Duties and Responsibilities
Assists with establishment, strategy, and execution of the roadmap and vision for capital planning and stress testing.
Assists with developing annual comprehensive capital plan that addresses capital goals. Determines appropriate capital levels, evaluates decisions about capital actions, and maintains capital contingency plans according to policy.
Assists with overall business strategic plan by evaluating data and completing various analyses and reports for presentation to the Asset Liability Management Committee (ALCO).
Responsible for evaluating, monitoring, and reporting interest rate risk and ensures compliance with policy.
Manages cash management function including banking relationships, cash monitoring, and investments.
Manages the budgeting and forecasting process for the Credit Union.
Manages monitoring of credit risk and reporting to include adequate Allowance for Loan Losses funding levels. Communicates results and confirms policy compliance.
Reviews and recommends new methods and procedures to make daily operations more efficient. Performs considerable short-term planning, scheduling, and coordinating within area of responsibility.
Sets goals and objectives for team members for achievement of operational results. Assigns work and delegates responsibilities to staff and monitors progress to ensure department goals are met and high-quality member service is maintained. Responds appropriately to employee complaints and issues. Cultivates strong working relationships and builds trust among team members.
Assists Vice President with developing and implementing long term and short term business objectives. Interprets and implements management policies for area of responsibility.
Assists Vice President with department budget development, monitoring, and maintenance.
Assists Vice President with regulatory compliance to ensure that all work is completed in accordance with applicable laws and government regulations.
Maintains knowledge and understanding of current trends, laws, and issues affecting area of expertise. Attends educational events that will increase professional knowledge and be otherwise beneficial to the Credit Union. Completes annual BSA/AML Compliance Training and understands employee’s role in maintaining an effective BSA/AML compliance program, and completes FACT Act Red Flag training.
Minimum Education, Experience and Skill Requirements
Bachelor's degree in Finance or Accounting.
7 or more years of experience in asset liability management, capital planning, and stress testing, preferably with a financial institution. Previous management experience required.
Previous experience implementing process improvements and gathering support for new initiatives.
Strong ability to analyze data and trends, and make recommendations based on output. Able to evaluate economic conditions and forecasts.
Strong organization, prioritization, analytical, and problem solving skills in order to effectively manage area of responsibility and attain goals set. Able to resolve difficult problems and situations.
Strong knowledge and understanding of Credit Union products, services, policies, and procedures pertinent to the job.
Strong knowledge and understanding of regulatory compliance necessary to successfully perform job responsibilities.
Strong knowledge and understanding of all Credit Union computer systems and software applications required to perform job duties.
Strong verbal and written communication skills and interpersonal skills in order to interact professionally and effectively with members, staff, vendors, and government regulators. Able to communicate policies, practices, and procedures for clarity and understanding by direct reports and other stakeholders.