Job Posting Details

SENIOR MANAGER: TREASURY & RISK ANALYTICS, Kootenay Savings Credit Union

Location:TRAIL, British Columbia
Posting Date:December 20, 2017
Closing Date:until filled
Web Site:www.kscu.com/
Competition:0133
Employment Type:Full-time / Permanent

KOOTENAY SAVINGS CREDIT UNION

Kootenay Savings, the region’s leading credit union with over $1billion in assets, over 39,000 members and over 200 employees, continues to strive to fulfill our vision:

To be the best provider of financial services and the best place to work in the communities we serve.

SENIOR MANAGER: TREASURY & RISK ANALYTICS - Trail, BC

Reporting directly to the Vice President: Finance & Chief Financial Officer, the Senior Manager: Treasury & Risk Analytics leads the management and execution of Kootenay Savings’ treasury strategy and associated processes to ensure adherence to all regulatory liquidity requirements and internal policies.  The incumbent manages all functions relative to budgets and forecasts and leads the implementation of internal controls within Treasury.  The Senior Manager: Treasury & Risk Analytics chairs and provides advice on long-term strategic interest risk management to the Asset/Liability committee and is a resource to the Board of Directors, Credit Market Risk Committee and the Executive Leadership Team.

The Senior Manager: Treasury & Risk Analytics develops and manages all Cash Management systems to optimize the cash flow for Kootenay Savings Credit Union (KSCU) and ensure the liquidity, working capital and asset sales of KSCU are within statutory and policy limits to ensure the ongoing financial strength of KSCU.  The incumbent will also monitor the potential risks in the market and interest rate environment and put processes in place to minimize the risk to KSCU.

In addition, the incumbent provides leadership and direction to the ATM & Cash Services Department to ensure efficient handling of ATM deposits, and cash management for all eleven branches.

Key Duties & Responsibilities

Develops, implements and monitors treasury strategies and policies including liquidity, lending asset sales and working capital management; ensures all reporting processes including those of a regulatory nature are completed and all trends identified and analyzed; ensures KSCU meets all external liquidity regulations and internal policy limits.

Acts as an advisor and chair to Asset/Liability Committee and facilitates complex Committee decision making through the provision of technical advice, support and recommendations on a broad range of treasury activities; identifies potential market and interest rate risk for Committee review and action, produces a variety of regular and special reports on the status of policy measurements in relation to the Strategic Plan.

Develops, implements and monitors Kootenay Savings Credit Union’s cash management function by understanding, managing, and supervising all aspects of cash flow; determines the credit union’s goals and risk tolerance; evaluates, develops and implements cash management systems to optimize efficiencies.

Supports Kootenay Savings Credit Union’s pricing function by recommending competitive pricing strategies and pricing for new products and services, conducting rate surveys, publishing treasury bulletins, and competitive pricing analysis; provides rate quotations for unusual or unique circumstances and approves discretionary pricing requests from branch staff; handles tenders for large accounts.

Supports Kootenay Savings Credit Union’s budget function by developing budgets and forecasts in consultation with the Vice President: Finance & Chief Financial Officer and with input from the Controller.

Develops and maintains a written procedure manual for all treasury related functions and communicates policies and procedures to other areas of the credit union where appropriate.

Maintains key relationships with regulatory bodies, legal advisors, and other financial institutions.

Negotiates and executes financial contracts with other financial institutions.

Provides consultation and technical advice to Finance staff in the development of finance and accounting policies, procedures, systems and practices, particularly in the areas where finance activities may impact treasury functions; keeps abreast of leading edge changes in the field of treasury management and identifies new and emerging trends for review by the Vice President: Finance & Chief Financial Officer.

Undertakes the ongoing determination of mortgages to be sold for liquidity purposes, monthly reporting of loan pool activity to Central 1 and preparation of loan pool accounting.

Works with the Finance Team and external auditors in the preparation of audited financial statements and notes (including schedules) to the financial statements for KSCU Consolidated, KSCU Non-consolidated, subsidiary companies and Kootenay Savings Community Foundation.

Acts as a resource and advisor for accounting policy developments in the area of Financial Instrument reporting and financial disclosure.

Qualifications Required

Education & Designations

· Successful completion of an undergraduate degree and an accredited professional designation (CGA, CMA, CA)

Experience

· A minimum of five years’ professional experience is required preferably with experience in dealing with securitizations and derivative products 

· Experience in creating, formulating and leading, long-term strategic plans is critical

Knowledge, Skills & Abilities

· Strong knowledge of:

  • derivative products
  • human resource policies and procedures

· Advanced knowledge of:

  • interest rate risk management methods
  • financial markets and products
  • International Financial Reporting Standards
  • spreadsheet software, and macro programming

· Advanced analytical skills

· Demonstrated ability to act creatively and be innovative in achieving goals

· Ability to develop and maintain a high degree of credibility with the board, executive, regulators and auditors

· Proven ability in exercising good judgment by making difficult decisions in a balanced way

· Requires the highest performance standards and professionalism

· Works with exceedingly tight deadlines

· Works effectively as part of a team by demonstrating a high regard and respect for colleagues and a willingness to support the efforts of others as needed

· Good communication and presentation skills

· Excellent leadership, coaching, mentoring, consensus building skills with demonstrated ability to gain commitment

OR:  EQUIVALENT EDUCATION AND/OR EXPERIENCE

You’ll be rewarded with a satisfying career in an organization that incorporates many leading-edge strategic initiatives with opportunities for supported professional growth and career advancement.  If you are a team player ready to take on an exciting challenge in a progressive, employee-focused environment, we’d like to hear from you!

Nestled in the natural beauty of the Selkirk and Monashee mountain ranges, next to the mighty Columbia River, the Greater Trail area offers year-round activities for the outdoor enthusiast from golfing to skiing, mountain biking, kayaking, fishing, hiking and much more.  Amenities include the region’s largest hospital, Selkirk College and an aquatic and leisure centre, all surrounded by inviting neighbouring communities.  Here you will find outstanding opportunities for living life well and to its fullest.

For more information about the Greater Trail region, please visit imaginekootenay.com.

For more information about Kootenay Savings, please visit www.kscu.com.

Please send resumes and covering letters by January 15, 2018 to:

HR Recruitment Advisor

Kootenay Savings Credit Union
220 – 1101 Dewdney Avenue
Trail, BC, V1R 4T1

Fax 250 368 5203

careers@kscu.com

We thank all applicants for their interest; however only short-listed applicants will be contacted.