Treasury Analyst

Peapack-Gladstone Bank is a well-recognized, high-performing boutique bank; a leader in wealth, lending and deposit solutions, capable of providing the most sought-after products and services that fulfill all of our clients' needs. We offer an innovative approach to private banking to help clients establish, maintain and expand their legacy.

What makes Peapack-Gladstone Bank different from our competition? We are an institution that's over 100 years old that has always believed in putting the well-being and needs of our employees and our clients first. We are proud to be recognized for the sixth consecutive year, by American Banker as one of the 'Best Bank to Work For' across the nation. Our secret sauce in one word is our 'culture'. We value a diverse, equitable, inclusive and safe workspace. Our one-team culture goes to great lengths to show all employees that they are valued members of the team. We treat each other as family, and as such, communicate throughout the Bank in a transparent and frequent manner, respect and value feedback from all levels and operate with a philosophy of hospitality and general human kindness.

There are multiple way to build relationships and get involved; from joining one of our Cultural Ambassador Sub-Committees focused on our Wellness, Employee Fun, Diversity & Inclusion, or Environmental Awareness, to involvement in multiple community service activities through our Volunteerism outreach, to joining LIFT (an committee focused on enriching the lives of women - Leading Inspiring Females Together). Said quite simply, the culture is amazing!

Position Overview:

Under the direction of the Cash Manager and the Cash Management Supervisor, the Treasury Analyst assists in managing the mobilization and flows of daily cash, including especially controlling external accounts, handling domestic and foreign wires, and settling Securities. Other duties may be assigned as needed.

Responsibilities:

• Helps to manage the activity in all PGFG cash accounts including (15%):

• The Federal Reserve (including Reserve Requirement)

• The Federal Home Loan Bank New York (including borrowing and payback)

• Wells Fargo

• Responsible for the coordination, execution and dispatch of incoming and outgoing wire transfers including, as necessary (50%):

• Interbank transfers

• Free form wires

• Template wires

• Branch initiated wires

• Draw Downs

• Foreign wires, both USD and foreign currency

• Develops accounting entries for (5%):

• Correspondent Banks

• Borrowings from the FHLB, Federal Reserve and federal funds from correspondents

• The Reich & Tang fee and interest expense, throughout the month as required.

• Foreign exchange wires done via Wells Fargo CEO

• Manual entries as necessary for client wires and fees

• Provide back-up accounting for Finance staff on leave

• Monitors for funds transfer fraud and OFAC violations. Collaborates with the Compliance Department as necessary (10%).

• Maintains cash planning, analysis and reporting to measure and monitor efficient operations and liquidity volatility risk (5%).

• Assists in managing the pledging of securities collateral for the Federal Reserve and Federal Home Loan Bank (5%).

• Performs client service by supporting the money transfer needs of Private Bankers, Treasury Services, Commercial Bankers and Branch Managers (5%).

• Provides collateral management support to the manager of the Investment Portfolio to settle securities sales and purchases (5%).

Qualifications:

Required:

• Prior experience with bank cash management and wire transfers

• Bachelor's degree or equivalent experience

• Knowledge of Accounting

• Working Knowledge of Microsoft Word, Excel, Outlook

• Knowledge of Jack Henry Silverlake (Xperience), FedLine (FRB), FHLB (1Link and 1LinkSK for collateral), Synergy.

Preferred:

• Knowledge of OFAC
• Working knowledge of SWIFT
• Experience settling Securities

Benefits

Peapack-Gladstone Bank offers medical, dental, and vision coverage to full-time employees, in addition to a competitive PTO package and 401k match.