Hi all, graduated last May from a non target school in nyc and got a job as a trade support covering the fixed income desk at a $200B+ investment manager. Firm is relatively small, about 80 people total from Front to Back Office, not counting non finance people. Was given the opportunity to move into the Cash Forecasting team after a former member transferred.
From what I've seen, the cash team works with the traders to let them know how much money is available in the different portfolios we manage. Also the position direct traders to sell if we don't have enough cash on hand and buy if we have too much cash. Position is called Cash Forecasting on our side, is there a standard or comparable title on the street for this? Thanks.
This isn't normally a job that people recruit for from what I've seen. However, in my experience (at a very well known long-only AM/Mutual Fund), this team was called the 'Portfolio Services Group'. They sat on the trading floor with everyone.
Sounds similar to a role my buddy had a large MF, his title was "Cash Management Associate"
Thanks for the insight Khan/Bobb. can anyone else comment?
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