Role Overview for VP, Treasury & Capital Markets with a Regional Bank – Chicago, IL
JRG Partners is proud to partner with a premier, growth-oriented regional bank in their search for a dynamic and strategic Vice President, Treasury & Capital Markets. This pivotal leadership role, based in the heart of Chicago’s financial district, is a unique opportunity for an experienced finance professional to shape the future of the bank’s balance sheet strategy and financial risk management framework. Our client is a well-capitalized and respected institution known for its commitment to community, client service, and sustainable growth. They are seeking a forward-thinking leader who can navigate the complexities of the modern financial landscape and drive value for all stakeholders.
As the VP, Treasury & Capital Markets, you will be a key member of the finance leadership team, reporting directly to the Bank Treasurer. You will be entrusted with the critical responsibility of managing the bank’s liquidity, funding, investment portfolio, and overall interest rate risk profile. This is not merely a tactical execution role; it is a highly strategic position that requires a deep understanding of macroeconomic trends, regulatory changes, and sophisticated financial instruments. You will be instrumental in developing and implementing strategies that optimize net interest margin, manage risk, and ensure the bank maintains a robust and resilient financial position. Your analysis and recommendations will directly influence the decisions made by the Asset/Liability Committee (ALCO) and the Board of Directors.
The ideal candidate will possess a powerful combination of quantitative expertise, strategic acumen, and exceptional leadership skills. You will oversee a small team of dedicated treasury professionals, providing mentorship and guidance while fostering a culture of excellence, collaboration, and continuous improvement. This role offers significant visibility across the organization and a clear path for professional advancement within a supportive and innovative banking environment. If you are a results-driven treasury expert with a passion for financial markets and a desire to make a tangible impact, we encourage you to apply for this exciting opportunity.
Key Responsibilities of VP, Treasury & Capital Markets with a Regional Bank – Chicago, IL
The VP, Treasury & Capital Markets will have a broad and impactful scope of responsibilities, encompassing all core functions of a sophisticated bank treasury department. Success in this role will require a hands-on approach combined with high-level strategic thinking. Key duties include:
Liquidity and Cash Management
Oversee the daily cash positioning and ensure adequate liquidity to meet all obligations. Develop and maintain sophisticated liquidity forecasting models, conduct regular stress testing under various scenarios, and manage the bank’s Contingency Funding Plan (CFP). Manage intraday liquidity and collateral requirements effectively.
Funding and Liability Management
Develop and execute a diversified funding strategy to support balance sheet growth at an optimal cost. Manage relationships and borrowing capacity with wholesale funding sources, including the Federal Home Loan Bank (FHLB), correspondent banks, and brokered deposit channels. Analyze deposit trends and provide strategic input on pricing strategies to the retail and commercial teams.
Investment Portfolio Strategy and Execution
Direct the management of the bank’s multi-billion dollar investment portfolio. Formulate portfolio strategy concerning duration, convexity, credit exposure, and asset allocation to optimize risk-adjusted returns. Lead the security selection process across various asset classes, including Agency MBS/CMOs, municipal bonds, and other permissible investments. Conduct thorough pre-purchase analysis and ongoing surveillance of portfolio holdings.
Asset/Liability Management (ALM)
Serve as a key leader in the bank’s ALM process. Manage and model the bank’s interest rate risk (IRR) exposure, utilizing sophisticated ALM software (e.g., QRM, Empyrean) to run simulations for Net Interest Income (NII) and Economic Value of Equity (EVE). Prepare comprehensive ALCO packages with detailed analysis, commentary, and strategic recommendations to mitigate risk and enhance performance.
Capital Markets and Hedging
Identify, analyze, and execute capital markets transactions to manage the bank’s risk profile. This includes the use of interest rate derivatives (swaps, caps, floors) to hedge IRR exposure on the balance sheet. Stay abreast of market developments and proactively recommend hedging strategies to the ALCO committee.
Capital Planning and Strategy
Contribute to the bank’s capital planning process. Monitor all regulatory capital ratios (CET1, Tier 1, Total Capital) and forecast capital levels under various scenarios. Analyze the capital impact of strategic initiatives, such as acquisitions or new product launches, to ensure efficient use of capital.
