Electronic Funds Transfer Analyst

San Francisco, CA - USA

Monthly Salary: Not Disclosed

Posted on: 30+ days ago

Vacancies: 1 Vacancy

Job Summary

Job Title: Electronic Funds Transfer Analyst
Job Location: San Francisco CA 94104
Job Duration: 6 Months Possibility of extension
Job Schedule: Work a hybrid schedule with in-office presence required Tuesday through Thursday

Job Summary:

For this position the candidate needs to demonstrates operations subject matter expertise (SME) with regards to responsibilities that include the execution and/or management for timely and accurate processing of transactions in the Operations Department.
The role may focus on resolution of complex problems/transactions where analytical skills are required to resolve.
Maintain controls to protect the Bank from risk and mitigate potential losses.
Ability to self-Identify develop and implement process improvements and/or take responsibility for Operations related project initiatives.
Provide exceptional customer service to members and business partners.

Key Responsibilities:

Cash Management monitors analyze and reconciles the Banks cash flow throughout the day to determine action needed to ensure the Banks account is at a proper intraday and end of day balance position
Calculates the Banks FRB position and communicates applicable information timely with business partner
Monitor members transaction activities to ensure members have sufficient funds for wire drawdown requests
Accurately and timely process wire transfers and ACH transactions
Ensures the Bank is compliant with OFAC regulations in processing wire transfers and ACH transactions
Keep departments management abreast of issues. Reporting to include viable option to prevent reoccurrences
Identify and manage exceptions to resolution. Analyze data/processes to identify exception root causes present and implement solutions as appropriate to mitigate risk
Document and update procedures in consideration of best practices and mitigation of risk
Reconcile daily/monthly/quarterly transactions reporting and certifications - research and resolve discrepancies
Collect and analyze data to compile into matrixes for further management reporting
Prepares and performs system testing.
Responsible for User Acceptance Testing (UAT) prior to installation of system updates/upgrades in production
Assist in the development and maintenance of the departments Business Resumption Plans.
Participates in annual testing
Respond to members inquiries to ensure questions are answered appropriately and timely while providing a high level of customer service
Process interfaced and manual Settlement Transaction Account (STA) transactions accurately timely and reconciles transactions to its general ledger
Maintain members accounts open merge and close accounts. Coordinate with Internal Business Partners as needed
Respond to Members and Internal Business Partners requests and questions pertaining to STA transactions as needed
Complete Credit Audit Confirmation requests from members external auditors timely and accurately
Process member signature cards - maintain authorized signors and respond to queries as needed
Demonstrate subject matter expertise in multiple Bank Operations roles and responsibilities
Monthly - Maintain update and certify EUCs
Monthly - Assist in creating presentation materials for management meetings. Prepare reports and other presentations used in management meetings
Prepare compliance and regulatory reports as needed for the department
Support department level initiatives i.e. system upgrades process improvements and compliance requirement projects. Work closely with business units to ensure business requirements are captured and thoroughly tested
Assist with the development and maintenance of disaster recovery plans
Provide a high level of customer service with Members and Internal Business Partners
Perform other duties as assigned

Skills/Knowledge:

Bachelors degree or equivalent 3 years working experience in the Financial Industry; Bank operations experience in Electronic Funds Transfer
Working knowledge of wire transfer processing and data processing
Demonstrate the ability to think creatively and analytically to solve complex problems
Ability to work independently and within a team manage multiple priorities while meeting deadlines
Ability to sustain a high degree of accuracy while understanding risk implications and maintaining necessary controls
Strong administrative and organizational skills to facilitate workflows while maintaining a high degree of accuracy and control
Extensive experience with data processing concepts
Must have excellent verbal and written communication skills and be customer service oriented
Detailed-oriented with the ability to independently prioritize and manage competing priorities identify and resolve issues with limited supervision
Strong MS Office knowledge including intermediate to advance excel skills
Experience with data analysis a plus

Must have:

At least 3 years wire transfer experience
5 years Financial Institution experience
Excellent communication skills.

