Sr Specialist, ACH Risk

Valley National Bank • Clifton, NJ

1d

About The Position

The Sr Specialist, ACH Risk reviews ACH transactions and reports to identify and prevent fraudulent, suspicious, or erroneous activity. The role conducts ACH risk assessments and audits to evaluate compliance with ACH rules and regulations and internal policies and procedures. It applies risk management and mitigation strategies to minimize the bank’s exposure to ACH losses, and conducts investigations and recovery. The specialist also provides ACH risk advice and training to bank staff and clients, maintains communication with internal and external stakeholders, and investigates and resolves ACH disputes, claims, and exceptions. The role coordinates with the ACH network, other financial institutions, and law enforcement agencies as needed, stays current on ACH industry trends and best practices, and participates in relevant forums and committees.

Requirements

• High school diploma or GED.
• Minimum of five years of experience in banking or financial operations.
• Strong knowledge of ACH rules and regulations and applicable laws and regulations related to ACH transactions.
• Proficiency with ACH systems, tools, and software, including EPN, Federal Reserve Bank, or core systems.
• Excellent analytical, problem-solving, and decision-making skills, with attention to detail and accuracy.
• Effective communication, presentation, and interpersonal skills.
• Ability to work independently and collaboratively.

Nice To Haves

• Bachelor’s degree in finance, accounting, business, or a related field.
• Minimum of five years of experience in ACH risk management, operations, or compliance.
• Knowledge of NACHA Rules and Guidelines and 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 compliance with ACH rules and regulations and internal policies and procedures.
• Apply ACH risk management and mitigation strategies, policies, and procedures to minimize the bank’s exposure to ACH losses.
• Conduct ACH investigations and recovery.
• Provide ACH risk advisory and training to bank staff and clients.
• Maintain effective communication with internal and external stakeholders.
• Investigate and resolve ACH disputes, claims, and exceptions.
• Coordinate with the ACH network, other financial institutions, and law enforcement agencies as needed.
• Keep abreast of ACH industry trends, developments, and best practices, and participate in relevant forums and committees.

What This Job Offers

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