Retail Backoffice Operations - Wire Specialist
About The Position
The Bookkeeping / Wires Operations position involves meticulously reviewing and processing incoming and outgoing wire transfers to ensure accuracy and compliance with regulatory standards. Responsibilities also include verifying the authenticity of transfer requests, maintaining precise financial records, resolving discrepancies, and ensuring adherence to banking laws such as AML and KYC requirements. The role requires proactive monitoring of regulatory updates, assisting customers with inquiries, and implementing process improvements to optimize wire transfer operations and financial reporting.
Requirements
- High School Diploma or equivalent.
- Strong attention to detail and excellent organizational skills to maintain accurate financial records.
- Knowledge of wire transfer regulations and compliance requirements, including AML and KYC.
- Proficiency in using banking software and systems for wire transfer processing and bookkeeping.
- Effective communication skills to interact with customers and internal teams.
- Ability to adapt to changing regulations and procedures in the financial industry.
Nice To Haves
- Previous experience in bookkeeping, accounting, or wire transfer processing within the banking or financial industry is advantageous.
- Associate or Bachelor’s degree in accounting, finance, or a related field is preferred.
Responsibilities
- Review and process incoming and outgoing wire transfers, ensuring accuracy and adherence to established procedures and regulatory requirements.
- Verify the authenticity of wire transfer requests and the availability of funds.
- Maintain accurate and up-to-date financial records, including general ledger entries, reconciliations, and account balancing.
- Monitor and resolve discrepancies in financial records, such as accounting errors or discrepancies in transaction documentation.
- Ensure compliance with all relevant banking laws and regulations, including anti-money laundering (AML) and Know Your Customer (KYC) requirements.
- Stay informed about changes in banking regulations and update procedures accordingly.
- Assist customers and other departments in resolving wire transfer inquiries and discrepancies.
- Provide prompt and professional responses to customer inquiries related to their transactions.
- Maintain organized and complete records of wire transfers and financial transactions for audit and compliance purposes.
- Generate and distribute reports related to wire transfer activities and account reconciliations.
- Prepare reports for management on bookkeeping and wires operation activities.
- Identify opportunities for process improvements and implement changes to enhance the efficiency of wire transfer processing and bookkeeping tasks.
- Perform other duties and special projects as assigned.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
