VP of Treasury and Investments

Job description

Position Summary:
The Vice President (VP) of Treasury and Investments manages Technology Credit Union's (Tech CU's) investment portfolio and liquidity position. The incumbent researches new investments and provides reporting to management to maximize investment performance while managing risk. The VP of Treasury and Investments also directs and executes portfolio investment and hedging strategies based on current market conditions and forecasted cash flow positions.

Responsibilities:
Essential Duties

Investment Portfolio:

Actively monitors the investment portfolio for policy compliance and adherence to investment strategy goals.

Produces report package to the Asset-Liability Committee (ALCO) monthly.

Recomends investments to CFO on a need basis backed by thorough research utilizing broker material and independent sources such as Bloomberg.

Acts as liaison with brokers to research and execute bond purchases and sales.

Performs a comprehensive portfolio analysis quarterly or as needed, and develops actionable investment strategies in line with Asset/Liability position and economic environment to maximize investment yield within risk tolerance defined in policy and directed by ALCO.

Maintains records on bonds held to comply with internal policy and regulatory requirements.

Periodically conducts a review of investments in an unrealized loss position for possible, other than temporary, impairment exposure.

Reviews and recommends changes to investment and derivative trading polices.

Liquidity, Derivatives and Asset/Liability:

Conducts ongoing cash flow analysis to manage and monitor daily cash positioning and cash operational activities, prepares cash flow projections and forecasts, identifies cash balances for short-term investments, and ensures adequate daily liquidity.

Performs quarterly liquidity stress testing and backtest of cash flow projections.

Establishes and maintains collateral accounts with Federal Home Loan Bank (FHLB), Federal Reserve Board (FRB), and other counterparties.

Completes risk based capital (RBC) reporting on a monthly basis.

Well versed in Asset-Liability Management (ALM) concepts and the impact of investments to the overall balance sheet. Actively participates in modeling and assumption validation.

Reviews and recommends changes to liquidty contingency plan and ALM policies.

Other Duties:

Works with internal and external auditors and legal counsel.

Contributes to development of strategic goals and objectives for the finance division.

Remains current on economic conditions and regulatory trends that may affect the lending and investment activities of Tech CU.

Supports the CFO with ad-hoc financial analyses and projects, as deemed necessary.

Supervisory Functions

Establishes scope of authority, schedule and responsibility for direct reports.

Engages with direct reports and peers to align goals with organizational goals and objectives, establish performance metrics, provide feedback and develop talent.

Manages and monitors budget to maximize operating efficiencies.

Reviews and responds to issues identified in audit and regulatory reports.

Supports established policy and procedures, recommending changes as needed.

Work Schedule

Full-time; typically 40+ hours/week

Flexible within core business hours, Monday to Friday

Occasional extended early morning or late evening hours, and weekends, typically with advance notice

Workplace Essentials

Supports Tech CU's Mission and Vision and consistently demonstrates Tech CU's Values (Accelerate, Collaborate, Innovate, & Cultivate).

Meets with manager on a regular basis to discuss goal alignment, performance metrics, and development plans.

Complies with Tech CU policies and procedures.

Upholds employee Code of Conduct and Business Ethics and ensures confidentiality of the workplace.

Complies with requirements imposed by federal, state and local regulatory agencies.

Adheres to internal control and security measures designed to ensure regulatory compliance and mitigate losses and errors.

Qualifications:
Education: Bachelor's Degree in a related business discipline, or equivalent work experience.

Experience:

7+ years of experience in a related discipline, including exposure to financial products, policies, and procedures.

Knowledge/Skills/Abilities:

Advanced knowledge and understanding of principles and practices of financial analysis, financial modeling, and accounting.

Advanced knowledge and understanding of college level math (algebra, calculus, and statistics).

Proven knowledge of financial services, consumer loan participation financing, fintech and the sustainable energy arena, along with the competitive landscape.

Excellent problem solving skills with an analytical, qualitative, and detail-oriented mindset.

Excellent aptitude for creating and/or maintaining financial models and analyses in a dynamic environment.

High ability to effectively handle multiple projects, adjust to changing priorities, and meet deadlines.

High ability to collect, evaluate, and interpret data, either in a statistical or narrative form.

Demonstrated initiative, self-motivation, and drive to achieve service objectives.

Solid computer skills, including Microsoft Office Suite.

Strong written and oral communication skills in English for formal written reports and presentations.

Ability to work well in a team environment by establishing and maintaining effective working relationships with direct supervisor, co-workers, and internal/external business partners.

Basic level presentation skills, including electronic delivery (i.e., Teams, Zoom, etc.).

Licensing: None required.

Travel: May be required to occasionally attend offsite training, meetings or events, typically with advance notice. Overnight travel unlikely.

Typical Working Conditions: Office environment with direct business partner interaction. May work remotely as determined by business need and individual performance.

Equipment Used: Routinely uses standard office equipment, including computer, phone, copier, and other devices.

Physical Requirements:

Ability to sit and/or stand 90% of the day.

Reading a computer screen and perform keyboarding tasks for up to 85% of the day.

Speaking and listening to interact with clients and team in person, by phone, or video chat.

Ability to lift items up to 25 lbs.

Mobility to attend meetings within office building and offsite.

EQUAL EMPLOYMENT OPPORTUNITY

Technology Credit Union is an Equal Opportunity Employer. All qualified employees and applicants receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetic information, age, disability, veteran status or any other legally protected basis. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

This is a grade 16 position, with a salary range from $131,500 to $210,500 with bonus potential of 20%. The anticipated range for new hires is between the low-end and midpoint of the range, depending on experience. Tech CU is a pay-for performance organization that benchmarks base pay to the 50th percentile of our market and we provide incentive-based compensation aligned with successful accomplishment of individual and corporate goals. The salary mentioned above is based on working in San Jose, CA. Salaries are based on the geographic location in which you live if working remotely.