Dir, Treasury & Market Risk

Zions Bancorporation is one of the nations premier financial services companies operating as a collection of great banks under local brands and management teams in high-growth western markets. Zions is regularly recognized by American Banker magazine as having a top banking team in its list of The Most Powerful Women in Banking. Our customers consistently vote us as the best bank in our local markets. We value our employees and we are committed to search out recognize and create fulfilling opportunities for outstanding people within our organization rewarding them for their contributions to our success. We recognize that banking is a local business and that to be successful we must have very strong ties to the communities we serve and strong relationships with our customers.

With benefits starting on day one 12 bank holidays profit sharing and company-matched 401(k) contributions Zions is dedicated to being an employer of choice in our communities. At Zions the possibilities are endless. You bring the talent; we bring the opportunity.

Zions Bancorporation is seeking an experienced Director Treasury & Market Risk to support second-line risk management activities related to the Banks Treasury function. This role provides independent oversight of Treasury activities includingbut not limited toasset-liability management (ALM) funding liquidity and investments to ensure alignment with the Banks overall risk appetite.

The Director will independently oversee Corporate Treasury strategies and operations assess related market and liquidity risks and partner with first-line Treasury teams to identify monitor and remediate risk exposures. This includes daily review of Treasury positions against policy-defined risk limits and escalation of issues as needed.

Role Summary

Reporting to the Head of Market & Liquidity Risk this position is part of the Banks Market & Liquidity Risk team a second-line function reporting to the Chief Risk Officer (CRO). The team provides independent oversight of interest rate risk liquidity risk and price risk arising from first-line Treasury and Capital Markets activities.

As part of the independent market risk control function the Director will collaborate with first-line Treasury teams to ensure front-office analytics controls and risk management practices are effective well-governed and compliant with current and evolving regulatory requirements.

Key Responsibilities

The Director Treasury & Market Risk is responsible for overseeing risks arising from Treasury activities and for managing the associated control framework including risk limits. This is a leadership role that will continue to evolve as the Bank expands its Treasury and Capital Markets activities and as regulatory expectations grow.

Core responsibilities include:

Governance and Oversight

• Ensure Corporate Treasury activities are governed in accordance with the Banks Risk Management Framework (RMF) and applicable policies.
• Independently monitor and report risks related to Treasury activities including interest rate balance sheet funding and liquidity risk.
• Review Treasury risk positions and partner with first-line teams to remediate limit breaches or other risk exceptions.

Risk-Specific Oversight

• Liquidity Risk
  • Monitor liquidity positions and stress testing results.
  • Assess funding strategies and liquidity impacts.
  • Provide independent review of liquidity risk measurement and stress-testing methodologies.
• Balance Sheet / Interest Rate Risk
  • Independently assess balance sheet risk exposures.
  • Review ALM strategies to ensure consistency with the Banks strategic objectives and risk appetite.
  • Provide perspectives on balance sheet optimization and impacts to profitability and capital.
• Investment Portfolio Risk
  • Partner with investment portfolio managers to evaluate performance risk exposures and risk-adjusted returns as needed.
• Funding Risk
  • Provide independent evaluation of funding strategies and funding sources highlighting risk-return trade-offs.

Risk Appetite Regulatory and Stakeholder Engagement

• Partner with Corporate Treasury to clearly communicate risk appetite and support adherence to established limits.
• Serve as a subject matter expert on regulatory governance and supervisory expectations related to balance sheet funding and liquidity risk.
• Independently review Treasury-related policies and procedures for compliance with current and evolving regulatory standards including expectations applicable to Category IV (CAT IV) banks.
• Act as an independent advisor and sounding board to Corporate Treasury leadership.

Collaboration and Leadership

• Partner with Enterprise Finance and other second-line Risk Management teams to ensure alignment with financial and regulatory requirements.
• Participate in Bank risk management committees as required.
• Manage 12 direct reports within the second-line Market Risk team who currently provide market and liquidity risk oversight.

Qualifications

• Bachelors degree in a quantitative finance economics or business-related field.
• 1015 years of experience in financial services including leadership experience in Treasury market risk or a closely related function.
• Demonstrated expertise in liquidity risk funding risk ALM and bank investment portfolio management.
• Strong experience in ALM modeling balance sheet management and balance sheet optimization.
• Excellent communication skills with the ability to interact effectively with executive leadership regulators auditors and front-line Treasury professionals.
• Relevant professional certifications (e.g. FRM CFA) are a plus.

Located in the heart of downtown Salt Lake City the Zions Bank Building serves as the headquarters of both Zions Bancorporation and Zions Bank. The building sits adjacent to City Creek Center a world-class shopping and dining destination with more than 100 stores and restaurants. The Zions Bank Building stands tall among Salt Lake Citys central business district providing hundreds of team members with an exceptional work environment and features such as:

• Easy access to the City Creek UTA TRAX station as well as various electric vehicle charging stations in most City Creek area garages;
• An employee-only fitness center and bike storage;
• An employee lounge kitchen micro market game tables couches and TVs;
• Private mothers rooms and lockers; and
• Access to downtown shopping dining arts and entertainment.