First Citizens Bank

Senior Director, Head of Funding

First Citizens Bank • $160K — $190K *
Finance & Insurance
11 - 15 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree with 12 years of experience, or a High School Diploma with 16 years in Banking Treasury or Finance
  • Preferred PhD or MS in quantitative fields such as Finance, Econometrics, Mathematics, Physics, or Engineering
  • Experience in Risk Modeling, Model Development, and Analytics in Large Financial Institutions
  • Experience leading teams within large and diverse organizations
  • Chartered Financial Analyst (CFA) certification required

Responsibilities

  • Manage funding portfolio from strategy to execution
  • Lead teams in funding execution aligned with company risk appetites
  • Develop and implement compliant funding strategies
  • Coordinate timely analysis and reporting for stakeholders
  • Establish and monitor departmental expectations and policies
  • Maintain relationships with Treasury partners and regulatory agencies
  • Guide and evaluate staff performance for professional development

Benefits

  • Comprehensive benefits program for full-time associates
  • Customized benefits designed to support families
  • Commitment to providing a competitive total rewards package
  • Access to a thoughtfully designed and quality benefits program
Full Job Description
Overview

This position is responsible for managing a team of leaders and professionals to develop and maintain a diverse funding desk supporting FCB's Treasury department to achieve balance sheet funding needs and contribute to liquidity risk management practices and asset liability management functions. The leader ensures coordination between the Treasury Funding teams and other stakeholders (e.g. investor relations, various deposit teams) across all Treasury and Finance functions, ensuring funding strategies, recommendations, and actions are undertaken in full alignment with overall balance sheet strategy and risk appetites. Oversight over all Treasury funding channels (e.g. debt capital markets, secured channels, brokered channels). Provides coaching and guidance to staff to ensure continued alignment with organizational culture.

Responsibilities & Qualifications

Business Strategy - Responsible for the efficient management of the funding portfolio from strategy to execution. Lead teams responsible for funding executions that align with company risk appetites and allocations. Manage counterparty relationships and any necessary collateral program requirements.

Business Support - Responsible for the development, revision, and implementation of compliant and effective funding strategies and sources. Advises on existing and new strategies to ensure positions are appropriate allocated and risks are properly measured and monitored.

Reporting - Coordinates timely delivery of analysis and reporting to senior management and stakeholder teams. Represents Treasury practices during engagements with internal and external stakeholders, including regulatory exams/engagements.

Managerial functions - establishes and monitors expectations to achieve company and department goals. Makes appropriate changes to department policies, procedures, and efficiencies in order to meet objectives. Manages the performance, training, and evaluation of assigned staff. Maximizes department achievements by providing guidance and professional development.

Relationship Development - Establishes and maintains strong, communicative relationships with Treasury team, debt capital markets partners, regulatory agencies, internal risk, and internal audit to facilitate Treasury initiatives and strategies.

Qualifications:
Minimum Required Education and Experience: Bachelor's Degree and 12 years' experience OR High School Diploma or GED/Equivalent and 16 years' experience in Banking Treasury or Finance
Preferred Education: PhD or MS
Preferred Area of Study: Quantitative fields such as Finance, Econometrics, Mathematics, Physics, Engineering
Preferred Area of Experience: Risk Modeling, Model Development, Analytics in Large Financial Institution, Experience leading in a large, diverse organization
Required Licenses or Certifications: Chartered Financial Analyst (CFA) - IO

Preferred Skills:

Treasury

Liquidity Management

Business acumen / knowledge

Policy, Procedure, and Governance

Maintains Strategic Perspective

Drives for Results

First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here: https://jobs.firstcitizens.com/benefits

Additional Information

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

About First Citizens Bank

First Citizens Bank is a regional bank that provides a range of financial services to individuals and businesses. The bank offers checking and savings accounts, loans, mortgages, credit cards, and investment services, as well as online and mobile banking. First Citizens Bank operates more than 500 branches in 19 states and the District of Columbia. The bank was founded in 1898 and is headquartered in Raleigh, North Carolina.
Learn more about First Citizens Bank
Size
6,000 employees
Industry
Founded
1898

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