Assistant Manager, Capital Markets Operations

Navy Federal Credit Union - Vienna, VA

Full-time - Mid Level

Vienna, VA

Credit Intermediation and Related Activities

About the position

The Assistant Manager of Capital Markets Operations at Navy Federal Credit Union plays a crucial role in supporting the investment and liquidity management strategy within the Treasury division. This position involves overseeing daily operational activities, ensuring compliance with federal regulations, and leading a team of analysts to manage the reserve balance at the Federal Reserve Bank. The role also includes responsibilities for accounting, reporting, and strategic alignment with corporate goals.

Responsibilities

• Oversee and direct analysts on daily capital markets operational activities, including monitoring account activities and reserve balance at the FRB.
• Account for and settle all investment and borrowing transactions.
• Conduct daily and monthly reconciliations of investment and borrowing transactions.
• Coordinate the month-end closing process of the investment accounting subledger.
• Prepare monthly, quarterly, and annual reports for leadership and regulatory bodies.
• Lead investigations and resolutions of discrepancies and data entry errors.
• Maintain the investment accounting subledger to achieve efficiencies and reduce operational risk.
• Review analysts' tasks such as corporate and securities wires, journal entries, and trades.
• Assist the Manager in responding to organizational changes and initiatives.
• Review and monitor the timely submission of PBCs for audits.
• Serve as the primary point of contact for CM Ops projects and initiatives.
• Ensure compliance with applicable laws and regulations.
• Develop team unity and engagement through performance goals and mentoring.
• Act as manager in the incumbent's absence.

Requirements

• Significant experience or operational knowledge with corporate capital markets operations.
• Advanced experience in an operational environment with accounting entries and reconciliations.
• Experience supervising, leading, coaching, and training team members in accounting rules and regulatory reporting.
• Ability to manage multiple priorities independently and in a team environment.
• Experience in a SOX control environment and assisting in the assessment of controls and risks.
• Experience working with cross-functional teams and leading projects.
• Working knowledge of investment tracking and accounting software.
• Experience in initiating and managing change.
• Effective organizational, planning, and time management skills.
• Strong interpersonal, oral, and written communication skills.
• Ability to build relationships through rapport and trust.
• Proficient in word processing and spreadsheet software.
• Proficient in database and presentation software.
• Bachelor's Degree in Accounting, Economics, Finance, or equivalent.

Nice-to-haves

• Experience with credit union financials and NCUA regulations.
• Knowledge of Navy Federal products and services.
• Working knowledge of Navy Federal's functions and operations.
• Previous experience in the financial services industry.
• CPA designation.
• Master's or advanced degree in Accounting, Economics, Finance, or equivalent.

Benefits

• Competitive salary based on experience and market position.
• Opportunities for professional development and career growth.
• Comprehensive health insurance coverage.
• 401(k) retirement savings plan with matching contributions.
• Paid time off and holidays.
• Employee discounts and benefits programs.