Director of Treasury, VP

SUMMARY/OBJECTIVE:
The Director of Treasury is responsible for overseeing Asset/Liability Management (ALM) for the Bank and supporting treasury operations. This position will play a key role in executing the Bank’s strategy through the maintenance of overall corporate liquidity. Please note that the Director of Treasury position will be worked 100% onsite at our Main Office in Woburn, MA and we are unable to offer any sort of hybrid or fully-remote work arrangement.

ESSENTIAL FUNCTIONS:

• Work closely with the Treasurer to oversee treasury functions with the goal of managing the firm’s liquidity and mitigating risk to the Bank
• Conduct ALM forecasting with the support of treasury analysts and ensure results are accurate and reliable. Produce strategy recommendations based on modeling results and economic outlook. Present the results to senior management.
• Continuously perform assessments on, and seek ways to improve, existing processes as well as treasury related products, services, technologies, and systems
• Maintain and cultivate relationships with investment and wholesale funding brokers. Execute approved strategies with well-documented support.
• Assist in the Bank’s strategic planning by identifying recommendations and action plans to enhance balance sheet strategy and profitability.
• Contribute to the Bank’s budgeting and capital stress testing processes through balance sheet and net interest income forecasting.
• Oversee derivative and hedging activities.
• Ensure all treasury related policies and procedures are reviewed and maintained. This includes policies relating to cash position, treasury operations, derivative activity, liquidity, ALCO, and cashflow management reporting
• Remain current on all treasury management and banking related regulations and laws to ensure the Bank’s documents, processes, and procedures are compliant

JOB QUALIFICATIONS:

• 10+ years in financial services or banking with proven experience leading a team of financial professionals.
• ALM modeling experience is strongly preferred.
• Strong understanding of treasury management concepts in the banking industry
• Strong analytical, research, planning, and organizing skills
• Bachelor’s degree required in Finance, Business Management, or related field; advanced degree or professional designations (i.e., Certified Treasury Professional (CTP)) preferred
• High-level of proficiency in MS Office Suite (specifically Excel and other modeling tools) required
• Ability to prioritize tasks and meet deadlines in a fast-paced environment
• Strong problem-solving skills
• Critical attention to detail

The annual salary range for the Director of Treasury is $150,000 - $200,000 per year.

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 over $3 billion with 12 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 or follow Northern Bank on Facebook (/NorthernBankM A/), Twitter (@northernbankma), Instagram (@northernbankma) and LinkedIn (company/northern-bank-ma/).