Lead Cash Position Management

Discover. A brighter future.
With us, you'll do meaningful work from Day 1. Our collaborative culture is built on three core behaviors: We Play to Win, We Get Better Every Day & We Succeed Together. And we mean it - we want you to grow and make a difference at one of the world's leading digital banking and payments companies. We value what makes you unique so that you have an opportunity to shine.
Come build your future, while being the reason millions of people find a brighter financial future with Discover.
Job Description:
Responsible for the funding of the company's bank accounts and forecasting cash flow activities. Assists with management with brokered certificate of deposit funding. Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.
Responsibilities

• Provides data for key management and committee meetings.
• Prepares cash forecasting and flow projections. Analyzes and reports on cash drivers. Develops metrics to validate forecasting results and drives changes to enhance forecasting processes.
• Assists with the strategy, planning, and acquisition of funding through brokered certificate of deposit market. Makes pricing and tenor recommendations.
• Maintains and monitors Firm Cash Accounts. Executes wire transfers and other funding methods to balance the company's daily cash position and ensure adequate liquidity. Manages daily cash position management process and reviews all cash management transactions for accuracy. Develops and maintains procedures and controls. Monitors and enforces policies, procedures, and controls.
• Evaluates opportunities in money markets in support of Discover's investment portfolio and interest rate profile. Participates in the development of the short-term liquidity portfolio strategy. Models portfolio strategies associated with various investment products.

Minimum Qualifications
At a minimum, here's what we need from you:

• Bachelor's Degree in Business Administration and Management, or related field
• 4+ years of experience in Financial Analysis and/or Banking/Financial Services
• In lieu of a degree, 8+ years of experience in Financial Analysis and/or Banking/Financial Services

Preferred Qualifications
If we had our say, we'd also look for:

• Master's Degree in Business Administration, Finance, or other quantitative disciplines
• Certified Treasury Professional

#LI-EB1
Application Deadline:
The application window for this position is anticipated to close on May-19-2024. We encourage you to apply as soon as possible. The posting may be available past this date, but it is not guaranteed.
Compensation:
The base pay for this position generally ranges between $75,500.00 to $127,900.00. Additional incentives may be provided as part of a market competitive total compensation package. Factors, such as but not limited to, geographical location, relevant experience, education, and skill level may impact the pay for this position.
Benefits:
We also offer a range of benefits and programs based on eligibility. These benefits include:

• Paid Parental Leave
• Paid Time Off
• 401(k) Plan
• Medical, Dental, Vision, & Health Savings Account
• STD, Life, LTD and AD&D
• Recognition Program
• Education Assistance
• Commuter Benefits
• Family Support Programs
• Employee Stock Purchase Plan

Learn more at mydiscoverbenefits.com .
What are you waiting for? Apply today!
All Discover employees place our customers at the very center of our work. To deliver on our promises to our customers, each of us contribute every day to a culture that values compliance and risk management.
Discover is committed to a diverse and inclusive workplace. Discover is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status, or other legally protected status. (Know Your Rights & Pay Transparency Nondiscrimination Provision)
Discover complies with federal, state, and local laws applicable to qualified individuals with disabilities and is committed to providing reasonable accommodations. If you require a reasonable accommodation to search for a position, to complete an application, and/or to participate in an interview, please email [email protected] . Any information you provide regarding your accommodation needs will be kept confidential and will only be used to determine and provide necessary accommodation.