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Live Oak Bank · 1 week ago

Assistant Treasurer

Wilmington, NC

Full-time

Onsite

Senior Level

$170K/yr - $236K/yr

7+ years exp

Live Oak Bank is a digital bank focused on serving small business owners across the country. The Assistant Treasurer will manage daily and strategic liquidity management, oversee the investment portfolio, and lead capital planning and stress testing processes while collaborating with various stakeholders to maintain a resilient balance sheet.

BankingCreditFinancial ServicesLending

Growth Opportunities

Responsibilities

Own daily, weekly, and monthly liquidity positioning and forecasting, including cash flow projections, wholesale funding plans, and operational liquidity buffers

Optimize funding mix across core deposits, brokered deposits, FHLB and Federal Reserve capacity, correspondent lines, and capital markets alternatives

Maintain and monitor internal liquidity metrics (e.g., coverage ratios, stress outflows) and ensure alignment with risk appetite and policy limits

Prepare materials and recommendations for ALCO on liquidity strategy, contingency funding plans (CFP), and early warning indicators

Co-manage the bank’s investment portfolio, including security selection, risk/return analysis, duration positioning, convexity, and prepayment modeling

Execute purchase/sale decisions, evaluate swap strategies around the portfolio, and manage portfolio within established risk tolerances for price sensitivity and liquidity objectives

Oversee fair value, OTTI/CECL considerations for securities, and work closely with Finance on accounting, reporting, and disclosures

Manage capital planning processes, including forecasting, stress testing integration, and alignment with board/regulatory expectations and strategic objectives

Lead end‑to‑end liquidity and capital stress testing processes (idiosyncratic and market-wide scenarios), including assumptions, data integrity, model governance, and result synthesis

Produce actionable insights for ALCO and executive leadership—linking stress outcomes to contingency actions, funding capacity, and capital planning

Partner with Risk and FP&A to integrate stress results into budgets, strategic plans, and regulatory submissions

Assist with the Design, implementation, and operation of the bank’s derivatives and hedging program, with an initial focus on back‑to‑back interest rate swaps for commercial borrowers, in collaboration with a leading third-party advisory firm

Establish product governance and controls, pricing frameworks, hedge accounting documentation, counterparty onboarding/ISDA, and collateral management, leveraging external expertise to ensure best practices

Coordinate front‑to‑back processes (origination, execution, confirmation, accounting, and reporting) to ensure operational excellence and strong internal controls

Collaborate with Treasury team to evaluate and implement balance sheet hedges to manage IRR within policy

Serve as primary Treasury liaison to internal audit, external auditors, and regulatory examiners (FDIC, Fed, NCCOB), ensuring readiness, transparency, and timely remediation

Maintain strong policy frameworks for capital, liquidity, IRR, investments, derivatives, and model risk, and ensure compliance with applicable guidance and accounting standards

Drive continuous improvement in Treasury processes, data quality, controls, and documentation standards

Foster a strong team culture within Treasury and Finance by sharing knowledge, supporting peers, and collaborating on projects to achieve collective goals

Lead and develop direct report(s), setting clear objectives, coaching, and supporting professional growth

Build strong partnerships across Small Business and Commercial Banking, Credit, Finance, Enterprise Risk, Operations, Legal, Compliance, and Technology to deliver integrated treasury solutions

Prepare and present high‑quality materials for ALCO, senior management, and the Board

Ability to communicate complex treasury, liquidity, and market-risk concepts clearly and effectively to executive management, the Board, and cross-functional partners

Maintain a high standard of regulatory awareness including BSA, AML, CIP, and OFAC

Qualification

Liquidity ManagementCapital PlanningInvestment Portfolio OversightDerivativesHedgingRegulatory FrameworksAdvanced ExcelStress TestingExecutive CommunicationProject ManagementTeam CollaborationAttention to Detail

Required

Bachelor's degree in Finance, Economics, Accounting, or related field

7+ years of progressive treasury, balance sheet management, or capital markets experience in a commercial bank or similar financial institution, experience at a mid-size bank (>$10Bn assets) preferred

Working knowledge of regulatory frameworks (liquidity, capital, IRR) and model risk governance

Executive-ready communication, analytical rigor, attention to detail, project management, and ability to lead cross-functional initiatives

Strong Microsoft Office skills (Advanced Excel)

Proven ability to manage multiple priorities and deadlines in a fast-paced environment