What are the responsibilities and job description for the Bank Operations Specialist III position at Union Bank and Trust Company?
Objectives Of This Role
- Perform daily bank operations tasks according to the Daily Operations Checklist as defined below under responsibilities
- Provide both internal and external client service at the highest standards
- Work in collaboration with the VP of Operations and CFO/COO on the movement of funds as needed to cover liquidity needs of Fedline and UBB correspondent accounts.
- Train and provide support to other operational staff
- Crosstrain in other related departments as needed
- Process wires, ACH transactions, returned checks, internal transfers, reconciliations, sweep accounts, dormant account exceptions, negotiable instrument reconciliations, etc.
- Fed Funds/Cash settlement, including cash letter adjustments
- Create core processor tickets for resolution of operational processing incidents
- Maintain and process transactions at correspondent bank, including reconciliation and research of discrepancies
- Monthly FHLB statement reconciliation
- Process bond portfolio entries
- Process exception items, including chargebacks, overdrafts, non-posts, returns, stop payments, etc.
- Monitor and remittance of IOLTA accounts
- Review, understand, and distribute daily reports and notices
- Perform OFAC checks when required
- Minimum of a high school degree. Associate or bachelor’s degree preferred, but not required. The equivalent of education & experience in banking and other financial services may be acceptable.
- Knowledge of general banking principles, bank operations, compliance, general ledger accounts, and online banking
- FiServ Premier core processing experience preferred
- Teller experience desired, specifically Integrated Teller
- Knowledge of UMACHA and NACHA rules and regulations
- Knowledge of required regulations involving bank operations, including Reg E, Reg CC, BSA/AML, Reg D, etc.
- Ability to research, problem solve, resolve, and reconcile out-of-balance accounts
- Aptitude for learning and the ability to maintain continued education requirements.
- Accredited ACH Specialist designation preferred, but not required. The ability and willingness to become certified in the future is desired.
- Ability to work in collaboration with all operational staff as well as other departments
- Strict adherence to compliance and all internal procedures for transactions
- Helpful, courteous attitude
- High attention to detail required
