Treasurer BMW Bank of North America

About the role

BMW Bank of North America, LLC, a subsidiary of BMW Financial Services NA, LLC, opened in 1999 in Salt Lake City, Utah. It is an industrial bank that provides in-house banking services to BMW and MINI customers, dealerships, and affiliates, including direct and indirect automotive retail installment contracts and credit card services.

Responsibilities

• Maintains US debt capital markets and coordinates and approves execution of debt market activities.
• Forecasts cash flow positions, related borrowing needs, and funds available for investment.
• Ensures the Bank is sufficiently and appropriately funded with approved instruments, structure, maturities, and cost-effective pricing to meet ongoing operational requirements.
• Manages interest rate risk/return and ensures exposures are within Bank policy limits and guidelines.
• Establishes and maintains sound liquidity management through primary, secondary, and backup lines of credit.
• Identifies and recommends potential future sources of funding to ensure the Bank has an appropriate level of diversification.
• Manages investment portfolio and identifies investment alternatives.
• Provides recommendations for potential sale and purchase of investments.
• Ensures the Bank meets CRA investment requirements.
• Manages and oversees Treasury operations activities, including wire transfer activities, front, middle, and back office activities for short and medium-term debt trading, short-term investments, cash flow forecasting, reporting, and G/L entries.
• Maintains oversight of the activities of third parties handling outsourced treasury functions.
• Develops and maintains a system of policies and procedures that impose an adequate level of control over treasury activities.

Requirements

• Bachelor's degree or equivalent experience and/or certifications with a preferred concentration in Corporate Finance/Treasury/ALM/Financial Markets: preferred
• 7 plus years of BMW Group/FS and/or Financial Services Industry experience.
• 5 or more years of Treasury/Cash Management/ALM experience or capital markets experience
• PREFERRED: 3 plus years of Risk Management or Risk Controlling experience
• 3 plus years of experience with regulatory agencies such as FDIC or similar
• 3 plus years of supervisory experience

Qualifications

• Bachelor's degree or equivalent experience and/or certifications with a preferred concentration in Corporate Finance/Treasury/ALM/Financial Markets: preferred
• 7 plus years of BMW Group/FS and/or Financial Services Industry experience.
• 5 or more years of Treasury/Cash Management/ALM experience or capital markets experience
• PREFERRED: 3 plus years of Risk Management or Risk Controlling experience
• 3 plus years of experience with regulatory agencies such as FDIC or similar
• 3 plus years of supervisory experience

Skills

• Corporate Finance
• Treasury
• ALM (Asset Liability Management)
• Financial Markets

Benefits

The expected salary range for this position is $94,600.00 - $175,000. The selected candidate’s education, skills, experience, and location will be used to determine the final salary offer. All pay ranges are based on a full-time work schedule. This statement is in accordance with state and local pay disclosure requirements.

Pay

The expected salary range for this position is $94,600.00 - $175,000.

Schedule

This is a full-time position.