Position Overview:Seeking a Treasury Operations Professional to join our Team! This individual will oversee payment execution and ensure all cash activity is processed in accordance with corporate compliance and regulatory guidelines, including OFAC. Additionally you will be responsible for:
- Processing cash/securities wires and ACH payments in support of the firm's business lines.
- Performing daily balancing/reconciling with banks and clearing firms.
- Providing governance over the authorized payment approvers process, while managing associated risks.
- Identifying and monitoring operational risk, including detective and preventative payment monitoring to identify fraud and operational errors as well as ensuring the integrity of the company's wire and ACH payment instructions.
- Executing risk assessments and documents processes to ensure the firm can effectively respond in the event of a resilience event.
- Managing banking relationships/bank services, inclusive of the Federal Reserve.
Our Impact:Treasury Operations is responsible for ensuring that cash activity is processed in accordance with regulatory and corporate guidelines for the entire company. Investment and Capital Markets is responsible for managing our mortgage-related investments portfolio, single family, securitization activities and treasury functions.
Your Impact:Responsibilities include:
Payment Execution and Operational Risk Management- Govern authorized payment approvers, Electronic Funds Transfer (EFT) Authority process and payment instructions setup.
- Assist in projects to strengthen Freddie Mac's payment processing including completing new business impact.
- Develop, modify, and execute departmental controls and procedures.
Payment Fraud Prevention - Perform detective and preventative payment monitoring to identify fraud and operational errors.
- Ensure the integrity of the company's wire and ACH payment instructions.
- Monitor transactions for adhere
- nce to OFAC requirements.
Resiliency - Risk Management- Execute risk assessments and document processes to ensure the firm can effectively respond in the event of a resilience event.
- Partner with Information Technology to develop, maintain and test disaster recovery and restoration plans.
- Design and execute business resiliency/disaster recovery tests.
- Perform supplier risk assessments.
Bank Relationship Management and Other Responsibilities- Manage banking relationships/bank services.
- Evaluate monthly bank fees.
- Prepare and present monthly Treasury Operations management report which focuses on key risk indicators, key control indicators, and payment volumes.
- Provide strong support to stakeholders.
Qualifications:- College Degree and/or equivalent experience
- Minimum of 2 years of relevant experience
- Understanding of Treasury Services, Cash Management and Banking Services including investment instruments, rules, regulations, compliance, fraud prevention, and related risks
- Understanding of the Federal Reserve payment systems
- OFAC (Office of Foreign Asset and Control) knowledge
- Demonstrated strong data and analytical skills
Keys to Success in this Role:- Banking and Financial industry knowledge, NACHA processes/rules, artificial intelligence knowledge, and Microsoft Office
- Strong verbal and written communication skills
- Strong analytical, critical thinking and problem-solving skills
- Excellent organizational skills
- Highly motivated with a desire to learn and adapt
- Customer service oriented
Current Freddie Mac employees please apply through the internal career site.Time-type:Full time
FLSA Status:Non-Exempt
Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.
This position has an annualized market-based salary range of $77,000 - $115,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.
