forward-looking projections for baseline and stressed scenarios. Govern treasury models, assumptions, methodologies, and data to ensure the accuracy and reliability of financial information.
PIVOTAL EXPERIENCE & EXPERTISE
• Bachelor’s degree in Finance, Economics, or Accounting; MBA or CFA preferred.
• 7 years of progressive Treasury or ALM experience in a community or regional bank.
• Direct experience managing liquidity, fixed-income investments, and interest rate risk.
• Hands-on experience with FHLB advances, brokered deposits, and wholesale funding strategies.
• Strong understanding of OCC liquidity and capital regulations.
• Proficiency with ALM modeling systems (e.g., ProfitStars), Bloomberg, and Microsoft Excel.
• Excellent analytical, communication, and presentation skills.
LEADERSHIP CAPABILITIES
• Strategic: Make informed daily treasury decisions with clear connections to Carver’s long-term financial strategy and goals, ensuring every action supports sustainable growth.
• Analytical: Skilled in modeling, scenario analysis, and interpreting balance sheet sensitivities.
• Collaborative: Work effectively and proactively with colleagues from Finance, Lending, Risk, and Operations, valuing input from multiple teams to achieve shared objectives.
• Prudent: Demonstrate sound judgment by balancing earnings optimization with rigorous risk management and regulatory compliance in all treasury activities.
Head of Treasury
Location
New York, NY
Reports To
Chief Financial Officer (CFO)
Position Summary
The Head of Treasury is a strategic, hands-on leader overseeing Carver Federal Savings Bank’s liquidity, funding, capital strategy, and investment portfolio. This role partners with the CFO and senior leaders to optimize the balance sheet, generate income, and ensure prudent risk management, regulatory compliance, and alignment with Carver’s mission. The Head of Treasury manages treasury operations, interest rate risk, ALCO processes, and capital planning to strengthen the bank’s financial resilience and long-term sustainability.
KEY RESPONSIBILITIES
Primary Responsibilities
• Balance Sheet Optimization & Income Generation:
Develop strategies to enhance balance sheet earnings, including loan and deposit pricing, wholesale funding, and effective liquidity management. Analyze interest rate scenarios, deposit mix, loan growth, and funding changes to assess net interest income (NII) and margin (NIM). Collaborate with lending, finance, and operations to identify income-generating opportunities.
• Investment Portfolio Management:
Lead management of the Bank’s investment securities portfolio, encompassing asset selection, trade decisions, execution, settlement, and monitoring. Oversee a range of investment types, such as Agency MBS, Agency bullets, Treasuries, municipals, CRA-eligible, and other permissible securities. Monitor performance metrics, including prepayment behavior, market value, duration, convexity, and credit quality, ensuring optimal asset allocation. Manage collateral movement for FHLB, Fed, and other secured funding arrangements. Maintain and update the Bank’s Investment Policy to ensure regulatory compliance.
• Liquidity & Funding Risk Management:
Manage the Bank’s daily liquidity, ensuring compliance with internal policies and regulatory expectations. Monitor cash flows, borrowing capacity, collateral requirements, and wholesale funding sources, including FHLB advances, brokered deposits, and the Federal Reserve Discount Window. Maintain and strengthen the Liquidity Risk Management Framework and Contingency Funding Plan.
• Interest Rate Risk (IRR) & Hedging Strategy:
Develop and manage the Bank’s interest rate risk profile, including NII and EVE sensitivities. Evaluate, recommend, and oversee interest rate hedging strategies such as swaps, caps, and
other derivatives. Present IRR analytics and recommendations to ALCO and senior leadership.
• Capital & ALCO Strategy:
Partner with the CFO to execute the Bank’s capital strategy, strengthening regulatory capital ratios. Lead ALCO preparation, ensuring clear communication of risks, opportunities, and recommended actions. Support capital planning by evaluating subordinated debt, preferred equity, and common stock.
• Treasury Operations & Governance:
Oversee daily cash management activities, including cash positioning, wires, and collateral management. Manage relationships with external funding providers, correspondent banks, and investment brokers. Maintain and enhance treasury systems, models, and tools used for liquidity forecasting, investment analytics, and stress testing. Support regulatory exam preparation, internal audit activities, and compliance with OCC, FDIC, and Federal Reserve guidance.
• Cash Flow Forecasting, Modeling & Analytics
Lead development and maintenance of cash flow, liquidity, and balance sheet forecasting models. Produce forward-looking projections for baseline and stressed scenarios. Govern treasury models, assumptions, methodologies, and data to ensure the accuracy and reliability of financial information.
PIVOTAL EXPERIENCE & EXPERTISE
• Bachelor’s degree in Finance, Economics, or Accounting; MBA or CFA preferred.
• 7 years of progressive Treasury or ALM experience in a community or regional bank.
• Direct experience managing liquidity, fixed-income investments, and interest rate risk.
• Hands-on experience with FHLB advances, brokered deposits, and wholesale funding strategies.
• Strong understanding of OCC liquidity and capital regulations.
• Proficiency with ALM modeling systems (e.g., ProfitStars), Bloomberg, and Microsoft Excel.
• Excellent analytical, communication, and presentation skills.
LEADERSHIP CAPABILITIES
• Strategic: Make informed daily treasury decisions with clear connections to Carver’s long-term financial strategy and goals, ensuring every action supports sustainable growth.
• Analytical: Skilled in modeling, scenario analysis, and interpreting balance sheet sensitivities.
• Collaborative: Work effectively and proactively with colleagues from Finance, Lending, Risk, and Operations, valuing input from multiple teams to achieve shared objectives.
• Prudent: Demonstrate sound judgment by balancing earnings optimization with rigorous risk management and regulatory compliance in all treasury activities.