Director, Treasury Operations & Compliance Jobs in Chicago, IL at Equity Residential
Title: Director, Treasury Operations & Compliance
Company: Equity Residential
Location: Chicago, IL
Salary: $200K – $250K*
Category: Retail & Consumer Goods
As Director, you will provide leadership to a team responsible for our treasury department’s operations and compliance while also contributing to the strategic direction of the overall Treasury Department. This position interacts with key partners across Finance, Legal, IT and Property Operations and also contributes to technology initiatives.
WHO YOU ARE
A Leader. You build effective teams and provide direction to help team members achieve goals and operate cooperatively and cohesively.
Intellectually Curious. You are inherently interested in the “why” so that you can identify opportunities that represent unconventional solutions to the problems you are trying to solve.
Detailed and Process-Oriented. You will improve and enforce control processes.
Trusted Team Player. You enjoy partnering with others and build constructive working relationships that foster the collaboration necessary to deliver great results. You are accountable to your teammates and follow through on commitments.
Organized and Confident. You are flexible, composed, and able to prioritize multiple tasks and deadlines simultaneously, while confidently interacting with a variety of individuals, across all levels of the organization. You handle pressure well and do so with confidence.
A Strong Communicator. You are articulate, effective, and persuasive in your verbal and written communication, helping you connect well with others.
WHAT YOU’LL DO
Assist in preparing and managing annual budgets and forecasts, including the quarterly reforecast for commercial paper and revolver interest expense and the subsequent variance analysis.
Develop strategies to maximize efficiencies, safeguard assets and minimize costs.
Oversee all Cash Management functions, including cash positioning, cash reporting and forecasting, short-term-investing and borrowing, wire and ACH payments, fraud prevention, bank account setup and maintenance, and bank relationship management.
Oversee processing of daily positive pay activity.
Manage segregated security deposits and other miscellaneous investments.
Lead the administration of circa $9 billion in unsecured and secured debt. Manage debt portfolio in the Quantum Treasury Workstation, including adding deals for new debt issuance, unwinding deals upon payoff, and posting adjusting entries for interest rate timing issues.
Compliance and Risk Management
Deploy appropriate procedures and processes around month-end and quarter-close activity (including preparation of Weighted Average Debt Reports for earnings release disclosure).
Coordinate execution and maintenance of documentation with bank counterparties, including ISDA agreements. Control that derivatives are transacted in accordance with policy; perform quarterly valuations.
Track and monitor compliance with covenants for both secured and unsecured debt portfolio.
Partner with Internal Audit on all internal and external Treasury-department related audits.
Identify cybersecurity and fraud risks within Treasury processes and implement mitigation strategies as appropriate.
Participate in the design and implementation of the company’s Business Continuity Plan.
TreasuryTechnologyand Continuous Improvement
Assist in managing commercial relationships with Treasury technology vendors.
Act as system administrator granting access and user entitlements within the banks’ treasury management platforms.
About Equity Residential
Equity Residential is a publicly traded real estate investment trust based in Chicago, Illinois.