Corporate Treasury Operations Analyst 2

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Regular or Temporary:

Regular

Language Fluency:  English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

Mid-level position to contribute to the success of Investment Portfolio Operations, Corporate Funding Operations or Collateral Management Operations. Teams that play a critical role in supporting the strategic and financial objectives of Truist Financial Corporation.
Provide comprehensive support of Truist Financial Corporation’s Treasury Division, as well as support of certain Truist Capital Market’s products, Treasury Service’s and Deposit Service’s products, and bond accounting functions for other departments and subsidiaries.
Ensure integrity in all aspects of trade order management, settlement, collateral management, accounting, compliance, reporting and control for a $75+ billion fixed income portfolio, $75+ billion funding portfolio, pledged investment securities and pledged loans.
Contribute to the achievement of the organization’s strategic goals and objectives.
Ensure compliance with all laws, regulations, policies, procedures, accounting standards, and internal control procedures.

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.  

• Contribute to the success of Investment Portfolio Operations, a priority one mission-critical function with $75+ billion in investment securities. Responsible for trade execution, settlement, recordkeeping, accounting, income and expense collection/payment, compliance, reporting and control.
• Ensure timely and accurate settlement of all trades through various safekeeping agents.
• Support securities movement for intraday and stress liquidity events.  
• Monitor the Federal Reserve account and verify that all activity has posted and unknown activity returned timely.  
• Provide the Investment Portfolio Trade Log to the Front Office for daily activity.  Provide forecast of upcoming securities activity to the Moneydesk Team.
• Ensure timely and accurate reporting for weekly, monthly and quarterly Regulatory and SEC Reporting.   
• Execute general ledger accounting requirements, including month-end close.  
• Ensure accurate accounting for all investment portfolio accounts through review of reports and Corporate Reconcilement documents.  
• Responsible for justification of month-end yield and EOC analysis.  
• Ensure suspense accounts have been reconciled timely.
• Ensure maintenance of effective internal controls around systems and processes to assure safekeeping of assets and reliability of financial statements.
• Work with Internal/External Auditors to timely complete Audit requests.
• Perform and/or review maintenance to the systems of record for changes to banks, portfolios, security types, general ledger interface and other maintenance as needed.
• Markup Deposit Requests processing is a major function handled by this team.  
• Ensure accurate and timely processing of markups. 
• Ensure successful integration of investment portfolio products from a merged institution into Truist systems.  
• Participate in detailed mapping sessions and meetings to ensure the products will be integrated properly.   
• Balance Federal Reserve and DTCC for securities activity daily.
• Continuously promote teammate engagement, morale and team achievements.
• Corporate Funding Operations
• Contribute to the success of Corporate Funding Operations, a priority one mission-critical function with $75+ billion in corporate funding products.  
• Responsible for trade execution, settlement, recordkeeping, accounting, income and expense collection/payment, compliance, reporting and control.
• Daily, manage the high-profile Moneydesk function that is responsible for the funding of the Bank and the maintenance of Federal Reserve requirements.  
• Perform detail monitoring of all inputs/outputs of activity posting to the Federal Reserve account such as ACH, cash letters, coin and currency, large customer wires, securities activity, mortgage activity and NCSS settlements.  
• Send final notifications to Front Office and Executive Management with ending FRB balance and projected funding activity for the next day.
• Ensure timely and accurate reporting for weekly, monthly and quarterly Regulatory and SEC Reporting.   
• Execute general ledger accounting requirements, including month-end close.  
• Ensure accurate accounting for all funding accounts through review of reports and Corporate Reconcilement documents.  
• Responsible for justification of month-end yield and EOC analysis.  Responsible for Tax Reporting.
• Ensure maintenance of effective internal controls around systems and processes to assure safekeeping of assets and reliability of financial statements.
• Work with Internal/External Auditors to timely complete Audit requests.
• Perform and/or review maintenance to the systems of record for changes to banks, portfolios, security types, general ledger interface and other maintenance as needed.
• Wire processing is a major function handled by this team.  Ensure accurate and timely processing of wires.  
• May be designated as a Fedline Advantage administrator/supervisor in order to change limits and release wires for large wires.  
• Perform setup for new customers/repeat wires as required.
• Ensure successful integration of corporate funding products from a merged institution into Truist systems.  
• Participate in detailed mapping sessions and meetings to ensure the products will be integrated properly. 
• Responsible for BSA/ AML compliance for Corporate Treasury. This includes attending meetings, updating procedures and notifying team of changes to current practice.
• Continuously promote teammate engagement, morale and team achievements.
• Collateral Management Operations
• Contribute to the success of Collateral Management Operations, a priority one mission-critical function with multi-billions in investment securities and loans pledged.  
• Responsible for collateral management of pledged instruments from settlement, recordkeeping, accounting, compliance, reporting and control.
• Ensure timely and accurate pledging of all securities and loans through various safekeeping agents.  
• Support securities movement and loan pledging for intraday and stress liquidity events.
• Ensure timely and accurate reporting for weekly, monthly and quarterly Regulatory and SEC Reporting. 
• Execute the pledging of public fund, federal and bankruptcy deposits on a daily basis to comply with State Statutes in eighteen States and Federal regulations.  
• Provide explanations to manager for both securities and loan collateral variances month over month.
• Prepare weekly, monthly, quarterly and annual reporting required by State Administrators of public fund pools in thirteen States.  
• Prepare required reporting for both the Federal Home Loan Bank and the Federal Reserve Bank for loans that are pledged.
• Ensure maintenance of effective internal controls around systems and processes to assure safekeeping of assets and reliability of financial statements.
• Work with Internal/External Auditors to timely complete Audit requests.
• Perform and/or review maintenance to the systems of record for changes to the pledging program within the system of record to ensure that all aspects are in compliance with State and Federal regulations.  
• Ensure successful integration of pledged securities and loans a merged institution into Truist systems.  
• Participate in detailed mapping sessions and meetings to ensure the pledged instruments will be properly integrated.   
• Direct correspondence with public fund clients through calls, email and letters.
• Confidently be able to answer questions from public fund clients in various States with different pledging requirements.   
• Continuously promote teammate engagement, morale and team achievements.

Required Qualifications:

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Bachelor’s degree in Business or related field and 5+ years of banking experience associated with a sophisticated, high volume, investment portfolio operations function, funding operations function or collateral management function or an equivalent combination of education and work experience
• Two years of experience in Corporate Treasury Operations
• Ability to train teammates
• Ability to read and properly interpret and apply regulations
• Good understanding of financial markets and products including fixed income and equity investments, funding instruments and loans
• Contribute to the success of the team and promote team engagement
• Ability to handle several competing priorities concurrently, ability to handle a fast-paced stressful environment
• Strong organizational, analytical and interpersonal skills
• Ability to identify and resolve complex or diverse information in a timely manner
• Exceptional audit and review skills
• Excellent verbal and written communication skills
• Demonstrated proficiency in basic computer applications, such as Microsoft Office software products

Preferred Qualifications:

• MBA preferred
• Integrated knowledge of Corporate Treasury and the role it plays within Truist
• Bank audit experience

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.

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