Wire Transfer/ACH Coordinator

Cass Information Systems•Saint Louis, MO

About The Position

The Wire Transfer and ACH Coordinator is responsible for processing incoming and outgoing wire transfers, adhering to all banking regulations and internal controls pertaining to wire processing. This position will monitor the Bank's reserve position to ensure no daylight overdrafts occur and process the banks return items in accordance with state and federal guidelines.

Requirements

Proficient with Microsoft Office Products, with intermediate experience in Excel and Word.
Ability to communicate professionally with all levels, both orally and in writing.
Demonstrated customer relation skills to both internal and external customers.
Ability to work well under pressure and meet established deadlines.
Works independently without close supervision.
Extremely detail oriented and high level of analytical ability.
Able to work overtime as required.
Complete and thorough understanding of the ACH and funds functions.
Ability to properly determine funds movement under some time constraints.
High school diploma or equivalent required.
1-3 years of banking experience in operations or accounting.
1 year of ACH and wire transfer experience with willingness to obtain and maintain AAP accreditation.

Responsibilities

Initiates domestic and international outbound wire transfers and receives inbound wire transfers in excess of $200,000,000 daily; coordinates with the wire team to ensure all wires are sent and processed in a timely manner.
Certifies proper client verification is completed on all outgoing wires per bank policy.
Works with the Relationship Manager to resolve any wire problems that are related to authorization, NSF, etc.
Monitors account balance at the Federal Reserve Bank to ensure a positive account balance is available and notify the Investment Officer when additional funds are needed.
Stay up to date with all established Federal Regulations for Wire Transfers (OFAC, BSA/AML, Dodd-Frank, etc.).
Reviews wires that are in the OFAC que and sends them to the Compliance Officer for additional review, when applicable.
Provides extensive communication (including telephone contact) with customers to assist them with Wire, ACH and Business Online Banking questions.
Balances wire transfer, automated clearing house, and departmental transactions daily, utilizing reports from all Cass companies and the Federal Reserve Bank.
Enters stop payment information, keys inter-account transfers (contacting account officers for approval of any non-standard activity), keeps special instruction files for customer exceptions, and additional related activities as required.
Distributes electronic bulletins from Fedline to proper departments on a timely basis.
Orders foreign currency and foreign drafts upon request through our Correspondent Bank.
Sets customer up on Fed to receive ACH information electronically.
Research wire transfers and automated clearinghouse transactions, as required by internal and external customers.
Inputs and maintains various banking platforms including Business Online Banking, eStatements, and the Customer Verification Database.
Provides backup for the bank’s Internet Banking System database and information reporting function as well as other areas of the department as needed.
Performs other duties as required or assigned.