Lead Cash Position Management - Riverwoods, United States - Discover Financial Services

Discover Financial Services

Verified Company

Riverwoods, United States

2 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

Discover. A brighter future.
With us, you'll do meaningful work from Day 1.

Our collaborative culture is built on three core behaviors:
We Play to Win, We Get Better Every Day & We Succeed Together.

And we mean it — we want you to grow and make a difference at one of the world's leading digital banking and payments companies.

We value what makes you unique so that you have an opportunity to shine.

Come build your future, while being the reason millions of people find a brighter financial future with Discover.

Responsible for the funding of the company's bank accounts and forecasting cash flow activities. Assists with management with brokered certificate of deposit funding. Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.

Responsibilities:

Provides data for key management and committee meetings.

Prepares cash forecasting and flow projections. Analyzes and reports on cash drivers. Develops metrics to validate forecasting results and drives changes to enhance forecasting processes.

Assists with the strategy, planning, and acquisition of funding through brokered certificate of deposit market. Makes pricing and tenor recommendations.

Maintains and monitors Firm Cash Accounts. Executes wire transfers and other funding methods to balance the company's daily cash position and ensure adequate liquidity. Manages daily cash position management process and reviews all cash management transactions for accuracy. Develops and maintains procedures and controls. Monitors and enforces policies, procedures, and controls.

Evaluates opportunities in money markets in support of Discover's investment portfolio and interest rate profile. Participates in the development of the short-term liquidity portfolio strategy. Models portfolio strategies associated with various investment products.
Minimum Qualifications

At a minimum, here's what we need from you:
Bachelor's Degree in Business Administration and Management, or related field

4+ years of experience in Financial Analysis and/or Banking/Financial Services

In lieu of a degree, 8+ years of experience in Financial Analysis and/or Banking/Financial Services Preferred Qualifications

If we had our say, we'd also look for:
Master's Degree in Business Administration, Finance, or other quantitative disciplines

Certified Treasury Professional

LI-EB1

Compensation:

The base pay for this position generally ranges between $75,500.00 to $127, Additional incentives may be provided as part of a market competitive total compensation package.

Factors, such as but not limited to, geographical location, relevant experience, education, and skill level may impact the pay for this position.

Benefits:

We also offer a range of benefits and programs based on eligibility

These benefits include:
Paid Parental Leave

Paid Time Off

401(k) Plan

Medical, Dental, Vision, & Health Savings Account

STD, Life, LTD and AD&D

Recognition Program

Education Assistance

Commuter Benefits

Family Support Programs

Employee Stock Purchase Plan

All Discover employees place our customers at the very center of our work.

To deliver on our promises to our customers, each of us contribute every day to a culture that values compliance and risk management.

Discover is committed to a diverse and inclusive workplace.

Discover is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status, or other legally protected status.

(Know Your Rights & Pay Transparency Nondiscrimination Provision)