What are the responsibilities and job description for the Deposit Operations Specialist position at MidWestOne Bank?
Overview
Small enough to care. Big enough to deliver.
This position is a Deposit Operations specialist role focused on a variety of department support functions utilizing a full understanding of various Deposit Operations roles. Foundational expertise is in overall account and portfolio ownership, set up and maintenance, and more advanced level operational support.
Responsibilities
- Assures compliance with all Bank policies and procedures as well as applicable state and federal banking regulations while performing all job responsibilities.
- Performs review of the following daily as assigned:
- Account and portfolio codes.
- Performs maintenance to keep core operating system current.
- Inactive/Dormant Reports.
- Notifies appropriate frontline personnel.
- Deposit-controlled accounts.
- Projects-System report and associated clean up.
- Account reconciliations.
- Various exception reports for any necessary corrections and to ensure system accuracy.
- Processes levies and garnishments.
- Performs MoneyGram transmittal.
- Performs OOPS Program Administrator duties.
- Performs research requests including legal/subpoenas.
- May perform one or more of the following as assigned duties:
- Reporting for IOLTA/IRETA;
- Review of Exception Reports to ensure accuracy and necessary corrections.
- Handling of accounts in escheatment status.
- Balancing and reconciliation of gift card program.
- Assists with internal and external customer requests.
- Assists in the development, evaluation, and implementation of procedures to enhance operations and productivity.
- Works on special projects as assigned which ensure that work is executed and delivered within required timeframes.
- Assists with other departmental duties, which includes providing back-up for other roles.
- Assists the Deposit Operations Team Leader to review and update duties, responsibilities, and procedures associated with this role on at least an annual basis.
- Performs other duties as assigned.
Qualifications
- Post high school education preferred or equivalent combination of education and related work experience.
- In addition to education, prefer 3-5 years of experience in one or more Deposit Operations support roles or an equivalent combination of education, training, and experience.
- Banking or financial experience is required.
Created By : Compensation Range
The Perks!
- Competitive base compensation with additional performance-based incentives (incentives vary depending on role)
- Career development and continuous learning opportunities
- Paid Time Off, Paid Holidays, Parental/Grandparent Leave, and more
- 100% vested 401(k) Retirement Plan with company match
- Medical, Dental, and Vision insurance
- Flex spending plan & Health savings accounts with employer contribution
- Student Loan Debt Reduction Program
- Employee Stock Ownership Plan
- Employer provided group life insurance with option to purchase additional life insurance for you and your family members
- Employer provided long term and short term disability insurance
- Additional Insurance options to meet your personal needs: Critical Illness and Accident insurance, and Hospital Indemnity
- Wellness Program
- Free banking services and other financial services discounts
- Take Your Dog to Work Day in June
- Employee Rally Day- a day of celebration and recognition!
RISE stands for Retention, Innovation, Support, and Empowerment. Through RISE we aspire to create and sustain a culture of respect and belonging that is reflected in the workplace and the communities we serve.
Let's build something great, together.
