Treasury Operations Analyst III - (Liquidity) at Eastern Bank Careers

Wakefield, Massachusetts, United States -

Full Time

Start Date

Immediate

Expiry Date

23 Jul, 26

Salary

116311.0

Posted On

24 Apr, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Liquidity risk management, Financial analysis, Regulatory compliance, Collateral management, Payment processing, Accounting, Risk assessment, Vendor onboarding, Excel, Communication, Teamwork, Stress testing, Audit support, Funding strategy, Data reporting, SOX testing

Industry

Banking

Description

The AVP Liquidity Operations Analyst III within the Corporate Treasury group is responsible for enhancing the Bank’s liquidity risk management framework to align with the regulatory standards of a large financial institution. The candidate should be a self-starter with a balanced background of analytical skill, communication skill and a teamwork mentality. The ability to interface with a wide variety of roles throughout the organization is important for success. This position reports to the Assistant Treasurer. * Manage relationships with the Bank’s funding providers including the Federal Reserve Bank, the FHLB, and other brokered/non-brokered funding providers. Manage collateral submissions and periodic audits. * Manage the Bank’s Liquidity Contingency Plan and ensure robust backup sources of funding under a variety of stress scenarios. Work with market risk management on Risk Control Self Assessments. Design solutions for liquidity management that are aligned with evolving regulatory requirements, audit and compliance scrutiny as well as industry best practices. * Act as main liaison in Archer for all Treasury operation vendor onboarding management. Identifies the risks associated with the execution of Treasury’s funding business strategy by assessing and effectively understanding and managing all risks associated with the associated products, services, and activities. * Assist with monthly accounting and payment processing for liquidity and swap products. Administer gathering and organizing reporting in collaboration with senior team members to review trends and reporting. Ongoing monitoring and submission of SOX testing. PROBLEM SOLVING & DECISION MAKING: This position operates with minimal oversight but the candidate should collaborate closely as needed and recognize issues that should be escalated. Critical and innovative thinking is encouraged. Education and Experience * Bachelor’s Degree preferably in Finance, Economics, Accounting or related field. * Master’s Degree or equivalent is preferred. * 3-5+ years in a related role at a bank over $10B in total assets. * Advanced Excel skills. * Strong teamwork mentality with a high degree of flexibility and adaptability. * Candidate will be a self-starter and highly motivated. * Strong ability to communicate with stakeholders on the team and throughout the organization. * Detailed understanding of industry liquidity practices and regulation. * Ability to operate in a highly regulated environment. * Excellent communication skills and strong attention to detail. Skills/Knowledge * Strong teamwork mentality with a high degree of flexibility and adaptability. * Candidate will be a self-starter and highly motivated. * Strong ability to communicate with stakeholders on the team and throughout the organization. * Detailed understanding of industry liquidity practices and regulation. * Ability to operate in a highly regulated environment. * Excellent communication skills and strong attention to detail. At Eastern Bank, we pride ourselves on supporting our employees by offering tremendous opportunity for individual growth. As an inclusive company, we work to ensure that our valued employees are treated fairly, recognized for their individuality, and encouraged to reach their fullest potential. These values have earned us a reputation as a great place to work and provide a strong reason why you should consider a career with us. We are proud to offer comprehensive compensation plans and a benefits program called Total Rewards that includes medical, dental, vision, life and disability insurance, retirement, vacation and tuition reimbursement. Eastern Bank is an equal opportunity employer. All job applicants will be considered for employment without regard to race, color, religious creed, national origin, sex, sexual orientation, gender identity, genetic information, military service, age, ancestry, or disability. At Eastern Bank, we are dedicated to building a diverse, equitable, inclusive and authentic workplace. If you’re excited about this role but your experience doesn’t fully align with every qualification, we still encourage you to apply! You may be just the right candidate for this position or others across the company. Our Recruitment team is waiting to chat with YOU.

Responsibilities

The analyst is responsible for enhancing the bank's liquidity risk management framework and managing relationships with funding providers. They will also oversee liquidity contingency planning, vendor onboarding, and ensure compliance with regulatory standards.