Credit Union:

Horizon Credit Union

Region:

Spokane, WA

Closing:

5/31/2024

Learn More

Job Description:

Job Type
Full-time
Description

This position will be a hybrid/remote position with expectation of being onsite at our Spokane Administration building.

YOUR PURPOSE

Responsible for managing the financial risks and liquidity of the credit union. Recommend and implement Asset and Liability Management (ALM) strategies in all areas of treasury and investments. Responsible for planning, directing, maintaining, reporting and controlling a treasury management system that supports the objectives and financial position of the organization. Functions as a member of the Senior Management Team, participating in establishing and implementing major goals and deliverables of the Credit Union. As a Senior Leader, collaborates with other Senior Leaders to ensure consistency and continuity across platforms and programs in fulfilling the Mission, Vision and Strategy of the Credit Union.

YOU ARE RESPONSIBLE FOR

Treasury Management, Strategy & Execution

  • Directly and in collaboration with Key Stakeholders, provide expertise on liquidity risk, market risk, Interest Rate Risk (IRR), pricing, portfolio management, policies, and strategies which support the financial position of the credit union.
  • Responsible to manage credit union assets and liabilities to mitigate financial risks.
  • Responsible for analytical research, data gathering, calculations, modeling, forecasting, and stress testing.
  • Serve as a partner and/or advisor to the management team, evaluating and assisting them with financial modeling, forecasting, pricing strategies and balance sheet management.
  • Communicate and partner with CFO to support and drive investment and funding decisions as well as develop portfolio strategies.
  • Managing investment and liquidity funding portfolios.
  • Cash management and liquidity strategy including managing wholesale borrowings and contingent liquidity sources.
  • Oversee capital markets area and makes recommendations for appropriate hedging strategies.
  • Prepare reports for Senior Management, ALCO or other stakeholders that provide clear and accurate analyses and/or track and monitor risks, provide various stress testing for both regulatory and business use.
  • Support Budget planning, monitoring and oversight; provides input on asset and liability growth targets and needs to support budget and balance sheet management goals.
  • Monitors Department, Investment, or other policies and procedures and recommend and implements improvements.
  • Monitor and anticipate changes in the regulatory environment, economy or within the organization. Make recommendations for responding to emerging or changing trends affecting ALM, capital or liquidity funding.
  • Ensure priorities are developed and implemented in accordance with organizational priorities and Strategic Action Plan initiatives.
  • Serves as business unit point of contact and key decision maker for staff and stakeholders needs or queries, including Executive Manager, corporate counsel or other as needs arise to best manage/leverage treasury and organizational outcomes.

Key Compliance & Other Areas of Responsibility

  • Appropriate partnering with treasury related vendors.
  • Responsible to serve as point of contact as appropriate regarding all Treasury functions.
  • Ensure that treasury activities are in compliance with established legal, regulatory, and Credit Union procedures and expectations.
  • Responsible for all major service contract, activities and vendor management in areas of responsibility.
  • Develop, monitor and provide reports, data and other collateral as needed by Key Stakeholders.
  • Design and monitor overall strategies for success, progress, efficiency optimization and targeted business results.
  • Supports project and other related work needs, such as mergers.
  • Performs such other duties and accountabilities as assigned by the Chief Financial Officer

Leadership & Management

  • Is a participative, collaborative, and supportive Team Member to Senior Management colleagues.
  • Engage/participate in organization-wide strategic planning.
  • Lead and develop a dynamic Treasury team. Direct, develop, recruit and manage subordinate team members.
  • Provide leadership and carry out managerial responsibilities in accordance with the organization’s policies, priorities, processes and applicable laws.
  • Ensures business organization structure, roles and expectations established support the current and evolving needs of the department(s) and organization. Review business unit performance against targeted outcomes, job expectations and goals.
  • Coach and develop the Team for effective performance and succession/redundancy. Plans, assigns and directs work; appraises performance; rewards and disciplines employees; addresses complaints and resolves problems.

SUCCESS LOOKS LIKE

  • Aligns with and supports fellow Senior Managers in communicating the vision, mission and values of the organization. 
  • Able to fulfill on key responsibilities in treasury strategy and planning, liquidity management, investment management, funding and capital management and risk management. 
  • Adheres to sound practices in all related business transactions and initiatives.
  • Collaborates with key leaders and individuals to create successful outcomes.
  • Ensures business unit structure, and team members are efficient, effective and skilled through coaching and development efforts (directly or indirectly).  
  • Ensures required deliverables, reports and documentation are complete, accurate, and timely.
  • Ensures information, data, equipment, etc. are managed and secure as appropriate.
  • Establishes and maintains good business relations with users, vendors, trade professionals, regulators, etc.
  • As needed, is able to support or direct business continuity planning or disaster recovery strategies in area(s) of oversight.  

