Treasurer

Address

We’re always looking for bright individuals to join our growing organization. As a part of the First Financial Family, we will invest in your development and provide a dynamic work environment where you’re challenged, valued and empowered every day. We strive to be the best destination for the industry’s top talent, creating a diverse, collaborative workplace that celebrates innovation and change. We are one team, working together to get things done.

Job Description:

Office Location:

Abilene, Texas, United States

SCOPE/CONTACTS: 

The Treasurer oversees the Finance Department of the Bank, which is responsible for Financial Modeling; Management Reporting; Interest Rate Risk Management; Liquidity Risk Management; and the management of the Company’s Balance Sheet.

ESSENTIAL FUNCTIONS:

Interest Rate Risk Management

· Create and Maintain Policies and Procedures related to Interest Rate Risk Management

· Prepare Appropriate Reporting for all Board and Subcommittee Meetings

· Perform/Supervise regular interest rate risk modeling and projections

· Perform ad-hoc analysis on proposed changes to balance sheet

· Understand balance sheet hedging and capital markets hedging instruments

· Oversee back to back loan swap program and dealings with SWAP counterparties

· Manage Clearing House relationships and collateral positions

· Ongoing Exception Pricing Review

· Liquidity Risk Management

· Monitor daily liquidity needs

· Manage Correspondent Bank Relationships and Concentrations

· Establish and Manage sources of contingency liquidity for Bank and Holding Company

· Manage cash flow forecast for Bank and Holding Company

· Maintain Reserves at Federal Reserve Bank and Invest any excess or short-term funds to maximize return to Bank

· Create and maintain policies and procedures related to Liquidity Risk Management, Contingency

Funding Planning and Daily Cash Management

· Prepare appropriate reporting for all Board and Subcommittee meetings

· Perform/Supervise regular liquidity risk modeling and cash flow projections

· Management of wholesale funding strategies

· Oversight of contingent funding plan and table top testing

Forecasting/Financial Planning

· Work with Executive Team on analysis and consolidated forecast of potential merger/acquisition targets

· Provide recommendations on acquisition/merger targets based on analysis and due diligence review

· Create and Maintain policies and procedures related to capital planning and capital stress testing

· Perform/supervise regular capital stress testing, modeling, and reporting

Investment Portfolio Management

· Work with Investment Portfolio officer (FFTAM) on strategies for bond portfolio.

· Oversee Investment in CRA Funds – provide ongoing monitoring and reporting to Board on Fund’s Financial Performance and any recommended impairment

Leadership

· Management ALCO Committee Member and Team Lead

· Directly Manage and Coach Finance team members

· Provide Vision, Leadership, and Oversight for Finance Department Strategic Initiatives

· Support Bank’s Position to Regulatory Agencies and Internal/External Auditors

· Manage Finance Department Model Inventory and documentation. Work directly with Model Risk Management Department on model risk ratings and validations.

· Remediate and document responses/actions taken for all exam, audit, and model validation findings

· Interact with and provide ongoing information to Regulatory Agencies as needed

· Other special projects as requested by Executive Management

MINIMUM QUALIFICATIONS:

Education Requirements: Bachelor’s Degree in Finance or Accounting

Minimum Experience: 15+ years of experience in Finance or Accounting. 

Licenses and Certifications: MBA, CPA

Knowledge/ Skills/ Abilities

· Knowledge of bank eligible investments, markets and risks

· Knowledge of securities regulations, accounting classifications, OTTI, and impairment classifications

· Knowledge of interest rate risk regulations

· Knowledge of liquidity and stress testing regulations

· Expert knowledge of Earnings-at-Risk and Economic Value of Equity results and modeling

· Knowledge of FRB Primary Credit, FHLB, and Correspondent borrowing and collateral rules

The above statements reflect the general details considered necessary to decide the principal functions of the job identified and shall not be construed as a detailed description of all work requirements that may be inherent in the job.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)