Summary
Role is in the Iselin, Metropark NJ Office
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 **
Transactions are processed through the Montran GPS application. Fedline Advantage is maintained as a back-up in case GPS is not operational.
Key Responsibilities
· 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
Key External contacts
· Federal Reserve Bank
· New York Clearing House (CHIPS)
· BNY Mellon
Salary Range: $90k - $112k