Assistant Treasurer

About BankFund: BankFund Credit Union is a full-service financial cooperative that was organized and chartered in 1947 as a convenient place for employees of the World Bank Group and International Monetary Fund and their families to save and to obtain credit. Located in Washington, DC, BankFund maintains three full-service branches downtown with our headquarters located near Farragut West metro station. This position is classified as a hybrid role which means that on-site work will be expected. After completion of training for the role, staff generally work on site 40% of the time but this is subject to change based on health and safety standards and operational need. Summary: The successful candidate will manage and lead the team responsible for ensuring that interest rate risk and liquidity risk are properly managed and reported to ALCO and the Finance Committee. Lead the development, presentation, and implementation of critical analysis such as forecasting, stress testing, and scenario analyses that drive strategic and tactical decision-making for the credit union's balance sheet. The Assistant Treasurer will contribute, both written and orally, in various management meetings, fostering a collegiate and collaborative environment while providing strong leadership. Responsibilities: Analyses Manage and analyze large quantities of data as part of model input and assumption review processes. Conduct in-depth reviews and analyses of ALM and other model inputs, assumptions (e.g., prepayments), methodologies used, and reported results to ensure reliable risk and performance reporting. Manage analytical models designed to analyze the changes in the economic values of asset and liability categories, provide attribution and sensitivity analyses. Model, analyze, and report repricing mismatches, basis risk, yield curve risk, and options risk. Develop assumptions for and evaluate the performance of various asset and liability scenarios by employing quantitative and qualitative analysis. Perform Net Interest Income (NII) and Net Economic Value (NEV) calculations and forecasts, including "What-If" scenario analyses. Manage analytical tools, data integrity check methodologies, and third-party reports to ensure that high-quality analysis is being performed and reported. Perform model governance consistent with best practices and regulatory requirements. Back test model assumptions and results to validate and improve forecasting. Develop and maintain interest rate, investment, liquidity, and capital risk measurement and monitoring processes to ensure that Board policy measures are calculated correctly and monitored. Assist in business planning, budgeting, and stress testing processes. Maintain solid understanding of evolving regulatory requirements. Manage and lead various projects and initiatives such as stress testing and forecasting. Reporting Lead the report creation, development, and quality assurance processes for the group's presentations. Present the reports to senior management, ALCO and Finance Committee as requested. Manage the data and reporting processes of the credit union's interest rate risk position, including net economic value and earnings at risk, reviewing, analyzing, and reporting the results as requested. Manage the processes for asset/liability management (ALM) and the stress testing of Liquidity, IRR, and Capital, including Risk-Based Capital. Manage the reporting processes for the investment portfolio and projected liquidity, including back testing. Interface with vendors that provide department reports and services, developing successful working relationships. Management/Leadership Manage and lead the group responsible for asset/liability management, financial risk, liquidity, and investment analyses, exhibiting strong leadership and communication skills. Enhance, improve, monitor, and document related processes. Build strong, successful relationships with coworkers, senior management, and third-party vendors to create a positive collaborative working environment. Commitment to timeliness, communicating progress status daily, and solving issues. Software Management Develop and implement automated solutions for the collection of data, data integrity checking, and production of reports. Lead the assessment and technology improvement processes for data models, tools, processes, and governance for analytic systems used by the finance group, including design and implementation. Design, build, and maintain a robust framework for the efficient, timely, and accurate production of risk information. Manage and enhance existing risk and performance analytics and processes, including the validation, analysis, and utilization of data. Conduct data querying, manipulation, analysis, and transformation of large data sets. Compliance Successfully participate in annual Information Security refresher training. Comply with the Information Security Policy, including the immediate reporting of unusual or suspicious activity to management and the Information Security Officer. Follow all procedures to protect company computers from viruses, and to maintain the security and confidentiality of Credit Union data. Participate in annual Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) training and demonstrate knowledge and understanding of the BSA and OFAC, including the immediate reporting of unusual or suspicious activity to the Risk Management Department. Undertake additional training specific to daily responsibilities and as required to ensure continued compliance with all applicable regulations. Ensure the Credit Union's safe harbor protections as allowed by the BSA. Understand that if confronted with knowledge of existence of a Suspicious Activity Report (SAR), an obligation exists to preserve the confidentiality of that SAR, as well as any information that may reveal the existence of a SAR. Maintain awareness of, and immediately report to the Compliance Officer, any unauthorized disclosure of a SAR, or unauthorized disclosure of information related to a SAR. Understand that failure to do so is a violation of federal law and may lead to both civil and criminal penalties for SAR disclosure violations. Maintain a professional, positive attitude at all times. Serve as a role model for employees. Minimum Qualifications or Knowledge, Skills and Abilities Required Education Bachelor's degree in Finance, Economics, Actuarial Science, Mathematics, Computer Science, or a related field required. Master's Degree in a finance related field is preferred. Professional designation (e.g. CFA, FRM, PRM) is valued. Experience & Skills 5+ Years of progressive experience in a similar position at a financial institution. Strong knowledge of and experience working with asset liability management software. Producing and presenting executive level financial analyses and decision-making reports. Creating, writing, and presenting financial and organizational strategy presentations. Modeling fixed-Income products and analyzing/presenting results. Supporting capital markets transactions for a banking institution. Writing and maintaining automated workflows, including macros. Strong self-directed communication skills, willingness to reach out to department coworkers, other departments, and vendors for relationship building, efficient and timely resolve of issues. Excellent problem-solving analytical skills, detail-oriented, independent thinking, time management and organizational skills. Solid understanding of financial institution practices in modeling mortgage prepayments and modeling non-maturity deposits. A keen interest in financial institutions and markets is essential. Experience working with a variety of technical and market tools such as Bloomberg, using OAS methodologies and/or Monte Carlo simulations. Understanding of MBS, CMBS and CMO cash flows. Experience with data warehousing, analytics, reporting, coding, and best practices. Strong knowledge base of risk management techniques and quantitative tools. For internal purposes, this position is graded as Exempt-16. The anticipated annualized base salary range for this position is $179,000 to $224,000. Final base salary for this role will be based on the individual's job-related experience, skillset, training, certifications and market demands. The benefits available for this full-time position include but are not limited to: medical, dental, and vision insurance, 401(k) plan, life insurance coverage, disability benefits, tuition assistance program and paid time off, including paid parental leave benefits. In addition to base compensation salary, this role position is eligible for an annual incentive plan. #J-18808-Ljbffr

Created: 2025-02-01