Treasury Manager Career Guide and Counseling

Question: In a Group of Companies what is generally the role of a Treasury Manager??

Answer: The TM will be in charge of pooling the financial resources of the members of the group and to manage this pool of money. Basically, he will require all companies to lend him all their (temporally) excessive amounts of money, which he then will invest (in securities, bank deposits, ...) or lend out to members of the group that need money. This might be very profitable, pooling financial resources generally gives access to better investments, the possibility of obtaining financing from the Treasury Manager might increase the creditworthiness of each individual company (most banks like to see such a system imposed). And when there are seasonal changes in capitalneeds of one company, these might be offset by other group-members. If it's done the right way, this might even result in a lower aggregated tax burden.

Question: what are the functions of a treasury officer in a company? or treasury manager.

Answer: managing the cash of the company. Making sure that cash is earning the highest return that it safely can. Making sure that there is cash available to pay the bills. Arraigning borrowings that might be necessary and lines of credit.

Question: Does PG Diploma in Treasury & Forex Management from ICFAI facilitate placement for freshers.? job option for certified treasury manager as a fresher. How does icfai help in getting jobs.

Answer: yes!

Question: US Treasury Bonds are the investment object of choice for the managers of the huge forex reserves...? US Treasury Bonds are the investment object of choice for the managers of the huge forex reserves. Selling off dollars will only lead to a huge loss in China. Why?

Answer: Treasury Bonds are a good investment as mentioned for several reasons: 1) it is a huge, liquid market, and 2) it is a stable and secure investment, as it's considered nearly impossible that the US government would default and not pay on those bonds, and 3) the bonds pay interest so it is an interest-bearing means of holding dollar assets and 4) they are denominated (bought and sold) in U.S. dollars, so an entity that has a lot of dollars on hand to manage and that doesn't want to convert to another currency would fund U.S. Treasury bonds useful. Now, because China is a net exporter to the U.S., Chinese firms receive a lot of US dollars in selling their wares, and so Chinese banks and investors end up with those dollars to manage. They tend to invest them in U.S, Treasury bonds for the reasons above, and so Chinese entities are a major holder of such bonds. IF U.S. treasury bonds or the U.S. dollar decline in value, that investment will decline in value for the Chinese.

Question: Average salary for a Treasury Mangement Trainer position? Hello- I was just offered a position with a big bank that I've been with for almost four years. The position is for a Treasury Management Trainer position. I have no degree, and plenty of experience with the bank and over seven years of customer service, as well as two years as a manager. I just want to know a ball park... I'll be negotiating my salary soon, but wanted to know if anyone knew of an average for starting out? Thanks!

Answer: I know a guy who does Treasury Management and he has a Masters Degree in Accounting. I'm kind of surprised but not that with your level of experience they would offer a training position to you. Your ball park for a brand new training position is 50-60.

Question: What is a good career for working moms to go part time? I have my bachelor's and Master's degree in Accounting and are a Treasury Manager and are very well paid. I have two little kids and want to go part time but not lose a lot of money in the process. However, in my field it is really hard to get part time jobs. They want you there till the end of the day. What would be a good field for me? I thought about Nursing but hate the sight of blood and guts. A teacher's salary would not be enough. Starting pay is only in the 30's. What could I do?

Answer: A good option would to become a consultant / advisor for some small to mid-size companies. Typically they don't have the work load to keep an accountant on staff full-time, but love to have one part-time / on call. At way you can be as busy as you like, because you take on more clients if the money isn't right. Good luck!

Question: How can an educated and experienced person from Spain come to work legally in NYC? He has the equivalence of a Bachelors degree in Business and has 4 years of work experience in a telecommunications company in Madrid doing accounting and finance and he is currently the manager of the treasury department. How can he get a job in a company and work legally here? What are the specific requirements for someone to apply for a visa without specific pre-determined purpose here? Any website suggestions or companies that are known to hire internationally?

Answer: He can apply for a tourist visa to enter the US and then look for a job while here. When he finds an employer, they will need to file the legal paper work to get him a H1B visa - an employment based visa. However, it is very difficult to do so because of the annual quota on H1B - it runs out very fast. And, there are many companies would specify that they only consider candidates with permanent work authorization. Perhaps he can work for a company in Spain with operations in US. Moving to the US through internal transfer is probably faster and easier. My 2 cents.

