Deposit Operations Specialist

Banc of California • Brea, CA

1d

About The Position

As a Deposit Operations Specialist, you will provide support across multiple Deposit Operations functions. This role performs a variety of operational support functions, such as reviewing reports, preparing correspondence and participating in special projects designated for the department. You will help to ensure internal controls, policies, procedures and mechanisms comply with standard industry practices, regulatory guidelines, and management’s recommendations and/or directions. Performs all duties in accordance with the Company’s policies and procedures, all U.S. state and federal laws and regulations, wherein the Company operates.

Requirements

• 3+ 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

Responsibilities

• Clerical tasks such as responding to emails, phone calls, workflow requests through electronic ticketing system and maintaining department SLA for each function.
• Must stay current on all BAI compliance certifications and regulations pertaining to functions serviced in your area, i.e. Reg CC, Reg E.
• Provide support on tasks to ensure all deadlines are met.
• Assist other areas as needed due to increased volumes, special projects, etc.
• Assist with updating and creating job aids and procedures.
• Monitor and process transactions related to retirement accounts
• Open and maintain brokered CD accounts
• Process wires related to disposition of Deposit Account Control Agreements (DACA)
• Perform monitoring and transactions related to escrow retention accounts
• Perform callback procedures and daily review of various reports
• Assist management with Escheatment processing
• Treat people with respect; keep commitments; inspire the trust of others; work ethically and with integrity; uphold organizational values; accept responsibility for own actions.
• Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; promotes working environment free of harassment of any type.
• Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values.
• Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions.
• The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct.
• Performs other duties and projects as assigned

Benefits

• Financial Security: You will be eligible to participate in the company’s 401k plan which includes a company match and immediate vesting.
• Health & Well-Being: We offer comprehensive insurance options including medical, dental, vision, AD&D, supplemental life, long- term disability, pre-tax Health Savings Account with employer contributions, and pre-tax Flexible Spending Account (FSA).
• Building & Supporting Your Family: Banc of California partners with providers that offer adoption, surrogacy, and fertility assistance as well as paid parental leave and family support solutions including care options for your family.
• Paid Time Away: Eligible team members receive paid vacation days, holidays, and volunteer time off.
• Career Growth Opportunities: To support career growth of our team members, we offer tuition reimbursement, an annual mentorship program, leadership development resources, access to LinkedIn Learning, and more.

What This Job Offers

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