Cash Management Associate II Job Listing at City National Bank in Los Angeles, CA (Job ID 116934)

Description

If you are hired to this position, you will be employed by Magnit Global. You will not be employed by City National Bank.

Role is fully remote and will only accept candidates in pacific time zone states between 10am-7pm.

The Opportunity

Perform day-to-day cash disbursement functions according to Firm standards. Maintain close communication with agent banks and business units to ensure smooth payment execution. Handle cash disbursement inquiries and internal investigation. Provide funding support to Treasury across all product lines including Fixed Income, Money Market, Derivative, Structured Product, Broker dealer, Loans, and other trading groups. Validate projected balances and confirm real-time positions including intraday liquidity. Analyze cash positions, general ledger, and balance sheets of trader's portfolios to ensure appropriate funding. Ensure correct cost of carry allocation applied to respective business lines. Communicate with various departments of the bank regarding positions, specific transactions, and related cash movements. Interface with multiple front office areas regarding daily cash requirements and balances. Provide assistance to traders regarding late trades/position management for all in-scope currencies, supporting the Global FX initiative.

The Responsibilities

• Perform day-to-day cash disbursement functions according to Firm standards.
• Maintain close communication with agent banks and business units to ensure smooth payment execution.
• Handle cash disbursement inquiries and internal investigation.
• Provide funding support to Treasury across all product lines including Fixed Income, Money Market, Derivative, Structured Product, Broker dealer, Loans, and other trading groups.
• Validate projected balances and confirm real-time positions including intraday liquidity.
• Analyze cash positions, general ledger, and balance sheets of trader's portfolios to ensure appropriate funding.
• Ensure correct cost of carry allocation applied to respective business lines.
• Communicate with various departments of the bank regarding positions, specific transactions, and related cash movements.
• Interface with multiple front office areas regarding daily cash requirements and balances.
• Provide assistance to traders regarding late trades/position management for all in-scope currencies, supporting the Global FX initiative.

The Qualifications

• Knowledge of accounting principles and transactions.
• Proficiency in Internet and Microsoft Office applications.
• Experience with PC for Windows and SAP software.
• Ability to comply with Bank and Industry Codes of Conduct.
• Familiarity with ERP platforms.
• Participation in educational workshops related to administration and accounting.
• Bi-lingual Spanish speaking
• Treasury experience is highly needed.

This is the pay range that Magnit reasonably expects to pay for this position: $20.00/hour - $25.00/hour

Benefits: Medical, Dental, Vision, 401K

QUALIFICATION/LICENSURE
Work Authorization : US Citizen
Preferred years of experience : 1 years
Travel required : No travel required
Shift timings : Role is fully remote and will only accept candidates in pacific time zone states between 10am-7pm

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