Director Banking Relationships, Treasury Compliance, and Insurance
Job Location:
Denver, CO - USA
Monthly Salary:
Posted on:
Vacancies:
Job Summary
Director Banking Relationships Treasury Compliance and Insurance
Location: Denver CO or Atlanta GA
Role Responsibility
The Director Treasury is responsible for overseeing the companys operational banking relationships treasury compliance function and global insurance portfolio.
The Director leads a team of analysts that ensures global banking compliance and efficient treasury operations across 10000 accounts drives strategic platform transitions for better bank fee analytics and regulatory compliance oversees the companys Credit and Bank Guarantees and supports banking relationship expansion across the globe. The Director also oversees Western Unions comprehensive global insurance program encompassing policies across 50 countries and 300 locations. This position will serve as a key collaborating resource in supporting and executing a range of strategic and operational activities related to foreign exchange risk management capital markets and investment strategies interest rate derivatives and other treasury related functions.
Banking Relations Responsibilities
- Banking Relationship Expansion: Work with internal stakeholders to expand/diversify cash lodgment solutions for agents to improve financial flexibility.
- Letters of Credit and Bank Guarantees: Oversee Letters of Credit / Bank Guarantees ensuring efficient renewals amendments and new issuances in collaboration with M&A and business teams.
- Bank Fee Management: Develop tools to analyze top bank fee drivers and optimize bank fees to ensure sound financial operations; negotiate fees for new banking relationships.
- Cash Lodgment Optimization: Partner with Sales Agent Operations and other Treasury teams to optimize fees for cash lodgment.
- Support banking operations by establishing and maintaining relationships with global banking partners ensuring operational and financial efficiency.
Treasury Compliance Responsibilities
- Lead Treasury Compliance operations ensuring adherence to financial regulations internal controls and audit requirements.
- Manage a team of analysts who establish and maintain global banking services.
- Ensure treasury processes are aligned with regulatory and corporate governance standards addressing KYC and audit requirements proactively.
Insurance Responsibilities
- Oversee the global insurance program covering 8000 employees across 50 countries and 300 locations for lines of coverage including D&O Fiduciary E&O/Cyber Crime P&C EPL Cash-in-transit etc.
- Lead global insurance renewals for Western Union working with senior leadership brokers and underwriters to ensure optimal coverage and cost efficiency.
- Present insurance program updates and key risk exposures to the Board of Directors and subsidiary boards
- Oversee high-value complex insurance claims collaborating with Western Unions Legal HR and business teams for resolution.
- Manage the Companys surety bond program facilitating negotiations between brokers business units and surety providers.
- Provide insurance guidance and conduct risk assessments for M&A transactions and new business initiatives including expansion projects kiosks and crypto-related offerings.
Role Requirements
- 10 years in financial services with Treasury banking or related experience
- BA/BS required; MBA CTP CFA or comparable certifications strongly preferred.
- Extensive understanding of treasury insurance and banking operations including KYC regulatory audits etc.
- Experience managing complex regulatory issues.
- Demonstrated proactive leadership ability to lead complex cross-functional projects and drive and deliver key initiatives.
- Exhibit strong leadership skills needed to manage in-person and remote teams.
- Ability to develop apply and supervise analytical mathematical and financial models.
- Strong verbal and written communication skills including the ability to partner effectively with people from varied cultural perspectives.
Work Shift
Western Union values in-person collaboration problem solving and ideation whenever possible. We believe this fosters common ways of working and supports how we execute initiatives for our customers. The expectation is to work Hybrid from the office a minimum of three days a week.
Benefits
You will also have access to short-term incentives multiple health insurance options accident and life
insurance and access to best-in-class development platforms to name a few. Please see the benefits below specific to your country. If applicable additional role-specific benefits will be mentioned during your interview process or in an offer of employment.
Your United States specific benefits Include
- 401(k) Western Union Contribution
- Employee Discount Program
- Flexible Time off
- Global Adoption Assistance
- Medical Dental and Life Insurance
- One day volunteer time off
- Parental Leave
- Short term Disability
- Tuition Assistance Program
For residents of Colorado California Connecticut Delaware Minnesota and Pennsylvania: Please do not respond to any questions on this initial application that may seek age-identifying information such as age date of birth or dates of school attendance or graduation. You may also redact this information from any materials you submit during the application process. You will not be penalized for redacting or removing this information
Salary
The on-target earnings range for Colorado is $150000- $175000 USD per year base salary. We also offer short-term and long-term incentives that align with individual and company performance. Actual salaries will vary based on candidates qualifications skills and competencies.
We are passionate about honoring our employees identity and fostering a feeling of belonging. Our commitment is to provide an inclusive culture that celebrates the unique backgrounds and perspectives of our global teams while reflecting the communities we serve. We do not discriminate based on race color national origin religion political affiliation sex (including pregnancy) sexual orientation gender identity age disability marital status or veteran status. The company will provide accommodation to applicants including those with disabilities during the recruitment process following applicable laws
#LI-AA1 #LI-Hybrid
Estimated Job Posting End Date:
0This application window is a good-faith estimate of the time that this posting will remain open. This posting will be promptly updated if the deadline is extended or the role is filled.
Required Experience:
Director
About Company
Send and receive money transfers from the United States with Western Union. Check exchange rates, track transfers and send money online instantly.
