Director, Treasury Operations

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Macy’s is more than just a store. We’re a story. One that’s captured the hearts and minds of America for more than 160 years. A story about innovations and traditions…about inspiring stores and irresistible products…about the excitement of the Macy’s 4th of July Fireworks, and the wonder of the Thanksgiving Day Parade. We’ve been part of memorable moments and milestones for countless customers and colleagues. Those stories are part of what makes this such a special place to work.

Job Overview

The Director of Treasury serves as a strategic leader responsible for overseeing the organization’s treasury and cash management operations, ensuring optimal liquidity, safeguarding corporate assets, and driving financial resilience to support both short- and long-term growth objectives. This role directs the management of cash forecasting, working capital optimization, and investment strategies, ensuring that funds are deployed efficiently to maximize return while maintaining appropriate risk controls.

The Director is accountable for the oversight of treasury technology and process improvements to enhance operational efficiency and data-driven decision-making. This role also identifies and mitigates financial risks - while maintaining strict compliance with internal policies, external regulations, and governance requirements. 

The Director oversees the organization’s bank account structure and management, ensuring accounts are optimized for operational efficiency, cost-effectiveness, and risk mitigation. This includes maintaining accurate and up-to-date account documentation, managing signatory authority, and ensuring full compliance with internal controls and corporate governance policies. The role proactively monitors bank account activity, implements process improvements, and collaborates with banking partners to support streamlined cash management and secure financial operations.

The Director will assist in managing banking relationships by supporting negotiations, monitoring service levels, and collaborating with financial partners to ensure optimal terms, service quality, and alignment with the company’s treasury objectives.

Partnering closely with senior leadership, finance, and operational teams, the Director develops treasury strategies that align with corporate objectives, support enterprise-wide liquidity needs, and strengthen the company’s financial position. 

What You Will Do 

• Lead the company’s cash management, liquidity forecasting, and daily bank account reconciliation.
• Manage and optimize short- and long-term financing, debt instruments, and investment portfolios.
• Oversee day-to-day treasury operations, including bank account management, fund transfers, and payment approvals.
• Develop and maintain strong banking and financial institution relationships.
• Lead treasury technology initiatives to enhance efficiency, automation, and reporting accuracy.
• Ensure compliance with all applicable laws, regulations, and internal controls.
• Collaborate with cross-functional teams (Accounting, FP&A, Tax, Legal) to support corporate objectives.
• Develop and mentor treasury team members, fostering a high-performance culture.
• In addition to the essential duties mentioned above, other duties may be assigned.

Skills You Will Need

Cash & Liquidity Management – Proven ability to forecast and manage cash flows, optimize liquidity, and evaluate cash management structures to reduce costs and increase efficiency.

Results-oriented leadership – Inspires and drives teams to achieve measurable outcomes, ensuring accountability and alignment with organizational goals.

Detail-Oriented – High level of accuracy and attention to detail, particularly in high-volume, high-impact cash operations.

Treasury Systems & Tools – Proficiency in treasury management systems (e.g., Kyriba, bank portals, investment platforms) and Excel (including pivot tables, formulas, and models).

Process Improvement – Demonstrated ability to identify inefficiencies and drive automation or enhancements in cash management workflows.

Problem Solving & Decision Making – Strong critical thinking skills with the ability to troubleshoot issues and make informed decisions quickly.

Communication – Excellent verbal and written communication skills to effectively convey complex information across teams and to external banking partners.

Time Management – Ability to prioritize and manage multiple responsibilities and deadlines in a fast-paced environment.

Cross-Functional Collaborati