Question: Does anything know anything about Treasury services (sales)? Why would you work in treasury services and be a product specialist or relationship manager when you can earn more money in the investment bank? Did anyone move from IB to TS? what is the career path for someone in TS front office? What is the salary like?

Answer: I work in Treasury Services Product in the Investment Side, hand in hand with TS Sales for one of the nations largest banks. Product Management, and Development pays very well. Entry level Product Managers make about 75,000 - and you can move up to PM 3 and make close to 130,000. Our TS Sales Officers make a very good base salary, and the commission bonus they make is also very good. We are very busy, but most of us are very happy - It is exciting work.

Question: McCain advisor and porno producer Phil Gramm made this economic mess but will be treasury secretary? Gramm-Leach-Bliley Act:http://en.wikipedia.org/wiki/Gramm-Leach-Bliley_Act Porno projects: http://www.city-data.com/forum/2008-presidential-election/383178-mccain-campaign-manager-former-porn-producer-8.html Treasury secretary: http://www.urbanonramps.com/phil-gramm-might-be-mccains-treasury-secretary/ Actually I've taught Econ 101 and through the 400 level. and my facts are straight, but you are free to provide proof they are not if you can do so. Do Republicans ever actually prove anything, respond to facts, have the integrity to research their assumptions? I'm just curious because I never see it done on here. You do now mere assertion with snide name-calling is not evidence? At least I provide links. And BTW every economic commentator is clearly stating the Gramm bill is the cause of the mess, so stop trying to blame the Democrats.

Answer: If he had made pornos that sold better, maybe the economy would be stronger.

Question: I've received e-mail from EXCHANGE MANAGER OF THE AFRICAN DEVELOPMENT BANK. WHAT SHOULD I DO? MY DEAREST ONE , I am the manager of bill and exchange at the foreign remittance department of The African Development . I saw your contacts in INTERNET SEARCH,After much consideration i decided to write you since I cannot be able to see you face to face at first. I will like you to take your time to read this mail carefully. I did not mean to embarrasse you with my business proposal but I seriously need your assistance. Please this is a confidential matter and it requires urgency. In my department we discovered an abandoned sum of U.S$12.5m dollars (Twelve million five hundred thousand USD) in an account that belongs to one of our foreign customer who died along with his entire family into the World Trade Center on September 11,sept 2001 (AMERICA ATTACK). Since we got information about his death, we have been expecting his next of kin to come over and claim his money because we cannot release it unless some body applies for it as next of kin or relation to the deceased as indicated in our banking guidlines and laws, but unfortunately we learnt that all his supposed next of kin or relation died alongside with him at 11,sept 2001 (AMERICA ATTACK). leaving nobody behind for the claim. The owner of this account is Mr JOSEPH. F. GRILLO, foreigner and he is the Manager Of petrol chemical service, a chemical engineer by Profession. He died in world trade center as a victim of the September 11,2001 Incident that befall the United State of America , the bank has made series of efforts to contact any of the relatives to claim this money but without success, you can confirm through this website:http://www.september11victims.com/september11Victims/VictimInfo.asp?ID=1260 I now decided to make this business proposal to you and release the money to you as the next of kin or relation to the deceased for safety andsubsequent disbursement since nobody is coming for it and I don't want this money to go into the bank treasury as unclaimed bill.The banking law and guidine here stipulates that if such money remained unclaimed after Seven years, the money will be tranfered into the bank treasurey as unclaimed bill I therefore agree that 40%of this money will be for you as foreigner partner, in respect to the provision of a foreign account, 10% will be set aside for expenses incured during the business and 50% would be for me. There after I will visit your country for disbursement according to the percentages indicated. Therefore, to enable the immediate transfer of this fund to you as arranged, you must apply first to the bank as relation or next of kin to the deceased indicating your bank name, your bank account number, your private telephone and fax number for easy and effective communication and location where in the money will be remitted. I will not fail to bring to your notice that this transaction is hitch-free and that you should not entertain any atom of fear as all required arrangements have been made for the transfer. You should contact me immediately as soon as you recieve this letter. Trusting to hear from you immediately. Yours faithfully, MR OUMAROU SENI.

