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
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
- Microsoft Office
- SAP software
- Comply with Bank and Industry Codes of Conduct
This is the pay range that Magnit reasonably expects to pay for this position: $35.13/hour - $37.66/hour
Benefits: Medical, Dental, Vision, 401K
