JOB SUMMARY:The Treasurer of the Bank plays a pivotal role in safeguarding the organization's financial health and ensuring that the company's financial resources are effectively managed and utilized. Reporting directly to the Chief Financial Officer, the Treasurer is responsible for overseeing all aspects of treasury operations. In this role, you will have the opportunity to contribute to the organization's strategic initiatives and shape our treasury function to support our journey.
ESSENTIAL DUTIES AND RESPONSIBILITIES:- Risk Management: Implement, monitor, and optimize robust risk management policies, procedures, and strategies to identify, assess, and mitigate financial risks; including interest rate risk, credit risk, market risk, and liquidity risk. Risks should be assessed and modeled with varying assumptions and scenarios. Actively and continuously collaborate with bank's Enterprise Risk Management department, office of the Chief Risk Officer, and other key risk-focused contributors throughout the organization.
- Strategic Planning: Develop and execute the bank's treasury strategy in alignment with our growth objectives, risk tolerance, and regulatory requirements. Contribute to the organization's strategic financial planning process, particularly in the areas related to financial management and risk mitigation.
- Asset and Liability Management (ALM): Lead ALM and ALCO-related activities, including balance sheet optimization, interest rate risk management, liquidity management, and capital allocation. This role will have responsibility to engage to the firm's Board of Directors and Finance sub-committee.
- Capital Management: Manage capital adequacy and allocation, ensuring compliance with regulatory capital requirements and optimizing capital deployment to support growth. Oversee and advise stakeholders as it relates to capital planning, capital contingency development, capital stress testing, and capital scenario analysis and modeling activity. Further, the Treasurer should have the ability to actively lead the tactical process around a debt or equity capital offering.
- Funding and Liquidity: Oversee the bank's deposit and wholesale funding strategies. Maintain adequate liquidity buffers and contingencies, manage funding sources to support business operations, manage collateral, and provide for regular and well-designed liquidity stress testing, contingency funding plan testing, and dynamic funding scenario modeling and analysis.
- Investment Management: Manage the firm's robust fixed income securities portfolio in alignment with policy objectives set forth by the company's board of directors. Conduct thorough analysis and research to make informed investment decisions. Additionally, this position is responsible for monitoring a portfolio of strategic investments held at the bank and holding company.
- Financial Modeling: Work in alignment with FP&A in preparation of the annual operating budget, business case development, and ongoing financial forecasting. Have ability to develop and interpret complex financial models to support strategic decision-making and provide insight into the profitability and economic soundness of various products and segments.
- Funds Transfer Pricing: Design and manage the FTP framework and methodology at Communicate the Bank's FTP approach and protocols to internal and external stakeholders.
- Derivates: Develop processes and controls that enable effective utilization of balance sheet derivatives for the purpose of managing risk exposures in alignment with risk appetite and optimizing economic outcomes. Effectively communicate derivative strategies to stakeholders.
- Policy & Internal Controls: Responsible for development and maintenance of an efficient system of policies, procedures, and supplemental control documentation related to the treasury function. Ensure appropriate awareness and adherence by bank personnel to these controls.
- Compliance and Regulatory Reporting: Ensure compliance with all relevant banking regulations and reporting requirements, liaising with regulatory bodies as necessary. Partner closely with the Bank's Compliance teams and committees to ensure alignment and adequacy of regulatory controls.
- Treasury Systems and Technology: Implement and maintain treasury management systems (TMS) and other financial technology to streamline treasury operations and processes, thereby increasing operational efficiencies within the finance organization.
- Model Validation: Responsible for coordination and support of independent validation of the ALM, Liquidity, Capital, and other Treasury-owned models.
- Stakeholder Communication: Communicate treasury-related matters to senior management (including CEO, COO, CFO, CCO, Controller, and others), the board of Directors, and external stakeholders, providing regular updates on performance, risks, and opportunities.
- Team Leadership: The Treasurer will be responsible for managing a team of professional employees. Must be proficient in personnel management and leadership. The incumbent will need to focus on how to optimize and automate the people, process, and toolset.
- Disaster Recovery & Business Continuity: Coordinates and executes Treasury's disaster, recovery, and business continuity planning to support Treasury operations, systems availability, and support.
- Adheres to Seacoast Bank's code of conduct.
EDUCATION and/or EXPERIENCE: - 10-15 years of experience in finance and treasury; strong banking treasury background. Bachelor's degree in mathematics, finance and/or economics preferred.
- Knowledge of capital and bond/rate markets, bank accounting and finance
- Experience in managing and documenting asset and liability management and capital and liquidity planning functions
- Excellent analytical, interpersonal, communication and presentation skills
The Statements above are intended to describe the general nature and level of work being performed by people assigned to this position. They are not intended to be an exhaustive list of responsibilities, duties, and skills. Because these statements are general, the job description is used for a variety of purposes including job evaluations; performance reviews; recruitment; etc. All Associates are required to adhere to the highest legal and ethical standards applicable to our industry. It is the policy of Seacoast Bank that all Associates will be familiar and compliant with all regulatory, legal, ethical and Bank risk mitigation requirements pertaining to both our industry and their individual roles. This includes the on time, successful completion of annual required training post-hire and effective execution of role responsibilities.