Answer: Uhm, suggest that you ignore the scam letter, spam the email ad, and delete it from your inbox. Nigerian Scam Letters, spreading all over the net, and oh by the way it also went global. Here's a sample letter that might help to convince you that it is fake (and fraudelent, if i may add): http://www.scams.net/showthread.php?t=606 There are yet hundreds of its kind that have been maliciously targeting citizens worldwide, in hundreds of different ways. You may check out from some informational sources like: http://www.fraudaid.com/ So gurl, be aware, and be careful. a'ight? PS: Say, before deleting the email, it will really be helpful if you help pass the word so that other yet possible victims be prompted to awareness with such alike encounters.

Question: Fannie Mae CEO named Treasury's bank bailout chief....Why would Obama think this is a good idea? WASHINGTON (AP) - The White House turned to an experienced former investment banker Friday to run the federal government's $700 billion bank rescue effort, selecting the head of mortgage giant Fannie Mae as an assistant Treasury secretary. Herbert Allison Jr., Fannie Mae's president and CEO, will replace Neel Kashkari, a holdover from the Bush administration. Allison, who must be confirmed by the Senate, would bear the title of assistant Treasury secretary for financial stability and counselor to Treasury Secretary Timothy Geithner. He would be in charge of the Troubled Asset Relief Program, the fund that has injected billions of dollars into banks in hopes of unclogging credit. He would inherit a program that has been sharply criticized in Congress and which banks have come to view warily because of the restrictions attached to receipt of its funds. President Barack Obama's administration has been slowly filling Treasury positions, hindered by candidates who have either withdrawn from consideration or been caught up in the vetting process. Allison's selection presents the administration with yet another challenge. If Allison is confirmed, both Fannie Mae and Freddie Mac would be without chief executives. David Moffett, formerly Freddie Mac's CEO, resigned in March. In Allison, the White House selected a former Merrill Lynch investment banker who became chairman of the retirement fund manager TIAA-CREF. Allison served as finance chief for John McCain's 2000 campaign for the Republican presidential nomination. But politically, Allison has shown himself to be bipartisan in his allegiances, contributing to both Democrats and Republicans, according to Federal Election Commission records. Since taking over in September at Fannie Mae, where he took no salary, Allison, the son of an FBI agent, developed a reputation for open-mindedness with consumer advocates, even those who have had an a contentious relationship with the giant company. "Mr. Allison is well-positioned to lead the TARP," said Scott Talbott, chief lobbyist for the Financial Services Roundtable, an industry group. "He has a wealth of experience with buying, selling, protecting, and managing assets to protect the taxpayer investment and strengthen the economy." Some industry officials said that by pulling Allison away from Fannie Mae, the White House was signaling that TARP would remain a viable component of the government's stabilization efforts for the financial industry, even in the face of hostile lawmakers and wary bankers. Bert Ely, a banking industry consultant in Alexandria, Va., said Allison has the advantages of being a known quantity to the Obama administration who is "much more of a financial heavyweight" than Kashkari. Plus, he said, the new job would likely be more of a challenge than running Fannie and Freddie, which have been operating under tight government oversight since last September. "In this new situation, he's going to be much more of a policymaker," Ely said. "I can understand why he would want to take it." http://www.breitbart.com/article.php?id=D97KG33G2&show_article=1

Answer: He is not stupid. He is setting us up to fail. The poor and the middle class will go first .

Question: Questions about Mutual Fund? The "Tata Treasury Manager Fund - SHIP" has a quote of " Dividend-Monthly 91.63" What it does mean? Will these company give 91.63 % of Dididend Per month to the fund holder?

Answer: No. About 3.5% annually.

Question: How can i understand Trade Finance from banks view point? I am Software Project manager and for assignment need to understand Trade Finanace and Treasury Management

Answer: Maybe some tips could be found on www.betonmarkets.com. Other source are amazon.com's books. Go to the site and search for books with keywords like: trading; wallstreet; expert traders, etc. Hope will help.

