Treasury Operations Manager

Treasury Operations Manager

This is a newly created role, necessitated by CME Group’s ongoing growth. Principle functions include daily oversight of the Treasury Operations group, consisting of the Cash Manager and the Senior Treasury Analyst. In this realm, staff mentoring and development are important factors. Although CME is rapidly establishing a global presence, Treasury Operations is predominately centralized within its Chicago headquarters. As such, oversight of the function extends into several countries, and includes the establishment and maintenance of bank accounts (including the related files and documentation); management of the global cash management system; management of daily liquidity requirements, including short-term investment, debt programs and other local, non-US funding programs; cash flow forecasting, with a particular focus on establishing international forecasting procedures; and the maintenance of Treasury-related systems. In all of these areas, we are seeking someone who can identify and assess operating efficiencies and cost savings, as we continue to promote synergies within our international business structure. Specifics to the role include relationship management with the Company’s operating banks; international cash and treasury management structural reviews, including FX management; cash flow forecasting; investments; and intercompany activities. Work with the Assistant Treasurer to continue to enhance Treasury Operations, on special projects, and in providing departmental analytical support. 

Responsibilities:1. Manage and develop staff to create a best in class Treasury Operations department. Work closely with the Assistant Treasurer to reach this goal, and to design and implement ongoing operational improvements, both domestically and internationally. Become familiar enough with staff roles to perform their jobs in a back-up capacity.2. Work closely with the Assistant Treasurer to manage domestic and international bank operating relationships, including bank account establishment & maintenance, and bank documentation negotiation. Ensure that all global cash movements are properly authorized, documented and supported within policy and CME-specific controls. Manage analysis, payment and allocation of bank fees.3. Manage global liquidity; investing surplus funds and borrowing, when required. Manage the Company’s commercial paper program, ensuring that all documentation is current. Update investment policies, and monitor compliance with the same. 4. Liaise with Accounting (including Payroll), Legal, Tax, CMEOL Finance staff (for EMEA) and business owners to optimize banking structures designed to ensure that global transactions occur efficiently and as planned.5. Update and maintain departmental process, control and policy documents, and develop those that are required, focusing on incorporation of process improvements along the way.6. Enhance domestic and international cash flow forecasting process. Work with other corporate departments and business units, including CMEOL Finance staff (for EMEA) to collect forecast data, analyze actual to forecast variances, and provide internal reporting.7. Work with Assistant Treasurer to develop and implement international funding & capitalization, and other currency management strategies (including FAS 133 monthly accounting reports, as required). Included in this realm is the monitoring of intercompany agreements and loans.8. Work with Assistant Treasurer to design and implement management reporting of Treasury activities. Work with departmental Administrative Assistant to maintain bank account database.9. Participate in the assessment, procurement and implementation of a Treasury Management System, for global utilization.10. Take on special projects as requested. Must have an ability to grow and assimilate additional duties and responsibilities.

Requirements A self-starter, with the ability to manage multiple priorities and adapt to changing business needs, while still meeting deadlines. Solid oral and written communication skills are required; given the multiple levels of interface points within and outside of the organization. Must possess the drive to seek out and take on new challenges, to question and recommend modifications to the status quo and to volunteer assistance to get the job done.  The incumbent will need to remain customer service focused, while devising optimal solutions for the Company. A good sense the business acumen, the technical knowledge, and the negotiating skills to devise “win-win” solutions are key. Attention to detail and strong analytical skills are critical for success. Other position requirements include: 

• Bachelors Degree in Business, Finance or Accounting; MBA strongly preferred.
• 12 – 15 years of relevant experience in a large, public multinational organization.
• Prior supervisory experience, with evidence of mentoring and staff development capabilities.
• Certified Cash Manager or Certified Treasury Professional designation preferred.
• Advanced computer skills; including Microsoft Office applications, with an emphasis on modeling and analytics via spreadsheet software.
• Familiarity with bank interface systems required, and with a Treasury Management System strongly preferred.