COMPENSATION

At Horizon Credit Union, we believe in attracting and retaining talented team members who embody our CORE Values of Capability, Optimism, Responsibility and Empathy. Our pay values are reflected in our compensation philosophy which rewards individual performance and the potential to contribute to our teams’ overall success long-term.

The full pay range for this position across all the states in which we hire is $149,571-$254,270. The figures shown represent the minimum and maximum of the range for this role. Individual offers are made dependent upon a candidate’s experience, education, and skill level.

Benefits, Perks, and Other Good Stuff

We know there’s more to life than just a job. Our benefits are designed to help support our employees and their well-being. Take a look at what we have to offer:

  • Medical, Dental, & Vision Insurance for full-time and reduced full-time employees & their families
  • Telemedicine for part-time employees
  • Paid Group Life and Disability Insurance
  • Employee Assistance Program
  • Tuition Reimbursement Program
  • 401K Retirement Savings
  • Employer 401K Retirement Contributions & Matching upon eligibility
  • Discretionary Annual Incentive Bonus based on eligibility criteria
  • Paid Time Off per Full Calendar Year:
    • 10 hours of PTO per month (prorated for reduced full-time and part-time)
    • Paid Birthday Holiday
    • 2 Paid Wellness Days
    • Up to 24 hours of Paid Volunteer Time annually
    • 11 Paid Holidays
  • And More!
Requirements

EXPERTISE YOU NEED

Bachelor’s degree in finance, statistics, decision science, or another related field. Minimum eight years of treasury or liquidity management/risk experience to include five years of management experience and successfully leading and guiding a key organizational relevant business unit at a senior level. Experience with liquidity stress testing, risk management and/or asset-liability management within complex financial organization preferred. Related work experience may substitute for education. Finance background, capital markets, investment and balance sheet management experience required.

Capabilities

  • Balanced, disciplined and innovative approach and mindset.
  • Critical-thinking and strategic mindset.
  • Objective approach to addressing opportunities and resolving challenges.
  • Display agility and ability to assess and adjust or fine-tune the plan as needed to support overall objectives.
  • Strong interpersonal and communication skills; ability to lead and work effectively with co-workers, members, and vendors.
  • Strong leadership and management skills.
  • Ability to utilize and leverage ALM related systems (such as Bloomberg)
  • Technical and advanced analytical, financial, and budgeting skills.
  • Ability to comprehend, interpret and write reports, business correspondence, and procedure manuals.
  • Demonstrated problem-solver and solution provider; ability to define problems, collect data, establish facts, and draw valid conclusions.
  • Effective project management and resource planning skills.

ABLE TO

To perform the essential functions of this position an employee must be able to meet the following workplace demands: ability to converse with others, detect sound, identify and detect objects, count, read, write, operate a computer, handle and feel objects, reach with hands/arms and be stationary and/or stand and/or move for long periods of time. Occasionally an employee will lift/pull/push and carry up to 25 to 50 pounds, stoop, kneel, crouch, crawl, climb and be able to maintain balance doing these activities. Position requires sound reasoning, good judgement and ability to apply knowledge toward work activities. The noise level is moderate and typical of a normal office environment. In accordance with the Americans with Disabilities Act, Horizon Credit Union will provide reasonable accommodation/s to qualified individuals with disabilities to perform the essential functions, unless such accommodations would cause the employer an undue hardship. To request an accommodation, please contact Human Resources.

ABOUT THIS JOB DESCRIPTION

The statements in this job description are intended to describe the essential functions and minimum qualifications for this position and are not intended to be an exhaustive list of all responsibilities, duties, and skills required. Job descriptions are not intended nor do they create an employment contract and are subject to change at any time to accommodate business necessity. The Credit Union maintains its status as an at-will employer where applicable. In support of Horizon CU’s goals, employees may perform other duties as assigned and all employees are expected to:

  • Exemplify our CORE Values
  • Promote teamwork and collaboration
  • Provide our team members/members/stakeholders with the highest quality service and output
Salary Description
$140,571-$254,270/annually