Manager of Banking Operations

Duties and Responsibilities

• 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
• 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
• Compiles and disseminates documentation for the respective annual fiscal audit, transition audit and internal audit
• Performs quarterly due diligence reviews on contractual financial institutions and provides 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
• Provides reports and information of a complex nature on special projects and Request for Proposals (RFP) for banking and treasury services/systems
• Manages the entire process related to the payment and reimbursement of Illinois College Bonds
• Executes 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
• Creates and performs analysis on complex statistics and financial information as necessary to generate accurate and timely reporting to management
• Aids 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 positive feedback and constructive criticism to employees

Qualifications

• Bachelor’s degree in accounting/finance/business or any related field; five (5) or more years of experience in areas of banking with an emphasis in investment and trust operations; two (2) or more years of experience in supervising a small staff; OR any equivalent combination of education and experience that provides the required knowledge, skills, and abilities to carry out the duties of the position.

Benefits

As a State of Illinois Employee, you will receive a robust benefit package that includes:

• A Pension Program
• Competitive Group Insurance Benefits including Health, Life, Dental and Vision Insurance
• Up to 4 Paid Personal Business Days annually
• 12 Paid Sick Days annually (Sick days carry over from year to year)
• 15-25 Days of Paid Vacation time annually - (15 days in year one of employment)
• 13 Paid Holidays annually, 14 on even numbered years, and 1 Floating Holiday
• 12 Weeks Paid Parental Leave
• Deferred Compensation Program - A supplemental retirement plan
• Optional Pre-Tax Programs such as Medical Care Assistance Plan (MCAP), Dependent Care Assistance Plan (DCAP)
• Federal Public Service Loan Forgiveness Program eligibility
• Commuter Savings Program (Chicago only)

For more information about our benefits please visit: https://cms.illinois.gov/benefits/stateemployee.html