Bank Funding Analyst

The Bank Funding team resides within Corporate Treasury and maintains the primary responsibility of implementing and supervising the Bank’s overall liquidity risk management strategy.  In addition, subsequent responsibilities include the monitoring, processing, forecasting, and reporting of various bank funding and liquidity management activities to assure obligations are met, costs are minimized, and earning asset yields are maximized, while meeting all internal and external compliance requirements.

Key Responsibilities and Duties

Cash Management
● Report daily cash and liquidity position to management
● Perform daily cash settlement activities for the Bank and its affiliates
● Manage all fees related to banking services from third-party banks

● Execute borrowing and investment transactions for optimal use of funds and diversification of funding sources
● Manage deposit based wholesale funding activities as well as Federal Home Loan Bank (FHLB) activity
● Complete monthly accruals for all wholesale debt instruments

Liquidity Management
● Develop and maintain collateral programs to support secured credit facilities
● Perform monthly liquidity stress test analysis and maintain model documentation
● Interpret regulations related to liquidity management and measure their impact to the Bank’s liquidity
● Manage the development and ongoing maintenance of the liquidity management reporting process

Reporting & Compliance
● Prepare quarterly/annual regulatory disclosures and footnotes for all team related activities
● Assist with preparation and/or manage requests for supporting documentation from internal/audit and regulators 
● Conduct and prepare monthly reporting deck for review by the Asset Liability Committee (ALCO)
● Perform monthly reconciliation of all wholesale deposit channels
● Ensure compliance with regulatory and legal requirements related to the department
● Maintain documented policies and procedures of the department
Other
● Perform financial analyses, presentations, and other ad hoc reporting for the Treasurer, Bank Funding Manager, and/or Senior Management, as required
● Other duties, as required

 

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Qualifications

• 2 Years Required; 3 Years Preferred

• University (Degree), Preferred

Physical Requirements

• Physical Requirements: Sedentary Work

Preferred Education

• University (Degree)

Career Level
6IC

Required Qualifications:

• 2 years of financial services experience

Preferred Qualifications:

• 3 years of financial services experience
• Bachelor’s degree in a related business, finance, accounting, economics, technology, or risk management discipline
• MBA or other advanced degree a plus
• Strong computer skills with demonstrated proficiency in Microsoft Office Suite, including Word, Excel, and PowerPoint required

Potential Salary: $75,000.00 USD

Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location.  In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans). 

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Company Overview

As a part of TIAA’s Financial Solutions business, TIAA Bank, a division of TIAA, FSB, provides full-service, nationwide banking and lending services to consumer, commercial and institutional clients through a variety of channels, including online, its Florida-based financial centers and at other business offices throughout the country. 

COVID-19 Vaccination

TIAA requires all U.S. employees to be fully vaccinated against COVID-19 and provide documentation of full vaccination, unless you qualify for an accommodation as determined by TIAA consistent with applicable law.

Benefits and Total Rewards

The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary.

Equal Opportunity

We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.

Read more about the Equal Opportunity Law here.

Accessibility Support

TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities. 

If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team: 

Phone: (800) 842-2755

Email: accessibility.support@tiaa.org

Privacy Notices

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For residents of the EU / UK, please click here to access the EU / UK Pre-employment Notice.

For all other residents, click here to access the Applicant Privacy Notice.