Associate Director, New York Treasury

Job DescriptionRole Title: Senior AssociateAssociate Director, New York Treasury*In case you are experiencing any issues with your application via LinkedIn please could you email your CV to to apply* Role location: New York About Westpac: We are Australia's first bank and oldest company, and one of four major banking organisations in Australia. This opportunity sits in our New York office working for Westpac's Group Treasury business.How will I help? The role of Senior Associate Associate Director, New York Treasury is to manage funding and liquidity of the New York balance sheet: Key responsibilities will include Working with various stakeholders within the New York branch to ensure an efficient balance sheet outcome as directed by the Head of E&A Treasury. Managing the Federal Reserve (Fed) process and obligations and USD liquidity with the Fed and JPM NY Nostro including USD intraday liquidity. Cash management of the New York Nostros for meeting payment obligations. Daily forecasting and reconciliation of New York's cash positions to ensure the Nostro positions are funded every day, and cash management controls are sound. Daily deal execution for FX swaps, intragroup funding and collateral, and trade booking to ensure all cashflows and risk is captured correctly and in a timely manner. Oversee New York collateral obligations including overseeing collateral flows, fees and short-dated funding, and reconcile collateral stock positions available for posting. Working closely with Operations to ensure all NY loan drawdowns, rollovers and early repayments are captured in the cash management position and funded on a timely manner and escalated to Head of E&A Treasury if there are any issues Working closely with Operations to ensure the loan end to end process for funding and liquidity is best practice and safe and sustainable. Assisting with trade booking for USCP & YCD issuance where required Assisting with repo execution, booking and funding where required Funding of New York Nostro accounts to ensure payment obligations are met in a timely manner Manage funding and liquidity risk of the New York balance sheet in line with the Liquidity Risk Management (LRM) - New York policy Develop and maintain desk procedures for cash and liquidity management processes. Ensure these are accessible to BCP fallback locations. Cross-border funding trades booked in-line with tax approved pricing methodology Compliance with Volcker obligations, policies and controls Fed account funding and meeting any Fed Account access obligations including maintaining access to the Discount Window and keeping up to date procedures Escalate any NY cash and liquidity issues to the Head of E&A Treasury and escalation tree in the LRM - New York Policy Performance of any cash and liquidity management controls as requiredWhat's in it for me? In a newly created role in New York, you will work as part of a global team supporting the growth ambitions of a key business in Westpac. This position provides exposure to a global business with key stakeholders across the New York, London, and Sydney.You will have access to a comprehensive range of Westpac benefits including flexibility and various leave entitlementsFixed Comp Range of $140,000 - $180,000 USD (depending on level and experience) + bonus benefits What do I need? A strong understanding of FED process and USD Nostro account management including intraday liquidity management An understanding of funding, liquidity and balance sheet management. An understanding of sound liquidity management principles and reforms. A good understanding of the specific front office product systems A good understanding of the settlement process A good understanding of money market products and other financial market instruments. High degree of attention to detail and accuracyWhat's it like to work there? When you join, you'll become part of the broader Westpac Group family - where we aim to be a friendly, switched-on team working for a single purpose - Creating Better Futures Together - it's what we do, who we are and why we come to work every day. As an equal opportunity employer, we're proud to have created a culture where people can be their best, in an environment that values diversity and flexibility.Within the Westpac Group, you will be part of the Institutional Banking division, where our vision is to be a high performing and innovative institutional bank, committed to enabling the growth of our global clients, our economy, and delivering sustainable shareholder returns.How do I Apply? Start Here. Just click on the APPLY button.As part of our commitment to creating a diverse and inclusive workplace, this role is open to experienced candidates seeking a discussion around workplace flexibility. We invite candidates of all ages, people with a disability and Indigenous Australians to apply.

Created: 2025-02-21