Deposit Operations Specialist

WESTERN STATE BANK • Chandler, AZ

19h

About The Position

The Deposit Operations Specialist plays a critical role in ensuring the accuracy, compliance, and efficiency of deposit-related activities within a financial institution. This position is responsible for managing daily deposit transactions, maintaining account records, and ensuring adherence to regulatory requirements such as the Bank Secrecy Act. The specialist will collaborate closely with various banking departments to facilitate smooth operations and resolve any discrepancies or issues related to deposits. By maintaining meticulous attention to detail and applying strong knowledge of banking systems, the role supports the institution’s commitment to secure and reliable financial services. Ultimately, the Deposit Operations Specialist contributes to the overall integrity and customer satisfaction of the bank’s deposit operations.

Requirements

• High school diploma or equivalent; Associate’s or Bachelor’s degree in finance, business, or related field preferred.
• Minimum of 2 years experience working in deposit operations or a related banking function within a financial institution.
• Strong understanding of the Bank Secrecy Act and related regulatory compliance requirements.
• Proficiency with banking systems and software used for deposit processing and account maintenance.
• Demonstrated ability to multitask effectively in a fast-paced banking environment.
• Knowledge of financial institutions, banking systems, and the Bank Secrecy Act.
• Multitasking abilities.
• Familiarity with currency transaction reports and wire transfers.
• Account maintenance skills.

Nice To Haves

• Experience as a bank teller or in frontline banking operations.
• Familiarity with wire transfer processing and related compliance procedures.
• Certification in banking operations or compliance (e.g., Certified Regulatory Compliance Manager).
• Advanced knowledge of financial institution policies and procedures.
• Strong analytical and problem-solving skills with experience in audit support.

Responsibilities

• Process and verify daily deposit transactions, including cash, checks, and wire transfers, ensuring accuracy and compliance with internal policies and regulatory standards.
• Maintain and update customer account information, performing account maintenance tasks such as adjustments, corrections, and documentation management.
• Prepare and review Currency Transaction Reports (CTRs) and other regulatory filings in accordance with the Bank Secrecy Act requirements.
• Collaborate with bank tellers and other operational staff to resolve discrepancies, investigate unusual transactions, and support audit activities.
• Utilize banking systems to monitor transaction flows, generate reports, and support continuous improvement initiatives within deposit operations.

What This Job Offers

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