Operations Specialist (Wire Investigations)

UMB Bank•Kansas City, MO

1d•Hybrid

About The Position

The Wire Investigations team handles requests for wires that have already been processed. This can include, but not limited, to amendments (updating a wire), traces (locating the wire), and recalls (the wire needs to be returned). This involves research within wire platforms and communicating with clients and banks all over the world. Wire Investigations is an essential part of operations as it assists UMB’s clients ensuring their wire payments get to where they need to be. As Operations Specialists, you will support and manage the day-to-day transactions of UMB’s wires for domestic and international clients. As the primary task of assisting clients with their wire needs, you will be a vital part to the continued success of UMB’s wires team and electronic payments department. This is a subset of the overall responsibilities which will include multiple initiatives as assigned by Bank Operations leadership. We have 2 openings and both roles are hybrid (Mon through Thu on-site / Fri remote; 9:30 – 6 PM) at the UMB Technology & Operations Center located in downtown Kansas City, MO.

Requirements

Associate degree or equivalent experience.
At least 5 years of experience with banking or financial processing or equivalent experience.
Attention to detail, organization, and time management skills, including the ability to perform job functions with numerous interruptions.
Ability to utilize technical aptitude that allows for quick learning of company systems, platforms, and products.
Knowledge of risk types and ability to mitigate independently or escalate appropriately.
Strong customer services skills.
Ability to work autonomously, escalating issues or problems as appropriate.
Ability to recognize errors, issues, special requests, or inconsistencies in daily operations to solve or escalate to appropriate associate or manager.
Applicants must have legal authority to work in the United States.
Work Visa sponsorship is not available for this position.

Responsibilities

Communicate timely and effectively with all clients (including high profile clients) and/or internal and external business partners.
Review and analyze the ISO text of a wire.
Investigate and solve problems that arise during a wire’s lifecycle.
Investigate outstanding items within UMB’s foreign accounts.
Process exception or escalated tasks for time critical or high-profile issues to ensure satisfactory resolution.
Investigate exceptions and/or errors to identify cause and corrective action.
Understand and remain current on related industry activity, changes, regulations, announcements.
Perform system balances and investigate differences.
Settle the bank’s daily obligations with the National Securities Clearing Corporation (NSCC), Depository Trust Company (DTCC), domestic bank accounts and central bank (Federal Reserve Bank).
Build and support applications that provide specialized reporting of Electronic Funds transactions.
Processes transactions involving the movement of money between bank owned accounts or from UMB accounts to accounts at other banks, ensuring that they process accurately and on a timely basis.
Ensures documentation is adequate to support activity.
Adheres to all procedures, regulations, and policies.
Support all processing within the Wire Operations teams.
Identifies and resolves General Ledger differences and account discrepancies with our reconciliation partners
Operate with little supervision based on thorough knowledge and application of procedures of the assigned position.

Benefits

Paid Time Off
a 401(k) matching program
annual incentive pay
paid holidays
a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage
health savings, flexible spending, and dependent care accounts
adoption assistance
an employee assistance program
fitness reimbursement
tuition reimbursement
an associate wellbeing program
an associate emergency fund
various associate banking benefits