Associate - U.S. Treasury Cash Management

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.

How you'll succeed

• 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.

Who you are

• 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.

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.

This position does not offer visa sponsorship

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What CIBC Offers

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.

*Subject to plan and program terms and conditions

What you need to know

• CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact [email protected]

• You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.

• We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Job Location

NY-300 Madison Ave., 5th Floor

Employment Type

Regular

Weekly Hours

Skills

Analytical Thinking, Business Management, Investments, Liquidity Management, Prioritization, Strategic Objectives, Treasury Management, Treasury Policies

At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability.

Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel.

Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.