Associate, Treasury, Global Banking Operations
About The Position
The Associate, Treasury, Global Banking Operations supports the treasury team in managing portal administration, governance, and operational oversight of the company’s global banking and collateral account infrastructure. Reporting to the AVP, Treasury Trust Account Management, the role works closely with Treasury, Accounting, Investment Operations, New Business Integration, and external banking partners to support new transactions, legal entity onboarding, and ongoing account governance while ensuring compliance with internal policies and banking requirements. The position is based in the Jersey City, New Jersey office on a hybrid basis. Responsibilities span liquidity and cash management support; lifecycle administration of bank, custody, trust, and investment accounts; governance and documentation, including KYC, AML, and authorized signer records; treasury operations and payments; banking relationship and service management; global banking and user-access administration; and risk and control assessments.
Requirements
- Bachelor’s degree in finance, accounting, business administration, economics, or a related field.
- At least 2 years of experience in treasury operations, banking operations, cash management, trust operations, custody operations, accounting, or related financial services.
- Experience opening and maintaining operating and custody accounts.
- Familiarity with banking documentation, KYC/AML requirements, authorized signer governance, and account administration processes.
- Highly motivated and results-oriented.
- Strong verbal and written communication skills.
- Detail-oriented and highly organized.
Nice To Haves
- Experience within insurance, reinsurance, asset management, or financial services organizations.
Responsibilities
- Support daily liquidity reporting, cash positioning, evaluation and resolution of shortfalls, short-term cash and investment portfolio reporting, and cash flow forecasting.
- Contribute to automation and continuous improvement of cash forecasting processes and assist Treasury leadership with cash management, bank relationships, and short-term investments.
- Manage the lifecycle of bank, custody, trust, and investment accounts, including opening, maintenance, repurposing, and closure.
- Administer bank accounts supporting cash disbursements, intercompany transfers, and related data capture.
- Coordinate account setup for new transactions and business initiatives with New Business Integration & Evaluation and other stakeholders.
- Maintain a centralized inventory of active financial accounts and ensure accounts are properly established and maintained in SAP and other internal systems.
- Maintain Authorized Signer Lists, signature cards, and other account governance documents; coordinate signatory updates resulting from organizational changes, corporate actions, or regulatory requirements.
- Assist with KYC, AML, tax, and account documentation for new and existing accounts, including onboarding and periodic refresh activities.
- Maintain documentation supporting account openings and changes, payment authorities, user entitlements, internal controls, and audit requirements.
- Support treasury operations, including payment processing and cash reconciliations.
- Enter, review, and approve cash and securities transfer instructions through approved banking and custody platforms, ensuring appropriate approvals and documentation.
- Coordinate with Treasury, Accounting, and Investment Operations to facilitate timely settlement of cash and securities movements.
- Support global payment activities, including foreign currency transactions and international remittances.
- Serve as the primary operational contact for banking, custody, and trust account administration matters.
- Coordinate with Investment Operations and banking partners to resolve service, reporting, and operational issues.
- Review and validate bank invoices, custody fees, and service charges for reasonableness and alignment with contractual arrangements.
- Work with banking providers to improve operational efficiency, reporting capabilities, and service delivery.
- Maintain an understanding of international custody, settlement, and banking requirements across key markets and coordinate account and market access needed for global activities.
- Ensure users maintain appropriate online banking, custody, and reporting platform access; periodically review user entitlements and system access.
- Coordinate onboarding and removal of user access in accordance with company policy and segregation-of-duties requirements.
- Assist with treasury risk and control assessments and implement improvements as identified.
- Ensure processes comply with applicable internal controls, policies, and regulatory requirements.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
