Western Union
Director - Banking Relationships, Treasury Compliance, and Insurance
Western Union, Atlanta, Georgia, United States, 30383
Director - Banking Relationships, Treasury Compliance, and Insurance
Apply for the Director - Banking Relationships, Treasury Compliance, and Insurance role at Western Union.
Description The Director, Treasury is responsible for overseeing the company’s banking relationships, treasury compliance function, and global insurance portfolio.
Responsibilities Banking Relations Responsibilities
Banking Relationship Expansion: Work with internal stakeholders to expand/diversify cash lodgment solutions for agents to improve financial flexibility.
Letters of Credit and Bank Guarantees: Oversee Letters of Credit / Bank Guarantees, ensuring efficient renewals, amendments, and new issuances in collaboration with M&A and business teams.
Commercial Paper Program Oversight: Continue to manage the company’s Commercial Paper Program, ensuring liquidity while training multiple team members as backups.
Bank Fee Management: Develop tools to analyze top bank fee drivers and optimize bank fees to ensure sound financial operations; negotiate fees for new banking relationships.
Cash Lodgment Optimization: Partner with Sales, Agent Operations, and other Treasury teams to optimize fees for cash lodgment.
Support banking operations by establishing and maintaining relationships with global banking partners ensuring operational and financial efficiency.
Treasury Compliance Responsibilities
Lead Treasury Compliance operations, ensuring adherence to financial regulations, internal controls, and audit requirements.
Manage a team of analysts who establish and maintain global banking services.
Ensure treasury processes are aligned with regulatory and corporate governance standards, addressing KYC and audit requirements proactively.
Insurance Responsibilities
Oversee the global insurance program, covering 8,000+ employees across 50+ countries and 300+ locations, for lines of coverage including D&O, Fiduciary, E&O/Cyber, Crime, P&C, EPL, Cash-in-transit, etc.
Lead global insurance renewals for Western Union, working with senior leadership, brokers, and underwriters to ensure optimal coverage and cost efficiency.
Present insurance program updates and key risk exposures to the Board of Directors and subsidiary boards.
Oversee high-value, complex insurance claims, collaborating with Western Union’s Legal, HR, and business teams for resolution.
Manage the Company’s surety bond program, facilitating negotiations between brokers, business units, and surety providers.
Provide insurance guidance and conduct risk assessments for M&A transactions and new business initiatives, including expansion projects, kiosks, and crypto-related offerings.
Requirements
10+ years in financial services with significant Treasury, banking, or related experience.
BA/BS required; MBA, CFA or comparable certifications strongly preferred.
Extensive understanding of treasury, insurance, and banking operations including KYC, regulatory audits, etc.
Experience managing complex regulatory issues.
Demonstrated proactive leadership ability to lead complex cross-functional projects and drive and deliver key initiatives.
Exhibit strong leadership skills needed to manage in-person and remote teams.
Ability to develop, apply and supervise analytical, mathematical, and financial models.
Strong verbal and written communication skills, including the ability to partner effectively with people of varied cultural perspectives.
Salary Base salary range is $150,000 – $175,000 USD per year. Total on-target compensation includes a base salary plus a variable target incentive aligned with individual and company performance.
Benefits
Medical, Dental and Life Insurance.
Tuition Assistance Program.
$0 Money Transfer Fee Discount Code – Quarterly.
Recognition Program “Game Changers.”
Employee Discount Program.
Global Adoption Assistance.
Western Union Contribution to 401(k).
Seniority level
Director
Employment type
Full-time
Job function
Finance
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Description The Director, Treasury is responsible for overseeing the company’s banking relationships, treasury compliance function, and global insurance portfolio.
Responsibilities Banking Relations Responsibilities
Banking Relationship Expansion: Work with internal stakeholders to expand/diversify cash lodgment solutions for agents to improve financial flexibility.
Letters of Credit and Bank Guarantees: Oversee Letters of Credit / Bank Guarantees, ensuring efficient renewals, amendments, and new issuances in collaboration with M&A and business teams.
Commercial Paper Program Oversight: Continue to manage the company’s Commercial Paper Program, ensuring liquidity while training multiple team members as backups.
Bank Fee Management: Develop tools to analyze top bank fee drivers and optimize bank fees to ensure sound financial operations; negotiate fees for new banking relationships.
Cash Lodgment Optimization: Partner with Sales, Agent Operations, and other Treasury teams to optimize fees for cash lodgment.
Support banking operations by establishing and maintaining relationships with global banking partners ensuring operational and financial efficiency.
Treasury Compliance Responsibilities
Lead Treasury Compliance operations, ensuring adherence to financial regulations, internal controls, and audit requirements.
Manage a team of analysts who establish and maintain global banking services.
Ensure treasury processes are aligned with regulatory and corporate governance standards, addressing KYC and audit requirements proactively.
Insurance Responsibilities
Oversee the global insurance program, covering 8,000+ employees across 50+ countries and 300+ locations, for lines of coverage including D&O, Fiduciary, E&O/Cyber, Crime, P&C, EPL, Cash-in-transit, etc.
Lead global insurance renewals for Western Union, working with senior leadership, brokers, and underwriters to ensure optimal coverage and cost efficiency.
Present insurance program updates and key risk exposures to the Board of Directors and subsidiary boards.
Oversee high-value, complex insurance claims, collaborating with Western Union’s Legal, HR, and business teams for resolution.
Manage the Company’s surety bond program, facilitating negotiations between brokers, business units, and surety providers.
Provide insurance guidance and conduct risk assessments for M&A transactions and new business initiatives, including expansion projects, kiosks, and crypto-related offerings.
Requirements
10+ years in financial services with significant Treasury, banking, or related experience.
BA/BS required; MBA, CFA or comparable certifications strongly preferred.
Extensive understanding of treasury, insurance, and banking operations including KYC, regulatory audits, etc.
Experience managing complex regulatory issues.
Demonstrated proactive leadership ability to lead complex cross-functional projects and drive and deliver key initiatives.
Exhibit strong leadership skills needed to manage in-person and remote teams.
Ability to develop, apply and supervise analytical, mathematical, and financial models.
Strong verbal and written communication skills, including the ability to partner effectively with people of varied cultural perspectives.
Salary Base salary range is $150,000 – $175,000 USD per year. Total on-target compensation includes a base salary plus a variable target incentive aligned with individual and company performance.
Benefits
Medical, Dental and Life Insurance.
Tuition Assistance Program.
$0 Money Transfer Fee Discount Code – Quarterly.
Recognition Program “Game Changers.”
Employee Discount Program.
Global Adoption Assistance.
Western Union Contribution to 401(k).
Seniority level
Director
Employment type
Full-time
Job function
Finance
#J-18808-Ljbffr