Sr. Director, Treasury Capital Markets (NYC or Cincinnati)

This is a hybrid role located in either New York City of Cincinnati, OH.

Senior Director, Treasury Capital Markets

Be part of an amazing story.

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 Senior Director, Treasury Capital Markets leads Macy’s capital structure and financial policy, including debt issuance, dividend policy, M&A, and share repurchase execution. They oversee debt covenant compliance, manage bond payments, and apply critical thinking to support special transactions. The Senior Director collaborates with key executives to evaluate and recommend enhancements to the company’s pension asset and liability management strategy, working closely with external fund managers. This role as the Assistant Treasurer reports to the SVP Finance, Deputy CFO, and partners with teams both within and beyond the finance function.

What You Will Do

• Provide analytical support for capital markets recommendations in collaboration with external banking partners.
• Lead disciplined capital allocation and financial policy development.
• Execute capital markets transactions, including debt issuances, credit facility amendments, and share repurchases.
• Partner with cross-functional teams such as Investor Relations, CFP&A, Accounting, Tax, and Legal to support projects and communications.
• Own and manage direct cash flow forecasting processes.
• Oversee all aspects of the Retirement Plans, including managing the OCIO relationship with Rocaton and leading the Pension and Profit-Sharing Committee meetings.
• Evaluate existing cash management structures and implement solutions to improve cash visibility, direct cash flow forecasting and partner with Treasury Operation to enhance investment of surplus funds.
• Jointly manage banking relationships with the Assistant Treasurer of Treasury Operations and align business unit banking needs with global partner banks under standardized agreements. Maintain an accurate registry of all bank accounts, authorized signers, and associated services.
• Foster an environment of acceptance and respect that strengthens relationships, and ensures authentic connections with colleagues, customers, and communities. 
• In addition to the essential duties mentioned above, other duties may be assigned.
• The position requires being in the New York Office based on business needs and travel to Cincinnati periodically.

Skills You Will Need

Capital Markets Strategy & Execution – Deep expertise in managing capital structure, including debt issuance, share repurchases, and financial policy development to support shareholder value.

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

Pension & Asset Liability Oversight – Strong experience overseeing retirement plans, managing OCIO relationships, and aligning pension strategies with overall financial objectives.

Financial Analysis & Risk Assessment – Advanced analytical skills to evaluate market conditions, conduct scenario modeling, and assess risks to inform strategic capital decisions.

Cross-Functional Collaboration – Ability to partner with internal teams (e.g., Investor Relations, Legal, Tax) and external stakeholders (e.g., banks, fund managers) to execute initiatives and drive alignment.

M&A & Transactional Support – Experience supporting mergers, acquisitions, and other strategic transactions with thoughtful analysis, execution, and governance oversight.

Executive Communication & Influence – Strong executive presence with the ability to communicate complex financial topics with clarity, conviction, and influence across senior leadership.

Ethics & Integrity – Unwavering commitment to ethical standards, wi