Assistant Vice President, Treasury

Why DUCA

Were a vibrant exciting credit union that lives its profits with a purpose philosophy in every financial transaction product interest rate and community initiative we offer. Founded in 1954 DUCA has grown from a single branch credit union in Toronto to 19 branches across Southern Ontario with over 85000 Members we are proud to serve.

We exist to help People Businesses and Communities Do More Be More and Achieve More.

DUCA () is distinguished for the following:

• Positive un-big bank like service experience delivered through Member-facing staff in branch on the phone (Member-Connect) and via our Mobile mortgage specialists Wealth Management advisors and Commercial and Business Banking Account Managers.
• Competitive rates.
• Personalized financial solutions guidance and service with the lowest possible fees for both Personal and Business Members.
• Profit sharing among Members.
• Multiple ways to bankonline mobile app phone/full-service Member Connect Contact Centre and of course in-branchDUCA is accessible 24/7
• A community philosophy of profits with a purpose culminating in the creation of the DUCA Impact Lab () a charitable foundation committed to helping the credit challenged and underbanked. This led to DUCAs designation as a B-Corp certified organization the first ever credit union to receive this global recognition.

A career with DUCA means youll find endless opportunities to make a difference with your unique abilities and perspectives. Our people live their purpose while helping others Do more Be more and Achieve more with their money and their lives. At DUCA youll be part of a vibrant and collaborative team where youll be supported to excel and make an impact no matter what role you play.

Assistant Vice President Treasury

DUCA is looking for anAssistant Vice President Treasuryto join our growing team!

Job Purpose & Summary

While leading DUCAs Treasury function the AVP Treasury is responsible for executing strategies and tactics that ensure compliance with current policies while proactively identifying and recommending enhancements that support the companys growth and evolving business needs. This role requires continuous monitoring and reporting of real-time market dynamics and economic trends to inform decision-making. The AVP Treasury ensures that balance sheet and liquidity policies remain aligned with the companys risk appetite and strategic objectives while also driving the execution of a forward-looking Treasury strategy that supports long-term financial resilience and operational agility.

The AVP Treasury will help DUCA achieve its strategic objectives by introducing improvements to treasury performance and risk analytics spanning capital Asset Liability Management (ALM) and liquidity initiatives. With a focus on department wide process and procedure improvements the AVP Treasury will lead and support key initiatives and improvement in reporting and communications to internal and external stakeholders including senior management Board regulator rating agencies and investors.

Key Accountabilities & Duties

• Leads by example: consistently demonstrates DUCAs values of Bringing out the best in others Doing whats right even when its difficult and Making whats possible happen
• Collaborate with Treasurer to support the development and implementation of the treasury strategy and contribute to the overall development of the department commensurate with DUCAs growth and evolving complexity. Execute on strategic treasury initiatives as needed including funding strategies capital optimization initiatives capital raising initiatives balance sheet transactions rating agency presentations merger and acquisition activities and financing and securitization
• Monitor relevant market and/or regulatory trends that may impact DUCA and develop solutions or strategies to mitigate potential risks
• Lead and direct Treasury team ensuring annual and long-term direction is understood and objectives met; create and implement short- and long-term resourcing plans to support DUCAs ongoing growth and development
• Identify opportunities and lead the analysis and execution of treasury / balance sheet transactions to support the funding asset-liability management (ALM) of the Credit Union and the generation of economic returns
• Ensure treasury department activities are in compliance with treasury policies accounting guidelines governance policies and internal controls
• Within designated limits manage cash and investment portfolios; oversee cash management banking as well as implementing new bank technologies products and services to improve the cash cycle
• Oversee liquidity management by reviewing daily cash flow reports and outstanding borrowings; evaluate and act on investment recommendations from the Liquidity Team to optimize short-term cash deployment and ensure sufficient working capital availability
• Lead short and medium-term cash forecasting process and analysis to ensure visibility predictability and access to liquidity
• Facilitate the preparation of the monthly Asset Liability Committee (ALCO) package
• Lead oversight of the third-party vendor responsible for developing DUCAs interest rate risk model(s); critically evaluate model assumptions challenge methodologies and ensure timely documentation of assumption changes within ALCO in response to evolving market conditions and business objectives
• Participate in liquidity discussions with the Executive Leadership Team around leading indicators related to current Liquidity Level per the Liquidity Contingency Plan (LCP)
• Operationalize improve and manage the capital and liquidity stress-testing process and prepare the Internal Capital Adequacy Assessment Plan report for the Board and regulator
• Assess and manage the foreign currency risk management program including exposure identification and determination of hedging strategies
• Oversee and manage the securitization program ensuring compliance with policy limits
• Act as key pivot point and relationship management contact with:
  • Banks finance companies and rating agencies
  • Asset/portfolio managers in the management of HQLA and other investment portfolio(s) as appropriate
  • Third parties for wholesale and other funding sources.
• Assist the Treasurer with projects and analysis; prepare related business cases and presentations for review by internal and external stakeholders
• Attend ALCO meetings to present and effectively communicate Internal Capital Adequacy Assessment Process (ICAAP) and Internal Liquidity Adequacy Assessment Process (ILAAP) results and analyses.

Occupational Experience & Education Requirements

• Bachelors degree in Accounting Economics Finance or a related field required
• 8 years progressive experience managing internal treasury functions and teams within the financial services industry including interest rate risk analysis liquidity management securitization and stress-testing
• Minimum 5 years of people management experience with senior level leadership experience preferred
• EMBA or MBA an asset
• Certified Treasury Professional (CTP) designation an asset
• Professional designation (CA CGA CMA / CPA CFA) an asset

Knowledge Skills & Attributes

• Seasoned professional with in-depth financial services market and product knowledge
• Advanced skills in capital markets financial instruments (eg: REPO swaps investment analysis management and decisioning) debt instruments financial analysis ALM balance sheet management securitization and accounting
• Strong working knowledge of Bloomberg Terminal with the ability to navigate and apply its features to support Treasury operations and market monitoring; including using its tools for market analysis financial data retrieval and decision support.
• Demonstrated leadership abilities with proven experience in leading motivating and developing a high-performance team
• Strategic thinker with strong business acumen to see the big picture and identify emerging risks and opportunities
• Proficiency in Microsoft Office suite with advanced Excel skills
• Highly developed written and verbal communication skills
• Exceptional financial modeling and data driven decision-making skills
• Exceptional organizational skills with the ability to work independently and effectively to meet deadlines
• Ability to prioritize and handle multiple strategic or tactical initiatives concurrently
• Highly analytical and detail-oriented
• Strong interpersonal negotiation and relationship management skills
• Ability to identify assess and manage risks while meeting business objectives

Working Conditions

Normal office environment; may require extended hours in preparation for quarterly board meetings and special projects.

Department: Finance

Primary Location: Corporate Office - 5255 Yonge Street North York M2N 6P4

Employment Status: Full-Time

Hours per Week: 38

Salary: The annual salary range for this position starts at $113128. Actual annual base salaries will vary depending on relevant job-related factors such as experience knowledge skills qualifications and education/training. Depending on the position DUCAs total compensation package may include incentive compensation tied to company and individual performance or other benefits.

DUCA is committed to employment equity and encourages applications from all qualified candidates. Recruitment related accommodations will be provided upon request.

Qualified applicants are encouraged to submit their application.Applications must include a resume.

We thank all applicants but only those considered for an interview will be contacted.