Cash Management Operations Specialist

Valley Bank•Morristown, NJ

About The Position

This role is responsible for monitoring daily liquidity, reporting transactions, and managing cash balances. The specialist will analyze cash flow patterns, execute funding, and identify trends and risks. They will also generate reports, assist with audits, perform testing, and partner with external vendors. Additionally, the role involves resolving transaction investigations, maintaining documentation, escalating issues, and managing cash-related risks.

Requirements

Knowledge in the Cash Management working environment and manage business results in alignment with strategic objectives.
Make sound decisions that incorporate the needs of the customer and the Bank.
Display professionalism in both written and oral communication; the ability to actively listen and comprehend, and deliver in order to meet department objectives.
Attention to Detail.
Uses mathematical techniques to calculate data or solve practical problems.
Ability to prioritize, monitor, and complete multiple tasks or projects.
Data query and data management abilities.
High School or relevant experience.
Three or more years of experience in a similar financial services operations' role, such as Cash Management, Wires, FX, and Swift.
Working knowledge of Windows based software.
General knowledge of Cash Management or Banking products and/or solutions.
Strong understanding of Banking products and financial markets.

Responsibilities

Monitor daily liquidity and report all incoming and outgoing transactions and cash balances to management.
Coordinate with Loan and Treasury teams and other stakeholders to ensure adequate liquidity for daily operations.
Analyze cash flow patterns, identify areas of improvement, and recommend enhancements on cash flow efficiencies.
Execute daily supplementary funding to the clearing house and resolve any cash liquidity discrepancies.
Monitor cash positions on a regular basis to identify trends, potential risks, and opportunities for cash optimization.
Investigate any discrepancies or unusual activities.
Generates regular reports and analysis related to cash management activities such as key performance indicators (KPIs), KRIs, and SLAs.
Assist with extracting and compiling audit reports for external and internal auditors.
Perform User Acceptance Testing of the Functional Requirements for various online products and business processes.
Partner with external vendors, including the Federal Reserve Bank, Clearing House Chips, and Service providers to perform quarterly tests, system enhancements, and daily liquidity funding.
Resolve all foreign exchange and USD wire transaction Investigations such as trade discrepancies, non-receipt of funds, and trade confirmations.
Maintain proper documentation, track, and follow all provided processes and protocols precisely and timely.
Escalate issues as needed to maintain deadlines and service levels.
Identify and manage cash related risks, such as liquidity risk, currency risk and operational risk.
Develop appropriate risk policies and controls.