EFT Risk Specialist
About The Position
The EFT Risk Team monitors exposure limits/Overdrafts for ACH and Wire payments, and acts as gatekeeper for Internal Wire Authority requests. Managing the Risk of these tasks helps keep UMB from large losses. This team is essential in ensuring timeliness of processing as well as files and transactions are processed according to UMB’s Risk appetite. As the EFT Risk Specialist, you will focus your work on processing and reviewing Electronic Funds Transfers (EFTs) such as ACH and wires to limit risk for UMB and to ensure all accounts and funds are compliant. You are also responsible for reviewing daily domestic and international wires and ACHs. With the exposure to EFT accounts, this role is vital for risk management with Electronic Funds. This is a subset of the overall responsibilities which will include multiple initiatives assigned by Bank Operations leadership.
Requirements
- At least 1 year of experience in Bank Operations or Cash Management Operations.
- At least 1 year of experience with one or more payment systems for ACH and/or Wire Transfer, Securities Processing or Portfolio Operations.
- Applicants must have legal authority to work in the United States.
Nice To Haves
- ACH Accredited Professional (AAP) Certification
- Accredited Payments Risk Professional (APRP) Certification
Responsibilities
- Process and review Electronic Funds Transfers (EFTs) such as ACH and wires to limit risk for UMB and to ensure all accounts and funds are compliant.
- Review daily domestic and international wires and ACHs.
- Work closely with internal partners to seek approval for proper funding for the Commercial and Institutional accounts.
- Determine risk with ACH and wire transfers to protect our customers and the UMB organization.
- Partner with clients and internal partners for account approvals and fund transfers.
- Work out solutions within the team to help conduct risk review.
Benefits
- Paid Time Off
- 401(k) matching program
- annual incentive pay
- paid holidays
- comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage
- health savings, flexible spending, and dependent care accounts
- adoption assistance
- employee assistance program
- fitness reimbursement
- tuition reimbursement
- associate wellbeing program
- associate emergency fund
- various associate banking benefits
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
