Treasury Manager

    • Date:
    • June 23, 2017
    • Location:
    • Sandy, UT
    • Job Function:
    • Treasury
    • Req. Number:
    • 2343

Description

Green Dot Corporation, along with its wholly owned subsidiary bank, Green Dot Bank, is a pro-consumer financial technology innovator with a mission to reinvent personal banking for the masses. Green Dot invented the prepaid debit card industry and is the largest provider of reloadable prepaid debit cards and cash reload processing services in the United States. Green Dot is also a leader in mobile technology and mobile banking with its award-winning GoBank mobile checking account. Through its wholly owned subsidiary, TPG, Green Dot is additionally the largest processor of tax refund disbursements in the U.S. Green Dot's products and services are available to consumers through a large-scale "branchless bank" distribution network of more than 100,000 U.S. locations, including retailers, neighborhood financial service center locations, and tax preparation offices, as well as online, in the leading app stores and through leading online tax preparation providers. Green Dot Corporation is headquartered in Pasadena, Calif., with additional facilities throughout the United States and in Shanghai, China.

 

Treasury Manager

 

Summary

Support the Bank and Corporate Treasury Departments with responsibilities including investment portfolio analysis and reporting, ensuring that both organization are properly funded and have appropriate capital levels, monitor and make recommendations on liquidity, manage the entities interest rate position, assist in the preparation and presentation of ALCO and Board materials, assist in managing the Bank’s CRA investments.  The qualified candidate must have a demonstrated knowledge of accounting principles, financial and control-based analysis, cash management functions and investment portfolio management.  Other important requirements include advanced knowledge of Microsoft Office applications, particularly Excel, Access and PowerPoint, and prior experience with accounting software and Bloomberg Analytics.  Prior experience in financial modeling is also a plus. 

 

Responsibilities

  1. Investments
  • Make recommendations for portfolio strategy and transactions.
  • Perform pre-purchase analysis of securities.
  • Monitor and review portfolio holdings.
  • Report to Asset Liability Committee (“ALCO”)/Bank and Corporate Management on portfolio performance and compliance.
  • Execute transactions, assure trades settle and are recorded properly.
  • Maintain relationships with various brokers and service providers.
  • Ensure compliance with applicable policies and regulations.
     
  1. Funding
  • Ensure that regular and contingent funding sources are available the Bank including Fed Funds, Repo, Promontory Network, FHLB and Federal Reserve Discount Window funding.
  • Work with the Corporate Finance to secure funding and capital needs at the Corporation including bank loans, capital market debt and equity issues.
  • Work closely with Corporate and Bank FP&A to determine future capital and funding needs ensuring that the those funding and capital raises fall within regulatory guidelines.

 

  1. Liquidity
  • Monitor and report on Bank liquidity.
  • Monitor and report on regulatory cash coverage requirement.
  • Work with FP&A to determine when liquidity may be required given the liquidity forecast at both the Bank and Corporation.
     
  1. Asset/Liability Management
  • Manage the both Bank’s and Corporation’s interest rate risk exposure to within Board-approved Policy primarily utilizing the Bank’s investment portfolio. 
  • Work closely with the third party to produce interest rate risk analysis and reports.
  • Regularly update the strategy to ensure the Bank and Corporation stay with its designated limits.

 

  1. ALCO
  • Prepare materials for both the Bank and Corporation’s ALCO and Board Meetings.
  • Drive the topics and prepare the analytics to support Treasury’s position on those topics.
  • Be an active participant in presenting the reporting and monitoring of the ALCO metrics and topics.

 

  1. Community Reinvestment Act
  • Aid Community Reinvestment Act (“CRA”) Officer with CRA related responsibilities.
  • Source and analyze CRA qualified investments.
  • Prepare presentations/reports for Board CRA committee.
  • Record all CRA related activities.
     
  1. Other
  • Adhere to Bank policies and procedures.
  • Assist in regulatory examinations and internal/external audits as necessary.
  • Assist and/or execute on various projects as requested by management.
  • Monitor and report on compliance with legal lending limit constraints.

 

Requirements

  • Minimum seven (7) years of experience working with treasury function within a regulated environment, preferable a commercial Bank.

  • Bachelor’s degree in Accounting, Finance, Economics or a business related field.

  • Excellent computer skills including advanced knowledge of Microsoft Excel and PowerPoint.

  • Experience with bank regulatory reporting.

  • Excellent written and verbal communication skills.

  • Desire to work in fast-paced, entrepreneurial venture.

  • Detail-oriented with strong project management skills.

  • Ability to multi-task and work with various departments.

     

Green Dot Corporation is committed to achieving a diverse workforce and is proud to be an equal opportunity employer without regard to race, color, religion, sex, national origin, disability , protected veteran status, or any category protected by law.

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