Associate, Cash Management & Forecasting

Capital One • McLean, VA

23h • Onsite

About The Position

Capital One Corporate Treasury is seeking an enthusiastic, detail-oriented, self-motivated, intellectually curious, and highly dependable team player to support the Cash Management and Forecasting team. This operationally-focused role primarily involves managing daily cash activity across Capital One’s Federal Reserve account and corporate domestic and international correspondent bank accounts, as well as optimizing the network of correspondent bank accounts. The Associate will also facilitate intercompany lending activities and contribute to Treasury system enhancements and enterprise-wide payment initiatives. The ideal candidate should be comfortable building relationships with business partners to enhance team processes and understanding of company-wide activities for daily cash processes. The role involves developing tools for data analysis and modeling, with opportunities to leverage data analysis and code development. The candidate must be willing to learn basic and complex financial concepts. As part of the Cash Management and Forecasting team, the Associate will gain a broad understanding of Capital One's funding, investment, and reporting mechanics through daily cash activities, and will contribute to senior leadership guidance on cash positioning and management, and the execution of corporate initiatives.

Requirements

• Bachelor’s degree or military experience
• At least 1 year of experience in Financial Analysis, Treasury, or a combination

Nice To Haves

• Bachelor’s Degree in Business, Finance, Statistics, Math, Physical Sciences, or Computer Science
• 1+ years of experience in banking cash management, cash forecasting, or a combination
• 1+ years of experience with Quantum software
• 1+ year experience with SQL querying
• 1+ year of experience in Python, R, or a combination
• 1+ year of experience with Google Suite
• Certified Treasury Professional designation

Responsibilities

• Establish and run daily cash positions to optimally position end of day account balances
• Communicate information to support daily funding and investment decisions
• Interact with internal business partners to communicate changes in projected cash balances and discrepancies in forecasted settlements
• Understand the intricacies of the Federal Reserve Payment system, funds settlement and cash management
• Partner with internal stakeholders to run ad hoc analyses and/or explain changes in cash and/or forecasts settlements reconciliation, compliance, and corporate accounting teams to execute and reconcile cash transactions
• Advise on Treasury matters related to acquisition integrations, new business activities, bank account openings, closings and banking product recommendations
• Have the desire to constantly review processes with an eye to reduce risks and improve efficiencies and effectiveness
• Work with enterprise-wide technology teams to source relevant data and manipulate the data to business-user-friendly format for data analysis via appropriate tools

Benefits

• comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being
• performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI)

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 5,001-10,000 employees