Vice President Treasury - Jobs in North Vancouver

Job Description

Vice President, Treasury The Vice President, Treasury works in partnership with our Executive Leadership Team (ELT) and plays a significant role in strategic decision-making and supporting our corporate results. This role will take on much more than just liquidity and the ideal candidate will innately want to be more than a cog in a wheel. The role will provide meaningful work in a challenging economic environment. Due to the wide scope of the position, almost all candidates will see career development and professional growth by taking on this role. The role is responsible for the recommendation and implementation of asset and liability management strategies as they pertain to liquidity, interest rates, capital and credit and foreign exchange. The preferred candidate will have exposure to regulators (BCFSA, OSFI, FSRA).BlueShore Financial is a mid-sized Credit Union in British Columbia, with $7 billion in assets under administration and has seen continued growth year over year. We have a compelling and differentiated brand that resonates with the West Coast community we serve. With over 80 years in the financial services industry, we have grown from a community credit union to a thriving financial boutique. Thanks to our innovative strategy, rooted in expert advice and expertise, we continue to sustain excellent financial performance and receive high client satisfaction scores that outpace our competitors.BlueShore Financial has embraced digital transformation and are committed to hybrid/flexible work options. Many of our head office roles, including the VP Treasury position, provide significant flexibility to complete the vast majority of work from a home office. Although not entirely remote, you will only need to commute to our head office one or two days a week. We will consider relocation if you are not currently located in the lower mainland of British Columbia.Key responsibilities of this role are:

• Responsible for the daily management of all aspects of liquidity management, including daily cash positioning, optimizing liquidity portfolio yield, and investment of statutory and surplus liquidity.
• Oversees the asset/liability management processes including swaps and balance sheet exposures, ensuring that the portfolio is managed in conjunction with overall interest rate risk limits.
• Ensures that BlueShore Financial is adequately capitalized both currently and with respect to future strategic initiatives.
• Establishes and maintains investment and commercial bank relationships. Manages external borrowing facilities and negotiates terms and conditions for new and renewing facilities; ensures compliance with covenants and collateral requirements.
• Responsible for the development of the financial margin for forecasting, budgeting and strategic planning.
• Maintains and initiates improvements to treasury plans to ensure compliance with regulatory requirements and BlueShore’s strategy.
• Directs regular stress testing and incorporates findings into plans and procedures; taking corrective measures as required.
• Reports on risk indicators and maintains enterprise-wide risk assessment relating to liquidity, capital, and derivatives. Reports at least monthly to management committees and quarterly to Board committees.
• Proactively coaches and develops employees in the Treasury team to assist them in achieving career success and growth.
• Manages direct reports; participates in the recruitment and selection of new staff; develops individual objectives to meet branch/department goals

Qualifications and Experience

• Bachelor’s Degree
• Accounting (CGA, CMA or CA), CFA and/or Treasury Designation
• Seven to ten years in the Financial Services Environment preferably in the area of Treasury with specific focus on Capital, Derivatives, ICAAP, ALM ,Swaps and Securitization
• Experience with federally regulated financial institutions (FRFIs), including exposure to OSFI regulatory framework is preferred

Pay TransparencyPay transparency is an important characteristic of our recruitment process and overall BlueShore culture which supports a diverse, equitable and inclusive workforce.The target range of this role is $165,000 - $204,000/year, plus a competitive performance bonus. Employment offers are determined by knowledge, experience and internal equity.What BlueShore Financial can provide you:

• 5 weeks of paid vacation to start, plus paid personal and wellness days
• Hybrid flexibility - One or two days a week in-office
• A organizational bonus program which pays a variable reward linked to personal and organizational achievements
• Continuing education assistance
• Comprehensive Total Rewards Program including bonuses, pension, flexible benefits
• Opportunity to be involved in strategic decision making

What BlueShore Financial needs from you:

• Recognize the strength that diversity, equity and inclusion brings
• Forge relationships with colleagues for strong collaboration
• Provide a premium level of service to all clients, internal and external
• Communicate effectively and professionally
• Exhibit a growth mind-set
• Strive for continuous learning
• Be a proactive thinker and problem solver
• Demonstrate digital excellence
• Be accountable for the risk responsibilities in your area

Be Richly Valued. At BlueShore Financial, our employees are as important as our clients. We strive to create a workplace culture of openness, empowerment, trust and passion. We are building an even stronger and better BlueShore by incorporating the values of diversity, equity and inclusion into our everyday practices. We believe in being curious, asking questions, and seeking to understand and embrace our differences. Our values unite our organization and are our guiding compass, but it is our exceptional employees that bring our corporate values to life. They are passionate about delivering exceptional client service and a banking experience that promises to impress.From the moment you walk into one of our Financial Spas™, you’ll know you’ve arrived at a special place, where all the elements work together to stimulate the senses and create a distinctive atmosphere unlike any financial institution you’ve experienced. We embrace the West Coast lifestyle, while providing a premium and sophisticated experience for our clients and employees.Got awards At BlueShore Financial, we are constantly innovating, connecting and improving to deliver exceptional client and employee experiences. As a result, we have grown to become an award-winning organization, garnering both local and national attention for our progressive practices. We #39;ve been formally recognized as one ofquot;Canada #39;s Most Admired Corporate Cultures quot; by Waterstone Human Capital.BlueShore Financial is strongly committed to fostering diversity within our community. We welcome those who would contribute to the further diversification of our organization, but not limited to, women, visible minorities, Indigenous people, persons with disabilities and persons of any sexual orientation or gender identity. If you require accommodation during the recruitment process, please let us know and we will work with you to meet your needs.We respectfully acknowledge that our services are provided on the unceded territories of the Lil’wat7ul (LíỈwat), xʷməθkʷəỷəm (Musqueam), Sḵwx̱wú7mesh (Squamish) and SəỈílwətaʔ/Selilwitulh (Tsleil-Waututh) Nations.