Treasury Manager, Capital Markets

Overview Empower every person and organization on the planet to achieve more. That’s what inspires us, drives our work, and pushes us to challenge the status quo every day. At Microsoft we also work to empower our employees so they can achieve more.

We believe we should each find meaning in our work and we ensure employees have the freedom and the reach to help make a difference in the world. Microsoft Finance’s vision is focused on how business partnership leads to outcomes and how we drive impact.

Treasury’s Capital Markets team oversees Microsoft's $100B+ investments, manages risk, supports corporate financing, and advances sustainability finance. The team collaborates with leaders to help achieve Microsoft's mission and sustainability objectives.

We are seeking a self-motivated Treasury Manager with a learner mindset to join Treasury’s Capital Markets and Impact Investing team. This role will support the management of Microsoft’s investment portfolio through external manager oversight, credit and counterparty research, global macroeconomic analysis, and collaboration across the investment team and broader Treasury organization.

Ideally, you will be motivated, analytical, and results-oriented with solid communication, as this position calls for someone that is highly curious with a desire to learn, advanced technical skills, sound business judgment, and the capacity to influence others both inside and outside the company.

At Microsoft, our mission—to empower every person and every organization on the planet to achieve more—guides how we partner with customers to deliver trusted, impactful solutions. With a growth mindset culture, we innovate responsibly and measure success by shared progress—people, teams, and customers. Join us to do meaningful work that changes the world and helps shape what’s next for everyone.

Responsibilities

• External Manager Research and Selection: Lead due diligence, selection, and ongoing oversight of external investment managers; monitor performance, risk, and compliance; and maintain strategic relationships through regular portfolio and market discussions.
• Credit & Counterparty Analysis: Manage the global banking counterparty program and conduct fundamental credit research across corporate and sovereign issuers, monitor credit developments, and prepare recommendations for investment committee review.
• Global Macroeconomic Research: Own macroeconomic and policy analysis for assigned countries, assess the market implications of key economic and policy developments, and deliver timely research and insights to the investment team.
• Investment Team Collaboration & Innovation: Partner across Capital Markets and Treasury on portfolio decisions, reporting, and operational priorities; mentor talent and advance AI-enabled tools that improve forecasting, reporting, and portfolio efficiency.
• Cross Functional Leadership: Collaborate with Accounting, Tax, Legal, Operations, and Sourcing to ensure financing structures are executable, compliant, and operationally scalable.
• Market & Peer Insight: Monitor broader investment market trends, institutional investor activity, and corporate cash peer practices to continuously evolve investment approaches and identify opportunities for improvement or innovation.
• Other: Embody our culture  and  values

Qualifications

Required/Minimum Qualifications

• Bachelor’s degree in finance, Accounting, or Business AND 3+ years’ experience with background in treasury, finance, banking, or accounting OR equivalent experience.

Additional or Preferred Qualifications

• Bachelor’s degree in finance, Accounting, or Business AND 5+ years’ experience with background in treasury, finance, banking, or accounting OR Master’s Degree in Business Administration (MBA) or Science in Finance (MSF) AND 3+ years’ experience with background in treasury, finance, banking, or accounting OR equivalent experience.
• Professional Treasury Certification (e.g. Chartered Financial Analyst [CFA], Certified Treasury Professional [CTP], Financial Risk Manager [FRM]).
• Culture leader with growth mindset and desire to learn and develop expertise in financing our business.
• Solid communication with the ability to distill complex analysis into clear, concise messaging.
• Collaborative mindset, solid attention to detail, and a passion for continuous learning.
• Advanced Excel skills including familiarity with Copilot and AI tools.
• Proficiency with Bloomberg, FactSet, or similar market-data platforms.

Treasury IC3 - The typical base pay range for this role across the U.S. is USD $77,800 - $153,700 per year. There is a different range applicable to specific work locations, within the San Francisco Bay area and New York City metropolitan area, and the base pay range for this role in those locations is USD $102,200 - $169,900 per year.

Certain roles may be eligible for benefits and other compensation. Find additional benefits and pay information here:

https://careers.microsoft.com/us/en/us-corporate-pay

This position will be open for a minimum of 5 days, with applications accepted on an ongoing basis until the position is filled.

Microsoft is an equal opportunity employer.

All qualified applicants will receive consideration for employment without regard to age, ancestry, citizenship, color, family or medical care leave, gender identity or expression, genetic information, immigration status, marital status, medical condition, national origin, physical or mental disability, political affiliation, protected veteran or military status, race, ethnicity, religion, sex (including pregnancy), sexual orientation, or any other characteristic protected by applicable local laws, regulations and ordinances.

If you need assistance with religious accommodations and/or a reasonable accommodation due to a disability during the application process, read more about requesting accommodations.