Municipal Credit Union
About MCU
At Municipal Credit Union, we believe that an incredible culture helps create a happy and motivated team that works hard to achieve the best results for themselves and their members. For more than 100 years, MCU has provided affordable financial products and convenient services to a membership base that is now comprised of over 600,000 individuals. With each new generation we have the pleasure of interacting with, we maintain the credit union promise of people helping people.
Our Mission To help hard-working New Yorkers build better tomorrows
Our Vision Be New York's most loved financial institution by helping our members build their best financial futures
Overview The Treasury Senior Analyst is responsible for the day to day execution of balance sheet management operations, including cash management, interest rate and liquidity risk management, investments, capital markets and banking relations and compliance. Supports treasury-related financial reporting and cash management planning. The Treasury Senior Analyst is part of the Finance team, reporting to the Treasury Director.
Responsibilities Specific duties include, but are not limited to, the following:
Cash and Liquidity Management
Cash flow forecasting, liquidity planning, liquidity ratio analysis and investment strategies.
Daily cash positioning, including sweeping funds between cash accounts to maximize interest income.
Debt and Capital Management
Support the credit union’s borrowing programs with the Federal Home Loan Bank of New York, Federal Reserve and corporate credit unions.
Support non-member deposit funding programs.
Maintain strong relationships with lenders and financial institutions.
Risk Management
Support the Treasury Director in the monitoring and mitigation of financial risks, including interest rate, liquidity and credit risks.
Support the credit union’s derivative hedging program.
Ensure compliance with internal policies and regulatory requirements.
Investment Management
Support the Treasury Director in the management of the credit union’s cash and investment portfolio to maximize returns while maintaining liquidity.
Monitor and report on market trends and economic indicators.
Treasury Operations
Maintain relationships with liquidity providers and banking service providers.
Leverage tools such as ERP systems, treasury management systems, and data visualization platforms to enhance decision-making and tracking of KPIs.
Leverage automation and technology integration to streamline treasury processes.
Maintain policies and procedures that impose an adequate level of control over treasury activities and provide support for regulatory reporting.
Support pricing strategies for loan and deposit products. Analyze market trends, interest rates and competitor offerings to determine competitive and profitable pricing structures.
Support the credit union’s secondary marketing program, including loan participation purchases and sales. Prepare reporting on the portfolio of loan purchases.
Ensure the application of appropriate internal controls, compliance and financial procedures.
Prepare reports that include key financial metrics and performance indicators, analyzing trends and identifying areas for improvement or risk mitigation.
Collaborate with the peers in Accounting & Finance when treasury related expertise is required.
Support the Treasury Director by preparing monthly reporting and analysis for management and board reporting, as well as all ALCO reports.
Serve as the day to day tactical liaison for advisory firms engaged by the credit union in support of ALM and Investment strategies.
Provide support as requested by regulatory examiners, external and internal auditors in matters pertaining to asset liability management.
Oversee the preparation of ALM analytics prepared by third party advisory firms.
Other Responsibilities
Participate in the monthly, quarterly, and annual forecasting process.
Support pricing strategies for loan and deposit products. Maintain pricing models, analyze market trends, interest rates and competitor offerings to determine competitive and profitable pricing structures.
Review and ensure application of appropriate internal controls, compliance and financial procedures.
Perform other related duties as requested and special projects as assigned
Requirements Education:
Bachelor’s degree in finance, accounting, or a related field.
Experience:
4-5+ years of progressive experience in finance.
A minimum of 2 years in a treasury position at a similarly sized bank or credit union.
Knowledge/Aptitude:
In-depth knowledge of asset liability management principles and stress testing methodologies.
Working knowledge of planning and treasury management systems.
Understanding of the economy and interest rate markets.
Strong understanding of bank treasury concepts, with the ability to interpret and apply regulatory guidelines effectively.
Excellent analytical skills and attention to detail, with the ability to analyze complex financial data and draw actionable insights.
Adept at developing ad hoc complex models in Excel when third party models cannot be used.
Adept at driving results in a collaborative environment.
Exceptional communication and interpersonal skills, with the ability to articulate financial concepts to diverse audiences and influence decision-making processes.
Strategic mindset and forward-thinking approach, with the ability to anticipate challenges and develop proactive solutions.
Why you'll be a good fit Our Core Values are an integral part of who we are and who we hire. By living our Core Values, every day, we continue to attract the best and brightest talent, achieve unsurpassed results and continuously challenge ourselves to be better than yesterday. These values are at the heart of our organization and within every teammate. To be a great fit, you’ll bring the following
Results
- We are passionate about winning.
Agility
- We proactively anticipate, respond and pivot to ensure MCU wins.
Integrity - We operate with the highest ethical standards and highest degree of honesty.
Belonging - We cultivate a culture of inclusion and teamwork.
Ownership - We take personal responsibility and hold ourselves accountable for the results.
What we can offer you Competitive compensation, medical and dental benefits.
401K with employer match
Flexible paid time off
Please note that the pay range provided is a good faith estimate for the position at the time of posting. Final compensation may vary based on factors including, but not limited to knowledge, skills and abilities, as well as geographic location. Incentives and/or benefits packages may vary depending on the position.
Municipal Credit Union (MCU) is an Equal Opportunity Employer. Municipal Credit Union provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by applicable federal, state or local laws.
