Deposit Operations Analyst II

MVB Bank • ,

120d • Remote

About The Position

This role can be based remotely, but candidates must reside in specific states (West Virginia, Virginia, Texas, Florida, Ohio, Pennsylvania, Maryland, Washington D.C., New York, New Jersey, Arizona, North Carolina, Georgia, or South Dakota).

Within guidelines and general supervision, performs multiple functions in the Bank Operations Wires and Instant Payments. Such functions related to back-office operations are but not limited to domestic and international wire transfers, wire EOD Proof with the Federal Reserve and internal accounting, exception review clearing OFAC/Fraud potential hits and wire investigations research and review, as well as support the RTP and FedNow payments rails. The specific duties assigned to this individual within the area of bank operations may change from time to time, based upon the specific requirements of the bank and most likely will include special projects as they arise.

The position Deposit Ops Analyst II (Wires Department) performs daily operational tasks that are considered modern and complex in nature. Demonstrate analytical capabilities while performing tasks, including assessing and proactively mitigating risk and potential losses to the Bank. Demonstrate a high level of commitment to service quality and teamwork.

Requirements

• Minimum 2 years of related experience in the financial services industry
• Intermediate experience knowledge and training in branch operation activities, terminology and products and services related to retail and commercial account customers.
• Knowledge of the various Fed types, sub types and field tags
• Knowledge of the SWIFT field tags
• Detail oriented; quickly spot out irregularities.
• Able to work in a fast-paced environment with minimal supervision.
• Strong time management skills and ability to prioritize tasks.
• Ability to understand and analyze large amounts of data.
• Proficiency in MS Office Suite and Outlook
• Effective oral, written, and interpersonal communication skills with the ability to apply common sense to carry out instructions, interpret documents, understand procedures, write reports and correspondence, and speak clearly to customers and teammates.
• Ability to deal with difficult problems involving multiple facets and variables in non-standardized situations.
• Ability to learn, comprehend and define new systems and processes.
• General knowledge of related state and federal banking compliance regulations, and Bank operation polices.

Nice To Haves

• Associate or bachelor’s degree preferred
• Knowledge of Jack Henry products preferred.
• Flexible nontraditional banking hours required.
• Proactively identifies and modifies procedures, to increase level of service and promotes operational efficiency in operations functions.
• Manage daily report distribution.

Responsibilities

• Implement knowledge of related state and federal banking compliance regulations, and Bank operation polices to process wires.
• Provides support to peer teammates, ensuring uninterrupted completion of daily operational tasks.
• Provides support to Accounting & Treasury Operations and all areas of MVB as requested.
• Performs the duties assigned independently and efficiently to support the overall goals of bank.
• Ensures client satisfaction through superior knowledge, courtesy, professional appearance, responsiveness, accuracy, and communication for customer-based transactions.
• Wire Processing
• Processing and researching wire investigations received via email, service events Fed Service Messages
• Processing Drawdowns
• Review Wire Transfer Master Wire & Disclosure and Drawdown Agreements
• Validate wire instructions and perform call backs when required
• Review and clear false positive OFAC hits
• Support EOD functions
• Proactively identifies and modifies procedures, to increase level of service and promotes operational efficiency in operations functions.
• Assures compliance with all Bank policies, procedures and processes, and all applicable state and federal banking laws, rules and regulations; adheres to Bank Secrecy ACT (BSA), Office of Foreign Assets Control (OFAC) responsibilities that are specific to the position.

Benefits

• Medical, Dental and Vision Insurance
• Health Savings Account (HSA), Health Reimbursement Account (HRA) & Flexible Spending Accounts (FSA)
• Short- and Long-Term Disability Plan
• Group Life Insurance
• 401K Salary Deferral Plan
• Wellness Program
• Education & Tuition Expense Reimbursement
• PTO and Unique Vacation Purchase Program
• Nationwide Pet Insurance Coverage

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree