Transaction Banking Services - Cash Management Services - Associate

Note - Individual will need to work 4 to 5 days per week 10:30am to 7:30pm or Federal Reserve Bank Closing SummaryCash Management Services is responsible for processing the following types of transactions:US Dollar Payments and Receipts through FED or CHIPSUSD and Foreign currency SWIFT paymentsCheck paymentsBook 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 ResponsibilitiesMonitor Intra-Day Liquidity - FED available cash position throughout the business dayEnsure FED balance does not exceed the Intra-Day CapTimely communication and escalation to Sr.Management/Treasury for Intra-day issuesMonitor FED/CHIPS SOD/EOD balances for interruptions and/or exceptionsApprove and release payments in GPS and SWIFTProcess Fed Service messagesReview 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 agreementManage the end of CHIPS funding and process related accounting entries.Assist with the aircraft closing processing in NYManage 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 systemProcess check deposits using BNY Mellon Treasury Edge system.Manage the branch's nostro cash position at Bank of New York MellonReview all incoming SWIFT messages and distribute to the areas concernedProcess 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 ReportingReports to the Head of TBO/CAO Key Internal contactsTreasury deskCorporate Banking Front Office teams, including ITB Middle OfficeFinance and AccountingVarious internal operations related units Key External contactsFederal Reserve BankNew York Clearing House (CHIPS)BNY Mellon Role is in the Iselin, Metropark NJ Office Salary Range: $105k - $120k#LI-DNI