Treasury Operations Associate II
About The Position
Freddie Mac is seeking a Treasury Operations Associate II to oversee payment execution and ensure that cash activity is processed in accordance with corporate compliance and regulatory guidelines, including OFAC requirements. The position supports the company’s business lines by processing cash and securities wires and ACH payments, reconciling activity with banks and clearing firms, managing payment authorization governance and related risks, and maintaining the integrity of payment instructions. The role also contributes to payment-processing improvements, operational controls, fraud prevention, resiliency and disaster-recovery planning, supplier risk assessments, and banking relationship management. It prepares and presents monthly Treasury Operations management reports focused on key risk and control indicators and payment volumes, evaluates monthly bank fees, and provides support to stakeholders. Treasury Operations is responsible for compliant cash processing across the company.
Requirements
- Bachelor's degree and at least 1 year of relevant work experience.
- Strong data analytical skills.
- Strong verbal and written communication skills.
- Strong analytical, critical-thinking, and problem-solving skills.
- Excellent organizational skills.
- Highly motivated, with a desire to learn and adapt.
- Customer-service orientation.
Nice To Haves
- Understanding of Treasury Services, Cash Management, and Banking Services, including investment instruments, rules, regulations, compliance, fraud prevention, and related risks.
- Understanding of Federal Reserve payment systems.
- Banking and financial industry knowledge.
- Knowledge of NACHA processes and rules.
- Familiarity with artificial intelligence.
- Familiarity with Microsoft Office.
Responsibilities
- Process cash and securities wires and ACH payments in support of the firm's business lines.
- Perform daily balancing and reconciliation with banks and clearing firms.
- Govern authorized payment approvers, the Electronic Funds Transfer (EFT) Authority process, and payment-instruction setup.
- Manage risks associated with authorized payment approvals and payment processes.
- Assist with projects to strengthen Freddie Mac’s payment processing, including completing new business impact assessments.
- Develop, modify, and execute departmental controls and procedures.
- Perform detective and preventative payment monitoring to identify fraud and operational errors.
- Ensure the integrity of the company’s wire and ACH payment instructions.
- Monitor transactions for adherence to OFAC requirements.
- Execute risk assessments and document processes to support effective responses to resilience events.
- Partner with Information Technology to develop, maintain, and test disaster-recovery and restoration plans.
- Design and execute business resiliency and disaster-recovery tests.
- Perform supplier risk assessments.
- Manage banking relationships and bank services, including those involving the Federal Reserve.
- Evaluate monthly bank fees.
- Prepare and present monthly Treasury Operations management reports focused on key risk indicators, key control indicators, and payment volumes.
- Provide support to stakeholders.
Benefits
- Comprehensive total rewards package.
- Competitive compensation.
- Market-leading benefit programs.
- Eligibility to participate in the annual incentive program.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