We are committed to hiring, training, cultivating, promoting, and celebrating an environment where we have a welcoming and fulfilling place for all people to call home. Diversity of race, thought, sexual orientation, age, veteran status, religion, and disability will empower us to thrive as individuals, as teams, and as an organization.
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Our Mission To help hard-working New Yorkers build better tomorrows
Our Vision Be New York's most loved financial institution by helping our members build their best financial futures
Overview The Treasury Senior Analyst is responsible for the day to day execution of balance sheet management operations, including cash management, interest rate and liquidity risk management, investments, capital markets and banking relations and compliance. Supports treasury-related financial reporting and cash management planning. The Treasury Senior Analyst is part of the Finance team, reporting to the Treasury Director.
Responsibilities Specific duties include, but are not limited to, the following:
Cash and Liquidity Management
Cash flow forecasting, liquidity planning, liquidity ratio analysis and investment strategies.
Daily cash positioning, including sweeping funds between cash accounts to maximize interest income.
Debt and Capital Management
Support the credit union’s borrowing programs with the Federal Home Loan Bank of New York, Federal Reserve and corporate credit unions.
Support non-member deposit funding programs.
Maintain strong relationships with lenders and financial institutions.
Risk Management
Support the Treasury Director in the monitoring and mitigation of financial risks, including interest rate, liquidity and credit risks.
Support the credit union’s derivative hedging program.
Ensure compliance with internal policies and regulatory requirements.
Investment Management
Support the Treasury Director in the management of the credit union’s cash and investment portfolio to maximize returns while maintaining liquidity.
Monitor and report on market trends and economic indicators.
Treasury Operations
Maintain relationships with liquidity providers and banking service providers.
Leverage tools such as ERP systems, treasury management systems, and data visualization platforms to enhance decision-making and tracking of KPIs.
Leverage automation and technology integration to streamline treasury processes.
Maintain policies and procedures that impose an adequate level of control over treasury activities and provide support for regulatory reporting.
Support pricing strategies for loan and deposit products. Analyze market trends, interest rates and competitor offerings to determine competitive and profitable pricing structures.
Support the credit union’s secondary marketing program, including loan participation purchases and sales. Prepare reporting on the portfolio of loan purchases.
Ensure the application of appropriate internal controls, compliance and financial procedures.
Prepare reports that include key financial metrics and performance indicators, analyzing trends and identifying areas for improvement or risk mitigation.
Collaborate with the peers in Accounting & Finance when treasury related expertise is required.
Support the Treasury Director by preparing monthly reporting and analysis for management and board reporting, as well as all ALCO reports.
Serve as the day to day tactical liaison for advisory firms engaged by the credit union in support of ALM and Investment strategies.
Provide support as requested by regulatory examiners, external and internal auditors in matters pertaining to asset liability management.
Oversee the preparation of ALM analytics prepared by third party advisory firms.
Other Responsibilities
Participate in the monthly, quarterly, and annual forecasting process.
Support pricing strategies for loan and deposit products. Maintain pricing models, analyze market trends, interest rates and competitor offerings to determine competitive and profitable pricing structures.
Review and ensure application of appropriate internal controls, compliance and financial procedures.
Perform other related duties as requested and special projects as assigned
Requirements Education:
Bachelor’s degree in finance, accounting, or a related field.
Experience:
4-5+ years of progressive experience in finance.
A minimum of 2 years in a treasury position at a similarly sized bank or credit union.
Knowledge/Aptitude:
In-depth knowledge of asset liability management principles and stress testing methodologies.
Working knowledge of planning and treasury management systems.
Understanding of the economy and interest rate markets.
Strong understanding of bank treasury concepts, with the ability to interpret and apply regulatory guidelines effectively.
Excellent analytical skills and attention to detail, with the ability to analyze complex financial data and draw actionable insights.
Adept at developing ad hoc complex models in Excel when third party models cannot be used.
Adept at driving results in a collaborative environment.
Exceptional communication and interpersonal skills, with the ability to articulate financial concepts to diverse audiences and influence decision-making processes.
Strategic mindset and forward-thinking approach, with the ability to anticipate challenges and develop proactive solutions.
Why you'll be a good fit Our Core Values are an integral part of who we are and who we hire. By living our Core Values, every day, we continue to attract the best and brightest talent, achieve unsurpassed results and continuously challenge ourselves to be better than yesterday. These values are at the heart of our organization and within every teammate. To be a great fit, you’ll bring the following
Results
- We are passionate about winning.
Agility
- We proactively anticipate, respond and pivot to ensure MCU wins.
Integrity - We operate with the highest ethical standards and highest degree of honesty.
Belonging - We cultivate a culture of inclusion and teamwork.
Ownership - We take personal responsibility and hold ourselves accountable for the results.
What we can offer you Competitive compensation, medical and dental benefits.
401K with employer match
Flexible paid time off
Please note that the pay range provided is a good faith estimate for the position at the time of posting. Final compensation may vary based on factors including, but not limited to knowledge, skills and abilities, as well as geographic location. Incentives and/or benefits packages may vary depending on the position.
Municipal Credit Union (MCU) is an Equal Opportunity Employer. Municipal Credit Union provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by applicable federal, state or local laws.
We are committed to hiring, training, cultivating, promoting, and celebrating an environment where we have a welcoming and fulfilling place for all people to call home. Diversity of race, thought, sexual orientation, age, veteran status, religion, and disability will empower us to thrive as individuals, as teams, and as an organization.
#J-18808-Ljbffr