Senior Specialist, ACH Risk

Valley Bank • New York, NY

5d

About The Position

This role involves reviewing ACH transactions and reports to detect and prevent fraudulent, suspicious, or erroneous activity. The Senior Specialist will conduct ACH risk assessments and audits to evaluate compliance with ACH rules, regulations, and internal policies. They will apply risk management and mitigation strategies to minimize losses, conduct investigations and recovery, and provide advisory and training to staff and clients. The position also requires investigating and resolving ACH disputes, claims, and exceptions, and coordinating with relevant agencies. Staying updated on industry trends and best practices is also a key aspect of this role.

Requirements

• Strong knowledge of the ACH rules and regulations, as well as the applicable laws and regulations related to ACH transactions.
• Proficient in ACH systems, tools, and software, within EPN, Federal Reserve Bank or core system.
• Excellent analytical, problem-solving, and decision-making skills, with attention to detail and accuracy.
• Effective communication, presentation, and interpersonal skills, with the ability to work independently and collaboratively.
• High School Diploma or GED.
• Minimum of five years of experience of banking or financial operations.

Nice To Haves

• Bachelor's degree in finance, accounting, business, or related field.
• Minimum of five years of experience in ACH risk management, operations, or compliance.
• Knowledge of NACHA Rules and Guidelines, Regulation E.
• AAP Certification.

Responsibilities

• Review ACH transactions and reports to detect and prevent fraudulent, suspicious, or erroneous activity.
• Conduct ACH risk assessments and audits to evaluate the bank's compliance with the ACH rules and regulations, as well as internal policies and procedures.
• Apply ACH risk management and mitigation strategies, policies, and procedures to minimize the bank's exposure to ACH losses and conduct ACH investigations and recovery.
• Provide ACH risk advisory and training to the bank's staff and clients and maintain effective communication with internal and external stakeholders.
• Investigate and resolve ACH disputes, claims, and exceptions, and coordinate with the ACH network, other financial institutions, and law enforcement agencies as needed.
• Keep abreast of the latest trends, developments, and best practices in the ACH industry, and participate in relevant forums and committees.

What This Job Offers

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