Deposit Operations Specialist

Banc of California • Brea, CA

3h • $44,500 - $67,000

About The Position

The Deposit Operations Specialist provides support across multiple Deposit Operations functions. The role performs operational support activities such as reviewing reports, preparing correspondence, and participating in department projects. It helps ensure that internal controls, policies, procedures, and mechanisms align with standard industry practices, regulatory guidelines, and management direction. All duties must be performed in accordance with company policies and applicable U.S. state and federal laws and regulations.

Requirements

• Three or more years of experience in bank operations, preferably with exposure to multiple deposit functions.
• Strong understanding of banking systems, transaction processing, and compliance protocols.
• High school diploma or equivalent required.

Nice To Haves

• Exposure to multiple deposit functions.

Responsibilities

• Respond to emails, phone calls, and workflow requests through an electronic ticketing system while meeting each function’s service-level agreements.
• Stay current on BAI compliance certifications and regulations relevant to the assigned area, including Regulation CC and Regulation E.
• Support tasks and work to ensure deadlines are met.
• Assist other areas during increased volumes, special projects, and other operational needs.
• Assist with creating and updating job aids and procedures.
• Monitor, maintain, and process transactions related to retirement accounts and brokered certificates of deposit.
• Administer and oversee account activities governed by control agreements, including reviewing agreements, validating account instructions, monitoring account activity, processing maintenance requests, and disposing of funds.
• Monitor and process escrow retention account transactions in compliance with applicable agreements and requirements.
• Perform data validation, account monitoring, callback verification, and daily operational report reviews to ensure accuracy and mitigate risk.
• Assist with unclaimed property and escheatment processes, including account review, research, reporting, and regulatory compliance activities.
• Follow established policies and procedures.
• Perform other duties and projects as assigned.

Benefits

• 401(k) plan with company match and immediate vesting.
• Medical, dental, vision, AD&D, supplemental life, and long-term disability insurance.
• Pre-tax Health Savings Account with employer contributions.
• Pre-tax Flexible Spending Account.
• Adoption, surrogacy, and fertility assistance.
• Paid parental leave and family support solutions, including care options for family members.
• Paid vacation days, holidays, and volunteer time off for eligible team members.
• Tuition reimbursement.
• Annual mentorship program.
• Leadership development resources.
• Access to LinkedIn Learning.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED