Cash Management Associate I

Cash Management Associate

If you are hired to this position, you will be employed by Magnit Global. You will not be employed by City National Bank.

The Cash Management Associate performs day-to-day cash disbursement functions according to firm standards.

The Responsibilities :

Maintain close communication with agent banks and business units to ensure smooth payment execution

Handle cash disbursement enquiries and internal investigation

Providing funding support to Treasury across all product lines including fixed income, money market, derivative, structured product, broker dealer, loans and other trading groups

Validating projected balances and confirming real time positions including intraday liquidity

Analyzing cash positions, general ledger and balance sheets of trader's portfolios to ensure appropriate funding

Ensuring correct cost of carry allocation applied to respective business lines

Communicating with various departments of the bank regarding positions, specific transactions and related cash movements Interfacing with multiple front office areas regarding daily cash requirements and balances

Providing assistance to traders regarding late trades / position management for all in scope currencies, supporting the Global FX initiative

The Qualifications :

Accounting principles and transactions experience

Microsoft Office experience

PC for Windows experience

SAP software experience

Knowledge of Bank and Industry Codes of Conduct

Accounting experience

Treasury experience

This is the pay range that Magnit reasonably expects to pay for this position : $18.68 / hour - $20.03 / hour Benefits : Medical, Dental, Vision, 401K

QUALIFICATION / LICENSURE :

Work Authorization : Green Card, US Citizen, Other valid work visa

Preferred years of experience : 1 years

Travel required : No travel required

Shift timings :