Dir Treasury Management

GENERAL SUMMARY:

Kinecta Credit Union is seeking an experienced and results-driven Director, Treasury Management to oversee the organization's treasury function, ensuring optimal management of liquidity, funding, hedging, and interest rate risk. The Director will manage third-party providers responsible for investment portfolio strategy, ALM modeling, and hedging operations, ensuring alignment with Kinecta's strategic objectives. This role will also mentor a pool of rotating analysts, helping them develop expertise in treasury, asset-liability management (ALM), and risk analytics. The Director will play a critical role in strategic financial planning, ensuring treasury strategies align with the credit union's long-term objectives.

NATURE AND SCOPE OF POSITION:

The Director, Treasury Management reports to the SVP, Chief Financial Officer and Head of Corporate Strategy and works closely with the Accounting, Risk Analytics, Financial Planning & Analysis, and Business teams. This role serves as a key financial leader, ensuring that treasury functions align with Kinecta's broader financial strategy. The Director will also supervise financial analysts, ensuring they gain meaningful exposure to treasury operations and financial risk management. The Director will regularly engage with internal and external stakeholders, ensuring clear communication in reporting to bankers, regulators, auditors, and executives.

SUPERVISORY RESPONSIBILITIES:

This position has direct supervisory responsibilities. The Director, Treasury Management is authorized to take reasonable actions necessary to fulfill assigned responsibilities, provided they align with Kinecta's policies and cost-effective practices. The following positions typically report to this role:

* Financial Analyst

* Senior Financial Analyst

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Liquidity & Cash Management

* Conduct daily liquidity monitoring to ensure adequate funding and compliance with regulatory requirements.

* Optimize cash positions through proactive short-term funding and investment strategies.

* Develop and oversee cash forecasting models to support operational liquidity planning.

* Manage short-term borrowing facilities and funding sources, ensuring efficient use of liquidity.

* Collaborate with finance leadership to align liquidity strategies with capital planning and funding strategies.

Interest Rate Risk & Asset-Liability Management (ALM)

* Oversee third-party providers responsible for ALM modeling, stress testing, and duration management.

* Ensure effective interest rate risk management through external hedging strategies.

* Evaluate and monitor hedge effectiveness, ensuring compliance with accounting and regulatory standards.

* Manage the ALCO (Asset-Liability Committee) process, providing oversight on financial risk analyses and scenario planning.

* Partner with Risk Analytics to enhance interest rate risk monitoring and forecasting.

* Ensure compliance with regulatory and internal ALM policies, incorporating evolving market conditions and regulatory changes.

Investment Portfolio Oversight

* Direct and manage third-party investment advisors responsible for executing Kinecta's investment strategy.

* Establish and monitor investment guidelines, ensuring portfolio alignment with risk appetite and regulatory requirements.

* Oversee investment performance reporting and analysis, ensuring transparency and accountability from third-party managers.

* Monitor and analyze market trends, economic indicators, and interest rate movements to provide strategic direction.

Capital Planning & Funding Strategy

* Develop and manage Kinecta's capital planning framework, ensuring alignment with regulatory requirements and long-term strategic objectives.

* Conduct capital stress testing and scenario analysis to assess resilience under adverse economic conditions.

* Evaluate and recommend funding strategies, including borrowing facilities, securitization, and member deposit optimization.

* Lead efforts to identify new funding opportunities, including alternative funding sources and partnerships.

Treasury Operations, Compliance & Vendor Management

* Ensure compliance with all regulatory and internal policies, including ALM, liquidity, and capital adequacy standards.

* Develop and enhance treasury policies and procedures to improve operational efficiency and risk controls.

* Collaborate with internal auditors, external regulators, and finance leadership to ensure transparency and compliance.

* Oversee third-party relationships and ensure performance metrics, SLAs, and cost efficiency align with Kinecta's objectives.

* Stay abreast of industry regulations, participate in industry forums, and implement best practices in treasury management.

Cross-Functional Collaboration & Leadership

* Partner with FP&A, Accounting, and Risk Analytics to integrate treasury insights into broader financial planning efforts.

* Lead financial risk training initiatives to enhance understanding across finance and business units.

* Present treasury insights and recommendations to senior leadership and the Board of Directors.

* Engage with stakeholders, including regulators, bankers, and external financial partners, to ensure alignment with industry trends and credit union goals.

NON-ESSENTIAL DUTIES AND RESPONSIBILITIES:

Performs other duties including special projects as assigned.

MINIMUM QUALIFICATIONS

Knowledge, Skills, and Abilities:

* Strong understanding of liquidity risk management, capital markets, ALM, and hedging strategies.

* Expertise in managing third-party vendors for treasury functions, including investment management, ALM modeling, and hedging operations.

* Proficiency in financial modeling and forecasting for liquidity, capital, and investment scenarios.

* Familiarity with data analytics, BI tools, and treasury management systems to optimize decision-making.

* Excellent communication and presentation skills, with the ability to convey complex financial concepts to executives, board members, and regulators.

* Proven leadership ability to mentor and develop high-performing teams.

* Strong stakeholder engagement skills to manage relationships with external regulators, bankers, auditors, and vendors.

Education, Training and Experience:

Potential candidates for this position must meet the following requirements:

* Bachelor's degree in Finance, Economics, Accounting, or a related field; MBA or advanced degree preferred.

* 8+ years of experience in treasury, ALM, or financial risk management, with a demonstrated ability to oversee third-party treasury functions.

* Experience in the financial services or credit union industry strongly preferred.

* Completion or pursuit of professional certification program (e.g., CFA, FRM, CTP) are strongly preferred

One year of relevant professional-level work experience may be substituted for one year of required education.

WORKING CONDITIONS:

* The working environment is generally favorable. Lighting and temperature are adequate, and there are no hazardous or unpleasant conditions caused by noise, dust, etc.

* The job may require flexibility regarding scheduling days, hours, and work location, depending on business needs.

* The job is typically sedentary but may require standing and walking up to 35% of the work time to transfer files, ask questions, and related activities.

PHYSICAL ABILITIES, MENTAL DEMANDS, AND WORK ENVIRONMENT

Must be able to exercise sound judgment, effectively plan and be well organized, have excellent oral and written communications skills, work well under changing timelines, take the initiative and be flexible and cooperative. Accuracy, timeliness and maintaining confidentiality related to member, employee information and company records is required.

While performing the duties of this position, the employee is regularly required to sit; talk or hear in person and by telephone; use hands to operate standard office equipment; reach with hands and arms; lift minimum 10 lbs.

The employee is frequently required to walk and stand. Vision abilities required by this job include close vision and the ability to adjust focus to read and operate office equipment, as necessary. The employee works under typical office conditions and noise levels.

Disclaimer:

The above information in this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.