Treasury Operations Manager
About The Position
The Treasury Operations Manager leads key Treasury Operations activities and a team responsible for daily cash management, funds transfers, cash positioning, bank account administration, payment processing, reconciliation support, and issue resolution with internal and external partners. The role ensures the Bank meets financial obligations accurately, promptly, and with appropriate controls. The Manager drives process improvements, automation, and operational efficiency while maintaining a strong control environment. The position supports Treasury technology initiatives, including enhancements to existing systems and participation in future Treasury Management System implementations. As a first line of defense leader, the Manager ensures procedures, controls, and documentation are maintained and executed effectively. The role collaborates across Treasury and with Accounting, Compliance, Risk, Legal, Technology, and external banking partners to support Treasury activities within established policies, regulatory requirements, and governance standards. It can be based in Sallie Mae’s Salt Lake City, Utah, or Arlington, Virginia office.
Requirements
- Bachelor's degree in Finance, Accounting, Economics, Business, or a related field.
- 5–10 years of Treasury Operations, cash management, banking operations, or related financial services experience.
- At least 2 years of people leadership, supervisory, or team lead experience.
- Experience with cash positioning, wire transfers, bank account management, payment operations, and operational controls.
- Strong understanding of internal controls, risk management, and governance practices.
- Advanced proficiency in Microsoft Excel, Word, and PowerPoint.
- Experience using financial systems, general ledger platforms, databases, and reporting tools.
- Strong analytical, problem-solving, organizational, and communication skills.
- Ability to lead and develop a team, manage multiple priorities in a fast-paced environment, appropriately escalate risks and issues, and build effective working relationships.
- Knowledge of Treasury Operations, cash management, payments, liquidity management, and bank account administration.
Nice To Haves
- MBA, Master's degree, or equivalent advanced education.
- Certified Treasury Professional (CTP), CFA, CPA, or comparable professional certification.
- Experience with Treasury Management Systems such as Kyriba, GTreasury, FIS Quantum, or similar.
- Experience with process automation, data analytics, SQL, Power BI, Alteryx, or similar reporting tools.
- Experience supporting audits, regulatory examinations, SOX controls, and operational risk management programs.
- Banking or financial institution Treasury experience.
Responsibilities
- Lead a team responsible for daily Treasury Operations activities.
- Oversee cash management, funds transfers, cash positioning, correspondent bank account administration, payment processing, reconciliation support, and issue resolution.
- Ensure financial obligations are met in a timely, accurate, and controlled manner.
- Drive process improvements, automation initiatives, and operational efficiencies while maintaining a strong control environment.
- Support Treasury technology initiatives, including system enhancements and future Treasury Management System implementations.
- Maintain and ensure effective execution of procedures, controls, and documentation as a first line of defense leader.
- Collaborate with Treasury, Accounting, Compliance, Risk, Legal, Technology, and external banking partners.
- Support audit, regulatory, compliance, and risk management activities through effective documentation and control execution.
Benefits
- Competitive base salaries
- Bonus incentives
- Generous PTO, floating holidays, and 12 observed federal holidays
- Financial-well-being and retirement support
- 401(k) with employer match
- Medical, dental, vision, hospital indemnity, critical illness, and pet insurance
- Employer-paid short-term and long-term disability and basic life insurance
- Flexible hybrid working arrangements
- Paid parental leave and adoption reimbursement programs
- Access to on-site staffed fitness centers in Delaware and a gym subsidy for locations outside Delaware
- Confidential counseling support (EAP), Health Advocacy services, and a Wellness program with financial incentives
- Tuition reimbursement and Family Scholarship Programs
- Career development and training opportunities
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What This Job Offers
Job Type
Full-time
Career Level
Manager
