Wire Transfer Associate

Stifel•Saint Louis, MO

About The Position

The Wire Transfer Associate role is a high-demand position requiring a high level of self-motivation and independence. This role focuses on processing domestic and international wire transfers, ensuring accuracy and compliance with internal policies and external regulations. This role involves minimal customer service, account reconciliation, fraud monitoring, and close collaboration with various departments including Treasury, Commercial, Finance, Lending, and Wealth Management.

Requirements

Strong understanding of banking regulations (e.g., CRA, BSA, FCRA, etc.).
High attention to detail and accuracy.
Ability to handle sensitive information with discretion and confidentiality.
Excellent communication skills.
Self-motivated with the ability to work independently and manage time effectively.
Aptitude for learning and teaching new procedures.
Minimum Required: High school degree or equivalent experience.
Minimum Required: 1+ years' of related experience.
Minimum Required: None.
Proficient in Microsoft Excel, Word, PowerPoint, Outlook.

Responsibilities

Accurately process all wire transfers (incoming/outgoing, domestic/international) within department SLAs.
Handle foreign currency transfers via correspondent banks.
Apply knowledge of wire transfer risks and relevant regulations.
Assist with wire data collection for audits and risk assessments.
Reconcile internal accounts daily, including master balance proofs.
Conduct OFAC reviews and escalate to Compliance as needed.
Monitor wire activity for potential fraud.