Treasury Associate

Treasury Associate

Posted 82 Days Ago

With respect to NY, CA, and IL based applicants, the starting base pay range for this role is between USD 130000 and USD 175000 annually. The actual base pay is dependent upon several factors, including, but not limited to, relevant experience, business needs and market demands. This role may also be eligible for bonus compensation and employee benefits.

We are looking for an Associate to join our growing Treasury department. The individual will be responsible for monitoring fund liquidity, improving reporting and processes, collaborating across internal departments as well as with Prime Brokers, and will have a broad range of high-impact responsibilities across Treasury.

The Treasury Associate will:

• Monitor fund liquidity and identify buying power inefficiencies across PBs, FCMs, and bilateral counterparties.
• Build out a more robust reporting system that captures timely and accurate broker margin figures.
• Improve prime broker and vendor data to report daily margin excess to senior members of the team.
• Identify highly margined positions at PBs and work toward getting improvements from counterparties directly or potentially moving positions away.
• Collaborate with Macro Operations to request trade recaps to answer questions on the accuracy of certain bilateral margin figures and work with counterparties to improve accuracy.
• Interact with Prime Brokers (PBs) to run "what if" scenarios on portfolios across our PBs to ensure maximum buying power and discover certain PB strengths in particular asset classes.
• Assist with analytics around certain trading strategies to ensure we are utilizing the best PBs for maximum efficiency.
• Work with our vendors on the replication of more complex margin rule sets so we may enhance the current working capital reporting and attribution to Portfolio Managers.
• Ensure our margin/risk vendors are accurately reporting margin data and interact with other members of the Treasury team to streamline the working capital reporting.
• Review daily margin call wires set up by our vendor to ensure accuracy and make sure they are fully approved to satisfy bilateral margin calls.
• Be involved in cash optimization across leverage providers to mitigate financing costs.
• Work with internal teams to enhance the reporting of key Treasury data to management.
• Be responsible for assisting in the bank account opening process with new and existing providers and work internally to ensure they are set up properly.

Requirements

• 4+ years of experience working in a Treasury or related group.
• Knowledge of how different asset classes are financed through leverage providers.
• Prior experience with different types of prime broker margin rule sets.
• Experience in the margin treatment of multiple asset classes.
• Knowledge of cash/wire movements.
• Experience with Uncleared Margin Rules.
• Strong written and verbal communication skills.
• Strong Excel skills required; SQL, Python, and VBA are a plus.
• Ad hoc queries from internal management and portfolio managers may be required.