Treasury Analyst - Job at Peapack-Gladstone Bank in Bedminster, NJ

Treasury Analyst

Bedminster, NJ

Posted 11 days ago

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Job Description

Description

Peapack-Gladstone Bank is a well-recognized, high-performing boutique bank; a leader in wealth, lending and deposit solutions, capable of providing the most sought-after products and services that fulfill all of our clients' needs. We offer an innovative approach to private banking to help clients establish, maintain and expand their legacy.

What makes Peapack-Gladstone Bank different from our competition? We are an institution that's over 100 years old that has always believed in putting the well-being and needs of our employees and our clients first. We are proud to be recognized for the sixth consecutive year, by American Banker as one of the 'Best Bank to Work For' across the nation. Our secret sauce in one word is our 'culture'. We value a diverse, equitable, inclusive and safe workspace. Our one-team culture goes to great lengths to show all employees that they are valued members of the team. We treat each other as family, and as such, communicate throughout the Bank in a transparent and frequent manner, respect and value feedback from all levels and operate with a philosophy of hospitality and general human kindness.

There are multiple way to build relationships and get involved; from joining one of our Cultural Ambassador Sub-Committees focused on our Wellness, Employee Fun, Diversity & Inclusion, or Environmental Awareness, to involvement in multiple community service activities through our Volunteerism outreach, to joining LIFT (an committee focused on enriching the lives of women - Leading Inspiring Females Together). Said quite simply, the culture is amazing!

Position Overview:

Under the direction of the Cash Manager and the Cash Management Supervisor, the Treasury Analyst assists in managing the mobilization and flows of daily cash, including especially controlling external accounts, handling domestic and foreign wires, and settling Securities. Other duties may be assigned as needed.

Responsibilities:

Helps to manage the activity in all PGFG cash accounts including (15%):
The Federal Reserve (including Reserve Requirement)
The Federal Home Loan Bank New York (including borrowing and payback)
Wells Fargo
Responsible for the coordination, execution and dispatch of incoming and outgoing wire transfers including, as necessary (50%):
Interbank transfers
Free form wires
Template wires
Branch initiated wires
Draw Downs
Foreign wires, both USD and foreign currency

Develops accounting entries for (5%):
Correspondent Banks
Borrowings from the FHLB, Federal Reserve and federal funds from correspondents
The Reich & Tang fee and interest expense, throughout the month as required.
Foreign exchange wires done via Wells Fargo CEO
Manual entries as necessary for client wires and fees
Provide back-up accounting for Finance staff on leave

Monitors for funds transfer fraud and OFAC violations. Collaborates with the Compliance Department as necessary (10%).

Maintains cash planning, analysis and reporting to measure and monitor efficient operations and liquidity volatility risk (5%).
Assists in managing the pledging of securities collateral for the Federal Reserve and Federal Home Loan Bank (5%).

Performs client service by supporting the money transfer needs of Private Bankers, Treasury Services, Commercial Bankers and Branch Managers (5%).
Provides collateral management support to the manager of the Investment Portfolio to settle securities sales and purchases (5%).

Qualifications:
Required:

Prior experience with bank cash management and wire transfers
Bachelor's degree or equivalent experience
Knowledge of Accounting
Working Knowledge of Microsoft Word, Excel, Outlook
Knowledge of Jack Henry Silverlake (Xperience), FedLine (FRB), FHLB (1Link and 1LinkSK for collateral), Synergy.

Preferred:

Knowledge of OFAC
Working knowledge of SWIFT
Experience settling Securities

Benefits

Peapack-Gladstone Bank offers medical, dental, and vision coverage to full-time employees, in addition to a competitive PTO package and 401k match.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

It is Bank policy to provide equal employment opportunity for all persons by administering recruitment, hiring, training, promotion, compensation, benefits, and transfers, for all associates without discrimination because of race, color, religion, national origin, sex, age, disability, protected veteran status, sexual orientation, gender identity or any other legally protected status. Peapack-Gladstone Bank offers reasonable accommodation in the employment process for individuals with disabilities. If you need assistance in the application or hiring process to accommodate a disability, you may request an accommodation at any time. Please contact any member of management at your nearest Peapack-Gladstone Bank office.
Equal Opportunity Employer M/F/Individuals with Disabilities/Veteran Status (EOE) (AA).
VETERAN COMMITMENT. Peapack-Gladstone Bank commits to hiring returning veterans.

Job Summary

Company

Peapack-Gladstone Bank

Start Date

As soon as possible

Employment Term and Type

Regular, Full Time

Required Education

Bachelor's Degree

Required Experience

Open