Question: I want to work in Hong Kong, how do I go about it? I need a big change in my life and wish to move to Hong Kong for work. I visited last summer and absolutely loved it. I have 18 months of experience in Capital Markets/Fixed Income as a Treasury Manager and ideally would look for something Treasury or Investment Trust related but I dont know anything about the job market in HK - could someone point me in the right direction? What salary could I expect, what are the living costs like and as an EU national, what are my entry requirements for a working visa etc? Any other useful information would be much appreciated! Please help!

Answer: Work for a bowl of rice a day and you'll do just fine

Question: I want to work in New York, how do I go about it? I need a big change in my life and wish to move to New York for work. I have 18 months of experience in Capital Markets/Fixed Income as a Treasury Manager and ideally would look for something Treasury or Investment Trust related but I dont know anything about the job market in NYC - could someone point me in the right direction? What salary could I expect, what are the living costs like and as an EU national, what are my entry requirements for a working visa etc? Any other useful information would be much appreciated! Please help!

Answer: I think we could help you find something. Email info@wishcraft.org and we'll see what we can do.

Question: Who knows what these military, intelligence & government people have in common? Louis Freeh – Director of FBI, 1993-2001. Former U.S. District Court Judge for Southern District of New York, appointed by President George H.W. Bush. Former Deputy United States Attorney in New York. Former FBI agent. Former officer in United States Army. General Albert Stubblebine, U.S. Army (ret) – Commanding General of Army Intelligence and Security Command (INSCOM), 1981 - 1984. Also commanded U.S. Army’s Intelligence Center. Former head of Imagery Interpretation for Scientific and Technical Intelligence. 32-year Army career. Col. Robert Bowman, PhD, U.S. Air Force (ret) – Director of Advanced Space Programs Development under Presidents Ford and Carter. Air Force fighter pilot, over 100 combat missions. PhD in Aeronautics, Nuclear Engineering. Raymond L. McGovern – Former Chairman, National Intelligence Estimates, CIA. Responsible for President’s Daily Brief (PDB) for Ronald Reagan and George H.W. Bush. 27-year CIA veteran. Former U.S. Army Intelligence Officer. Francesco Cossiga – President of Italy, 1985-1992. Also served as Former Prime Minister, Undersecretary for Defense, and President of the Italian Senate. Col. George Nelson, U.S. Air Force (ret) – Former U.S. Air Force aircraft accident investigator and airplane parts authority. 34-year Air Force career. Col. Ronald D. Ray, U.S. Marine Corps (ret) – Deputy Assistant Secretary of Defense during Reagan Administration. Highly decorated Vietnam veteran (two Silver Stars, a Bronze Star and a Purple Heart). Appointed by President George H.W. Bush to serve on American Battle Monuments Commission. From 1990 to 1994, served as Military Historian and Deputy Director of Field Operations for U.S. Marine Corps Historical Center, Washington, D.C. Rep. Curt Weldon – Ten-term Republican Congressman from Pennsylvania. House Armed Services Committee Vice Chairman. Homeland Security Committee Vice Chairman. Lt. Col. Anthony Shaffer, U.S. Army (ret) – Former Military Intelligence Officer, Defense Intelligence Agency. Member of Able Danger effort to target Al Qaeda’s global structure. Former Chief of the Army’s HUMINT [Human Intelligence] program. Awarded the Bronze Star for bravery for the first of his two combat tours to Afghanistan. 23-year military intelligence career. Lt. Col. Karen Kwiatkowski, PhD, U.S. Air Force (ret) – Former Political-Military Affairs Officer in the Office of the Secretary of Defense. Staff Member, Office of Director of the National Security Agency. 