Transaction Banking Services - Cash Management Services – Associate

CA CIB Americas; Woodbridge Township (NJ); Sur place; USD 105 000 - 120 000; Plein temps

Résumé du poste

Crédit Agricole in Iselin, NJ seeks a Cash Management Specialist to oversee US dollar payments, Fedline and CHIPS transactions, and daily liquidity operations. You will ensure accurate balances and timely payments via GPS and SWIFT while maintaining controls and secure processing.

The role requires flexibility to work 4–5 days per week, with shifts from 10:30 am to 7:30 pm or FED window coverage, and coordination with Treasury and Front Office teams.

Responsabilités

• Monitor Intra-Day Liquidity – FED available cash position throughout the business day.
• Ensure FED balance does not exceed the Intra-Day Cap.
• Approve and release payments in GPS and SWIFT.
• Process Fed Service messages.
• Review all possible violations in OFAC using Fircosoft.
• Verify daily reconciliations performed correctly.
• Manage end of CHIPS funding and related accounting entries.
• Communicate USD position to the Dollar Funding Desk.
• Process check deposits and bank transfers as required.
• Support end-of-day Fed Wire closing.
• Handle investigations concerning nostro accounts and settlements.
• BCP testing for CHIPS and FED with potential weekend support.

Connaissances

Intra-day monitoring

FED balance mgmt

Payments processing

Reconciliations

OFAC screening

End-of-day CHIPS

Treasury communication

Description du poste

Summary

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 – Individual will need to work 4 to 5 days per week 10:30am to 7:30pm or Federal Reserve Bank Closing **

** 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

Role is in the Iselin, Metropark NJ Office

Salary Range: $105k - $120k