Regulatory Compliance and Reporting
Ensure the Treasury function operates in full compliance with all banking regulations and internal policies. Maintain a deep understanding of regulatory expectations from the OCC, Federal Reserve, and FDIC, particularly regarding liquidity and capital management. Serve as a key point of contact for regulators during examinations. Ensure accurate and timely submission of all treasury-related regulatory reports. This includes maintaining compliance with regulations such as the Liquidity Coverage Ratio (LCR) and other key supervisory guidelines.
Leadership and Team Development
Lead, mentor, and develop a team of treasury analysts. Foster a high-performance environment that encourages intellectual curiosity, critical thinking, and professional growth. Delegate tasks effectively while providing support and oversight.
Strategic Collaboration
Act as a strategic partner to other business units, including Commercial Lending, Retail Banking, and Credit Administration. Provide expert guidance on loan pricing, deposit strategy, and the financial implications of new business activities. Present complex financial topics clearly and concisely to executive management and the Board of Directors.
Requirements for the VP, Treasury & Capital Markets with a Regional Bank – Chicago, IL
We are seeking a highly qualified candidate who meets the following criteria:
Education
A Bachelor’s degree in Finance, Economics, Accounting, or a related quantitative field is required. An MBA or a relevant professional certification such as Chartered Financial Analyst (CFA) or Certified Treasury Professional (CTP) is strongly preferred.
Experience
A minimum of 8-12 years of progressive experience within a bank treasury, ALM, or capital markets function is essential. Direct experience at a regional or community bank with assets exceeding $10 billion is highly desirable.
Technical Skills
Proven, hands-on experience with sophisticated ALM modeling software (e.g., QRM, Empyrean, ZM). Expert-level proficiency with the Bloomberg Terminal, Microsoft Excel, and financial modeling. Deep knowledge of fixed-income analytics, derivatives, and structured securities (MBS/CMOs).
Analytical Acumen
Exceptional quantitative and analytical skills with the ability to interpret complex data, identify trends, and formulate actionable strategies. A meticulous attention to detail is paramount.
Regulatory Knowledge
A comprehensive understanding of the U.S. banking regulatory landscape, including capital adequacy standards (Basel III), interest rate risk guidelines, and liquidity management rules.
Leadership and Communication
Demonstrated leadership experience with a track record of building and developing high-performing teams. Outstanding written and verbal communication skills, with the proven ability to present complex financial concepts to diverse audiences, including executive leadership and board members.
Strategic Mindset
The ability to think strategically and holistically about the bank’s balance sheet, connecting treasury decisions to the institution’s overall financial performance and long-term goals.
Benefits & Perks Offered
Our client is committed to investing in their employees and offers a highly competitive compensation and benefits package designed to support your professional and personal well-being. This includes:
Competitive Compensation
A lucrative base salary complemented by a significant performance-based annual bonus and potential long-term incentives.
Comprehensive Health and Wellness
A full suite of benefits including medical, dental, and vision insurance with multiple plan options for you and your dependents. The package also includes a Health Savings Account (HSA), wellness programs, and a robust Employee Assistance Program (EAP).
Retirement Savings
A generous 401(k) plan featuring a strong company match to help you build a secure financial future.
Work-Life Balance
A substantial Paid Time Off (PTO) policy, including vacation, sick days, and personal days, in addition to a comprehensive list of paid company holidays.
Professional Development
A strong commitment to your career growth, with opportunities for continued education, tuition reimbursement for relevant coursework and certifications, and attendance at industry conferences.
Modern Workplace
A collaborative and professional work environment in a prime Chicago location, with potential for flexible/hybrid work arrangements.
How to Apply
JRG Partners is the exclusive recruitment partner for this confidential search. To be considered for this exceptional opportunity, please submit your resume and a cover letter detailing your qualifications and interest in the role. We are looking for candidates who are not just qualified, but who are also a strong cultural fit for a dynamic and growing organization.
For more information about our expertise in this area and to explore other opportunities, please visit the JRG Partners’ Financial Services & Banking Practice page. Our dedicated team of recruiters specializes in connecting top-tier talent with leading institutions in the financial sector.
Our client is an Equal Opportunity Employer and is committed to creating a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.
