Westamerica is among the largest commercial banks headquartered in California. We are looking for outstanding people to join our winning team. We reached our current strength because our employees, customers, and shareholders believe in the same fundamental goals: Delivering a wide variety of financial services with a superior customer service guarantee.

JOB SUMMARY:

Under general guidance from the CEO and Board of Directors: Recommends and implements comprehensive ALCO management strategies and tactics for the Corporation. Directly responsible for managing the trust function and oversees operational functions for the Treasury and Trust Departments. Manages the Company’s capital and performs investor relations functions. Manages the following risks: credit (for bond portfolio), liquidity, interest rate sensitivity, and compliance risk in assigned functions.

ESSENTIAL FUNCTIONS: Fundamental Duties

Proposes and implements and approved asset and liability strategies covering earning asset mix, bond portfolio mix, interest margins, deposit pricing, liquidity management, and capital management. Manages Bond Portfolio Manager and Funding Manager in achieving desired balance sheet structure, liquidity, and net interest income and margin objectives. Responsible for managing and monitoring the Company’s exposure to interest rate risk, liquidity risk, and credit risk related to the bond portfolio. A presenting member of Asset Liability Committee. Presents monthly to the Board of Directors.
Provides managerial oversight to the Trust Department, including operations, investments and administration. Manages the Trust Department Manager in achieving objectives: revenue growth, staff development, audit results, and vendor selection and performance evaluation. Chairs the management level Trust Administration Committee and Trust Investment Committee. Presents monthly to the Trust Committee of the Board of Directors.
Provides managerial oversight to Treasury Department operations including transaction processing, accounting responsibilities, and vendor selection and performance evaluation.
Responsible for capital management including capital projections and maintenance of an appropriate level of regulatory capital, conducting capital stress tests, and managing the parent company share repurchase program.
Responsible for divisional CRA performance and compliance management. Responsible for meeting the Bank’s CRA investment goals. With assigned staff, performs CRA investment due diligence, recommends CRA investments, obtains regulatory approval when necessary, and executes purchases. Responsible for divisional compliance with relevant regulations including Regulations F, R and H. Approves vendor management reviews including compliance management risk.
Responsible for Investor Relations. Prepares quarterly earnings release narratives, discusses quarterly results with external equity analysts, creates Annual Meeting scripts and slides for CEO and Treasurer, presents at Annual Meeting, responds to investor inquiries, and conducts outreach to largest shareholders when necessary.
Reviews and recommends all staffing actions related to members of the division.
Performs due diligence on merger and acquisition candidates at the request of the CEO. Integrates functional responsibilities. for any acquired companies or assets or assumed liabilities.
Performs additional job-related duties as assigned.

Requirements

Extensive experience in asset/liability and bond portfolio management, preferably within the financial services industry. Requires a bachelor's degree in business administration or accounting preferred: an MBA is highly desirable. Excellent communication, interpersonal, organizational, planning, forecasting, and analytical skills are essential.

PHYSICAL DEMANDS:

Works extended hours.
Travels to various locations.

MENTAL DEMANDS:

Continuously maintain knowledge of evolving economic, regulatory, political, and social conditions and apply such knowledge to assigned responsibilities.
Evaluate the balance sheet structure and forward earnings potential of an acquisition target and measure a variety of acquisition prices providing accretive earnings per share for existing shareholders.
Interpret regulations and laws relevant to assigned responsibilities and maintain compliance risk mitigating internal controls.

EQUIPMENT USED TO PERFOFM FUNCTIONS:

PC, telephone, photocopier.

DECISION MAKING:

Identify strategic investment directions which achieve financial objectives.
Perform due diligence on corporate credit to evaluate risk of default.
Determine best method to employ in communicating financial matters to external equity analysts and shareholders.

SUPERVISORY RESPONSIBILITY: Directly Supervised: 4Indirectly: 8

EOE

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Westamerica Bank

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