Director of Treasury and Market Risk

Job Description

The Treasury and Market Risk Director is the part of the second line of defense responsible for the oversight of liquidity, market and strategic risk at Northwest. The team monitors Treasury's deployment of the firm's financial resources, ensuring that risks and trade-offs are appropriately identified, measured, controlled, and reported. Treasury and Market Risk works with the other Risk & Compliance functions impacted by Treasury including Credit, Operational and Model Risk to understand a holistic risk profile of the business' risk taking.

The Treasury and Market Risk Officer in conjunction with ERM has the mandate to drive the design and operation of the 2LOD's Treasury and Market Risk oversight framework, including policies, governance, procedures, standards, reports, practices, internal controls to promote effective risk oversight, in alignment with firm's standards and regulatory requirements. The role will be an integral part of the risk management team and is expected to engage with senior business and risk leaders to influence Treasury related risk management activities and decisions, and to support our mission through risk-based and data-driven decision making.

Essential Functions

• Manage Treasury and Market Risk including the oversight of liquidity risk, interest rate risk, and capital risk.
• Improve and participate in the development/refinement of Treasury and Market Policies, Procedures and Standards. Ensure appropriate elevation of polices to management vs board-level committees and annual review process is executed.
• Partner with Treasury and senior management to identify emerging Treasury, Market, ALM, liquidity, interest rate, and capital risks and conduct analysis. Ensure appropriate escalation and visibility to management and risk committees, including Board.
• Evolve and provide oversight and independent challenge of significant Treasury and Market processes and assumptions to ensure that the line of business has an effective control framework and control gaps are identified and remediated in an appropriate time frame.
• Evolve, review, and challenge risk appetite and limit proposals. Ensure limits and controls in place are robust and drive risk appetite adherence to enterprise metric standards.
• Establish and conduct 2LOD oversight of stress testing and projection methodologies, processes, and governance
• Own and formalize 2LOD oversight routines for capital calculation methodologies and capital planning consistent with regulatory frameworks and business strategy
• Review and challenge both the documentation, soundness and testing of the Contingency Funding Plan, including aspects related to contingency capital and business continuity plans
• Develop and perform ongoing risk monitoring, analysis, and reporting on interest rate risk profile, considering changes in business mix, industry trends, financial markets, and regulatory requirements
• Manage the independent risk management assessment of funding and liquidity management functions and evaluate the effectiveness of liquidity risk management strategies based on quantitative and qualitative analytics, including methods and models used to manage liquidity contingency capital and business continuity plans.
• Monitor compliance with all relevant policies, including, but not limited to Funding and Liquidity Management, Market Risk, Investing and Borrowing
• Review and challenge the production of scenarios, in connection with ALM Committee and regulatory guidance
• Review and challenge the bank’s funding needs analysis and funding recommendations
• Assist in the development and enhancement of consolidated reporting that includes additional sensitivity measures and stress testing, with consistent aggregation and integration across the organization
• Maximize technology tools available
• Control and minimize departmental non-payroll costs
• Manage work hours and FTE’s to control costs

Additional 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 equipment

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 procedures

QUALIFICATIONS
To 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.

Education
Bachelor's Degree Accounting / Business finance / Related degree

Work Experience
8 - 12 years Banking or regulatory experience

General 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
• 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 Abilities
Team player
Strong organizational and communication / persuasive skills
Ability to analyze financial data and statistics
Thorough knowledge of commercial lending concepts
Awareness of business legal environment, credit market, and strategic risks

Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.