Wire Transfer Specialist

Merchants Bank Winona has an opening for a Wire Transfer Specialist II. The hours for this position will generally be Monday through Friday between 8am position is responsible for advanced wire transfer operations and funds management. Will maintain required balances with correspondent banks and the Federal Reserve Bank as well as the purchase and sale of Fed Funds. The individual in this role will process ACH files and service daily wire transfer needs of role requires thorough knowledge of ACH Fedline requirements general ledger accounting and expertise in wire transfersincoming and outgoing domestic and international wires. 5 years experience in wire transfer or treasury management desired. Associates degree in business or related field preferred. Must have excellent communication Bank offers competitive wages and benefits for our full-time employees including health dental life disability and vision insurance; flexible spending accounts 401(k) and ESOP retirement plans; bonus plan; paid time off; tuition reimbursement; and a variety of voluntary supplemental insurance on Apply Now or apply in personat Merchants Bank Winona (102 E 3rdStreet). Questions can be emailed to Bank is an Equal Opportunity Employer of women minorities protected veterans and individuals with Summary: Essential Duties:Wire TransferProcess incoming and outgoing wire transfers on both a domestic and international basis Merchants Financial Group Inc. affiliate bank personnel as well as downstream correspondent social security for deceased customers and track Social Security payments after reclamation notice is wire transfers and cash letter remittances to the Federal OFAC on incoming ACH files (foreign ACH transactions)Confirm origination files in FedFunds ManagementInteract with upstream correspondent banks and maintain required general ledger or reposition securities via balances at the Federal Reserve Bank to avoid daylight overdrafts and ensure proper funds necessary funds transfers to facilitate daily liquidity position for the banks of funds with large correspondent banks at the end of each day. Printing statements and processing service charges for each correspondent ServiceProvide superior customer service while managing risk engaging with internal and external customers including bank staff bank customers and Correspondent Banks as well as Vendors (Fedline wire processing provider etc.).TrainingResponsible for training Wire Transfer Specialist I as well as assigned back-up personnel to the and Procedure Management-Maintaining Operational ConsistencyCreate revise and document departmental procedures and best practices. Maintain accurate digital recordsAdditional Expectations:Printing Internal account statements and balance in cross functional teams representing deposit work with manager on specialist projects and system implementation projects including testing and error a neat and orderly work area and adhere to customer privacy and dependable attendance is an essential function of the exceptional customer experience when assisting internal and external may be asked to perform other duties as required by business will be expected to complete compliance and product knowledge assignments in a timely and Abilities Required:5-7 years of Wire Transfer or Treasury Management degree in business or related field knowledge of Wire Processing and ACH activities as well as associated compliance and risk policies and of banking systems products and interpersonal skills to work on various duties with in customer relations such as the ability to respond with sensitivity and sense of urgency to customer needs or planning ability attention to details and the ability to work in a self-directed Conditions:Inside working environment comfortable working temperature. Minimal in-person customer contact: however will have extensive telephone and email contact with internal and external customers. No environmental hazards. Physical Demands:Work will be performed predominately sitting at a desk very low degree of lifting. Lifting will generally not require over 35 pounds in weight. Position will require average finger dexterity to operate normal office equipment such as computer calculator etc. Requires ability to articulate :Will have extensive contact with Finance Treasury Management and Branch staff. Will have telephone contact with Federal Reserve Correspondent Banks and customers to assist with a variety of matters and must interact in a professional manner. The employee will be expected to contribute to a positive working environment and have excellent communication skills. Responsible to the Specialized Services Manager in Deposit Operations for the fulfillment of functions responsibilities and authority and for their proper interpretation.