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Director, Treasury Capital Management



Accounting & Finance
Multiple locations
Posted on Tuesday, April 11, 2023

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Job Summary

The Director, Treasury Capital Management (TCM), is responsible for the execution of the organization’s capital plan, including capital actions, and partners with colleagues across Treasury, Finance, Risk and the businesses. This role will lead the development and execution of capital plans and actions and initiatives, focusing especially on regulatory capital requirements and implications. The Director, TCM, closely partners with the Capital Management (CPCM) function within Finance, Corporate Planning and Capital Management, in capital planning and monitoring of both operating subsidiaries and the consolidated company. This role will partner closely with the second line of defense, Risk, to manage capital risk.

Job Description

Essential Job Functions:

Capital Planning - Partner closely with CPCM in capital planning for both operating subsidiaries and the consolidated company. Makes recommendations to and agree with CPCM on planned capital actions and is directly responsible for executing capital actions and partnering with colleagues in Treasury, Risk, Finance and the business in doing so. Responsible in partnership with Finance and CPCM, for devising capital contingency plans and for executing related capital contingency actions. TCM and CPCM must jointly ensure that the organization’s legal entities comply with minimum regulatory requirements, as well as establish and comply with internal capital policy targets and other capital control metrics. Achieve balance among the interests and requirements of all entities within the organization. Partner with Finance, Risk and business colleagues to ensure unregulated entities operate with a sufficient level of capital, and that any surplus or deficits are adequately addressed.

Efficiency - In capital planning and execution, seek to achieve optimal allocation, structure, composition and efficiency of capital as measured by metrics. This will include, but is not limited to, earnings per share (EPS), return on equity (ROE), return on risk-based capital, return on investment (ROI), risk-based and leverage capital ratios, proportion of risk-weighted assets to leverage assets (“RWA intensity”), and double leverage.

Execution - Responsible for executing market facing capital actions, including share issuance and repurchase, and partnering with the Director, Treasury Markets and investor relations, in the issuance and repurchase of regulatory capital instruments. This will include, but is not limited to, subordinated debt and preferred stock. Responsible for the issuance and redemption of any inter-company capital items. The capital action execution responsibility of this role will require extensive partnership with Finance, Risk and the business lines. Partner with Corporate Strategy in the planning and execution of strategic initiatives, including new partnerships, acquisitions and disposals, focusing on the capital implications of such initiatives, for example capital efficiency including RWA or leverage reduction.

Stakeholder Engagement - In addition to partnering internally with senior Treasury, Finance, Risk, the business, and investor relations, engage with a variety of external stakeholders including but not limited to regulators, rating agencies, auditors, investors and analysts.

Reports To:

Senior Vice President, Treasurer

Direct Reports:

1 +

Working Conditions/ Physical Requirements:

  • Normal office environment. As a senior leader, must work at a Bread Financial office a minimum of 5 days per month.
  • Ability to travel 5 days a month if not located near a Bread Financial office.

Minimum Qualifications:

  • Bachelor’s degree in finance, accounting, business or related field of study.
  • 10+ years of experience in treasury, finance or risk fields, with increasing responsibility.
  • 10+ years of experience in risk management and regulatory capital structure, including knowledge of related capital markets.
  • 10+ years of experience leading a team of people in a professional setting.
  • Experience with 404 implementation and attestation for treasury/risk management.
  • Required to work from a Bread Financial office at least 5 days each month, regardless of hybrid or work-from-home status. Must be able to travel 5 days per month if needed, because of this requirement.

Preferred Qualifications:

  • Master’s degree in business administration, finance or accounting.
  • Experience with FX hedging strategies, FASS 133, financial derivative products, financial covenants, investment decisions and Sarbanes-Oxley S.

Typical Starting Range:

$131,700.00 - $272,700.00

Full Salary Range for position:

California:$151,600.00 - $340,900.00

Colorado:$131,700.00 - $286,400.00

New York:$144,800.00 - $340,900.00

Washington:$138,300.00 - $313,900.00

The actual base pay within this range may be dependent upon many factors, which may include, but are not limited to, work location, education, experience, and skills.

Bread Financial offers medical, prescription drug, dental, vision, and other voluntary benefits (including basic and optional life insurance, supplemental medical plans, and short and long-term disability) to eligible associates (regular full-time associates scheduled to work 30 hours per week or more) and their spouses/domestic partners, and child(ren) under the age of 26. New associate elected coverage begins on date of hire (with the exception of disability coverage which has a 6-month waiting period). Six weeks of 100% paid parental leave for eligible parents is available after a 180-day waiting period. Hired associates can immediately enroll in Bread Financial’s 401(k) plan.

All associates receive 11 paid holidays. Associates have discretion in managing their time away from work through the Flexible Time Off (FTO) program and may need to notify and receive approval from their manager prior to taking the time off. Associates receive 80 hours of Paid Sick and Safety Time per calendar year at the beginning of each year and is prorated in the associate’s first year of employment.

Hired associates will be able to elect to purchase company stock during offering periods in June and December. You will be eligible for an annual incentive bonus based on individual and company performance.

Click here for more Benefits information.

About Bread Financial

At Bread Financial, you’ll have the opportunity to grow your career, give back to your community, and be a part of our award-winning culture. We’ve been consistently recognized as a best place to work in many markets and we’re proud to promote an environment where you feel appreciated, accepted, valued, and fulfilled—both personally and professionally. Bread Financial supports the overall wellness of our associates with a diverse suite of benefits and offers boundless opportunities for career development and non-traditional career progression.

Bread Financial is a tech-forward financial services company providing simple, personalized payment, lending and saving solutions. The company creates opportunities for its customers and partners through digitally enabled choices that offer ease, empowerment, financial flexibility and exceptional customer experiences. Driven by a digital-first approach, data insights and white-label technology, Bread Financial delivers growth for its partners through a comprehensive product suite, including private label and co-brand credit cards, installment lending, and buy now, pay later (BNPL). Bread Financial also offers direct-to-consumer solutions that give customers more access, choice and freedom through its branded Bread Cashback American Express® Credit Card and Bread Savings products.

Headquartered in Columbus, Ohio, Bread Financial is powered by its 7,500+ global associates and is committed to sustainable business practices.

  • Bread Financial offers competitive pay, a comprehensive selection of benefit options including 401(k).
  • The Company is an Equal Opportunity Employer.
  • Any applicant offered employment will be required to establish that they are legally authorized to work in the United States for the Company.
  • The Company participates in E-Verify.
  • The Company will consider for employment all qualified applicants, including those with a criminal history, in a manner consistent with the requirements of all applicable federal, state, and local laws, including the Los Angeles Fair Chance Initiative for Hiring Ordinance, the San Francisco Fair Chance Ordinance, and the New York City Fair Chance Act. Applicants with criminal histories are encouraged to apply.

Job Family:

Finance & Accounting

Job Type: