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
Required Experience
- 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
Preferred Experience
- 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)
Our Values
- Dedication: Possess a deep commitment to Live Oak Bank’s mission and core values, exemplified through a strong work ethic, adaptability and pride in your work.
- Ownership: Take initiative to deliver positive results by proactively and creatively solving problems, while maintaining a high degree of quality.
- Respect: Treat everyone with courtesy, politeness, and kindness.
- Innovation: Embrace fresh ideas and fearlessly contribute new solutions to emerging or existing problems.
- Teamwork: Foster collaboration, accountability, and trust with others and understand that together, we do more
For a detailed overview of our employee benefits please visit:
http://www.liveoakbank.com/careers/
Live Oak Bank is an Affirmative Action and Equal Opportunity Employer, Minorities/Women/Veterans/Disabled. We consider applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, veteran status or disability. Equal access to programs, service and employment is available to all persons. Those applicants requiring reasonable accommodation to the application and/or interview process should notify human resources at HumanResources@liveoak.bank.
EEO is the Law
The base pay range for this position is $169,620.00 - $236,440.00 per year. Compensation may also include annual bonuses and long-term incentives, subject to various metrics and company policy. A candidate’s salary is determined by several factors including travel, relevant work experience or skills and expertise.
Please note that we provide at least the minimum requirement of paid sick leave to our employees who reside in states that require employer-paid sick leave, including but not limited to Arizona, California, Colorado, District of Columbia, Maine, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New Mexico, New York, Oregon, Rhode Island, Vermont, and Washington.
