What are the responsibilities and job description for the Vault Reconciliation Analyst position at Fifth Third Bank?
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GENERAL FUNCTION: Performs responsibilities within the Bancorp Cash Vaults, in support of Virtual Vault and Remote Currency Manager product lines. Position may be responsible for all or any combination of these defined duties and responsibilities for all or any combination of the areas encompassed within the Bancorp Cash Vaults.
Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank’s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
Duties And Responsibilities
Knowledge & Skills Required
At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.
The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location.
Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.
LOCATION -- Cincinnati, Ohio 45227
Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes – no matter how they are submitted – will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.
Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.
We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.
GENERAL FUNCTION: Performs responsibilities within the Bancorp Cash Vaults, in support of Virtual Vault and Remote Currency Manager product lines. Position may be responsible for all or any combination of these defined duties and responsibilities for all or any combination of the areas encompassed within the Bancorp Cash Vaults.
Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank’s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
Duties And Responsibilities
- Monitor all Virtual Vault reconciliations from multiple vendors to ensure accurate and quick response to any un-reconciled activity.
- Monitor all Remote Currency Manager reconciliations from multiple vendors to ensure accurate and quick response to any un-reconciled activity.
- Responsible for Relationship Management and day to day communication and workflow with BPO partner to ensure all un-reconciled activity is actively being researched and resolved.
- Responsible for Relationship Management and day to day communication and workflow with BPO partner to ensure all Federal Reserve outages are resolved.
- Create transactions to reconcile escalated Virtual Vault and Remote Currency Manager reconciliation issues.
- Maintain quality of ACE account setups in order to ensure all transactional activity processed through ACE.
- Identify and execute improvements to existing reconciliation process to enhance Customer Experience and/or decrease Operational cost.
- Partner with multiple vendors to escalate research requests as needed and monitor SLA on all escalated research.
- Maintain and build relationships within Depositor Services to ensure quick and accurate notification and handling of exception items.
- Become and maintain SME status in regards to reconciliation issues related to Virtual Vault and Remote Currency Manager products.
- Provide general support to internal and external partners regarding Remote Currency Manager and Virtual Vault product line (research, implementations, and overall product knowledge).
- Attend weekly vendor meetings to ensure SLA quality related to research items and ensure knowledge on all vendor enhancements related to Virtual Vault and Remote Currency Manager product lines.
- Verify data integrity of files passed from an outside vendor.
- Perform other duties as assigned.
Knowledge & Skills Required
- Associate’s Degree or equivalent experience.
- Two (2) years banking operations experience required, preferably in a similar environment.
- Excellent written and verbal skills needed to communicate with all levels of the organization.
- Highly proficient with Microsoft office products Outlook, Word, Excel, and PowerPoint as well as Business Objects.
- Must be able to work in a team environment with the ability to interact well and in a positive manner.
- Self-motivator with strong problem solving skills and attention to detail.
- Must be able to handle multiple tasks.
At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.
The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location.
Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.
LOCATION -- Cincinnati, Ohio 45227
Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes – no matter how they are submitted – will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.
Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.