Assistant Treasurer

Live Oak Banking•Wilmington, NC

28d

About The Position

About Us Live Oak Bank is a digital bank that serves small business owners across the country. Our groundbreaking spin on service and technology has fueled our mission to be America’s Small Business Bank. Our products help customers buy, build, and expand their business, and our high-yield savings and CD products help them grow their hard-earned money. At Live Oak, we never lose sight of the well-being of our people. We believe our employees are the heart of our company. Our commitment to our customers and culture is intertwined, and we seek those who embody and embrace what it takes to empower the American dream. How This Role Impacts Live Oak and its People The Assistant Treasurer is a key member of the Treasury team responsible for the bank’s daily and strategic liquidity management, investment portfolio oversight, capital planning and enterprise-wide liquidity and capital stress testing, and the development and execution of the bank’s derivatives and hedging program. This role will manage critical third-party and regulatory relationships, including internal/external audit partners and bank examiners, and will collaborate with ALCO and key stakeholders across the bank to maintain a strong, resilient balance sheet in all market environments. What You’ll Do at Live Oak Liquidity Management & Funding 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 Investment Portfolio Oversight 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 Capital Planning & Stress Testing 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 Derivative & Hedging Programs 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 Audit, Examination & Governance 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 Leadership & Collaboration 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

Requirements

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

Nice To Haves

Advanced degree or professional certification (MBA, CFA)
Experience in a high-growth or digitally focused bank environment
Hands-on experience executing balance sheet management transactions (funding, investments, derivatives)
Background in enterprise-wide stress testing and scenarios analysis (DFAST)
Experience with treasury systems (e.g., Empyrean or similar ALM platforms)
Familiarity with U.S. GAAP (hedge accounting)

Responsibilities

Liquidity Management & Funding 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
Investment Portfolio Oversight 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
Capital Planning & Stress Testing 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
Derivative & Hedging Programs 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
Audit, Examination & Governance 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
Leadership & Collaboration 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