EVP, Head of Treasury with a Global Investment Bank – Chicago, IL

Role Overview for EVP, Head of Treasury with a Global Investment Bank – Chicago, IL

JRG Partners is proud to conduct an exclusive, confidential search on behalf of our client, a premier global investment bank with a significant presence in major financial centers worldwide. We are seeking a visionary and strategic leader to join their executive team as the Executive Vice President (EVP), Head of Treasury. This pivotal role, based in the vibrant financial hub of Chicago, IL, is responsible for the stewardship of the bank’s financial resources, reporting directly to the Chief Financial Officer (CFO).

The EVP, Head of Treasury will serve as the principal architect of the bank’s global treasury strategy, overseeing all aspects of liquidity management, capital planning, balance sheet optimization, and financial risk management. In an era of increasing market volatility and complex regulatory demands, this leader will be instrumental in safeguarding the bank’s financial stability and positioning it for sustainable, long-term growth. You will be a key advisor to the Board of Directors and the senior executive leadership team, providing critical insights and strategic guidance on all treasury-related matters.

This is a rare opportunity for a seasoned treasury executive to make a substantial impact at the highest level of a globally systemically important bank (G-SIB). The ideal candidate is a forward-thinking, results-driven professional with an impeccable track record of leadership within a large-scale, complex financial institution. You must possess the strategic acumen to navigate the intricacies of global capital markets, the technical expertise to manage sophisticated financial risks, and the leadership presence to inspire a world-class treasury organization. Your leadership will directly influence the bank’s resilience, profitability, and strategic direction.

Key Responsibilities of EVP, Head of Treasury with a Global Investment Bank – Chicago, IL

The EVP, Head of Treasury will have a broad and demanding mandate, with ultimate accountability for the global Treasury function. Key responsibilities are extensive and include, but are not limited to, the following areas:

Strategic Treasury Leadership

• Develop, articulate, and execute a comprehensive, forward-looking global treasury strategy that aligns with the bank’s overall business objectives and risk appetite.
• Serve as a senior strategic advisor to the CEO, CFO, Board of Directors, and other executive committee members on matters of capital structure, liquidity, funding, and balance sheet management.
• Drive strategic initiatives to optimize the bank’s capital allocation, funding mix, and overall cost of capital, enhancing shareholder value.
• Lead the evaluation and integration of treasury functions related to potential mergers, acquisitions, or divestitures.

Liquidity Management and Funding Strategy

• Maintain and enhance a robust global liquidity management framework, ensuring the bank maintains sufficient liquidity to meet its obligations under both normal and stressed market conditions.
• Oversee the development and regular testing of comprehensive Contingency Funding Plans (CFPs) and liquidity stress testing models.
• Direct the bank’s global funding programs, managing a diversified mix of funding sources across various markets and currencies, including deposits, secured and unsecured wholesale funding, and capital markets issuance.
• Manage the bank’s investment portfolio of high-quality liquid assets (HQLA), optimizing for yield while adhering to strict risk and regulatory constraints.

Capital Management and Regulatory Planning

• Lead the end-to-end capital planning and management process, including the annual Comprehensive Capital Analysis and Review (CCAR) and Dodd-Frank Act Stress Test (DFAST) submissions to regulators.
• Develop and implement strategies to optimize the bank’s capital structure, ensuring robust capitalization and efficient use of capital in compliance with all regulatory requirements, including the Basel III framework.
• Oversee the management of capital ratios (e.g., CET1, Tier 1, Total Capital) and provide strategic recommendations on capital actions, such as dividend policy, share repurchase programs, and capital issuance.

Asset/Liability Management (ALM) and Risk Mitigation

• Chair the Asset/Liability Committee (ALCO), guiding strategic decisions on balance sheet composition and management of structural financial risks.
• Oversee the measurement, monitoring, and management of interest rate risk in the banking book (IRRBB) and foreign exchange (FX) risk.
• Develop and execute sophisticated hedging strategies using derivatives and other financial instruments to mitigate exposure to interest rate, currency, and other market risks.
• Collaborate closely with the Chief Risk Officer (CRO) to ensure all treasury activities are conducted within the bank’s established risk appetite framework and that risk exposures are transparent and well-managed.

Stakeholder and Relationship Management

• Act as the primary liaison for the bank with key external stakeholders on treasury matters, including federal and international regulators (e.g., the Federal Reserve, OCC, PRA, EBA).
• Cultivate and maintain strong, transparent relationships with credit rating agencies to ensure the bank’s creditworthiness is accurately perceived and optimal ratings are maintained.
• Manage key relationships with correspondent banks, institutional investors, and other funding partners.

