Summary
Join this exciting opportunity to contribute to the buildout of a Cash Management Services team!
Company Information:
Cash Management Services is responsible for processing the following types of transactions:
US Dollar Payments and Receipts through FED or CHIPS
USD and Foreign currency SWIFT payments
Check payments
Book transfers
** Note: Must be available to work an 8 hour period during the normal payments business day – FED window is 7am to 7pm
Job Description:
- Monitor Intra-Day Liquidity – FED available cash position throughout the business day
- Ensure FED balance does not exceed the Intra-Day Cap
- Timely communication and escalation to Sr. Management/Treasury for Intra-day issues
- Monitor FED/CHIPS SOD/EOD balances for interruptions and/or exceptions
- Approve and release payments in GPS and SWIFT
- Process Fed Service messages
- Review all possible violations in OFAC using Fircosoft system.
- Verify all daily reconciliations performed correctly.
- Confirm third party transfers in accordance with the client’s security agreement
- Manage the end of CHIPS funding and process related accounting entries.
- Assist with the aircraft closing processing in NY
- Manage end of day Fed Wire closing.
- Communicate the USD position to the Dollar Funding Desk, maximizing accuracy and minimizing Overdrafts.
- Verify and release tax payments through BNY Mellon Treasury Edge system
- Process check deposits using BNY Mellon Treasury Edge system.
- Manage the branch’s nostro cash position at Bank of New York Mellon
- Review all incoming SWIFT messages and distribute to the areas concerned
- Process all monthly billing presented by BONY, Clearing House, Swift, and Fed.
- Handle all investigations concerning clients, nostro accounts and compensation claims.
- BCP Testing does multiple times a year for CHIPS and FED (will require weekend support)
Management and Reporting
- Reports to the Head of TBO/CAO
Key Internal contacts
- Treasury desk
- Corporate Banking Front Office teams, including ITB Middle Office
- Finance and Accounting
- Various internal operations related units
Requirements / Qualifications:
- Bachelors Degree required (any discipline)
- FEDWIRE and CHIP’s usage
- SWIFT
- Communication skills
- Ability to work in a small team
- Payment systems
- Microsoft Office products
- Role is in the Iselin, Metropark NJ Office
