Head of Treasury
Growth-oriented commercial bank seeking Head of Treasury! Be a visible part of a transforming treasury function at at this relationship focused bank.

This role is responsible for providing leadership and direction for the Treasury function including balance sheet strategy, asset/liability management, investments, borrowings, capital planning, liquidity management, loan/deposit pricing, merger & acquisition analysis, strategic direction, and other finance initiatives. The Treasurer will play a key role in working with the CFO and the Leadership Council to provide strategic and tactical leadership on banking related activities of the organization. This person will have the ability to work well with individuals at all levels of the organization from the Board of Directors to Leadership Council to Staff on various projects and activities and will have excellent oral and written communication skills.

Roles and Responsibilities:

Job Function 1: Asset Liability Management including Interest Rate Risk, Liquidity, and Capital Management - 45%

  • Chair Asset Liability Committee
  • Manage the Company’s interest rate risk and liquidity
  • Implement, monitor and report on the Company’s balance sheet strategies
  • Facilitate cross-functional balance sheet and off balance sheet management
  • Develop and prepare cash flow analysis, incorporating liquidity considerations for assets, liabilities and capital over various time horizons
  • Takes a leadership role in developing interest rate risk and other balance sheet management strategies, leading to strategic recommendations
  • Assist CIO managing the investment portfolio and preparing 12 month liquidity forecast and recommend and implement strategies to ensure adequate liquidity
  • Manage the Company’s borrowings, including FHLB Advances, TRUPs, Subordinated Debt and other borrowings and maintain the overall debt rating
  • Assist in product pricing strategies and scenario modeling to ensure company’s strategic goals are being met

Job Function 2: Capital Planning – 30%

  • Perform analysis and prepare recommendations on capital structure strategy, shareholder return efforts (i.e., dividends and share repurchases), capital allocation decisions and valuation
  • Execute capital market transactions, such as bond offerings and share repurchases
  • Assist CFO in developing and managing capital plan ensuring optimal capital structure is in place and meets regulatory guidelines

Job Function 3: Risk Analytics – 10%

  • Develop and manage credit risk monitoring processes, including identifying and implementing best practices and ensuring all processes are documented, reviewed and updated regularly
  • Support cross-functional initiatives to deliver on risk management goals, policies and procedures
  • Enhance or develop reporting tools used to communicate various components and potential risks and risk-mitigating strategies
  • Work with risk management team on the implementation and support of CECL framework

Job Function 4: Merger and Acquisition Analysis – 5%

  • Assist the CFO in the review and analysis of potential merger and acquisition candidates
  • Responsible for the financial analysis on acquisition targets by running models and presenting results to the acquisition team
  • Analyzes capital considerations and makes recommendations regarding the appropriate capital structure and requirements for acquisitions
  • Maintain list of possible acquisition targets and update financial information on a quarterly basis

Job Function 5: Department Support and Teamwork – 10%

  • Works with leadership council of the various business segments on special financial related projects
  • Engage with regulators and internal/external business partners to understand the impact of regulatory changes
  • Assist in regulatory audits, governance support, internal audits, and internal risk management reviews by producing supporting documentation, methodology support, or procedures for analytics
  • Participate on special committees with ultimate goal of continued earnings per share growth of at least 10% a year
  • Support new business initiatives as needed

Required Skills and Experience: 

  • Bachelor’s degree in Finance or Accounting, MBA preferred
  • 7+ years of Financial Services industry experience
  • Significant budget and forecasting experience, valuation experience, regulatory knowledge
  • Solid understanding of Capital and Liquidity planning and A/L modeling concepts, cash flow modeling techniques, and the use of fixed income and derivative pricing models
  • Proficient with all Microsoft products including Excel, Access, Word, and Power Point
  • Detail oriented with excellent analytical skills
  • Motivated self-starter and multitasker
  • Ability to work well with professionals at all levels of the organization
  • Adaptable to changing environment and time pressures
  • Excellent written, oral and interpersonal communication skills

About Versique:
Versique is a high-performance recruiting firm based in Minneapolis, MN specializing in interim solutions, direct hire, and executive leadership search. We believe people are the ultimate business advantage. Our experienced functional recruiting teams work within a variety of areas of expertise (HR, Finance & Accounting, Demand Generation, IT, and Engineering) and broad industries (Healthcare, Banking, Consumer Packaged Goods, Manufacturing, Private Equity, and Family-Owned). Voted as a “Star Tribune Best Places to Work” three years in a row by our employees, Versique is one of the largest and fastest growing staffing and recruiting firms in the Midwest. The Versique brand represents a powerful combination of “versatile” and “unique” as it hints at the concept of “search” in its pronunciation: ver-seek.

Versique is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, or veteran status, among other factors.


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Head of Treasury

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