Job Description
If you are hired to this position, you will be employed by Magnit Global. You will not be employed by City National Bank.
*The Opportunity*
The Cash Management Associate perform 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 enquires 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
* ERP Platforms
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 :* US Citizen, Other valid work visa
*Preferred years of experience :* 1 years
*Travel required :* No travel required
*Shift timings :*
Job Tags
Bank staff, Work at office, Work visa, Shift work,
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