VP Treasury - Deposit Strategies (Project Management)
Wintrust is a financial holding company with approximately $62 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its “Different Approach, Better Results” philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges. Our unique business model is a competitive strength and value driver, powered by our talented colleagues who put our customers first and achieve better results for our clients.
Why join us?
An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 11 years) and Employee Recommended award by the Globe & Mail (past 6 years)
Competitive pay and discretionary or incentive bonus eligible
Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few
Family-friendly work hours
With 175+ community bank locations, we offer opportunities to grow and develop in your career
Promote from within culture
Why join this team?
We have a culture that encourages an entrepreneurial spirit
We offer multiple opportunities for development and upward mobility
Job Description Summary
The VP Treasury position is responsible for fostering new deposit relationships, maintaining relationships with external partners and vendors, and engaging in deposit strategies to enhance the organization's overall liquidity position. The role combines client-facing, new business development with back-office strategy and analysis.
What You'll Do
Source new deposit relationships and foster existing deposit relationships in alignment with overall funding objectives.
Develop strategy to refine and define product structures and benefits to enhance deposit offerings based on market research and customer needs.
Proactively communicate deposit opportunities with Treasury teams to ensure alignment in the forecasting processes.
Oversee Treasury Management onboarding teams to establish new accounts and maintain existing relationships.
Participate in contingency funding planning and related exercises. Pursue funding diversification to reduce concentration risk.
Help the EVP-Treasurer coordinate and comply with regulatory exams, internal audits, and model validations.
Attend various industry conferences to stay up to date on relevant topics along with developing meaningful vendor and industry relationships.
Requirements
7 - 12 years of work experience in Treasury/Banking.
Bachelor's degree in business, Finance, Accounting, or Economics preferred.
Advanced proficiency in MS Office (especially Excel).
Experience establishing Special Reserve Bank Accounts and various types of omnibus Customer Fund Accounts, and knowledge of the regulation surrounding them.
Ability to negotiate various depository agreements and deposit pricing with prospective and existing deposit relationships.
Benefits
Medical Insurance • Dental • Vision • Life insurance • Accidental death and dismemberment • Short-term and long term Disability Insurance • Parental Leave • Employee Assistance Program (EAP) • Traditional and Roth 401(k) with company match • Flexible Spending Account (FSA) • Employee Stock Purchase Plan at 5% discount • Critical Illness Insurance • Accident Insurance • Transportation and Commuting Benefits • Banking Benefits • Pet Insurance
Compensation
The estimated salary range for this role is $98,000-$132,000, along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate's qualifications, skills and experience.
#LI-HYBRID
From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To be Chicago's Bank® and Wisconsin's Bank®, we need to reflect that diversity both in all the communities we serve, the people we employ, the organizations we work with, and our banking and lending practices. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex, sexual orientation, gender identity and expressions, genetic information, marital status, age, disability, or status as a covered veteran or any other characteristic protected by law.
