Director of Capital Markets

The Director of Capital Markets will be in a leadership role that is instrumental in determining the best balance sheet composition for Ent Credit Union allowing it to achieve strategic goals while maximizing relative value and managing interest rate risk. This will include buying/selling loans (either in whole loan form or in participations), managing the fixed income investment portfolio, creating pricing models, and developing derivative strategies. This position will have extensive knowledge in the capital markets including the buying and selling of securitized products and demonstrated advanced management skills in building and developing a Capital Markets team. Primary responsibilities will include supervising the secondary markets manager and the balance sheet strategist. The Director of Capital Markets will also be responsible for 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.

Essential Functions

• Measure and identify the relative value of all assets and liabilities on the balance sheet to determine which assets and liabilities the credit union should add to the balance sheet, keep on the balance sheet, and which should be sold.
• Invest excess funds in accordance with NCUA regulations, Colorado State Statutes, and credit union policies. Evaluate new investment strategies and make recommendations to the V. P. of Treasury. Track and report investment strategy performance.
• Manage the purchase, sale, and hedging of all secondary loan operations. Complete loan valuation analysis and make recommendations on what to purchase/sell and at what price.
• Complete the pre-purchase reviews and ensure all documentation is accurate. Conduct annual broker and safekeeping due diligence.
• Staff management and development. This includes developing training plans, writing annual reviews, mentoring/coaching, developing of leadership skills, ensuring/augmenting staff knowledge of credit union operations, and setting goals and objectives for staff.
• Bank Secrecy Act: Remains cognizant of and adheres to Ent policies and procedures, and regulations pertaining to the Bank Secrecy Act.

Requirements

Minimum Formal Qualifications for this Position:

• Bachelor's Degree in Business, Economics, Accounting, Finance, or a related field.
• Master's Degree in Business, Economics, Accounting, Finance, or a related field. preferred
• 8+ years' experience in ALM, balance sheet management, or investment management to include:
• 5+ years' experience within the Finance, Treasury, or a related field (preferably with a credit union).
• 4+ years' experience with investment portfolio management, loan purchases/sales and using derivatives for hedging.
• 4+ years' management experience.

Each year of relevant work experience may be exchanged for a year in a relevant degree program or vice versa. For example, a requirement of a bachelor's degree in accounting and 2+ years of account experience could be substituted for a high school diploma and 6 years of relevant accounting work experience or a master's degree in accounting and 0 years of work experience.

Technical or Specialized Knowledge/Skills:

• Knowledge of investment types, structures, and analysis.
• Knowledge of data analysis techniques and software.
• Analytical, interpretive, and evaluative skills.
• Ability to develop formulas and querying/reporting tools.
• Understanding of interest rate risk, liquidity risk, ALM, and credit risk.
• Ability to handle multiple, changing assignments/priorities.
• Ability to independently analyze complex financial results and resolve problems.
• Ability to make rational, independent business decisions using a high level of common sense.
• Verbal and written communication, organizational, and customer service skills.
• Understanding of credit union products and services.

Certifications Required:

• Chartered Fin Analyst preferred

Environmental, Physical and Psychological Requirements:

• Standing - Occasionally
• Walking - Occasionally
• Sitting - Frequently
• Lifting - Rarely (40 Lbs)
• Carrying - Rarely
• Pushing - Rarely
• Pulling - Rarely
• Balancing - Rarely
• Stooping - Rarely
• Kneeling - Rarely
• Crouching - Rarely
• Crawling - Rarely
• Reaching - Occasionally
• Handling - Occasionally
• Grasping - Occasionally
• Feeling - Occasionally
• Talking - Frequently
• Hearing - Frequently
• Repetitive Motions - Frequently
• Eye/Hand/Foot Coordination - Occasionally
• Noises louder than normal speaking volume - Occasionally
• Temperature Changes - Rarely
• Atmospheric Conditions - Rarely