United Community Bank Blairsville , GA 30512
Posted 2 months ago
Job Title: Treasury Operations Analyst
Reports To: Treasury Controller
Direct Reports: N/A
Salary Grade: 6
SUMMARY
This position is responsible for ensuring the integrity of Treasury Operations' business activities such as the accurate processing of investment transactions, the processing of investment accounting transactions, and the adequate tracking and pledging of collateral for investments and public depositors. This includes the building of relationships and processes with safekeeping banks and investment brokers.
EDUCATION AND EXPERIENCE REQUIREMENTS
Bachelor's degree or equivalent experience in accounting or finance preferred
Ability to work under strict time deadlines and assume ownership of role
Strong computer, organizational, communication and management skills
Proficient in Microsoft Office programs
Ability to work independently with little or no supervision
Ability to prioritize assigned tasks
Ability to work with sensitive and confidential information
Participate in all required compliance training, including Bank Secrecy Act/anti-money laundering training, as well as internal and external training programs, online training, meetings, and seminars/conferences, etc.
JOB FUNCTIONS
General Operations
Ensure timely and accurate settlement of trades, i.e. bonds, brokered & bank certificate of deposits, reverse repo, swaps, tri-party, FHLB Advances & Overnight Fed Funds
Verify trades within bond accounting system
Assist with wires related to investments, wholesale funding, derivatives and other transactions as appropriate
Calculate and send notices on a monthly basis to counterparties relating to interest due on cash margin
Assist with Investment Subsidiary Principal & interest monthly payments as appropriate
Maintain documentation associated with counterparties and transactions within bond accounting system
Collateral Management
Monitor public deposit accounts daily to ensure adequate collateral
Monitor and manage collateral by working with safekeeping agents to release and re-pledge securities as needed for public deposits, repurchase transactions, swaps and other borrowings
Maintain accurate collateral records in bond accounting system
Assist with reviewing bond accounting and safekeeping reports for accuracy
Prepare monthly reporting as required for state collateral pools
Assist with customer service relating to public customers and their auditors
Derivatives
Verify derivative transaction entries in derivative system
Affirm derivative information within Markitwire matches trade details for cleared derivatives
Confirm information received from counterparty matches trade details for bilateral derivatives
Settle periodic (depending on terms) payments between UCBI and counterparties for bilateral derivatives
Settle accounts with clearinghouses for margin, fees and payments daily
Post all necessary entries related to derivative trades and settlements
Reporting
Other
Perform special projects and additional duties as assigned
Develop a working understanding of how bond accounting and derivative system works and the products being loaded
Update procedures for all aspects of Treasury Operations activities
SUPERVISORY RESPONSIBILITY
This position does not have any direct reports.
WORK ENVIRONMENT
United location within the footprint
POSITION TYPE
This is a full-time position that requires schedule flexibility to work evenings and weekends as needed.
TRAVEL
This position requires up to 10% travel.
OTHER
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity and/or expression, status as a veteran, and basis of disability or any other federal, state or local protected class.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice.
United Community Bank