Treasury Manager

Bessemer Trust•Woodbridge Township, NJ

7h•Hybrid

About The Position

The Treasury Group at Bessemer Trust is looking for a Treasury Manager to join their team. This is an exciting opportunity to join a team of talented professionals to help manage the firm’s banking balance sheet and deposit activities, actively contribute to net interest income forecasts, and participate in corporate initiatives.

Requirements

Bachelor’s degree in finance, accounting, or related field of study
7+ years of treasury, asset and liability management, or banking experience
Strong knowledge of bank balance sheet management, regulatory capital frameworks, and liquidity regulations
Advanced Excel skills and experience with financial modeling and forecasting
Proven ability to work independently, be resourceful in solving problems, and prioritize multiple assignments in a fast-paced environment to meet required deadlines
Excellent written and verbal communication skills, which will be required to interact with numerous colleagues and groups across the organization
Excellent attention to detail and organization skills
Shows tact, discretion, and good judgment in handling sensitive and confidential matters and documentation
Able to work overtime sometimes with short notice

Responsibilities

Actively manage banking assets, liquidity, interest rate risk, and liabilities and related compliance with regulatory capital ratios, internal policies, and pledging requirements
Perform daily monitoring of projected and actual deposit activity for two depository institutions
Propose and execute transactions required to adjust the allocation of banking assets and liabilities
Manage the daily projection and activity of each bank’s balance at the Federal Reserve Bank
Project stable deposit levels to determine maximum loan availability
Determine the amounts available to invest in the banks’ laddered fixed income portfolio and then work with Fixed Income investments team to develop proper allocation strategy and deployment
Develop appropriate assumptions for inclusion in the banking net interest income forecast
Prepare comprehensive banking schedules for Board of Directors meetings
Prepare recurring reports for Banking Committee meetings
Oversee and enhance production of daily, weekly, and monthly Treasury reports
As opportunities arise, coordinate with IT colleagues to obtain, analyze, and enhance data, reports and other tools
Perform required maintenance for each bank’s line of credit with the Federal Reserve Bank of New York
Focus on refining policies and enhancing internal operations to improve efficiency and controls
Create ad hoc reports for senior management, as requested

Benefits

Eligible employees may participate in a 401 (K) program with a company profit sharing contribution, medical, dental, vision, life insurance and disability covering and paid holidays, vacation, and sick days.
Competitive base salary plus discretionary annual bonus for select positions
A 401(k) plan with a generous annual profit-sharing contribution
Personalized development and career opportunities, including tuition reimbursement support
Comprehensive medical, dental, and vision plans with zero contributions for employee coverage
Employee assistance (EAP) and wellness programs
Hybrid work environment: 60% in office, 40% remote for most positions
Paid time off and paid parental leave
Employer-paid life insurance and short- and long-term disability coverage
Legal services and financial wellness plans at no cost to employees