The Director of Cash Management Services is responsible for planning, coordinating and directing banking and treasury operations. The Director of Cash Management Services must have broad management and financial expertise in order to establish performance standards, plan and coordinate major activities, review performance, budget and monitor expenditures, and create, implement and revise policies as necessary. The role requires close interaction with other
departments of City of Los Angeles including the Office of the Controller, City Attorney, City Administrative Officer, and City Council staff.
The position requires graduation from a recognized college or university with a degree in business administration, banking, finance, economics, or a related field, and three years of professional experience managing staff involved in Treasury Operations, Commercial Banking, Cash Management, and/or a fiscal or financial multi-million dollar operation involved in debt administration, fiscal agent, trustee services, custodial (safekeeping or third party) services, paying agent functions, corporate or municipal financing, budgetary administration, or consulting for any of these activities. The incumbent will also have superior knowledge of financial, accounting, risk, monetary and fiscal policy, as well as have an understanding of federal, state and local legislation and regulations that govern management of public funds. Further, the position requires knowledge of financial credit and collateralization requirements, the rules and pronouncements of the Automated Clearing House, Federal Reserve Bank, and the Federal Depository Insurance Corporation. The incumbent is required to establish and maintain rapport with regulators, financial institutions, public and private agencies, and City departments to ensure the effective management of the City’s financial activities. Certification from the Association of Finance Professionals (CTP) or a similar association will be required as a condition of continued employment.