Job Description
Job Description
Objectives of this Role:
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Perform daily bank operations tasks according to the Daily Operations Checklist as defined below under responsibilities
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Provide both internal and external client service at the highest standards
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Work in collaboration with the VP of Operations and CFO/COO on the movement of funds as needed to cover liquidity needs of Fedline and UBB correspondent accounts.
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Train and provide support to other operational staff
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Crosstrain in other related departments as needed
Responsibilities – Daily, Monthly, Quarterly, or Annually
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Process wires, ACH transactions, returned checks, internal transfers, reconciliations, sweep accounts, dormant account exceptions, negotiable instrument reconciliations, etc.
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Fed Funds/Cash settlement, including cash letter adjustments
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Create core processor tickets for resolution of operational processing incidents
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Maintain and process transactions at correspondent bank, including reconciliation and research of discrepancies
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Monthly FHLB statement reconciliation
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Process bond portfolio entries
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Process exception items, including chargebacks, overdrafts, non-posts, returns, stop payments, etc.
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Monitor and remittance of IOLTA accounts
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Review, understand, and distribute daily reports and notices
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Perform OFAC checks when required
Education, Skills and Qualifications
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Minimum of a high school degree. Associate or bachelor’s degree preferred, but not required. The equivalent of education & experience in banking and other financial services may be acceptable.
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Knowledge of general banking principles, bank operations, compliance, general ledger accounts, and online banking
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FiServ Premier core processing experience preferred
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Teller experience desired, specifically Integrated Teller
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Knowledge of UMACHA and NACHA rules and regulations
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Knowledge of required regulations involving bank operations, including Reg E, Reg CC, BSA/AML, Reg D, etc.
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Ability to research, problem solve, resolve, and reconcile out-of-balance accounts
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Aptitude for learning and the ability to maintain continued education requirements.
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Accredited ACH Specialist designation preferred, but not required. The ability and willingness to become certified in the future is desired.
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Ability to work in collaboration with all operational staff as well as other departments
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Strict adherence to compliance and all internal procedures for transactions
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Helpful, courteous attitude
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High attention to detail required
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