Manager of Banking Operations

Office of the Illinois State Treasurer•Springfield, IL

11d•$86,000 - $90,000•Onsite

About The Position

The Manager of Banking Operations is responsible for planning, organizing, and directing assigned aspects of the State Banking Division according to Illinois law and office policies, including compliance with all internal and external audit controls under the direction of the Division Director and Deputy Director. This position serves as an authorized investment officer for State Investments. Attendance is an essential function of this position.

Requirements

Bachelor’s degree in accounting/finance/business or any related field; five (5) or more years of experience in areas of banking with an emphasis in investment and trust operations; two (2) or more years of experience in supervising a small staff; OR any equivalent combination of education and experience that provides the required knowledge, skills, and abilities to carry out the duties of the position.
Strong Microsoft Office product knowledge, with the ability to create complex spreadsheets
Excellent communication skills
Strong organizational skills
Strong analytical skills
Detail oriented
Strong interpersonal skills
The ability to multi-task and work in a team environment
Ability to maintain satisfactory working relationships and communicate effectively with all levels of staff and the general public

Responsibilities

Performs calculations to determine available cash balances of various funds in the State Treasury and authorizes investments in the specific accounts based on Illinois law with guidance from Division Director and Deputy Director
Reviews and approves Automated Clearing House (ACH) and wire transfer activity initiated by support staff
Reviews and approves transactions recorded daily to the appropriate systems by support staff
Monitors the balancing process for all financial institutions on behalf of the Illinois State Treasury to ensure the accurate and timely completion of prescribed procedures
Works closely with Illinois State agencies on electronic solutions for receiving deposits
Maintains the integrity and ensures that all financial information concerning investments has been accurately accounted for on the appropriate State Treasury’s information technology systems
Responsible for the compiling and disseminating of documentation for the respective annual fiscal audit, transition audit and internal audit
Responsible for SOC-1, or other externally audited reports, analysis, including requesting all required documentation from contractual financial institutions, vendors and sub-service providers along with preparing the report for senior staff of the Division
Responsible for performing quarterly due diligence reviews on contractual financial institutions and providing an analysis to senior staff
Serves as a primary security administrator for all treasury/cash management systems
Serves as the Treasurer’s liaison to all state agencies in providing support and assistance on electronic funds transfer (EFT) and federal government draw down programs
Assists with the resolution of draw down discrepancies, preparation of necessary documentation and provides direction for ensuring timely receipt of funds into the Comptroller’s accounting system
Works closely with Division of Fiscal Operations to assist with correcting any discrepancies on bank account reconciliations
Provides reports and information of a complex nature on special projects and Request for Proposals (RFP) for banking and treasury services/systems
A member of the RFP review team for banking and treasury management services/systems
Responsible for the management of the entire process related to the payment and reimbursement of Illinois College Bonds
Serves as an authorized investment officer for the State Investments, executing trades at the direction of the Chief Banking Officer, Director of State Banking, Deputy Director of State Banking, Director of State Investments, and/or Deputy Director of State Investments.
Supports the senior management of State Banking in the daily operations
Creates and performs analysis on complex statistics and financial information as necessary to generate accurate and timely reporting to management
Assists with special treasury and banking projects/reports
Works with senior management in the research, testing and implementation of ways to improve the efficiency of the State Banking Division through the use of new processes, procedures and/or systems
Promotes a positive, productive working relationship between members of the State Banking Division Staff and other members of the Office of the Illinois State Treasurer, other Illinois State agencies, the general public, and contacts at other financial institutions
Supervises assigned workflow and staff
Interviews and trains assigned employees, plans, assigns, and directs work, appraises performance, and provides positive feedback and constructive criticism to employees
Performs other duties as assigned or required which are reasonably related to the duties enumerated above
Attends continuing education conferences
Attends annual training sessions with respect to treasury management services

Benefits

A Pension Program
Competitive Group Insurance Benefits including Health, Life, Dental and Vision Insurance
Up to 4 Paid Personal Business Days annually
12 Paid Sick Days annually (Sick days carry over from year to year)
15-25 Days of Paid Vacation time annually - (15 days in year one of employment)
13 Paid Holidays annually, 14 on even numbered years, and 1 Floating Holiday.
12 Weeks Paid Parental Leave
Deferred Compensation Program - A supplemental retirement plan
Optional Pre-Tax Programs such as Medical Care Assistance Plan (MCAP), Dependent Care Assistance Plan (DCAP)
Federal Public Service Loan Forgiveness Program eligibility
Commuter Savings Program (Chicago only)