Assistant Treasurer
Company: Northwest Bank
Location: Columbus
Posted on: September 24, 2024
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Job Description:
DescriptionThe Assistant Treasurer is responsible for developing
quantitative/analytic models, tools, and applications in support of
the firm's interest rate and liquidity risk management efforts
while also developing and documenting theoretical model frameworks,
back testing, and implementing models prior to implementation and
throughout their lifecycle.Essential Functions* Ensure compliance
with third party vendor management practices and procedures, and
document and data integrity* Prepare management reports* Ensure
compliance with Northwest's risk appetite* Working knowledge of
interest rate curves and the impact of economic and Central Bank
activity on Northwest, and experience with interest rate
derivatives* Maximize technology tools available* Manage personal
workload/workflow* Assist in loan pricing and fund cost analysis*
Participate in the budget process particularly for the generation
of net interest income* Participate in the creation of net interest
income in any capital stress test efforts* Excellent communication
skills with bond brokers and management; capable of interpret and
explain otherwise complex concepts to members of management* Seek
continuing education opportunities* Prepare and report of asset
liability scenarios and models, and cash flow models and liquidity
stress tests* Respond to regulatory as well as internal and
external audit requests* Analyze core deposit behavior to be
utilized in model* Prepare various footnotes and schedules for
required quarterly and annual reports* Assist in the development of
analytical methods and models that assess the market, credit and/or
operational risks of new and exist financial products* Participate
in the research, design, and implementation of new financial
products or in the development of trad or hedging strategies*
Consult with practitioners, the academic community, and other
financial institutions in research the development of risk
management models for new and exist products* The development of
the theory and mathematics behind various models by collect
information based on capital markets, consumer and retail bank,
credit card, and mortgage business alignment* Review, approve model
theoretical frameworks and documentation, independent back test,
and review model developer test results, and approve any third
party model that is used by the firm for risk measurement and
management purposes* Recommend profitability increasing
alternatives, and improvements to procedures* Develop customer
service levels* Minimize departmental nonpayroll costsAdditional
Essential Functions* Ensure compliance with Northwest's policies
and procedures, and Federal/State regulations* Navigate Microsoft
Office Software, computer applications, and software specific to
the department in order to maximize technology tools and gain
efficiency* Work as part of a team* Work with on-site
equipmentAdditional Responsibilities* Complete special projects as
they're assigned.Safety and Health for Supervisors with Direct
Reports* Provide leadership and positive direction for maintaining
the safety and loss prevention program* Actively participate in and
support employee participation in the safety and loss prevention
program by ensuring that employees know how to properly report a
safety issue, making sure that all accidents are promptly reported
to Human Resources and documented, and ensuring that prompt action
is taken whenever workplace hazards are identified* Help implement
emergency proceduresQUALIFICATIONSTo perform this job successfully,
an individual must be able to perform each essential duty
satisfactorily. The requirements listed below are representative of
the knowledge, skill, and/or ability required. Reasonable
accommodations may be made to enable individuals with disabilities
to perform the essential functions.EducationBachelor's Degree in
Finance, Economics, Mathematics, Statistics or Banking AndWork
Experience8 - 12 years of related risk analytical experience in the
financial services industry8 - 12 years Fixed income securities,
derivatives or stress testing experienceGeneral Supervisory/Manager
Knowledge, Skills, and Abilities* Ability to identify existing and
potential problems, obtain and evaluate relevant information,
identify possible causes of the problems, and suggest an
alternative course of action including innovative or creative
approaches * Ability to allocate and effectively use information,
personnel, time, and other resources necessary for implementation
of Northwest's strategic plans * Ability to make decisions, render
judgments, and take action on tasks within the scope of given
authority in a timely fashion * Ability to develop, evaluate, and
implement alternative courses of action, based on correct
assumptions concerning resources and guidelines, and support
decisions or recommendations with data or reasoning * Ability to
present and express ideas and information effectively and concisely
in an oral and/or written mode in a manner appropriate for the
audience Extensive* Ability to listen and comprehend what others
are saying and facilitate the open exchange of ideas and
information * Ability to motivate and provide direction in the
activities of others, appropriately assigning work and authority,
in the accomplishment of goals; providing advice and assistance as
required * Ability to understand and appropriately apply
procedures, requirements, regulations, and policies; maintain
credibility with others on specialty matters Additional Knowledge,
Skills and AbilitiesProven ability to utilize a variety of computer
software programs and proficiency in designing new analytic models
Organizational ability Excellent computer skills Excellent
interpersonal/communication skills, analytical, and demonstrated
efficient critical thinking abilities
For candidates in Buffalo, NY, The pay range for this position is
generally $152,000 - $190,000 annually. Actual pay is based on
various factors including but not limited to the successful
candidate's experience, skills, and knowledge. Additional bonus
earning opportunities and benefits are also available.
Equal Opportunity Employer/Protected Veterans/Individuals with
DisabilitiesThe contractor will not discharge or in any other
manner discriminate against employees or applicants because they
have inquired about, discussed, or disclosed their own pay or the
pay of another employee or applicant. However, employees who have
access to the compensation information of other employees or
applicants as a part of their essential job functions cannot
disclose the pay of other employees or applicants to individuals
who do not otherwise have access to compensation information,
unless the disclosure is (a) in response to a formal complaint or
charge, (b) in furtherance of an investigation, proceeding,
hearing, or action, including an investigation conducted by the
employer, or (c) consistent with the contractor's legal duty to
furnish information. 41 CFR 60-1.35(c)
Keywords: Northwest Bank, Mansfield , Assistant Treasurer, Accounting, Auditing , Columbus, Ohio
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