ACH & Wire Representative

Wire Transfer Processor

This position will be responsible for reviewing and processing all incoming and outgoing domestic and international wire transfers and the daily processing of duties related to ACH origination, research, returns, and exceptions. This position will understand and actively ensure compliance with ACH and wire regulations and policies.

Duties & Responsibilities

Review and process all incoming and outgoing domestic and international wire transfers following appropriate approval limit and department procedures.

Analyze wire requests for suspicious transactions. Partner closely with Fraud & Financial Investigations to review, when needed.

Work closely with Frontline, Accounting, and Treasury Management staff to resolve issues and assist with member and employee questions.

Provide clarification for Frontline staff on proper wire transfer entry, to ensure smooth processing.

Understands and adheres to NACHA rules and regulations.

Understands and adheres to Regulation E regarding ACH disputes.

Perform daily monitoring and processing of ACH origination files in a timely manner.

Perform daily review and processing of ACH returns and exceptions in a timely manner.

Perform ACH research as requested through cases and emails in a timely manner.

Adhere to critical timelines when completing assigned department duties.

Adhere to established department procedures and policies.

Act as a resource for and answer questions from Frontline teams related to ACH and Wire processing.

Communicate in a manner that is clear and precise when working with Frontline and other internal departments.

Make sound decisions that consider credit union risk and the overall member experience, and surface vulnerabilities and concerns to management.

Understand and adhere to the following regulations : Reg E; Reg J; Reg CC; Uniform Commercial Code (UCC) Article 4A; OFAC; Bank Secrecy Act / Anti-Money Laundering (BSA / AML); Operating Circular 4, 5, and 6; Title 31 CFR Subpart B; Green Book; OCC 235; and NACHA operating rules.

Provide internal department coverage to maintain daily operations during periods of staff shortages and time-off.

Complete a minimum of eight ACH and Wire continued education courses annually identified by management.

Promote honest and open communication with team members and throughout the credit union.

Demonstrate behaviors that are consistent with the credit union's values, philosophies, and leadership characteristics.

Perform other duties as assigned.

Requirements

Education and Experience Requirements :

• High school diploma or equivalent applicable experience required.
• Two (2) to three (3) years of experience working in a financial institution.
• Previous experience in ACH and Wires preferred.

Required Knowledge, Skills and Abilities :