Assistant Treasurer

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
* 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, counter party 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…