Overview

Support operations, controls, analysis, and reporting functions of the Capital Markets Operations (CM Ops) branch within the Treasury division to support Navy Federal’s investment and liquidity management strategy. Partner with and assist the team’s Senior Analyst and leaders on the daily operational activities to ensure proper management and monitoring of Navy Federal’s reserve balance at the Federal Reserve Bank (FRB) and accounting of investment/debt transactions by appropriately applying applicable external regulations (NCUA, GAAP), as well as adhering to internal policies and procedures to ensure accurate and proper reconciliation and reporting for financial statements and regulatory reporting.

Responsibilities

• Perform day-to-day capital markets operational activities which includes, but not limited to the following:

  o Monitor NFCU’s reserve account activities and balance at the FRB, including the forecast of the end-of-day (EOD) balance and 30-day forward-looking forecast

  o Accounting and settlement of investment and borrowing transactions

  o Daily and monthly reconciliations of investment and borrowing transactions

  o Assist the team’s Senior Analyst with the month-end closing process of the investment accounting subledger to ensure timely and accurate transmission of accounting entries to the general ledger

  o Process data and perform analysis as part of the team’s monthly, quarterly, and annual reporting deliverables for NFCU leadership, board of directors, regulators, and internal/external auditors

  o Participate in the investigation and resolution of complex questions and requests

• Prepare PBCs for internal and external auditors for audits/reviews/exams

• Take initiatives to identify areas of improvements; implement those improvements/enhancements as directed

• Guide and train the team’s junior analysts on new tasks, products, processes, etc.

• Assist the team’s Senior Analyst on departmental and enterprise-wide projects/initiatives

• Performs other duties as assigned

Qualifications

• Bachelor’s degree in Accounting, Economics, Finance, or the equivalent combination of training, education, and experience

• High degree of independence and proactiveness to learn new or increasingly complex assignments, research and identify resolutions in both routinely assigned tasks and ad-hoc initiatives/projects

• Intermediate experience or operational knowledge with corporate capital markets operations such as third-party confirmation and purchase/sale settlements for debt/equity securities, repurchase agreements and other corporate borrowings

• Intermediate experience working in an operational environment with accounting entries, reconciliations, internal/external reporting, preparation of supporting documents for audits/reviews, and related month end close responsibilities

• Intermediate experience in research and analysis of issues/variances, presenting recommendations and executing resolution from start to finish

• Experience leading projects and/or initiatives of small scope

• Able to manage multiple priorities independently and/or in a team environment to achieve goals

• Intermediate experience working with cross-functional teams

• Working knowledge of investment tracking and accounting software and accounting system (i.e., general ledger)

• Effective organizational, planning and time management skills

• Effective interpersonal, oral, and written communication skills and the ability to effectively collaborate with various external and internal technical and functional business partners

• Effectively build relationships through rapport, trust, diplomacy, and tact across the enterprise

• Effective word processing and spreadsheet software skills

• Effective database and presentation software skills

Desired Qualifications

• Experience with credit union financials and/or NCUA regulations

• Knowledge of Navy Federal products, services, programs, policies, and procedures

• Working knowledge of Navy Federal's functions, philosophy, operations, and organizational objectives

• Previous experience in the financial services industry

Hours: Monday - Friday, 8:00AM - 4:30PM

Locations: 820 Follin Lane, Vienna, VA 22180 | 5550 Heritage Oaks Drive Pensacola, FL 32526

About Us

Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.

• Best Companies for Latinos to Work for 2024

• Computerworld® Best Places to Work in IT

• Forbes® 2024 America's Best Large Employers

• Forbes® 2023 The Best Employers for New Grads

• Fortune Best Workplaces for Millennials™ 2023

• Fortune Best Workplaces for Women ™ 2023

• Fortune 100 Best Companies to Work For® 2024

• Military Times 2023 Best for Vets Employers

• Newsweek Most Loved Workplaces

• Ripplematch Campus Forward Award - Excellence in Early Career Hiring

• Yello and WayUp Top 100 Internship Programs

From Fortune. ©2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.

Equal Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability EOE/AA/M/F/Veteran/Disability

Hybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.

Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position

Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.

REQNUMBER: 21780