20-year Air Force veteran. Paul Craig Roberts, PhD – Assistant Secretary of the U.S. Treasury under Ronald Reagan. "Father of Reaganomics." Former Associate Editor of the Wall Street Journal. Currently Chairman of the Institute for Political Economy and Research Fellow at the Morgan Reynolds, PhD – Chief Economist, Department of Labor under George W. Bush 2001-2002. Former Director of the Criminal Justice Center at the National Center for Policy Analysis. Professor Emeritus, Texas A&M University. Catherine Austin Fitts – Assistant Secretary of Housing under George H.W. Bush. Former Managing Director of Wall Street investment bank, Dillon, Read & Co. Major Scott Ritter, U.S. Marine Corps – Former Marine Corps Intelligence Officer and Chief Weapons Inspector for the United Nations Special Commission in Iraq 1991-1998 William Christison – Former National Intelligence Officer and Director of the CIA's Office of Regional and Political Analysis. 29-year CIA veteran. Melvin A. Goodman – Senior Analyst, Bureau of Intelligence and Research, State Department, 1974-1976. Former Division Chief and Senior Analyst, Office of Soviet Affairs, CIA,1976 - 1986. Professor of International Security, National War College 1986-2004. Currently Senior Fellow, Center for International Policy and Adjunct Professor of International Relations, Johns Hopkins University. Author or co-author of five books on international relations. Robert Baer – Former CIA Case Officer, Specialist in Middle East, Directorate of Operations. Awarded Career Intelligence Medal. 21-year CIA veteran. Author of two nonfiction books about CIA operations, See No Evil and Sleeping with the Devil Edward L. Peck – Deputy Director of the White House Task Force on Terrorism under Ronald Reagan. Former Deputy Coordinator, Covert Intelligence Programs at the State Department. U.S. Ambassador and Chief of Mission to Iraq (1977-80). 32-year veteran of the Foreign Service. Morton Goulder – Deputy Assistant Secretary of Defense for Intelligence and Warning under Presidents Nixon, Ford, and Carter (1973-77). Founder of Sanders Associates. Fred Burks – Former State Department Interpreter for Presidents George W. Bush and Bill Clinton, Vice Presidents Dick Cheney and Al Gore, Secretaries of State Colin Powell and Madeleine Albright. 18-year State Department career. Major Douglas Rokke, PhD, U.S. Army (ret) – Former Director U.S. Army Depleted Uranium Project. Capt. Russ Wittenberg, U.S. Air Force – Former Air Force fighter pilot, over 100 combat missions. Commercial pilot for Pan Am and United Airlines for 35 years. Had previously flown the actual two United airplanes that were hijacked on 9/11. Barbara Honegger – Senior Military Affairs Journalist at the Naval Postgraduate School (1995 - present). White House Policy Analyst and Special Assistant to the Assistant to President Ronald Reagan (1981-83). Capt. Gregory M. Zeigler, PhD, U.S. Army – Former U.S. Army Intelligence Officer Sibel D. Edmonds – Former Language Translation Specialist, FBI. Performed translations for counterterrorism, counterintelligence operations. 9/11 Commission Witness Bogdan Dzakovic – 14-year Counterterrorism expert, Security Division of Federal Aviation Administration (FAA). Team Leader of FAA's Red (Terrorism) Team. Former Team Leader in Federal Air Marshal program. Former Coast Guard officer. Witness for 9/11 Commission. Senator Max Cleland – Former member of the 9/11 Commission, resigned December 2003. U.S. Senator from Georgia 1996-2002. Currently serves on the board of directors of the Export-Import Bank of the United States. Administrator of U.S. Veterans Administration 1977-1981. Awarded Silver Star and Bronze Star for U.S. Army bravery in Viet Nam. Triple amputee from war injuries. John M. Cole – Former Intelligence Operations Specialist, Counterintelligence Division, FBI. In charge of FBI’s foreign intelligence investigations covering India, Pakistan and Afghanistan.18-year FBI career. David "Mark" Conrad – Retired Agent in Charge, U.S. Customs. Responsible for internal integrity and security for areas encompassing nine states and two foreign locations. Former Federal Sky Marshall. 27-years in U.S. Customs. Currently Professor of Criminal Justice at Troy University. Edward J. Costello, Jr. – Former Special Agent, Counterterrorism, FBI. Former Judge, Los Angeles, CA. Rosemary N. Dew – Former Supervisory Special Agent, Counterterrorism and Counterintelligence, FBI. Former member President's National Security Telecommunications Advisory Committee (NSTAC) and the Electronic Commerce/Cyber Crime Working Group. 