Funding Support Associate

Company: LPX Group
Location: Jersey City
Posted on: June 18, 2022

Job Description:

The candidate will find themselves communicating with Traders, Operational Groups, Accounting and Technology daily. This role holds the critical responsibility of tracking billions of dollars in cash flows in USD and all other major currencies. Due to diversity of business lines impacted by Funding Support, the role offers a unique opportunity to learn about multiple facets of the organization.

• Providing Funding Support to Treasury across all product lines including Fixed Income, Money Market, Derivative, Structured Product, Broker dealer, Loans, and other trading groups
• Validating projected balances and confirming real time positions including intraday liquidity management and priority
• settlements
• Analyzing cash positions, general ledger, and balance sheets of trader's portfolios to ensure appropriate funding
• analyzing total Assets-Liabilities and YTD PnL
• Ensuring correct cost of carry allocation applied to respective business lines
• Communicating with various departments of the bank regarding positions, specific transactions and related cash movements
• Reconciling actual cash flows with projected cash flows.
• Full understanding of Cash accounts, Nostro Accounts, and Contra accounts
• Interfacing with multiple front office areas regarding daily cash requirements and balances

Keywords: LPX Group, Jersey City , Funding Support Associate, Other , Jersey City, New Jersey