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

The Cash Management Associate 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 and transactions experience 
• Microsoft Office experience
• PC for Windows experience
• SAP software experience 
• Knowledge of Bank and Industry Codes of Conduct 
• Accounting experience 
• Treasury experience 

This is the pay range that Magnit reasonably expects to pay for this position: $18.68/hour - $20.03/hour

Benefits: Medical, Dental, Vision, 401K