Cash Control Manager – International Bank

International Bank is seeking a Cash Control Manager with following responsibilities:

  • Checking and approving client wires in the trust accounting system and via SWIFT   through the FIS ECHOS system.
  • Supervising Administrator Level Staff Monitoring and arranging settlement of wire credits and debits at the Fed (via JPMorgan Chase Bank), Euroclear, and RBC.
  • Monitoring and confirming funding for settlement of CLS credits and debits, and arranging settlement of transactions in the trust accounting system.
  • Checking daily sweep investment calculations, posting, and funds transfer across various platforms.
  • Conducting a daily reconciliation of cash balances on the trust accounting system versus sub-custodian balances.
  • Reporting, tracking and testing of trust accounting system defects (heavy communication with system vendor).
  • Performing User Acceptance Testing of trust accounting system.
  • Reviewing and updating procedure manual.
  • Responding to client inquiries and backing up other Custody Department Managers.

 

Position Requirements:

 

  • Bachelor’s Degree in Business, Accounting or Finance
  •  4-6 years of relevant banking work experience in wire processing. At least 2 years of experience in wire processing.