PenFed is hiring a (Hybrid) Senior Manager, Treasury Operations at our Tysons, Virginia location. The primary purpose of this job is to supervise a manager or assistant manager along with potential other staff to develop and lead operational processes in cash and liquidity risk management, manage and implement mid-office operations for investment and derivatives trading, represent Treasury in cross-functional projects, and provide Treasury support services to internal/external stakeholders. Resp... more details
Overview Are you looking to take your career from good to great? As an employee of PenFed, every day is an opportunity to thrive, and be part of a team working to ensure our organization is providing world class service to our members, employees, and our communities. We exist to help our members realize their full potential, educate and encourage their dreams, and make every effort to follow our mission and help our members “do better.” Joining PenFed is more than being an employee; it’s about being a part of the PenFed family. PenFed is hiring a (Hybrid) Senior Manager, Treasury Operations at our Tysons, Virginia location. The primary purpose of this job is to supervise a manager or assistant manager along with potential other staff to develop and lead operational processes in cash and liquidity risk management, manage and implement mid-office operations for investment and derivatives trading, represent Treasury in cross-functional projects, and provide Treasury support services to internal/external stakeholders. Responsibilities Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned. Liquidity and Corporate Cash Management Maximize PenFed’s liquidity position by actively managing all of PenFed’s lendable collateral, ensuring all available collateral is being utilized. Manage the monthly collateral pledging processes to include reviewing and transmitting loan files to the Federal Reserve Bank and the Federal Home Loan Bank. Manage and implement daily cash management wires and activities, verify and approve corporate wires up to assigned limit. Monitor cash levels to ensure optimal cash position in balance sheet. Maintain and track usage of liquidity sources by performing monthly reporting, periodic line testing, and annual certification. Develop and set up new processes for new funding programs to support balance sheet growth. Oversee banking and financial institution relationships including proper maintenance of signors’ list, authority limits and related documentations to ensure uninterrupted operations. Mid-Office and Settlement Management Manage and implement mid-office operations for investment and derivatives trading transactions. Manage daily cash collateral margin calls. Develop new settlement procedures to support new trading methods. Onboard new brokers/dealers for investment and derivatives trading including the review and implementation of legal documentations. Maintain/update PenFed’s list of approved brokers/dealers and perform annual due diligence. Cross-Departmental and External PenFed Representation Follow the policy-driven processes to nominate, implement, and periodically re-certify Assistant Treasurers/Wire Approvers for all of PenFed’s Financial Centers, Service Centers, and Mortgage Operations. Manage deposit rate change process by updating Rate Sheets and ensuring any deposit rate changes are entered accurately in core system. Represent Treasury as Point of Contact in business continuity and other enterprise-wide risk management efforts. Review/update Treasury Policies & Procedures and identify/implement tasks required to ensure operational compliance. Review operational risks and identify mitigation strategies. Qualifications Equivalent combination of education and experience is considered. Bachelor’s Degree in accounting, economics, finance, statistics or related field required. Minimum of ten (10) years of experience in a financial services organizations required. Minimum of two (2) years of direct management experience required. Supervisory Responsibility This position will supervise employees. Licenses and Certifications Certified Treasury Professional (CTP) or similar qualification preferred. Work Environment While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise. *Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.* Travel Ability to travel to various worksites and be on-call may be required. About Us Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions with over 2.8 million members and over $36 billion in assets. We serve members in all 50 states and the District of Columbia, as well as in Guam, Puerto Rico and Okinawa. We are federally insured by NCUA and we are an Equal Housing Lender. We are available to members worldwide, via the web, seven days a week, twenty-four hours a day. We provide our employees with a lucrative benefits package including robust medical, dental and vision plan options, plenty of paid time off, 401k with employer match, on-site fitness facilities at our larger locations, and more. Equal Employment Opportunity PenFed management will maintain and observe personnel policies which will not discriminate or permit harassment or retaliation against a person because of race, color, creed, age, sex, gender, gender identity, gender expression, religion, national origin, ancestry, marital status, military or veteran status or obligation, the presence of a physical and/or mental disability or medical condition, genetic information, sexual orientation, and all statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment. PenFed will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same. PenFed will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to PenFed. Contact human resources (HR) with any questions or requests for accommodation at 402-639-8568.
