Treasury Operations Manager

Our vision for the future is based on the idea that transforming financial lives starts by giving our people the freedom to transform their own. We have a flexible work environment, and fluid career paths. We not only encourage but celebrate internal mobility. We also recognize the importance of purpose, well-being, and work-life balance. Within Empower and our communities, we work hard to create a welcoming and inclusive environment, and our associates dedicate thousands of hours to volunteering for causes that matter most to them.

Chart your own path and grow your career while helping more customers achieve financial freedom. Empower Yourself.

The Treasury Operations Manager reports to the Senior Director, Treasury Operations, and leads Treasury’s effort to maximize returns on cash investments, implements/operates treasury management system modules, streamlines processes and leads automation efforts, for the second-largest retirement plan provider in the US. They provide a broad scope of support and oversee specific treasury responsibilities.

What you will do:

• Lead Treasury’s efforts to maximize returns on cash balances through the management, accounting and reporting of sweep investment vehicles or other investment options
• Lead and assist with treasury management system (TMS) implementation
• Recommend and implement solutions to streamline processes, strengthen operational controls, and incorporate best practices, including related documentation
• Lead small automation and IT initiatives to streamline and automate existing manual processes
• Design and implement new management reports to guide decision making and highlight trends and variances
• Monitor and analyze bank fees to optimize ECR and reduce fees; negotiate annual bank fee updates
• Lead Treasury audit efforts by liaising with auditors to provide interim and annual audit documentation
• Build positive banking relationships with depository banks
• Work with treasury management to maintain and rationalize the company’s choice of key global banks including the analysis of bank fee structures, services, relationships, credit levels and counterparty credit quality/exposure
• Assist other departments with quarter-end and ad-hoc information requests as needed
• Support corporate accounting, corporate tax, financial planning, internal audit and other functions as they relate to treasury transactions and entity structures
• Prepare journal entries, as needed, for Treasury transactions that are not automated
• Participate in other projects as requested

What you will bring:

• Bachelor’s degree in finance, accounting, economics or related field preferred
• 10+ years of corporate treasury experience
• Ability to quickly understand complex transactions and banking cash flows
• Knowledge of the banking industry and technical knowledge of bank products
• Ability to apply finance and …