Deposit Account Services Team Lead

East West Bank•El Monte, CA

22h•Onsite

About The Position

The Deposit Account Services Team Lead is responsible for overseeing East West Bank’s escheatment process, including monitoring eligible property, coordinating due diligence notifications, and ensuring timely and accurate state filings. The role also supports IRA account monitoring, tax reporting (Forms 5498, 1099 INT, and 1099 R), and provides guidance to branch and operations teams. This position is critical to maintaining regulatory compliance and operational accuracy across deposit related functions.

Requirements

Strong analytical skills and attention to detail
Ability to interpret and apply state escheatment regulations
Strong communication and customer support skills
Proficiency with Microsoft Office and ability to learn bank systems quickly
Applicants must have legal authorization to work in the United States. We do not offer visa sponsorship at this time.

Nice To Haves

Bachelor’s degree
Experience with escheatment
Experience with IRA rules and tax reporting (5498, 1099 series)

Responsibilities

Identify and monitor negotiable items (cashier checks, money order, disbursement and vendor checks, etc.) that are eligible for escheatment
Identify and monitor IRA (traditional and ROTH) that are eligible for escheatment
Identify and monitor expired gift cards for potential escheatment
Prepare and mail due diligence letters within required state timelines
Create NAUPA reports for each state with escheatable property and file and remit by the deadlines
Review NOW accounts and ensure they meet Reg D requirements
Handle requests for corrections related to 5498, 1099-int and 1099-R
Maintain compliance with escheatment and tax reporting regulations across all applicable states
Assist branches and internal teams with questions related to the above
Support cross training and other duties as assigned
Perform other duties as assigned.