Entity
About Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB)
Crédit Agricole CIB is the corporate and investment banking arm of Crédit Agricole Group, the 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2022).
8,600 employees in more than 30 countries across Europe, the Americas, Asia-Pacific, the Middle-East and North Africa, support the Bank's clients, meeting their financial needs throughout the world.
Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital market activities, investment banking, structured finance, commercial banking and international trade.
The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients.
For more information, please visit www.ca-cib.com
Twitter: https://twitter.com/ca_cib
LinkedIn: https://www.linkedin.com/company/credit-agricole-cib/
By working every day in the interest of society, we are a group committed to diversity and inclusion. All our positions are open to people with disabilities.
Reference
2024-92564
Update date
19/09/2024
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: 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
Salary
85k-115k
Role is in the Iselin, Metropark NJ Office