Director Balance Sheet Strategy and Capital Markets

Members Achieve More isn't just a tagline for us, it's part of everything we do! We're looking for passionate individuals to join our team to help us maintain that focus every day. Want to work somewhere that's remained strong for 90 years, that encourages you to learn, grow, and pursue your dreams? If yes, then read on...

The Director of Balance Sheet Strategy & Capital Markets will play an instrumental role in shaping our organization’s financial strategy by formulating and executing balance sheet optimization strategies to achieve strategic goals while maximizing relative value and managing risk. The main area of responsibility includes buying/selling loans (either in whole loan form or in participations), managing all aspects of the investment portfolio, and develop derivative strategies for hedging. The ability to work with a high degree of independence is required, as well as the ability to exercise strong judgement.

Schedule: Monday - Friday, 8:00am -4:00pm.

This position will be a hybrid model both in person and remote with minimum of onsite expectation of 60% or as needed.

In this position, you will

• Balance Sheet Optimization & Execution: Measure and evaluate the relative value of all assets and liabilities on the balance sheet to determine the optimal asset allocation within the overall financial risk management framework. Develop and execute strategies related the investment portfolio, buy/sell loans (either in whole loan form or in participation), and funding strategies.
• Investment Portfolio Management: Evaluate new investment strategies and make recommendations to the AVP of Strategic Finance & Planning. Track and report investment strategy performance. Complete the pre-purchase reviews and ensure all documentation is accurate. Conduct annual broker and safekeeping due diligence.
• Loan Purchase & Sales: Oversee and manage all loan trading activities related to PSECU’s Mortgage, Home Equity, Auto, and Consumer Loan portfolios. Complete loan valuation analysis and make recommendations on what to purchase/sell and at what price. Manage the purchase, sale, and hedging of all secondary loan operations.
• Financial Risk Management: Oversee ALM process and monitor PSECU’s aggregate financial risk to include interest rate risk, liquidity risk, and risk to net worth. Serve on the Management Asset/Liability Committee by facilitating the presentations, discussing balance sheet strategy and making recommendations.
• Capital Planning & Stress Testing: Develop, plan, and coordinate a capital planning and stress testing program aligned with regulatory requirements, and address gaps as needed.
• Strategic Leadership: Guiding staff in developing reports, models, and methodologies as well as supervising team members for day-to-day tasks and performing annual staff performance reviews / mentoring / coaching. Responsible for development and implementation of credit union policies and procedures related to area of responsibility and ensuring an effective system of internal controls.
• Other duties as assigned.
  
  

Qualifications: Required & Prefer

Bachelors

Reasonable accommodation may be made to enable a qualified individual with a disability or disabilities to perform the essential duties and responsibilities of the job.

Physical Demands And Sensory Abilities

Repetitive movement of hands and fingers (e.g. typing, writing).

Lifting and carrying containers weighing as much as 20-30 pounds (e.g. to/from building and vehicle to a storage area).

Sitting for long periods of time (e.g. at a desk, in meetings).

Ability to reach above, at, and below the waist.

Ability to reach above, at, and below shoulder level.

Occasional bending, kneeling, stooping and/or squatting.

Visual acuity.

Auditory acuity.



LI-Hybrid