Treasurer

Woburn, MA
Full Time
Experienced

The Treasurer will be responsible for the following functions within the Finance Team:

 

ESSENTIAL FUNCTIONS

  • Manage senior Treasury staff
  • Chair ALCO (Asset/Liability Committee) a central bank committee that seeks to maximize NII (net interest income) with respect to levels of liquidity, interest rate risk, and capital
  • Facilitate working group on Deposits, which determines deposit product interest rates and strategies
  • Oversee production of NII model and attendant uses of it and key assumptions used by it, including assessment of interest rate risk, creation of the company budget, creation of a rolling performance forecast, and determination of deposit betas, deposit lives, and loan prepayment speeds
  • Determine appropriate ALCO-related risk management guidelines
  • Edit related Board-approved policies, charters, frameworks and other related documents
  • Facilitate annual enterprise stress testing to assess capital risk
  • Manage and trade securities in the company’s securities portfolio
  • Oversee daily settlement of the bank’s cash position
  • Optimize allocation of bank collateral
  • Oversee and transact bank borrowings
  • Oversee and transact brokered deposits
  • Set FTP (funds transfer pricing) methodology and oversee performance of the bank’s FTP calculation engine
  • Create and oversee usage of the bank’s loan and relationship pricing model
  • Ad hoc analytical or reporting requests

JOB QUALIFICATIONS

  • 10+ years experience in a treasury function within a banking institution
  • Advance degree preferable
  • Solid computer skills, including MS Excel, Word, Outlook, etc.
  • Excellent communication and presentation skills
  • Strong analytical skills with a goal-oriented attitude

About Northern Bank & Trust Company

Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of $2.65 billion with 13 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender. For more information on online banking services, please visit www.NBTC.com or follow Northern Bank on Facebook (/NorthernBankM A/), Twitter (@northernbankma), Instagram (@northernbankma) and LinkedIn (company/northern-bank-ma/).

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