About this RoleThe Sr. Director - Treasurer is a senior Finance leader responsible for managing First Bank's liquidity, funding, investment portfolio and balance-sheet strategy. Reporting to the Chief Financial Officer, the Treasurer plays a critical role in ensuring the Bank maintains the financial flexibility, liquidity and funding capacity necessary to support loan growth, manage interest-rate risk and achieve its financial objectives.
The Sr. Director - Treasurer serves as a key advisor to executive leadership and family ownership, providing clear, fact-based recommendations on significant balance-sheet decisions. This includes evaluating the relative benefits and risks of deploying available funds into investment securities, maintaining liquidity, supporting anticipated loan growth or pursuing other strategic uses of the Bank's resources.
This role requires deep banking and treasury expertise combined with exceptional judgment and communication skills. The successful candidate must be able to translate complex market, interest-rate and balance-sheet considerations into practical recommendations for senior executives and family ownership.
In this Role You WillBalance Sheet Strategy & Asset/Liability Management- Lead the Bank's treasury and balance-sheet strategy in partnership with the Chief Financial Officer and other senior leaders
- Evaluate the Bank's current and projected balance-sheet position, including deposits, loans, investments, liquidity, funding and capital considerations
- Play a leadership role in the Asset/Liability Committee process, providing analysis and recommendations related to interest-rate risk, liquidity, funding and balance-sheet positioning
- Develop scenario analyses to evaluate how changes in interest rates, deposit levels, funding costs, loan demand and market conditions could affect the Bank's earnings, liquidity and balance sheet
- Recommend strategies that balance earnings opportunities with liquidity, capital preservation, interest-rate risk and the Bank's overall risk appetite
Liquidity & Funding- Maintain a forward-looking view of the Bank's liquidity needs based on expected deposit activity, loan production, investment maturities and other balance-sheet requirements
- Develop and execute funding strategies that provide appropriate access to liquidity under both normal and stressed market conditions
- Evaluate the relative economics of deposits, wholesale funding and other available funding sources
- Ensure the Bank maintains appropriate liquidity and contingency funding capabilities consistent with regulatory expectations and Board-approved policies
Investment Portfolio- Direct the strategy and management of the Bank's investment securities portfolio within established policies and risk limits
- Oversee the purchase, sale and maturity of securities while considering liquidity, duration, yield, credit quality, market risk and the overall needs of the Bank
- Evaluate investment opportunities within the context of the entire balance sheet rather than maximizing investment yield in isolation
- Assess the opportunity cost associated with committing liquidity to longer-duration securities when those funds may be needed to support future loan growth
- Monitor portfolio performance, market conditions, interest-rate expectations and emerging risks, and recommend appropriate changes in positioning
Risk Management & Governance- Lead the identification, measurement and management of interest-rate, liquidity, investment and market risk within the Treasury function
- Ensure treasury and investment activities operate within applicable policies, regulatory requirements, limits and internal controls
- Prepare and present treasury, liquidity, investment and risk reporting to executive leadership and appropriate management and Board committees
- Recommend updates to investment, liquidity, funding and related treasury policies as market conditions and the Bank's strategy evolve
- Maintain appropriate documentation supporting significant investment, funding and balance-sheet decisions
Leadership- Provide leadership, direction and development for Treasury and investment professionals
- Establish clear expectations and accountability for execution, risk management, reporting and operational excellence
- Partner closely with Finance, Accounting, Commercial Banking, Retail Banking, Risk and other areas to anticipate and support the Bank's balance-sheet needs
Family Ownership & Executive Advisory- Serve as a trusted financial advisor to family ownership, the Chief Financial Officer and executive leadership regarding treasury, investment and balance-sheet matters
- Present competing strategies and recommendations in clear business terms, including expected return, liquidity implications, interest-rate exposure, funding considerations and opportunity cost
- Provide a clear point of view regarding significant capital-deployment decisions, including whether available funds should be invested in securities, retained for liquidity or positioned to support anticipated loan growth
- Constructively challenge proposed strategies when market conditions, liquidity needs, risk considerations or expected loan demand support a different approach
- Communicate complex financial information in a manner that enables informed decision-making without requiring the audience to have specialized treasury or investment expertise
Qualifications, Competencies and SkillsEducation & Experience- Bachelor's degree in Finance, Accounting, Economics, Business or a related field required; advanced degree, CFA or other relevant professional designation preferred
- Significant progressive experience in bank treasury, asset/liability management, investment portfolio management or balance-sheet management, preferably within a regional or similarly complex commercial bank
- Demonstrated experience managing or providing senior-level oversight of a sizable bank investment portfolio
- Significant experience with liquidity management, funding strategy, interest-rate risk and asset/liability management
- Experience working directly with executive leadership, Board-level committees or ownership groups on significant financial and balance-sheet decisions
- Experience leading and developing professional staff
Core Skills & CapabilitiesBank Balance-Sheet Strategy
Understands the interrelationship among loans, deposits, investments, liquidity, funding, capital and earnings and makes decisions based on what is best for the entire Bank
Asset/Liability & Interest-Rate Risk Management
Demonstrates deep understanding of interest-rate sensitivity, duration, liquidity, funding, deposit behavior and related balance-sheet risks
Investment Portfolio Management
Possesses strong knowledge of bank-eligible securities, portfolio construction, risk/return analysis, duration, liquidity and investment policy requirements
Liquidity & Funding Management
Anticipates liquidity requirements and develops appropriate funding and contingency strategies while considering availability, cost and risk
Strategic Financial Judgment
Evaluates competing uses of financial resources and makes disciplined recommendations that appropriately balance return, risk, liquidity and strategic flexibility
Family & Executive Advisory
Builds credibility with family ownership and senior executives, communicates complex subjects clearly and has the judgment and confidence to respectfully challenge assumptions when appropriate
Market & Economic Analysis
Interprets interest-rate trends, economic conditions and financial markets and translates those developments into actionable implications for the Bank
Risk & Governance
Operates within established risk appetite, policies and regulatory expectations and provides transparent reporting regarding significant risks and decisions
Leadership & Talent DevelopmentBuilds a strong Treasury function through clear direction, accountability, coaching and development.
Compensation DisclosureThe range for this role takes into account many factors that First Bank considers when making hiring decisions, including but not limited to prior experience, skill set, training, and other internal business and organizational factors. First Bank generally does not hire at or near the top of the stated range. The range is driven by the geographic location of the anticipated hiring location; however, the specific range may vary depending on the geographic location for remote positions. Compensation decisions depend on the specific facts and circumstances of each hiring instance. A reasonable estimate of the current pay range is $225,000 - $250,000.
