Head of USD Cash Clearing (Correspondent Banking)

Permanent contract|New York|Retail & online banking

Head of USD Cash Clearing (Correspondent Banking)

New York, United States Permanent contract Retail & online banking


Base Salary Range: $152,000 - $250,000

Base salary range does not include overtime pay, bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience.


  • Manage a team of two subordinates within USD Cash Clearing Front Office desk of GTPS Americas.

  • Define their objectives and provide continued guidance towards achieving GTB/BAN strategy

  • Represent USD Cash Clearing Desk in various committees and working groups as necessary

  • Support Management in the accomplishment of GTB/NY initiatives, projects, and agenda

  • Successfully enhance payment processes and client experience by acting as key contributor in any initiative resulting of a product/service issues and/or client needs escalation to the relevant internal parties (Compliance, KYC, IT, Operations)

  • Represents GTPS/BAN NY in any call, forum as needed


  • Maximize USD Clearing activity revenue through the strategic management of client portfolios and through the mitigation of risk and product assessment

  • Increase business line NBI through review and re-organization of certain client relationships upon conducting in depth relationship analysis and adjustment of terms and conditions

  • Address client inquiries and investigations escalations to ensure timely resolution

  • Garner strong client relationships by providing excellent customer care experience

  • Act as primary contact point for US partner banks and review any change or concern for each relationship with the network management


  • Ensure compliance to KYC, Sanctions and AML requirements as per regulatory requirements and maintain due diligence according to the periodic review schedule and client risk rating category

  • Collaborate with the Compliance department by providing assistance in areas of client activity reviews, updating client files, client resolution and monthly metric analysis

  • Main stakeholder in the Correspondent Banking Committee: provide agenda item for the business and present the latter

  • Review intraday liquidity needs in coordination with Liquidity Risk Officer

  • Ensure timely renewal of overdraft lines

  • Review and approve monthly billing and overdraft statements

  • Perform Permanent Supervision controls and Written Supervisory Procedures (WSPs)

  • Contribute in the completion of deliverables resulting from internal and external inspection exercises and ensure that business is conducted in respect to US rules and regulations as well as internal group policy

  • Work closely with external regulators/auditors during examination

Profile required


  • Ability to prioritize and work in a dynamic, deadline-focused environment.
  • Ability to work independently with minimal supervision and able to meet deadlines
  • Proactive, detail-oriented, driven to work in a fast learning environment and deadline
  • Strong interpersonal, communication (written and verbal) and partnering skills.
  • Good Team player and Team Leader.
  • Problem-solving and organizational skills
  • Handle various ad-hoc requests.
  • Fluency in French strongly recommended


  • Computer literate (intermediary knowledge of excel, word and power point)
  • Analytical and Data Analysis Skills

Why join us

Part of the Global Transaction Banking (GTPS) division, the Head of USD Cash Clearing (GTPS / BAN) monitors and manages USD correspondent banking services given to SOCIETE GENERALE BANK Branches and Subsidiaries.

In the Desk, current responsibility covers 2 Junior relationship managers.

Business insight


At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes. Societe Generale is committed to strengthening bonds with colleagues, communities, and the world in which we live, because relationships are at the heart of how we operate.


Our D&I Mission: Recruit, develop, advance, and retain a diverse workforce that is united in our efforts to enhance our competitive position and deliver innovative solutions to our clients. Our D&I Vision: An engaged workforce that is demographically diverse in a way that reflects the communities in which we operate. An inclusive culture and workplace that recognizes employees' unique needs and utilizes their diverse talents. To engage our community and marketplace and position the organization to meet the needs of all its clients. For more information about our D&I initiatives, please visit this link: https://americas.societegenerale.com/en/societe-generale-about/diversity-and-inclusion/


Societe Generale offers a hybrid work arrangement that offers employees the flexibility to work remotely, as well as on-site, to promote interaction and collaboration with colleagues while adhering to all SG standard protocols.  Hybrid work arrangements vary based on business area.  The applicable Business lines will determine and communicate the work arrangements that best meet their business needs.

We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Reference: 22000T2V
Entity: SG CIB
Starting date: 2022/12/19
Publication date: 2022/11/04