Director of Capital Markets

Company Description

Ent Credit Union exists to improve the financial quality of life of the people we serve. This mission drives us every day, but we are more than our mission. We're also individuals using our unique abilities to make our organization, and the communities we serve, better than they were yesterday. We're a not-for-profit that puts people above profits and actively invests in our community. Our rapidly growing team is expanding our reach to serve more people throughout Colorado. To spread our mission far and wide, we need people like you. If you're interested in a paycheck with a purpose, apply with us today. Our people make a difference and, though it sounds cliche, we truly believe you are our greatest asset.

Job Description

The Director of Capital Markets will be instrumental in determining the best asset mix for Ent Credit Union to achieve strategic goals while maximizing relative value. This will include buying/selling loans (either in whole loan form or in participations) managing the investment portfolio and developing derivative strategies. This position will review and propose investment purchases and sales and complete pre-purchase reviews to ensure all documentation is accurate. The Director of Capital markets will drive the purchase and sale process for loan participation and ensure lending reviews for underwriting are compliant with internal policies. This position will have extensive knowledge in the capital markets and demonstrate advanced management skills in building and developing the 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.

Qualifications

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 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 accounting 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, organiz