Treasury Associate

Winner of Built In's 2025 Best Places to Work in Chicago & Midsize Companies to Work For in Chicago

About ABN AMRO Clearing USA LLC:

ABN AMRO Clearing USA LLC (AAC-USA) is a subsidiary of ABN AMRO Clearing Bank N.V. We are a global clearing firm that provides an integrated suite of financial services to professional trading participants in the global financial market.

The core service offering consists of clearing, execution, stock borrowing and lending, settlement. AAC-USA has a Global Reach through direct and indirect clearing memberships to over 90 of the world’s leading exchanges. Our international network provides comprehensive market access to exchange-listed instruments such as stocks, futures, and options. ABN AMRO Clearing USA LLC-Member FINRA, NFA, FIA and SIPC.

Job Overview:

The Treasury Associate is responsible for all daily Treasury activities. These activities include cash management, collateral management, interest and client facilitation of foreign currencies (FX) and T-Bill / Repurpose activity.

This is a hybrid role based in other Chicago office, with a min of 3 days a week in office required.

Job Responsibilities:

Cash Management:

• Responsible for monitoring and projecting bank account balances intraday to ensure adequate funding for the firm to meet its financial and regulatory obligations.
• Ensures proper segregation of client funding.
• Ensures proper processing of client and external wires.
• Analyzes and solves differences between account entries and payments, in order to come to a correct settlement of payments.

Collateral Management:

• Invests futures funding in Rule 1.25 compliant investments as defined by the firm’s Treasury and Investment Policy to maximize firm profitability.
• Pledges compliant collateral at CCPs and exchanges to meet margin requirements while maximizing firm profitability.
• Books settlements and collateral trades into the bookkeeping system and inputs security movements into exchanges systems.

Interest:

• Ensuring clients are charged correctly for the business we facilitate for them
• Making sure that the charges we incur externally are in line with the interest charges we pass on to our clients (Review Static data setup)
• Handle client queries related to interest

Client Facilitation:

• Upon direction from the client or to hedge/mitigate firm exposure, enter and execute order through FX portal.
• Upon requests from clients, will interact with external counterparties to purchase or sell government securities for collateral purposes and ensure proper recording in the client accounts.
• Handles client queries and cancelations to satisfy the clients- needs.

Basic Qualifications:

• 1 years of work experience in treasury, collateral management, or accounting
• Bachelor’s degree in Finance, Accounting, or related field
• Basic knowledge of financial products
• Familiarity with stock loan and securities industry regulations
• Strong communication and interpersonal skills
• Interest in process improvement/automation
• Ability to solve complex problems
• Strong Microsoft Office knowledge, including VBA
• Ability to work onsite a min of 3 days per week

Preferred Qualifications:

• DTC knowledge
• Advanced data analytics skills, e.g. SQL and Tableau

Annual base salary, not including discretionary bonus eligibility: $75,000-$100,000

Perks and Benefits:

As a global leader in financial services, we rely on our employees to deliver their best work for our clients. We invest in our employees by offering a host of benefits and perks.

• Flexible hybrid work schedules (generally a minimum of three days per week onsite) with a one-time stipend to help improve hybrid working capabilities
• Generous paid time off, sick days, market-based holiday schedule, sabbatical leave, parental/bonding leave plan and volunteer day off
• Competitive health benefit offerings, including choice of medical plans through BCBS-IL, dental plan, vision and flexible spending accounts
• Complimentary annual membership to One Medical, a dedicated EAP and a benefits concierge service
• Employer paid benefits such as term life, AD&D and disability insurance
• Robust 401(k) Plan with a generous match and vesting schedule
• Annual learning stipend and tuition assistance program to help employees pursue additional education
• Company-issued laptops and role dependent mobile stipend
• Corporate Divvy memberships and pre-tax commuter benefits
• Monthly wellness subsidy available to be used towards wellness and fitness activities
• Regular, open communication including monthly Town Hall meetings with the Management Team
• A matrixed, culture-based organization with collaborative teams that promote diversity, equity and inclusion
• Free coffee & tea, fresh fruit and snacks, “bagel Wednesday” and monthly treats to celebrate workiversaries and birthdays
• Employee-led committees to bring awareness and inclusive activities to our employees
• Modern open office with a large kitchen/meeting gathering area – including foosball and ping pong tables
• Private, well-equipped Mother’s room
• Office is conveniently located in the Chicago Loop Financial District – close to CTA and Metra
• Well-maintained building (an architectural “masterpiece”) and a part of Chicago history – with a robust business center, gym, restaurants, café, game room and a shared rooftop terrace with green space

This information is intended as a summary of potential benefits only. Eligibility for the plans and programs listed here depends on the nature of employment, length of service and other factors. Actual coverage is governed by supporting summary plan descriptions and related policies.

ABN AMRO Clearing USA (AAC-USA) is proud to be an equal opportunity employer. AAC-USA celebrates diversity and does not discriminate on the basis of actual or perceived race, creed, color, religion, alienage or national origin, ancestry, citizenship status, age, disability or handicap, sex, marital status, veteran status, sexual orientation, status as a victim of domestic violence, sex offenses or stalking, genetic predisposition or carrier status, gender identity or expression, or any other characteristic protected by applicable federal, state or local laws.

We cultivate a culture of inclusion for all employees that respects individual strengths, views and experiences. We believe that our differences enable us to be a better and stronger team – one that makes better decisions and delivers better business results. AAC-USA participates in the E-Verify program in the US.

Notice and Disclaimer to External Recruitment Agencies

External recruitment agencies must have a signed agreement with ABN AMRO Clearing USA, LLC (“AAC-USA”) prior to submitting a resume to fill a vacancy. In addition, a recruitment agency may only submit a resume when invited in writing by an AAC-USA Talent Acquisition Specialist to join the search to fill a specific vacancy. Any resume or other candidate information sent to AAC-USA not in accordance with the foregoing procedure will be considered exclusive property of AAC-USA, with respect to which no placement fee will be due, owing or paid to the sender.