Hybrid Director, Treasury

at Municipal Credit Union

• Job title: Director, Treasury
• Job type: Full Time
• Experience level: Lead
• Salary: $175,000 - $250,000 per year
• Degree requirement: Bachelor's Degree
• Tech skills: ERP
• Location requirements: Hybrid, New York City, United States

About the role

• Director of Treasury at Municipal Credit Union managing financial stability and strategic treasury operations. Overseeing cash management, risk management, and investment management.

Responsibilities

• Manage cash flow forecasting, liquidity planning, liquidity ratio analysis and investment strategies
• Develop cash targets and oversee daily cash positioning activities to support efficient liquidity management
• Manage excess operating cash to obtain optimum interest revenue
• Ensure sufficient funds are available to meet ongoing operational and capital investment requirements
• Oversee the credit union’s borrowing programs with the Federal Home Loan Bank of New York, Federal Reserve and corporate credit unions
• Establish and manage and non-member deposit funding programs
• Develop strategies to optimize the credit union’s net worth
• Maintain strong relationships with lenders and financial institutions
• Identify, monitor and mitigate financial risks, including interest rate, liquidity and credit risks
• Implement hedging strategies and other financial instruments to manage risk exposures
• Ensure compliance with internal policies and regulatory requirements
• Manage the credit union’s cash and investment portfolio to maximize returns while maintaining liquidity
• Develop and execute investment strategies aligned with the credit union's financial goals
• Evaluate and monitor market trends to identify new investment opportunities
• Oversee relationships with liquidity providers and banking relationships.
• Leverage tools such as ERP systems, treasury management systems, and data visualization platforms to enhance decision-making and tracking of KPIs.
• Drive automation and technology integration to streamline treasury processes
• Maintain policies and procedures that impose an adequate level of control over treasury activities and provide support for regulatory reporting
• Oversee pricing strategies for loan and deposit products
• Analyze market trends, interest rates and competitor offerings to determine competitive and profitable pricing structures
• Oversee the credit union’s secondary marketing program, including loan participation purchases and sales
• Oversee the portfolio of loan purchases monitoring for performance
• Review and ensure application of appropriate internal controls, compliance and financial procedures
• Monitor key financial metrics and performance indicators, analyzing trends and identifying areas for improvement or risk mitigation
• Collaborate with the peers in Accounting & Finance when treasury related expertise is required
• Responsible for preparing monthly reporting and analysis for management and board reporting, as well as all ALCO reports
• Lead the activities of the Asset Liability Committee (ALCO), including overseeing committee meetings, and ensuring compliance with Board policies and regulatory requirements
• Lead and monitor the treasury team, foster a culture of excellence and accountability
• Collaborate with the CFO and other senior leaders to align treasury strategies with organizational objectives
• Develop and lead revenue enhancement strategies via effective balance sheet management strategies with the credit union’s risk appetite
• Provide financial insights and recommendations to support mergers, acquisitions and other strategic initiatives
• Serve as the primary liaison for advisory firms engaged by the credit union in support of ALM and Investment strategies
• Serve as a key point of contact for regulatory examiners, external and internal auditors in matters pertaining to asset liability management
• Perform other related duties as requested and special projects as assigned

Requirements

• Bachelor's degree in Finance, Accounting, or a related field; MBA or CPA preferred
• 7+ years of progressive experience in treasury, with a minimum of 5 years in a senior treasury leadership position at a similarly sized bank or credit union
• In-depth knowledge of asset liability management principles, planning systems, and stress testing methodologies
• Strong understanding of bank accounting concepts and GAAP, with the ability to interpret and apply regulatory guidelines effectively
• Excellent analytical skills and attention to detail, with the ability to analyze complex financial data and draw actionable insights
• Proven leadership abilities, with experience managing teams and driving results in a collaborative environment
• Exceptional communication and interpersonal skills, with the ability to articulate financial concepts to diverse audiences and influence decision-making processes
• Strategic mindset and forward-thinking approach, with the ability to anticipate challenges and develop proactive solutions
• Demonstrated success in planning, organizing, leading people and activities.
• Ability to motivate, direct and coach staff. Ability to perform in a high-volume environment and meet deadlines while maintaining exceptional attention to detail. Technologically proficient.

Benefits

• Competitive compensation
• Medical and dental benefits
• 401K with employer match
• Flexible paid time off