13-year FBI career. Bogdan Dzakovic – 14-year Counter-terrorism expert, Security Division of Federal Aviation Administration. Witness before the 9/11 Commission. (For more, click here) Sibel D. Edmonds – Former Language Translation Specialist, performing translations for counterterrorism and counterintelligence operations, FBI. Witness before the 9/11 Commission. (For more, click here) Steve Elson – Former Special Agent with the U.S. Navy and the FAA. Specialist in Counterterrorism, Intelligence, and Security. Twenty-two years military experience, primarily in Naval Special Warfare and nine years Federal service with the FAA and DEA. Retired Navy Seal. David Forbes – Aviation, Logistics and Govt. Security Analysts, BoydForbes, Inc. Melvin A. Goodman – Senior Analyst at the Bureau of Intelligence and Research, State Department, 1974-1976. Professor of International Security at the National War College 1986-2004. (For more, click here) Mark Graf – Former Security Supervisor, Planner, and Derivative Classifier, Department of Energy. Former Chairman of the Rocky Flats (DOE) Physical Security Systems Working Group from 1990 through 1995. Gilbert M. Graham – Retired Special Agent, Counterintelligence, FBI. 24-year FBI career. Diane Kleiman – Former Special Agent, US Customs. Lt. Col. Karen Kwiatkowski, PhD, U.S. Air Force (ret) – Former Political-Military Affairs Officer in the Office of the Secretary of Defense. Staff Member, Office of Director of the National Security Agency. 20-year Air Force veteran. (For more, click here) Lynne A. Larkin – Former CIA Operations Officer. Served in several CIA foreign stations and in the CIA's counter-intelligence center helping chair a multi-agency task force and seminars on coordinating intelligence among intelligence and crime prevention agencies. David MacMichael – Former Senior Estimates Officer with special responsibility for Western Hemisphere Affairs at the CIA's National Intelligence Council. Former Captain, U.S. Marine Corps. 10-year military service. Raymond L. McGovern – Former Chairman, National Intelligence Estimates, CIA, responsible for preparing the President’ Daily Brief (PDB) for Ronald Reagan and George H.W. Bush. 27-year CIA veteran. Former U.S. Army Intelligence Officer. (For more, click here) Theodore J. Pahle – Former Senior Intelligence Officer, Defense Intelligence Agency. 37-year intelligence career. HUMINT [Human Intelligence] operations officer with DIA, Office of Naval Intelligence and U.S. Army Intelligence. Middle East and Latin American operations specialist. Behrooz Sarshar – Retired Language Translation Specialist, performing Farsi translations for counterterrorism and counterintelligence operations dealing with Iran and Afghanistan, FBI. Brian F. Sullivan – Retired Special Agent, Risk Management Specialist, FAA. Retired Lieutenant Colonel, Military Police. Commander Larry J. Tortorich, U.S. Navy (ret) – Former Deputy Program Manager for Logistics – Tomahawk Cruise Missiles. 24-year Navy career in the fields of aviation and counterterrorism. Two years as a federal employee with DHS/TSA in the fields of security and counterterrorism. Jane A. Turner – Retired Special Agent, 24-years in FBI. John B. Vincent – Retired Special Agent, Counterterrorism, FBI. 27-year FBI career. Dr. Fred Whitehurst – Retired Supervisory Special Agent / Laboratory Forensic Examiner, FBI. Former U.S. Army Intelligence Officer. Col. Ann Wright, U.S. Army (ret) – Retired Army officer and Former U.S. Diplomat. 29 years in U.S. Army, U.S. Army Reserves. Member of International law team in Operation Urgent Fury in Grenada. Served in Panama and Somalia. Joined Foreign Service in 1987. Deputy Chief of Mission, U.S. Embassies in Sierra Leone, Micronesia and Afghanistan. Helped reopen US Embassy in Kabul in December, 2001. Matthew J. Zipoli – Special Response Team (SRT) Officer, DOE. Vice President, Security Police Officer's Association, Lawrence Livermore National Laboratory http://www.wanttoknow.info/officialsquestion911commissionreport

Answer: They are all highly educated, very experienced, and knowledgeable. They also all believe that the Official 9/11 Commission's Report is not addressing too many legitimate questions to be considered a legitimate endeavor and that "WE the People" deserve better. Like the truth, but that just isn't going to happen unless our Congress puts the interests of the people before the interests of the large media lobbyists and the people who probably have a little "dirt" on each member and could hypothetically be holding it over their heads as a threat to remain complacent or else.