Director Banking Relationship​/Treasure Compliance and Insurance

Director, Banking Relationships, Treasury Compliance, and Insurance

Location:

Denver, CO or Atlanta, GA Role Responsibility

The Director, Treasury is responsible for overseeing the company’s operational banking relationships, treasury compliance function, and global insurance portfolio.

The Director leads a team of analysts that ensures global banking compliance and efficient treasury operations across 10,000+ accounts, drives strategic platform transitions for better bank fee analytics and regulatory compliance, oversees the company’s Credit and Bank Guarantees and supports banking relationship expansion across the globe. The Director also oversees Western Union’s comprehensive global insurance program, encompassing policies across 50+ countries and 300+ locations.

This position will serve as a key collaborating resource in supporting and executing a range of strategic and operational activities related to foreign exchange risk management, capital markets and investment strategies, interest rate derivatives, and other treasury related functions.

• Banking Relationship Expansion:
  Work with internal stakeholders to expand/diversify cash lodgment solutions for agents to improve financial flexibility.
• Letters of Credit and Bank Guarantees:
  Oversee Letters of Credit / Bank Guarantees, ensuring efficient renewals, amendments, and new issuances in collaboration with M&A and business teams.
• Bank Fee Management:
  Develop tools to analyze top bank fee drivers and optimize bank fees to ensure sound financial operations; negotiate fees for new banking relationships.
• Cash Lodgment Optimization:
  Partner with Sales, Agent Operations, and other Treasury teams to optimize fees for cash lodgment.
• Support banking operations by establishing and maintaining relationships with global banking partners ensuring operational and financial efficiency.

• Lead Treasury Compliance operations, ensuring adherence to financial regulations, internal controls, and audit requirements.
• Manage a team of analysts who establish and maintain global banking services.
• Ensure treasury processes are aligned with regulatory and corporate governance standards, addressing KYC and audit requirements proactively.

• Oversee the global insurance program, covering 8,000+ employees across 50+ countries and 300+ locations, for lines of coverage including D&O, Fiduciary, E&O/Cyber, Crime, P&C, EPL, Cash-in-transit, etc.
• Lead global insurance renewals for Western Union, working with senior leadership, brokers, and underwriters to ensure optimal coverage and cost efficiency.
• Present insurance program updates and key risk exposures to the Board of Directors and subsidiary boards.
• Oversee high-value, complex insurance claims, collaborating with Western Union’s Legal, HR, and business teams for resolution.
• Manage the Company’s surety bond program, facilitating negotiations between brokers, business units, and surety providers.
• Provide insurance guidance and conduct risk assessments for M&A transactions and new business initiatives, including expansion projects, kiosks, and crypto-related offerings.

• 10+ years in financial services with Treasury, banking, or related experience.
• BA/BS required; MBA, CTP, CFA or comparable certifications strongly preferred.
• Extensive understanding of treasury, insurance, and banking operations including KYC, regulatory audits, etc.
• Experience managing complex regulatory issues.
• Demonstrated proactive leadership ability to lead complex cross-functional projects and drive and deliver key initiatives.
• Exhibit strong leadership skills needed to manage in-person and remote teams.
• Ability to develop, apply and supervise analytical, mathematical, and financial models.
• Strong verbal and written communication skills, including the ability to partner effectively with people from varied cultural perspectives.

Western Union values in-person collaboration, problem solving, and ideation whenever possible. We believe this fosters common ways of working and supports how we execute initiatives for our customers. The expectation is to work Hybrid…