Wire Transfer Specialist

Five Star Bank•Warsaw, NY

About The Position

Purpose: The Wire Transfer Specialist is responsible for processing incoming and outgoing wires, complying with the Bank Secrecy Act (BSA) and Anti-Money Laundering regulations, confirming both Originator and Recipient through the Office of Foreign Asset Controls (OFAC). This position also works closely with Five Star Bank’s Treasury department, timely communicating any large dollar wires that may affect the cash position of the Bank. Essential Functions: Processes requests for incoming and outgoing wire transfers directly from contractual customers and from other areas of the bank including the Retail Branch network, on behalf of customers ensuring accuracy of required documentation and in accordance with Federal regulations and established departmental policies and procedures. Process all incoming, outgoing domestic & foreign wire transfer requests utilizing Fed Direct software and Jack Henry Direct Line Wire application. Monitors outgoing wires submitted through the Digital Banking platform daily and ensures accuracy of required documentation in accordance with Federal regulations and established department al policies and procedures Maintains and balances daily wire logs relating to domestic and foreign wire transfers for audit purposes and Treasury Department requirements Prepares and submits all end of day entries to the appropriate general ledger accounts for individual foreign wire transactions Responsible for retention and safekeeping of wire forms and current lists of bank authorized signers Demonstrate the standards and principles of the Five Star Bank experience in every interaction with internal and external customers, associates, and stakeholders. Incorporate the high-performance behaviors of teamwork, leading by example, and service in every facet of work.

Requirements

Education: High School Diploma or equivalent.
Prior Experience: 1+ Years Type: Banking experience
Effective communication skills both, verbal and written
Strong organizational skills with the ability to multitask and prioritize to meet assigned deadlines
Dependable in meeting regular attendance requirements and schedules established for the department
High level of attention to detail to ensure accuracy
Responds to requests in a timely and professional manner while maintaining a focus on customer needs
Experience with Windows-based PC’s and Microsoft Outlook with ability to learn new and existing banking software

Responsibilities

Processes requests for incoming and outgoing wire transfers directly from contractual customers and from other areas of the bank including the Retail Branch network, on behalf of customers ensuring accuracy of required documentation and in accordance with Federal regulations and established departmental policies and procedures.
Process all incoming, outgoing domestic & foreign wire transfer requests utilizing Fed Direct software and Jack Henry Direct Line Wire application.
Monitors outgoing wires submitted through the Digital Banking platform daily and ensures accuracy of required documentation in accordance with Federal regulations and established department al policies and procedures
Maintains and balances daily wire logs relating to domestic and foreign wire transfers for audit purposes and Treasury Department requirements
Prepares and submits all end of day entries to the appropriate general ledger accounts for individual foreign wire transactions
Responsible for retention and safekeeping of wire forms and current lists of bank authorized signers
Demonstrate the standards and principles of the Five Star Bank experience in every interaction with internal and external customers, associates, and stakeholders. Incorporate the high-performance behaviors of teamwork, leading by example, and service in every facet of work.

Benefits

Medical, Dental, and Vision Insurance
Health Savings Account
Flexible Spending Account(s)
Company Paid Life Insurance, Long Term Disability, and Short Term Disability
Voluntary Offerings: Life, Critical Illness/Specified Disease, Accident, Hospital Indemnity & Personal Accident
Tuition Reimbursement
Employee Referral Program
Wellness Reimbursement Program
Star Volunteer Program
Employee Banking and Financial Perks
Paid Time Off (PTO)
Company Paid Holidays