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Cash and Funding Specialist

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Job ID FIN-13956 City Los Angeles State California Additional Location: Exempt/Non Exempt Non-Exempt Shift Day Work Schedule M-F, 7-4
Job Details:


Responsible for managing the Bank's account at the Federal Reserve. Able to make decisions and exercise independent judgment during periods of high stress. Manage several large deposit relationships. Participate in projects to increase the profitability of the funding desk. Help monitor collateral requirements for various deposit accounts as well as other exposures. Produce accurate and timely reports and maintain detailed desk and emergency procedures. Work with treasury management to fund the Bank and/or utilize excess funding as efficiently as possible.

Finance Division
This is a great opportunity to grow your career with a stable and expanding organization as a member of City National's Finance team. This group records, analyzes, reports and optimizes to maintain the bank’s financial health, while following principles and legislation to ensure we're doing what's right.

  • Purchase or sell in excess of $1 billion a day in fed funds and other money market instruments to maintain the bank’s reserve requirements and efficiently utilize excess funds.
  • Monitor the funds transfer system very closely to track large wire activity.
  • Manage relationships with money-market brokers as well as other institutional deposit and short-term lending affiliations.
  • Estimate future cash-flows and maintain sufficient liquidity for daily operations as well as short and long term funding needs.
  • Track due-from bank account balances.
  • Post daily Funds Transfer Pricing (FTP) rates and other market information for use Bank-wide by relationship managers and loan officers for deposit and loan pricing.
  • As part of the Pricing Desk team, promptly and professionally respond to FTP and prepayment inquiries from the line.
  • Help maintain accurate records of all rate-locks and follow-up as necessary.
  • Ensure all cash and funding transactions are accurately entered in the Bank’s accounting system (TPG).
  • Assist in correspondent banking customer service and profitability measurement as necessary.
  • Assist in the monitoring of all Treasury collateral requirements.
  • Assist in the production of accurate and timely liquidity and position reports for use by senior management.
  • Maintain detailed and up-to-date desk procedures.
  • Assist in the management of the disaster recovery process and policies for the Funding Desk and all of Treasury.
  • Comply fully with all Bank Operational and Credit policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Know Your Client, Community Reinvestment Act, Fair Lending Practices, Code of Conduct, etc.).
  • Complete all required training.



  • Bachelor's Degree in business, finance, or similar field required.
  • Minimum 2 years of experience with funds transfer systems, FedLine, and/or banking funds management regulations.
  • Minimum 4 years of experience with Microsoft Windows applications, particularly Excel and Word.

Skills and Knowledge

  • Strong interpersonal, verbal and written communication skills to interact with brokers, clients, and colleagues.
  • Ability to problem solve and work effectively under pressure.
  • Skilled in the use of Bloomberg L.P.

*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.

We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish.City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.

City National Bank requires all colleagues to be fully vaccinated against COVID-19 to work on-site at any of our locations.



Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled
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