Wire Transfer Specialist

Job Description

Job Description

Position Summary :

The position of the Wire Transfer Specialist is responsible for processing all domestic and international incoming and outgoing wire transfer on all systems (Fedline, Jack Henry) accurately using good judgement while adhering to performance standards . Establish and maintain banking records in order of adhere to all banking regulations. Must be capable of performing duties with limited supervision.

The Wire Transfer Specialist must help assure compliance with all Bank policies and procedures, as well as, all applicable state and federal banking regulations

Essential Functions :

Wire Transfers

• Complete outgoing wire transfers : verify and transmit outgoing wires transfer received from varies locations on Jack Henry or TIB
• Process incoming wire transfers : types, receive funds, verify and approvals from TIB and FRB
• Maintain logs and reconciliation of wire transfers
• Perform various security related functions such as PIN verifications and callback confirmations to validate the authenticity of outgoing wire transfers
• Analyze outgoing wire requests to determine if in strict compliance with policies and procedures
• Review the purpose of the wire transfer and consider if reasonable to effectively eliminate potential fraud situations
• Determine if the wire transfers violate any established regulations
• Interact with departments throughout the bank by providing support for screening wire transfer requests for fraud and suspicious activity
• Assist / train clients to process wire transfers on the Bank’s cash management internet product
• Assist clients with the completion of wire transfer authorization forms to ensure they are set up effectively in order to process wire transfers efficiently based on the company’s framework and the Bank’s policy requirements such as initiation and callback confirmations
• Assist with resolving any wire transfer system issues
• Determine the daily reserve requirement position, daily cash position and federal fund needs including projections going forward
• Monitor market conditions for Fed Fund sales and purchases and communicate appropriately
• Learn and utilize Federal Regulations that govern wire transfer transactions to minimize / eliminate any potential loss to the bank.
• Complete daily balancing and end of day procedures within a reasonable time
• Participate in any Disaster Recovery and Contingency testing as required
• Other duties may be assigned

Secondary Functions

Supervisory Responsibility :

This position has no supervisory responsibilities.

Job Type :

This is a full-time, non-exempt position. Typical work hours are Monday through Friday, 8 : 00am to 5 : 00pm.

Travel :

No travel is expected for this position.

Work Environment :

This job operates in a professional office environment. This position uses office equipment such as computers, phones, copy and fax machines, calculators, filing cabinets and printers.

Physical Demands :

This position will be responsible for writing, typing, speaking, listening, lifting (up to 50 pounds), driving, carrying, seeing (such as close, color and peripheral vision, depth perception and adjusted focus), sitting, pulling, walking, standing, squatting, kneeling and reaching.

Mental Demands :

The incumbent in this position must be able to accommodate to reading documents or instruments, detailed work, problem solving, customer contact, reasoning, math, language, presentations, verbal and written communication, analytical reasoning, stress, multiple concurrent tasks and constant interruptions.

Education and Experience :

These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and / or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.

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