Leadership and Team Development

• Provide decisive leadership, mentorship, and professional development to a large, global team of treasury professionals.
• Foster a culture of high performance, collaboration, integrity, and continuous improvement within the Treasury organization.
• Champion talent management and succession planning to build a strong pipeline of future treasury leaders.
• Drive the strategic adoption of new technologies, data analytics, and automation to enhance the efficiency and effectiveness of treasury operations.

Requirements for the EVP, Head of Treasury with a Global Investment Bank – Chicago, IL

The successful candidate will be an accomplished executive with deep domain expertise and a proven ability to lead at the enterprise level. The qualifications for this role are rigorous, reflecting its seniority and strategic importance.

Professional Experience

• A minimum of 20 years of progressive experience in corporate treasury, capital markets, or a closely related financial discipline.
• Extensive experience operating within a large, complex, and global financial institution is mandatory; experience at a G-SIB is strongly preferred.
• A minimum of 10 years in a senior leadership role, with a demonstrated history of managing large, geographically dispersed teams and setting strategic direction.
• Proven track record of success in managing liquidity, capital, and balance sheet strategies through various economic cycles.

Educational & Professional Credentials

• Bachelor’s degree in Finance, Economics, Accounting, or a quantitative field is required.
• An MBA from a top-tier business school or another relevant advanced degree is strongly preferred.
• Professional certifications such as Chartered Financial Analyst (CFA) or Certified Treasury Professional (CTP) are highly advantageous.

Technical Expertise and Knowledge

• Deep, expert-level understanding of global banking regulations, including Dodd-Frank, CCAR/DFAST, liquidity coverage ratio (LCR), net stable funding ratio (NSFR), and the complete Basel III/IV capital accords.
• Sophisticated knowledge of global financial markets, complex financial instruments, derivatives, and securitization.
• Mastery of advanced concepts in Asset/Liability Management (ALM), Funds Transfer Pricing (FTP), and financial risk modeling.
• Proficiency with leading Treasury Management Systems (TMS), Bloomberg, and other critical financial technologies.

Leadership Competencies & Personal Attributes

• Exceptional strategic mindset with the ability to analyze complex situations, synthesize information, and develop actionable strategies.
• Outstanding executive presence and communication skills, with the ability to present and articulate complex financial concepts clearly and persuasively to diverse audiences, including boards of directors and regulators.
• Unquestionable integrity, ethics, and a strong commitment to sound governance and risk management.
• Superior interpersonal and influencing skills, with a proven ability to build relationships and drive consensus across a large, matrixed organization.
• A resilient and decisive leader who can thrive and make sound judgments under pressure in a dynamic, fast-paced environment.

Benefits & Perks Offered

Our client is committed to attracting and retaining top-tier executive talent and offers a compensation and benefits package commensurate with the seniority and impact of this role. The comprehensive package includes:

• A highly competitive executive base salary and a significant annual performance-based bonus.
• A substantial Long-Term Incentive Plan (LTIP) with equity components, including Restricted Stock Units (RSUs) and stock options, to align executive success with shareholder interests.
• Comprehensive, premium health, dental, and vision insurance coverage for you and your eligible dependents.
• A robust 401(k) retirement savings plan featuring a generous company match and potential profit-sharing contributions.
• Generous Paid Time Off (PTO), including vacation, sick days, and company-observed holidays, to support work-life balance.
• A full executive relocation package for qualified candidates and their families.
• Access to executive wellness programs, including health coaching, subsidized gym memberships, and mental health resources.
• Comprehensive paid parental leave and other family-support benefits.
• A dedicated budget for continuous professional development, including executive coaching, industry conferences, and advanced certifications.
• Other executive perquisites, which may include financial planning services and deferred compensation plans.

How to Apply

This is a confidential executive search being managed exclusively by JRG Partners. We kindly request that all inquiries and applications be directed through our firm to ensure a streamlined and confidential process.

If you are a qualified and interested candidate whose experience and ambitions align with the demands of this exceptional opportunity, we encourage you to submit your resume and a cover letter for consideration. Due to the high volume of interest, only candidates who meet the specified criteria will be contacted.

JRG Partners is a leader in executive search for the financial services industry. Learn more about our expertise in this area by visiting JRG Partners’ Financial Services Practice.

Our client is an Equal Opportunity Employer and is committed to fostering 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 status as a protected veteran.