What are the responsibilities and job description for the Assistant Treasurer position at Peapack-Gladstone Bank?
Peapack Private Bank & Trust is a well-recognized, high-performing boutique bank; a leader in wealth, lending and deposit solutions, capable of providing the most sought-after products and services that fulfill all of our clients' needs. We offer an innovative approach to private banking to help clients establish, maintain and expand their legacy.
What makes Peapack Private different from our competition? We are an institution that's over 100 years old that has always believed in putting the well-being and needs of our employees and our clients first. We are proud to be recognized for the sixth consecutive year, by American Banker as one of the 'Best Bank to Work For' across the nation. Our secret sauce in one word is our 'culture'. We value a diverse, equitable, inclusive and safe workspace. Our one-team culture goes to great lengths to show all employees that they are valued members of the team. We treat each other as family, and as such, communicate throughout the Bank in a transparent and frequent manner, respect and value feedback from all levels and operate with a philosophy of hospitality and general human kindness.
There are multiple way to build relationships and get involved; from joining one of our Cultural Ambassador Sub-Committees focused on our Wellness, Employee Fun, Diversity & Inclusion, or Environmental Awareness, to involvement in multiple community service activities through our Volunteerism outreach, to joining LIFT (a committee focused on enriching the lives of women - Leading Inspiring Females Together). Said quite simply, the culture is amazing!
Assistant Treasurer
Job Summary :
The Assistant Treasurer will support the Treasurer in managing the company's financial operations, including cash management, investment activities, pricing, and financial risk management. This role requires a detail-oriented individual with strong analytical skills and the ability to work collaboratively with various departments.
Key Responsibilities :
- Manage daily cash flow and ensure adequate liquidity for operational needs and regulatory requirements.
- Assist in the development and implementation of financial strategies and policies.
- Monitor and analyze financial markets to optimize investment opportunities.
- Take ownership of pricing loans and deposits, working with the Treasurer, business lines and risk department to ensure competitive and profitable rates aligned with strategic objectives. This includes :
- Maintaining and developing financial models related to loan pricing across all commercial and consumer lending products.
- Supporting relationship managers to provide clients with well-structured and appropriately priced solutions.
- Advise on loan and deposit pricing matters for all products including money markets and time deposits and the various channels used by the Bank for gathering deposits, including, retail, commercial and wealth.
- Assist in managing the bank's investment portfolio. Partner with established brokers to assist with managing the Bank's investment portfolio.
- Provide support in the preparation of presentations for senior management and the board of directors. This includes reporting packages for Asset-Liability Committee, Investment Committee and Board of Director's meetings.
- Advise on regulatory issues related to interest rate risk, capital management and liquidity management. Provide research on new regulations, their impact on the Bank, and partner with business lines to implement related changes.
- Assist with managing the Bank's derivatives portfolio including cash flow and back-to-back swap programs.
- Participate in financial audits and ensure compliance with regulatory requirements, including those set by the Federal Reserve, FDIC, CFPB, and other regulatory agencies.
Qualifications :
Benefits
Peapack Private Bank & Trust offers medical, dental, and vision coverage to full-time employees, in addition to a competitive PTO package and 401k match.
Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities
The 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)
