Payments Specialist

GHS Federal Credit Union•City of Binghamton, NY

7d•Onsite

About The Position

The Payments Specialist is responsible for the accurate and timely processing of outgoing wire transfer and ACH processing, including origination and return items, and other related payment operations for GHS Federal Credit Union. This position ensures all transactions are processed in compliance with applicable regulatory requirements including OFAC screening and BSA obligations, and serves as a key operational resource within the Accounting Department.

Requirements

Minimum of two (2) to three (3) years of related work experience in payment operations, wire processing or ACH functions, preferably within a credit union or financial institution setting.
Strong knowledge of NACHA operating rules, OFAC screening requirements and BSA compliance obligations required.
Proficiency in core banking systems and Microsoft Office required.
Strong written and verbal communication skills.
Ability to work effectively in a team environment while managing independent responsibilities.
Must demonstrate sound judgment, discretion and a high degree of integrity when handling financial transactions and sensitive member information.

Nice To Haves

Associate's Degree in Business, Finance, Accounting or related field preferred.
An Accredited ACH Professional (AAP) certification preferred or required to obtain with 12 months.

Responsibilities

Process outgoing domestic and international wire transfers in accordance with established procedures, internal controls and regulatory guidelines. Verify wire requests for accuracy, authorization and completeness prior to release.
Manage ACH origination files, including preparation, submission, monitoring and reconciliation of outgoing ACH transactions. Review and process ACH exceptions, NOCs and return items in accordance with NACHA operating rules and credit union policy.
Perform OFAC screening on all applicable wire and ACH transactions. Escalate flagged items to the appropriate personnel in accordance with BSA/AML policy and procedures.
Maintain accurate records of all wire and ACH activity. Review daily bill payment activity. Reconcile payment-related general ledger accounts and suspense accounts on a timely basis.
Monitor daily settlement and ensure all outgoing payment activity is balanced and accounted for. Identify and resolve discrepancies in a timely manner.
Respond to internal inquiries from staff regarding wire and ACH transactions, providing clear and timely communication on status, exceptions and resolutions.
Maintain current knowledge of NACHA rules, Federal Reserve operating guidelines and relevant regulatory requirements. Ensure processing procedures remain current and compliant.
Support the development and documentation of payment processing procedures and internal controls.
Serve as a resource for the Accounting Team on payment-related operational matters and provide backup support for related functions as needed.
Other duties as assigned.