Senior Manager - Treasury Operations/Middle Office (...

Overview This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office. First Citizens Bank is seeking a Senior Treasury Manger to manage the Investment Operations Middle Office. This role is responsible for leading a team that provides critical support to the Bank's Treasury and Capital Markets trading desks, focusing on trade support, collateral management, reporting, and compliance with policies and regulations. In addition to overseeing day to day tasks, the Senior Manager will also be responsible for modernizing middle office workflows and processes to enhance operational efficiencies and support the Bank's continued growth. The successful candidate will collaborate across functions to mitigate risk, offer subject matter expertise, and implement key business strategies. Responsibilities Lead and develop the Middle Office team by providing direction, managing workloads, facilitating growth opportunities, and aligning responsibilities to optimize team performance while ensuring seamless day-to-day operations. Oversee collateral management for Public Fund deposits, Intercompany, and derivatives. This will include booking collateral movements, tracking encumbrance status, reconciling mark-to-market valuations, initiating margin calls, and producing the associated business reporting for the bank. Build strong relationships with internal stakeholders such as front office, back office, accounting, legal, technology, risk management and liquidity management to drive initiatives and new product offerings forward. Analyze front-to-back workflows and capabilities. Identify gaps and offer re-engineering solutions to mitigate risk, improve data quality and/or realize efficiencies. Maintain policies and procedures and ensure continued compliance. Partner with internal and external audit to answer questions and guide them through reviews. Implement action plans that address audit findings and self-identified issues. Manage day-to-day trade support such as affirming trades, executing OTC trade confirmations, and approving wires/disbursements. Develop, maintain, and monitor trader limits, counterparty exposures, and compliance rules and controls. Onboard new trading counterparties and accounts by performing due diligence and facilitating document negotiations with legal and credit for ISDA/CSA, MRA/CUA, MSFTA, etc. Champion a sense of continued, incremental improvement. Drive change and present achievements to stakeholders and senior management. Qualifications Bachelor's Degree and 6 years of experience in Banking Treasury/Finance OR High School Diploma or GED and 10 years of experience in Banking Treasury/Finance Other Preferred Qualifications 10+ years of experience or equivalent in a middle office or trading operations role, preferably in capital markets or corporate treasury 5+ years managing a team in a fast-paced environment Bachelor's Degree, preferably in business or finance Extensive knowledge of trade processing and financial instruments (i.e. fixed income, foreign exchange, repo, debt, swaps, and interest rate derivatives, etc.) Excellent analytical and problem-solving skills in order to identify, understand, and address operational and technical issues Superior written and verbal communication skills Strong Microsoft Excel, Word, Visio, and PowerPoint skills Documentation experience with ISDA, MRA, MSFTA etc. An understanding of vendor offerings in Collateral Management or Public Fund spaces is a plus First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here: First Citizens Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race (including traits historically associated with race, such as hair texture and protective hairstyles), color, religion, national origin, sex, age, disability, protected veteran status, sexual orientation, gender identity, genetic information, military membership, application, or obligation, or any other legally protected status.

Created: 2024-11-02