VP, Treasury Operations - Cash Management Administration
About The Position
The Role The Vice President of Cash Management & Banking Administration is a leadership role responsible for overseeing National Financial Services (NFS, LLC) banking relationships, and related operational activities. This role serves as a senior point of contact for our banking partners and ensures effective execution, governance and optimization of all bank related services supporting firm and client needs. The Team This dynamic team is part of Operations and Service Group (OSG) Account, Treasury and Tax Services Division (ATTS). The Treasury Operations team oversees brokerage (NFS, LLC) money movement, and cash operations through an integrated set of functions spanning Cash Management Services, Cash Management Administration, Product Management, Portfolio Management, and Money Movement Controls and Production Support. Together, the team manages the daily concentration of check deposit funds, supports cash management transaction processing, executes critical cash management settlements, maintains essential banking and account infrastructure, drives the strategic roadmap for cash and payment capabilities, and upholds strong operational controls and production stability.
Requirements
- Bachelor’s degree
- 15+ years of experience in bank operations, banking administration, or a related financial services field.
- Proven leadership experience managing high-performing operational teams.
- Expert knowledge of banking products, treasury services, cash concentration, and settlement processes.
- Strong understanding of bank documentation, contracts, entitlement governance, and invoice validation.
- Excellent analytical, communication, and relationship‑management skills.
- Ability to navigate matrixed organizations and collaborate across business, technology, risk, and legal functions.
Responsibilities
- Serve as the primary liaison to strategic banking partners.
- Lead ongoing bank performance and service reviews, including facilitation of formal bank scorecard evaluations.
- Monitor service quality, pricing, & operational performance across banking partners.
- Oversee the administration of all NFS, LLC bank accounts, including new account openings, account maintenance, documentation management, and timely closure of accounts as needed.
- Ensure accurate and current maintenance of authorized signers.
- Review, validate, and approve banking invoices; ensure charges are accurate, documented, and paid on schedule.
- Manage banking contracts and renewals in partnership with legal, risk, and procurement teams.
- Oversee daily cash concentration for clearing house funds & provide oversight for various cash management settlements
- Ensure adherence to internal controls, regulatory requirements, and industry best practices across bank administration processes.
- Provide administrative oversight and operational support for the FDIC Sweep program, ensuring accurate account setup.
- Collaborate with product, technology, and operations teams to enhance client experience and process efficiency.
- Develop a high‑performing team through coaching, mentoring, and workforce planning.
Benefits
- comprehensive health care coverage and emotional well-being support
- market-leading retirement
- generous paid time off and parental leave
- charitable giving employee match program
- educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career
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What This Job Offers
Job Type
Full-time
Career Level
Executive
