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VP Treasury, FirstOntario Credit Union

VP Treasury, FirstOntario Credit Union

With Assets of $2.6 billion, FirstOntario Credit Union (FCU) is among the top 15 Credit Unions in Canada. It has 29 full-service branches serving 14 communities within the Hamilton, Halton, Niagara, Haldimand / Norfolk, Brant and Oxford County regions.

The history of FCU began in 1939 when a group of employees at the Steel Company of Canada created the Stelco Credit Union.

Today, membership in FCU www.firstontariocu.com is open to anyone living in Ontario.  FCU serves over 100,000 Members with a full suite of banking products including; chequing and savings accounts, mortgages, lines of credit, loans, investments, insurance, expert wealth management and commercial services. 

The Position

The position reports directly to the Executive Vice President and Chief Financial Officer. An integral member of the senior management team, the Vice President of Treasury is mandated by the FCU strategic plan to focus on Treasury operations and new profitable opportunities.

Leading a team of 3 professionals he / she will have overall responsibility for all treasury operations including asset allocation and margin management, and leading the monthly Asset Liability Committee meetings (ALCO).


The candidate will be a proven leader with solid treasury credentials, with both Chartered Public Accountant (CPA) and Chartered Financial Analyst (CFA) designations. We are seeking an individual who has acquired both the requisite treasury skills and the empathy that aligns with credit union values and the co-operative movement, resulting in the provision of exceptional levels of service to both internal and external clients. Specifically, we are looking for:

An individual with the track record and drive to build a market based revenue portfolio and to develop new revenue opportunities to enhance FCU’s bottom line;

Technical expertise combined with a track record demonstrating the individual’s ability to lead and develop the Treasury team through ongoing mentoring and skill development; and,

A contemporary leadership style, solid interpersonal and communication skills that will allow effective interfacing with senior management, the Board of Directors, staff and regulators.

Please reply to Alan Small by email (small@cmaexecutivesearch.com), referring to Project 25401. We thank all who express an interest.  We will contact only those with backgrounds that closely meet the requirements. 

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