Senior Analyst - Treasury Operations and Cash

Job Description

Job Description

The Senior Analyst - Treasury Operations and Cash at Farmer Mac supports the organization’s core treasury activities, including cash management, liquidity and position management, payment processing, debt issuance, derivatives, settlements, and investment operations. Key responsibilities include managing daily cash positioning and forecasting, administering banking relationships, and executing treasury transactions with high accuracy and control.

This role is critical to support system testing, issue resolution, and process enhancements to improve operational effectiveness and data integrity.

Serving as a key liaison among the Treasury front office, Accounting, and other internal stakeholders, the Senior Analyst ensures timely communication, accurate reporting, and cross-functional alignment. While the role supports transaction workflows and lifecycle management, it does not include authority for trade execution.

The ideal candidate is highly detail-oriented, able to manage multiple priorities under tight deadlines, and capable of working both independently and collaboratively while adhering to established procedures, internal controls, and a strong governance framework.

The People You Will Work With

The position will report to the Senior Director of Treasury Operations and will primarily support the Treasury front office team responsible for cash management, debt issuance settlement, and investment activities. The position will interact with Farmer Mac’s debt and derivatives counterparties as well as internal stakeholders across the Finance team, with a core focus on supporting the Treasury operations team in their coordination with the Treasury and Accounting teams. The position is expected to, together with the IT team, support the front-end systems and databases used by the Treasury Operations team in the settlement of the cash, debt, derivative, and investment portfolios.

Where and When You Will Work

Work is to be conducted following a hybrid model, combining work-from-home days and in-person at Farmer Mac’s headquarters at 2100 Pennsylvania N.W., Suite 450 N, Washington, DC. This is not a fully remote position, and significant travel is not expected. This position requires availability during market hours, with core business hours Monday through Friday from 8:00 am to 5:00 p.m. Eastern Time. This position may need to be available on occasion outside the core business hours and/or business days for planned and unplanned activities, including completing time-sensitive projects and attending off-site meetings and events.

Primary Responsibilities and Duties

Treasury Operations & Financial Transaction Management

• Oversee and ensure accurate processing and settlement of debt, derivative, and investment transactions, including confirmation of trade entries and lifecycle events
• Manage daily cash positioning and liquidity, ensuring alignment with funding requirements and investment activity
• Support and monitor position management across funding, investment, and hedging portfolios, ensuring completeness and accuracy of cash position.
• Act as the primary liaison between Treasury Front Office, Treasury Operations, Accounting, and external counterparties to resolve trade and settlement discrepancies in a timely manner
• Coordinate and execute payment processing, including interest, principal, derivative settlements, and accounts payable activities in accordance with established controls

Collateral Management, Margin & Documentation

• Support daily collateral operations, including processing, validation, and settlement of margin calls with counterparties and custodians
• Execute and monitor initial and variation margin movements across cleared and bilateral derivatives, ensuring timely settlement and adherence to regulatory requirements
• Maintain and apply ISDA agreements and Credit Support Annex (CSA) terms within systems to ensure accurate collateral calculations and settlements
• Reconcile margin calls and positions with counterparties, identifying and resolving discrepancies in a timely manner
• Coordinate with custodians, clearing brokers, and counterparties to ensure proper settlement of collateral and securities movements
• Support transaction processing and settlement activities related to debt issuances and derivative instruments, ensuring accuracy and completeness of documentation

Data Integrity, Reconciliation & Reporting

• Ensure accuracy and completeness of data across treasury systems through regular reconciliations between trade capture platforms, sub-ledgers, general ledger, and reporting systems
• Perform daily and periodic reconciliations of bank statements, trades, and cash positions, investigating and resolving breaks in coordination with internal stakeholders
• Partner with Finance, Accounting, and Data teams to identify root causes of data discrepancies and implement sustainable fixes
• Support production of daily, monthly, and quarterly reporting, including cash positions and investment activity
• Support period-end close processes, including reconciliations, variance analysis, and escalation of exceptions

Process Improvement, Systems & Controls

• Drive process improvement initiatives to enhance efficiency, scalability, and control across treasury operations, including automation of manual processes
• Support implementation, testing, and optimization of treasury operation systems (FIS Integrity) and related data integrations
• Design and implement automated solutions leveraging data tools, AI, and robotic process automation to improve reporting, reconciliation, and transaction processing
• Strengthen and maintain internal controls, partnering with Audit and Risk teams to ensure compliance with policies and regulatory requirements
• Conduct periodic reviews of operational workflows to identify risks, inefficiencies, and opportunities for standardization and best practices

Regulatory, Risk & Governance Support

• Support preparation of data and documentation required for regulatory reporting and compliance
• Assist in onboarding processes for new legal entities, ensuring proper system setup and documentation
• Ensure adherence to internal governance standards and external regulatory requirements across all treasury operations activities

Desired Skills and Qualifications

• Hands-on experience with FIS Treasury Management Systems (e.g., FIS Integrity, ACH Processor, eWire, and Swift Service Bureau)
• Strong understanding of U.S. Payment rails, including: Fedwire Funds Service, Fedwire Securities Service, ACH, FedNow, and RTP
• Strong understanding of treasury operations, cash management, cash positioning, liquidity forecasting, and transaction lifecycle processing, including settlements for debt, derivatives, and investment securities
• Working knowledge of fixed income products, interest rate derivatives, and collateral/margin processes (initial and variation margin) from an operational and control perspective
• Demonstrated ability to communicate effectively in writing and verbally with internal teams (Front Office, Accounting, Risk) and external counterparties to resolve operational issues
• Strong commitment to accuracy, control, and process discipline, with a proactive mindset toward supporting Treasury Operations and ensuring seamless trade and payment settlement
• Proven ability to analyze and improve operational workflows, including identifying opportunities to enhance efficiency through automation, AI, or process redesign
• Advanced proficiency in Excel, Word, and PowerPoint required

Education and Experience

• Minimum of 5+years of experience in Treasury Operations, back office, or financial operations, with direct involvement in cash management, settlements, reconciliations, and transaction support across debt, investment securities, and derivatives
• Bachelor’s degree in finance, mathematics, engineering, or a related field required.
• Experience working with a front office trade system (Calypso) and Treasury Management systems such as FIS Integrity, ACH Processor, eWire, Swift Service Bureau, or similar is strongly preferred

Our compensation philosophy is targeted pay positioning relative to peers, our industry, and external markets. Farmer Mac is committed to a compensation program that will enable the organization to attract, motivate, reward, and retain highly skilled and creative talent to maintain sustained long-term performance and achieve the organization’s strategic business objectives. The typical salary range for this position is between $95,000 - $115,000, although wages can vary based on experience and geography, plus performance-based bonus and equity-based awards. Individual compensation will be commensurate with the candidate's experience.