The Assistant Treasurer is responsible for developing quantitative/analytic models, tools, and applications in support of the firm's interest rate and liquidity risk management efforts while also developing and documenting theoretical model frameworks, back testing, and implementing models prior to implementation and throughout their lifecycle.
Essential Functions
- Ensure compliance with third party vendor management practices and procedures, and document and data integrity
- Prepare management reports
- Ensure compliance with Northwest’s risk appetite
- Working knowledge of interest rate curves and the impact of economic and Central Bank activity on Northwest, and experience with interest rate derivatives
- Maximize technology tools available
- Manage personal workload/workflow
- Assist in loan pricing and fund cost analysis
- Participate in the budget process particularly for the generation of net interest income
- Participate in the creation of net interest income in any capital stress test efforts
- Excellent communication skills with bond brokers and management; capable of interpret and explain otherwise complex concepts to members of management
- Seek continuing education opportunities
- Prepare and report of asset liability scenarios and models, and cash flow models and liquidity stress tests
- Respond to regulatory as well as internal and external audit requests
- Analyze core deposit behavior to be utilized in model
- Prepare various footnotes and schedules for required quarterly and annual reports
- Assist in the development of analytical methods and models that assess the market, credit and/or operational risks of new and exist financial products
- Participate in the research, design, and implementation of new financial products or in the development of trad or hedging strategies
- Consult with practitioners, the academic community, and other financial institutions in research the development of risk management models for new and exist products
- The development of the theory and mathematics behind various models by collect information based on capital markets, consumer and retail bank, credit card, and mortgage business alignment
- Review, approve model theoretical frameworks and documentation, independent back test, and review model developer test results, and approve any third party model that is used by the firm for risk measurement and management purposes
- Recommend profitability increasing alternatives, and improvements to procedures
- Develop customer service levels
- Minimize departmental nonpayroll costs
Additional Essential Functions
- Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations
- Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency
- Work as part of a team
- Work with on-site equipment
Additional Responsibilities
- Complete special projects as they're assigned.
Safety and Health for Supervisors with Direct Reports
- Provide leadership and positive direction for maintaining the safety and loss prevention program
- Actively participate in and support employee participation in the safety and loss prevention program by ensuring that employees know how to properly report a safety issue, making sure that all accidents are promptly reported to Human Resources and documented, and ensuring that prompt action is taken whenever workplace hazards are identified
- Help implement emergency procedures
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education
Bachelor's Degree in Finance, Economics, Mathematics, Statistics or Banking And
Work Experience
8 - 12 years of related risk analytical experience in the financial services industry
8 - 12 years Fixed income securities, derivatives or stress testing experience
General Supervisory/Manager Knowledge, Skills, and Abilities
- Ability to identify existing and potential problems, obtain and evaluate relevant information, identify possible causes of the problems, and suggest an alternative course of action including innovative or creative approaches
- Ability to allocate and effectively use information, personnel, time, and other resources necessary for implementation of Northwest’s strategic plans
- Ability to make decisions, render judgments, and take action on tasks within the scope of given authority in a timely fashion
- Ability to develop, evaluate, and implement alternative courses of action, based on correct assumptions concerning resources and guidelines, and support decisions or recommendations with data or reasoning
- Ability to present and express ideas and information effectively and concisely in an oral and/or written mode in a manner appropriate for the audience Extensive
- Ability to listen and comprehend what others are saying and facilitate the open exchange of ideas and information
- Ability to motivate and provide direction in the activities of others, appropriately assigning work and authority, in the accomplishment of goals; providing advice and assistance as required
- Ability to understand and appropriately apply procedures, requirements, regulations, and policies; maintain credibility with others on specialty matters
Additional Knowledge, Skills and Abilities
Proven ability to utilize a variety of computer software programs and proficiency in designing new analytic models
Organizational ability
Excellent computer skills
Excellent interpersonal/communication skills, analytical, and demonstrated efficient critical thinking abilities
For candidates in Buffalo, NY, The pay range for this position is generally $152,000 - $190,000 annually. Actual pay is based on various factors including but not limited to the successful candidate’s experience, skills, and knowledge. Additional bonus earning opportunities and benefits are also available.
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)
