Manager of Banking Operations

JOB OPPORTUNITY ANNOUNCEMENT

Position Title: Manager of Banking Operations

Division: State, Investments, and Banking

Classification: Exempt

Location: Springfield

Salary: $86,000 - $90,000

The Manager of Banking Operations is responsible for planning, organizing, and directing assigned aspects of the State Banking Division according to Illinois law and office policies, including compliance with all internal and external audit controls under the direction of the Division Director and Deputy Director. This position serves as an authorized investment officer for State Investments. Attendance is an essential function of this position.

• Performs calculations to determine available cash balances of various funds in the State Treasury and authorizes investments in the specific accounts based on Illinois law with guidance from Division Director and Deputy Director
• Reviews and approves Automated Clearing House (ACH) and wire transfer activity initiated by support staff
• Reviews and approves transactions recorded daily to the appropriate systems by support staff
• Monitors the balancing process for all financial institutions on behalf of the Illinois State Treasury to ensure the accurate and timely completion of prescribed procedures
• Works closely with Illinois State agencies on electronic solutions for receiving deposits
• Maintains the integrity and ensures that all financial information concerning investments has been accurately accounted for on the appropriate State Treasury’s information technology systems
• Responsible for the compiling and disseminating of documentation for the respective annual fiscal audit, transition audit and internal audit
• Responsible for SOC-1, or other externally audited reports, analysis, including requesting all required documentation from contractual financial institutions, vendors and sub-service providers along with preparing the report for senior staff of the Division
• Responsible for performing quarterly due diligence reviews on contractual financial institutions and providing an analysis to senior staff
• Serves as a primary security administrator for all treasury/cash management systems
• Serves as the Treasurer’s liaison to all state agencies in providing support and assistance on electronic funds transfer (EFT) and federal government draw down programs
• Assists with the resolution of draw down discrepancies, preparation of necessary documentation and provides direction for ensuring timely receipt of funds into the Comptroller’s accounting system
• Works closely with Division of Fiscal Operations to assist with correcting any discrepancies on bank account reconciliations
• Provides reports and information of a complex nature on special projects and Request for Proposals (RFP) for banking and treasury services/systems
• A member of the RFP review team for banking and treasury management services/systems
• Responsible for the management of the entire process related to the payment and reimbursement of Illinois College Bonds
• Serves as an authorized investment officer for the State Investments, executing trades at the direction of the Chief Banking Officer, Director of State Banking, Deputy Director of State Banking, Director of State Investments, and/or Deputy Director of State Investments.
• Supports the senior management of State Banking in the daily operations
• Creates and performs analysis on complex statistics and financial information as necessary to generate accurate and timely reporting to management
• Assists with special treasury and banking projects/reports
• Works with senior management in the research, testing and implementation of ways to improve the efficiency of the State Banking Division through the use of new processes, procedures and/or systems
• Promotes a positive, productive working relationship between members of the State Banking Division Staff and other members of the Office of the Illinois State Treasurer, other Illinois State agencies, the general public, and contacts at other financial institutions
• Supervises assigned workflow and staff
• Interviews and trains assigned employees, plans, assigns, and directs work, appraises performance, and provides…