Deposit Operations - Deposit Operations Manager

Metro Credit Union•Chelsea, MA

4d•$72,000 - $98,000•Hybrid

About The Position

We are seeking a talented Deposit Operations Manager to join our Operations team. This role represents an exciting opportunity to lead Metro's end-to-end deposit operations, ensuring safe, scalable, and member-centered execution across all deposit processing channels. As a Deposit Operations Manager, you will play a pivotal role in modernizing processes and controls, leveraging automation and AI to support daily functions, strengthening vendor and platform performance, and driving measurable improvements in service levels, quality, and risk outcomes. This position reports to the VP Operations and is based in Massachusetts with hybrid work arrangements (3 days in office, Tuesday and Wednesday required). This is a player-coach leadership role that balances the needs of today's core operations with continuous improvement and innovation, offering significant impact potential for mid-career professionals seeking to advance operational excellence in a forward-thinking financial institution.

Requirements

Bachelor's degree or equivalent combination of education and work experience strongly preferred
Minimum 7 years of experience in Banking Deposit Operations Management required
Strong working knowledge of deposit and payments operations and related rules and regulations, including NACHA/ACH rules, Reg E error resolution, Reg CC funds availability, check returns and adjustments, and operational risk controls
Demonstrated leadership in a high-volume operations environment, including coaching, performance management, capacity planning, and building a strong service culture
Strong analytical and problem-solving capability with ability to diagnose root causes, quantify impact, and drive corrective actions that reduce repeat issues
Operational controls mindset with experience supporting audits and exams; able to maintain clear procedures, evidence, and control testing support for first-line responsibilities
Change leadership and systems fluency with ability to partner on platform enhancements (core, digital, payments), lead UAT and rollout readiness, and stabilize operations post-go-live
Excellent communication and stakeholder management skills (written, verbal, and facilitation), with ability to translate complex operational topics for branches, product and channel partners, risk and compliance teams, and senior leaders
Continuous improvement orientation with ability to map processes, set SLAs and KPIs, automate where appropriate, and embed AI-assisted tools to create efficiencies and add value to work.

Responsibilities

Lead, coach, and develop the deposit operations team (including IRA Specialist, Electronic Payments Specialist, and Consumer Deposits Specialist); set clear expectations, decision rights, and coverage plans; build a culture of accountability, learning, and service excellence
Own complex escalations and issue management for deposit and payments operations, including member and branch escalations, exceptions, errors, and vendor incidents; conduct root-cause analysis and trending, develop corrective action plans, and prevent repeat issues
Manage internal work queues and request SLAs, ensuring timely completion of tasks and adherence to internal service expectations for all deposit operations support functions; own service levels and quality controls; coordinate with frontline and partner teams to remediate issues and improve first-contact resolution
Ensure accurate, timely execution of deposit servicing and payment operations, including ACH/NACHA processing and exceptions, wire transfers, check processing and returns, stop payments, account maintenance, and statements/notices across supported servicing channels
Provide operational support for consumer accounts, business accounts, IRAs, and community partner relationships, including account maintenance, servicing coordination, and timely resolution of exceptions
Serve as an operations owner and subject matter expert for platform and product changes impacting deposits and payments (core, item processing, ACH, FedLine, etc.), including requirements, testing, and validation
Own and support AI-assisted deposit operations workflows, translating AI-generated insights into operational strategy to drive efficiency and innovation
Own strong first-line controls and regulatory readiness, partnering with Risk and Compliance teams as needed to maintain audit- and exam-ready evidence
Partner with Financial Crimes and Fraud teams to strengthen detection and response across deposit and payments activity, including trend monitoring, referral and case support, control enhancements, and operational readiness for emerging fraud trends
Oversee third-party provider performance and operational improvement, including incident management, release coordination, and control validation
Drive automation, AI-assisted enablement, and standardization to reduce cycle time, errors, and manual touchpoints; support operational resilience through cross-training and contingency workflows.

Benefits

Health, Dental, and Vision coverage for employees working a minimum of 20 hours per week; Metro provides assistance toward premiums and copays and offers 100% coverage on prescription copays.
All staff eligible for an annual bonus and an annual (vesting) retention bonus.
Three weeks of paid vacation per year and 11 paid holidays.
401(k) with matching plan and Safe Harbor Plan; Metro contributes 3% regardless of employee contribution.
Wellness incentives, Employee Assistance Program, Flexible Spending Account, Prescription Drug Program, and a range of voluntary benefits (LTD, STD, AD&D).
Access to no-interest loans and $150 per quarter reimbursement for wellness and lifestyle expenses.
Discounts on pet insurance.
Strong growth opportunities with individualized development plans.
Position-related or job-related tuition assistance (one-year eligibility).
Superb in-house training programs.
A growing, dynamic environment with a strong culture and exceptional team members.