Treasurer

Our values define us and our culture inspires us to change lives for the better. Our employees are the heart and soul of our company, and every success we experience begins with them. Together we are committed to making a positive impact in our local communities. We champion a culture of continuous learning, work-life integration, and inclusion. We promote a digitally enabled work environment to continuously enhance the experience of our employees and customers.

The incumbent is responsible for managing all treasury and asset liability operations at Fulton Bank ("the Bank"), playing a critical role in mitigating key risks, including market and liquidity risks, while supporting the Bank's overall growth. As Chair of the Asset Liability Committee ("ALCO") and Vice Chair of the Pricing Committee, this position oversees the asset liability management process and leads the development and communication of strategic balance sheet initiatives. Additionally, the incumbent formulates and executes strategic initiatives for the Bank's investment portfolio and funding strategies to ensure adequate liquidity. The incumbent manages the Bank's interest rate risk profile, oversees hedging activities, and plays a pivotal role in capital management and strategy.

 

Location:

The position requires weekly travel to Corporate Headquarters in Lancaster, PA, and offers hybrid flexibility.

• Responsible for the oversight, development, and execution of balance sheet management strategies and initiatives along with providing guidance on loan and deposit pricing as Chair of the ALCO and Vice Chair of the Pricing Committee.
• Member of the Bank’s Enterprise Risk Management Committee which is responsible for oversight of Bank-wide risk.
• Responsible for managing the Bank’s investment portfolio. Develops portfolio strategies and oversees execution while ensuring the portfolio is within prescribed risk and performance tolerance levels and in compliance with corresponding regulatory standards. Manages market, liquidity, basis, and credit risk within the portfolio.
• Responsible for funding the Bank’s ongoing operations by ensuring adequate available liquidity to meet both short- and long-term needs utilizing various forms of wholesale funding including, but not limited to FHLB Advances, Brokered Deposits, Fed Funds, Reverse Repo, and Federal Reserve Borrowings. Responsible for building contingent liquidity at the FHLB and Federal Reserve. Maintain positive relationships with funding providers. Manage liquidity stress testing and tabletop exercises.
• Manages the Bank’s interest rate risk profile and maintain compliance with Board-approved policy limits. Incumbent proposes and executes risk mitigating strategies using organic (on-balance sheet) and inorganic means (off-balance sheet; interest rate derivatives). Assist with the management of the commercial loan swap program. Manage Bank-wide counterparty credit risk.
• Key contributor in managing the Bank’s capital and responsible for the annual capital stress testing process.
• Responsible for the Bank’s Funds Transfer Pricing.
• Serves as an integral member of the acquisition due diligence team, providing strategic balance sheet analysis and recommendations with respect to deal pricing and pro forma structure.
• Manage the Bank Owned Life Insurance (“BOLI”) portfolio.
• Serves as the Bank’s Chief Economist.
• Coordinates regulatory examinations and internal audits of capital markets activities.
• Maintains positive, proactive relationships with capital markets, fixed income, debt / equity issuance providers and rating agencies on behalf of the Bank.
• Develops, maintains, and ensures compliance with policies and procedures related to the investment portfolio, asset liability management, liquidity and contingency funding and derivative activities.
• Manages staff. Sets performance standards, manages workflow, grants authorities, evaluates performance, and recommends personnel actions within delegated authority. Consults with Human Resources as appropriate.

 

Required Education

Bachelor's Degree or the equivalent experience. Specialty: Finance, Economics, Business Administration, or relevant discipline. 

Required Experience

15 or more years progressive experience in bank treasury in a large, complex financial institution. 

Required Knowledge, Skills, and Abilities

• Strong understanding of investments, funding, derivatives and debt / equity capital markets. 
• Deep understanding of bank balance sheets and profitability providing the ability to add value across a broader Finance function. 
• Ability to effectively exercise substantial judgement in a highly complex field within broad strategic and operational guidelines. 
• Strong management and solutions-based problem-solving skills. 
• Must be a critical thinker with the ability to analyze financial information and possess excellent verbal and written skills to effectively communicate results and recommend actions to all levels of management including the Board of Directors. 
• Demonstrated decision-making abilities and proven credibility in influencing and working effectively with business unit managers, senior officers and executives. 
• Excellent leadership, people management and organizational development skills with a demonstrated ability to motivate in a team-oriented and collaborative environment, and promote, foster and build a diverse and inclusive workforce. 

 

This role may perform other job duties as assigned by the manager. Each employee of the Organization, regardless of position, is accountable for reading, understanding and acting on the contents of all Company-assigned and/or job related Compliance Programs, regulations and policies and procedures, as well as ensure that all Compliance Training assignments are completed by established due dates. This includes but is not limited to, understanding and identifying compliance risks impacting their department(s), ensuring compliance with applicable laws or regulations, and escalating compliance risks to the appropriate level of management.

To provide greater transparency to candidates, we share base salary ranges on all job postings regardless of state. We set standard salary ranges for our roles based on the position, function, and responsibilities, as benchmarked against similarly sized companies in our industry. Specific compensation offered will be determined based on a combination of factors including the candidate’s knowledge, skills, depth of work experience, and relevant licenses/credentials. The salary range may vary based on geographic location.

 

The salary range for this position is $243,700.00 - $406,200.00 annually.

Additional Compensation Components

 

This job is eligible to receive equity in the form of restricted stock units. This job is eligible to participate in a short-term incentive compensation plan subject to individual and company performance.

Additionally, as part of our Total Rewards program, Fulton Bank offers a comprehensive benefits package to those who qualify. This includes medical plans with prescription drug coverage; flexible spending account or health savings account depending on the medical plan chosen; dental and vision insurance; life insurance; 401(k) program with employer match and Employee Stock Purchase Plan; paid time off programs including holiday pay and paid volunteer time; disability insurance coverage and maternity and parental leave; adoption assistance; educational assistance and a robust wellness program with financial incentives. To learn more about your potential eligibility for these programs, please visit Benefits & Wellness | Fulton Bank.

Fulton Bank (“Fulton”) is an equal opportunity employer and is committed to providing equal employment opportunity for all qualified persons. Fulton will recruit, hire, train and promote persons in all job titles, and ensure that all other personnel actions are administered, without regard to race, color, religion, creed, sexual orientation, national origin, citizenship, gender, gender identity, age, genetic information, marital status, disability, covered veteran status, or any other legally protected status.

As a condition of employment, individuals must be authorized to work in the United States without sponsorship for a work visa by Fulton Bank currently or in the future.