Wire Transfer Associate II

Stifel•Creve Coeur, MO

About The Position

The Bank Associate II - Wire Team will specialize in wire transfers including outgoing, incoming, domestic and international transfers. Other responsibilities include, wire processing, reconcilements, research, trouble shooting, and vendor relations. In addition, the wire specialist will work closely with the Treasury, Commercial, Finance, Lending & Wealth Teams.

Requirements

Understand and comply with all regulations, including the Community Reinvestment Act, Bank Secrecy Act, Fair Credit Reporting Act, etc.
Strong attention to detail in order to maintain the highest level of accuracy.
Ability to maintain a level of discretion and confidentiality while dealing with sensitive customer information.
Knowledge of principles and processes for providing client and personal services.
Knowledge of administrative and clerical procedures and systems.
Ability to select and use training/instructional methods and procedures appropriate for the situation when learning or teaching new things.
Strong verbal and written communication skills with an ability to communicate effectively during inter-departmental and external interactions.
High school degree or equivalent experience.
2+ years' of related experience.
Proficient in Microsoft Excel, Word, PowerPoint, Outlook.

Responsibilities

Process all wire transfers accurately, and within department SLAs, adhering to policy and procedure, including international and domestic wires (incoming and outgoing).
Process foreign currency transfers through corresponding banks.
Understand the risk involved in wire transfers and applicable rules and regulations for both consumer and business wires.
Assist in gathering wire data for the annual wire audit and risk assessments.
Assist in projects to improve daily functions, including creating improved workflows, process improvements, and system testing.
Prove and reconcile multiple internal accounts daily, including a master daily balance proof.
Assist banking centers, other associates and customers with questions regarding wires.
Review wires for OFAC and send to compliance for approval.
Monitor transactions and activity for fraud.
Daily reconciliation of transfers including end of day balancing and funding of accounts.