Senior Officer - Funds Transfer

Job Description

Job Description

Job Purpose:

Support the Funds Transfer Supervisor in the day-to-day accurate and timely processing of all Funds Transfer related activities. Consistently meet all processing deadlines for Pay-Thru-Correspondent (PTC) transactions as well as Fedwire closing requirements. Manage the day-to-day check clearing operations, both Inclear & Deposits, for the New York Branch.

Responsibilities:

• Assist in processing all payments (PTC, FedWire, Book Transfers, Check21, etc.) and messages in eGifts
• Assist in processing the first verify function of OFAC/Compliance items requiring review
• Review and release or refer to Compliance all OFAC related payments and messages that are filtered
• Responsible for department opening or closing duties, based on rotating schedule
• Assist in coordinating the processing priorities of Funds Transfer staff
• Recommend changes to operational procedures, policies and practices
• Perform all functions required within the Funds Transfer area and assist and educate all other Funds Transfer staff in the various tasks and responsibilities as required
• Timely referral of payments requiring Operations Control approval (debit and insufficient funds limits)
• Review all check clearing related processing
• Backup for all SWIFT and messaging related functions
• Liaison with Fedwire staff to resolve operational matters
• Provide back-up for the Funds Transfer Supervisor, coordinating daily workflow in the area in the absence
• Participate in mandatory Funds Transfer testing requirements
• Maintain various logs and statistical reports
• Coordinate and perform end-user acceptance testing for all Funds Transfer related systems based on self developed test scripts
• Ensure adherence to all pertinent laws and regulations governing BSA/AML, CTF, OFAC and the USAPA as well as all bank policy and procedures governing these topics
• Successful and timely completion of all assigned training, including ISO, HR and BSA/AML/OFAC training.
• Complete assignments as directed by management

Qualifications and Experience:

• Knowledge of Funds Transfer Operations
• Knowledge of eGifts, Swift, and Federal Reserve Systems and Applications, Wit$Web and Equation
• 4 years plus experience in Funds Transfer, Check Clearing, Investigations/Customer Service
• Knowledge of Funds Transfer operations and systems