North Dakota Bankers
Extraordinary Leadership for North Dakota Banks

Treasury Associate II

Summary of Work
The Bank of North Dakota (BND) is seeking a Treasury Associate II to join our team! BND’s Treasury Department provides several programs to financial institutions throughout North Dakota, and neighboring states. Treasury’s Federal Funds program provides daily liquidity, both buying and selling, to over 110 financial institutions with daily transaction volume of over $300 million. Treasury provides pledging services for over 1,400 public entities on behalf of our financial institution customers. Safekeeping is custodial service offered to more than 100 customers with combined assets in custody over $11 billion, processing thousands of payments per year. By entrusting their securities to a custodian, our customers can ensure the safety and proper management of their investments, while also benefiting from efficient transaction processing and reporting services. 

As a Treasury Associate II, you will play a crucial role in ensuring the accurate and efficient processing of payments, transfers, and settlements for our customers. You will act as a primary customer service liaison for various Treasury correspondent services, by developing core competencies in safekeeping, trade processing, securities pledging, Letters of Credit for Public Deposits, and Federal Funds. This individual will also provide support to team members as backup and training. As a member of our Treasury team, one should be a responsible, flexible individual with strong mathematical, analytical, and problem-solving skills. Ability to interpret a variety of instructions furnished in written, oral, diagram or schedule form. To perform this job successfully, an individual must be able to demonstrate an ability to collaborate constructively and effectively with all constituencies, and work toward a common goal; multi-task and maintain an optimistic outlook in a fast-paced, time-sensitive work environment; accept and implement changes with processes, people and circumstances exhibiting a positive approach to each situation.

Duties and Tasks
Custodial Safekeeping:
  • Maintain records of ownership and transactions related to customer and Bank securities portfolios. Process incoming and outgoing payments, transfers, and settlements for safekeeping accounts in accordance with established procedures and deadlines. Investigate and resolve any discrepancies or exceptions related to payment processing in a timely and efficient manner. This entails verifying all payments are received and correct, and reconciling any payment issues before payment date, and processing calls on all securities. 
Trade Settlement Processing:
  • Responsible for the set-up, settlement, maintenance, and review of Bank and customer trade instructions. Ensuring timely and accurate delivery, settlement, and reconciliation on BND systems. Perform account and customer portal maintenance, archive all submitted requests and troubleshoot portal issues. Correspond with brokers and customers to ensure timely and accurate settlement.
Securities Pledging:
  • Responsible for BND pledging agreements for pledgee and pledgors. Ensuring accurate and timely reporting for all parties. 
Letters of Credit and Federal Funds:
  • Responsible for BND’s liquidity management services offered to financial institution customers. Which include processing overnight Fed Funds transactions, maintaining BND’s automatic Fed Funds sweep service, and managing BND’s Letter of Credit for Public Deposit program. 
Minimum Qualifications
This position requires two years of banking, accounting, operations or finance related work experience. College or vocational education with courses in accounting or business may be substituted for the work experience requirement on a year-for-year basis.

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