Wire Transfer Specialist

First State Bank is seeking a Wire Transfer Specialist at the West Clay location.  If you have experience in a variety of standard accounting practices and administrative duties this may be a good fit for you! 

40 hours per week.  

Full-Time benefits will apply, including; medical, dental and vision insurance, paid sick and vacation, 401k, ESOP and more!

Duties and Responsibilities:

The Wire Transfer Specialist will perform all duties required of this position by following policies and procedures set forth by First State Bank, including, but not limited to:

• Responsible for the input, verification, and release of one-time or recurring domestic and foreign wire transfers through several online banking platforms, or offline when necessary, including but not limited to: 
  1. Process incoming wire transfers when received, posting to the appropriate general ledger or customer account. 
  2. Monitor pending wire transfer lists to ensure input wires are being verified in a timely manner. 
  3. Monitor wire transfers for fraudulent transactions, identifying and researching suspicious activity. Notify the Compliance Department of any suspicious activity and coordinate proper Compliance approval for any filed OFAC wire transfers.
  4. Set up customer and/or internal notifications of incoming and outgoing wire transfers within the wire transfer platform via email, fax, or hardcopy notice. 
  5. Maintain and monitor wire logs and properly executed wire documentation to comply with Bank policy and audit standards. 
  6. Review fees charged for incoming and outgoing wire transfers, as well as waived fees per management. 
  7. Manage end of day processing of wires for file submission to Core Processor.  Ensure all work is completed by processing deadlines daily. 
  8. Monitor the WireXchange system and assist in the implementation of changes as needed. 
• Monitor the Bank’s cash position at the Federal Reserve and Bank’s other correspondent accounts on a daily basis to ensure adequate funds are available to cover daily activity and notify management if borrowings are necessary. 
• Place cash orders with the Federal Reserve. 
• Provide support for all examiner/audit requests for wires. Coordinate the compilation of wire transfer audit requests with the branches and other departments as needed.
• Perform annual (at a minimum) disaster recovery testing on wire transfers, utilizing various backup methods for transmitting wire transfers in a disaster recovery situation and document the results. 
• Cross train with other accounting duties. 
• Complete all required compliance training and complies with the Bank Secrecy Act and Anti-Money Laundering Act, as well as all regulations which apply within the scope of the position. 

Qualifications:

• High school diploma or general education degree (GED) required.
• Associates or Bachelor’s degree in the areas of Accounting, Finance, or Business Administration with an emphasis in Accounting or Finance preferred.
• Minimum of two (2) years wire transfer processing experience required. 

For more information about First State Bank, please visit our Career’s Page by clicking HERE. 

As a condition of employment, all new hires will be required to complete a background check and drug testing.

First State Bank is an Equal Opportunity Employer of women, minorities, protected veterans and individuals with disabilities.  Prospective employees will receive consideration without discrimination because of race, religion, color, sex, age, national origin, disability or genetic information, veteran status, sexual orientation, gender identity or any other characteristic protected by law.