Job Title: Electronic Funds Transfer Analyst Job Location: San Francisco CA 94104 Job Duration: 6 Months Possibility of extension Job Schedule: Work a hybrid schedule with in-office presence required Tuesday through Thursday Job Summary: For this position the candidate needs to demonstrates ...

Job Summary:

For this position the candidate needs to demonstrates operations subject matter expertise (SME) with regards to responsibilities that include the execution and/or management for timely and accurate processing of transactions in the Operations Department.
The role may focus on resolution of complex problems/transactions where analytical skills are required to resolve.
Maintain controls to protect the Bank from risk and mitigate potential losses.
Ability to self-Identify develop and implement process improvements and/or take responsibility for Operations related project initiatives.
Provide exceptional customer service to members and business partners.

Key Responsibilities:

Cash Management monitors analyze and reconciles the Banks cash flow throughout the day to determine action needed to ensure the Banks account is at a proper intraday and end of day balance position
Calculates the Banks FRB position and communicates applicable information timely with business partner
Monitor members transaction activities to ensure members have sufficient funds for wire drawdown requests
Accurately and timely process wire transfers and ACH transactions
Ensures the Bank is compliant with OFAC regulations in processing wire transfers and ACH transactions
Keep departments management abreast of issues. Reporting to include viable option to prevent reoccurrences
Identify and manage exceptions to resolution. Analyze data/processes to identify exception root causes present and implement solutions as appropriate to mitigate risk
Document and update procedures in consideration of best practices and mitigation of risk
Reconcile daily/monthly/quarterly transactions reporting and certifications - research and resolve discrepancies
Collect and analyze data to compile into matrixes for further management reporting
Prepares and performs system testing.
Responsible for User Acceptance Testing (UAT) prior to installation of system updates/upgrades in production
Assist in the development and maintenance of the departments Business Resumption Plans.
Participates in annual testing
Respond to members inquiries to ensure questions are answered appropriately and timely while providing a high level of customer service
Process interfaced and manual Settlement Transaction Account (STA) transactions accurately timely and reconciles transactions to its general ledger
Maintain members accounts open merge and close accounts. Coordinate with Internal Business Partners as needed
Respond to Members and Internal Business Partners requests and questions pertaining to STA transactions as needed
Complete Credit Audit Confirmation requests from members external auditors timely and accurately
Process member signature cards - maintain authorized signors and respond to queries as needed
Demonstrate subject matter expertise in multiple Bank Operations roles and responsibilities
Monthly - Maintain update and certify EUCs
Monthly - Assist in creating presentation materials for management meetings. Prepare reports and other presentations used in management meetings
Prepare compliance and regulatory reports as needed for the department
Support department level initiatives i.e. system upgrades process improvements and compliance requirement projects. Work closely with business units to ensure business requirements are captured and thoroughly tested
Assist with the development and maintenance of disaster recovery plans
Provide a high level of customer service with Members and Internal Business Partners
Perform other duties as assigned

Skills/Knowledge:

Bachelors degree or equivalent 3 years working experience in the Financial Industry; Bank operations experience in Electronic Funds Transfer
Working knowledge of wire transfer processing and data processing
Demonstrate the ability to think creatively and analytically to solve complex problems
Ability to work independently and within a team manage multiple priorities while meeting deadlines
Ability to sustain a high degree of accuracy while understanding risk implications and maintaining necessary controls
Strong administrative and organizational skills to facilitate workflows while maintaining a high degree of accuracy and control
Extensive experience with data processing concepts
Must have excellent verbal and written communication skills and be customer service oriented
Detailed-oriented with the ability to independently prioritize and manage competing priorities identify and resolve issues with limited supervision
Strong MS Office knowledge including intermediate to advance excel skills
Experience with data analysis a plus