Wire Transfer Specialist

First Community Bank•Bluefield, VA

7d•$20 - $26•Onsite

About The Position

The Wire Transfer Specialist performs accurate and timely processing of domestic and international wire transfer transactions for corporate, commercial, and retail customers of the Bank. Ensure compliance with all applicable federal regulations, Bank policies, and risk controls while delivering a high level of service to internal partners and customers. The Wire Transfer Specialist also plays a key role in fraud prevention, OFAC compliance, and operational risk mitigation related to wire activity.

Requirements

High school diploma or equivalent
Demonstrated proficiency using banking platforms and common office software and systems
Strong verbal and written communication skills
Ability to meet deadlines while working independently
Strong attention to detail
Ability to travel, occasionally overnight
Ability to define goals and objectives, organize work, and successfully manage completion of tasks to achieve pre-defined goals and objectives
Ability to sit in front of a computer for extended periods of time

Responsibilities

Respond timely to wire requests, effectively implement documented controls, and accomplish departmental objectives.
Develop, document, maintain, and ensure compliance with an effective standard procedure for authentication of outgoing wire transfer requests.
Develop, document, maintain, and ensure compliance with a standard procedure for timely processing and posting of incoming wire transfers.
Develop, document, maintain, and ensure compliance with an effective standard procedure for processing outgoing wire transfers and ensure the request is legitimate and funds are available.
Develop, document, maintain, and ensure compliance with an effective standard procedure for performing recorded wire transfer authorizations and ensure the request is legitimate, authorized, and archived as required.
Develop, document, maintain, and ensure compliance with standard procedures for the proper internal approval of outgoing wire requests by Bank personnel.
Adhere to and ensure compliance with standard procedures that detail the process of monitoring and managing cash position and correspondent back activity including the Bank’s Federal Reserve Account daily. Provide guidance for daily settlement including guidance regarding the process of buying and selling funds, saving daily fed statements, etc.
Develop strong knowledge of wire transfer systems, formats, Fedwire, SWIFT, and clearing channels.
Develop, document, maintain, and ensure compliance with standard procedures that provide for continuity of wire service in the event of a disaster or less severe interruption to the ongoing business processes.
Develop, document, maintain, and ensure compliance with standard procedures for monitoring and reporting wire department activity to include performance to budget, volume of incoming and outgoing wires, etc. to create management awareness.
Develop, document, maintain, and ensure compliance with standard procedures that confirm compliance with any laws or regulations governing wire transfer (BSA/OFAC, etc.).
Complete training, as assigned, within the expected timeframes.
All employees are expected to support First Community Bank’s mission, vision, and values by exhibiting commitment to the Company Standards of Conduct and executing to the fullest extent possible the duties detailed within this job description.