Principal, Treasury Analyst

About Patelco Credit Union

Patelco Credit Union is a not-for-profit credit union with a purpose to build financial health and wellbeing for our members. Since 1936, Patelco has grown from $500 in assets to over $9 billion in assets and is the 7th largest credit union in California with branches throughout Northern California.

We are here for our members throughout all their stages of life. Meeting them with the products and services to help them plan purposefully for their futures and to secure our life-long partnership as their trusted financial advocate. As one team, we are all committed to delivering service, empowering financial literacy, creating products, and providing new technology for our members.

We believe that work should be rewarding, challenging, and enjoyable. We're dedicated to creating a positive and supportive culture where our team members can thrive. If you're looking to use your skills and knowledge to make a difference in our members' lives, Patelco could be the perfect fit for you.

Overview

The Principal Treasury Analyst is responsible for owning the processes for preparation and production of the Bank's interest rate risk ALM model. The position sits within the Credit Union's Treasury department and reports to the VP of Treasury. The Principal serves as a high level subject matter expert who supports the Treasury Team in all aspects of the Asset Liability Management function including stress testing (liquidity and interest rate risk), ALCO package preparation, and cash management. The Principal works in partnership with and provides back up support to the VP of Treasury. This position is also responsible for ensuring compliance with all internal policies and state and federal regulations related to investments and liquidity.

Responsibilities

• Leads ALM management, cash management, liquidity planning, bank account management, cash forecasting, and ad-hoc projects for the enterprise
• Develops Patelco's cashflow forecast
• Leads deposit analytics to support Patelco's pricing strategy
• Monitors and presents market and economic metrics and presents findings and recommendations to Treasury leadership
• Partners with business units to ensure accurate modeling of member behavior under changing interest rate conditions
• Develops reporting and analytical frameworks for risk measurement and portfolio valuation, and collaborates on automation initiatives.
• Identifies, measures, and manages all Interest Rate Risk (IRR) across the organization
• Collaborates with Treasury team to ensure proper management of IRR and liquidity risk across the organization
• Assists the VP of Treasury in the development of hedge strategies within risk appetite, evaluating alternative strategies and assessing outcomes across various market and behavioral scenarios
• Participates in ad hoc projects that include building dashboards, plans, and metrics
• Ability to effectively communicate and influence at various levels of the organization.
• Strong vendor relations management and ability to interact daily with brokerage firms, bond traders, and account managers

Qualifications

• Bachelor's degree in finance, business management, or accounting
• CFA, FRM or MBA preferred
• 10 years minimum experience in a senior treasury role
• Thorough knowledge of the financial markets, asset liability management, wholesale funding, modeling, financial analysis, and derivative
• Expertise in interest rate management, cash flow forecasting, managing contingent liquidity sources, banking relationships and collateral management
• Liquidity risk management expertise and familiarity with regulatory expectations
• Strong knowledge of bond investments and capital markets, including trade executions and settlement activity
• Experience with credit unions and CUSOs preferred
• Knowledge of Bloomberg Terminal is preferred
• Physical requirements -may require prolonged periods of sitting at a desk and working on a computer.
• Repetitive motions - May require prolonged periods of typing

Target Base Pay

$128,322- $160,411 / per year

Compensation at Patelco

Please note that the salary information is a general guideline only. Patelco Credit Union considers factors such as (but not limited to) scope and responsibilities of the position, candidate's work experience, education/training, key skills, internal peer equity, as well as market and business considerations when extending an offer. We offer a competitive total rewards package including a wide range of medical, dental, vision, financial, and other benefits.

We Offer

Physical Health:

• Exceptional Medical, Dental, Vision, and Life Insurance benefits
• Onsite fitness center at HQ and rewards for completing wellness related activities

Financial Health:

• Competitive compensation packages with bonus opportunity
• 401(k) with 3% Safe Harbor and 5% employer match
• Discounts on loan products
• Tuition reimbursement

Emotional Health:

• Employee Assistance Program (EAP)
• PTO for part-time and full-time positions
• Paid holidays
• Calm & Wellness app

Personal Development:

• On-the-job training and skills development
• Internal transfer opportunities for career growth
• Volunteer work

Flexible work arrangements available for specific positions

Patelco Credit Union is an Equal Opportunity Employer including individuals with disabilities and protected veterans

IND123