Associate - U.S. Treasury Cash Management

CIBC•New York, NY

3d•Hybrid

About The Position

We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients. At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute. To learn more about CIBC, please visit CIBC.com What you'll be doing The Associate - U.S. Treasury Cash Management position is responsible for projecting cash balances for assigned retail and Nostro accounts, ensuring daily closing balances remain within prescribed limits. Maintains optimal levels to minimize overdraft interest and compensation costs, proactively resolving issues in collaboration with supervisors and stakeholders. Produces management reports to identify trends, problems, and assess process effectiveness. Supports ongoing cash management projects as assigned. At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

Requirements

You have a Bachelor’s degree.
You possess at least 3+ years of relevant experience.
You articulate strong analytical and investigative skills; detail-oriented.
You have the ability to work independently, under pressure, and meet deadlines.
You show effective oral and written communication skills.
You portray strong problem-solving and organizational abilities.
You are proficient in Microsoft Office suite.
You are familiar with back office operations, industry mechanics, and process automation tools.
You understand basic accounting principles and transaction processing.
You have knowledge of US and foreign settlement procedures.

Responsibilities

Manage all Nostro clearing accounts, ensuring daily closing balances remain within required limits and overdraft costs are minimized while maximizing revenue.
Calculate and accrue interest income and expenses; ensure clearing banks charge or pay anticipated amounts, promptly investigate and resolve discrepancies to safeguard revenue.
Project daily closing positions of all accounts, compare projections to actuals, analyze variances, and recommend process improvements.
Provide backup support within the Cash Management unit as needed.
Participate in bank’s disaster recovery and contingency funding plan testing to ensure business continuity.
Coordinate with operation support units to gather cash flow information, resolve settlement issues, and rectify account discrepancies.
Identify, analyze, and streamline business processes to improve efficiency and implement automation solutions that reduce manual effort and enhance operational performance.

Benefits

At CIBC, we offer a competitive total rewards package.
This role has an expected salary range of $94,400 - $115,000K for the New York, NY market based on experience, qualifications, and location of the position.
The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which may also include a discretionary bonus component.
CIBC offers a full range of benefits and programs to meet our employee’s needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave and Vacation), Holidays and 401(k), in addition to other special perks reserved for our team members.
At CIBC, your goals are a priority.
We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential.
We aspire to give you a career, rather than just a paycheck.
We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.
Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.