Processes all incoming and outgoing domestic and international wire transfers in accordance with the Wire Transfer Policy and Wire Transfer procedures.
Assists leadership with critical risk management activities, including daily OFAC review and case management, to ensure compliance with key regulatory requirements.
Monitors the daily workflow and ensure that all wires, both domestic and foreign, are processed following the Bank’s policies and procedures.
Balances and reconciles all entries, including Federal Reserve Summary Statement to daily wire activity.
Applies understanding of remittance transfers and applicable regulations including, Dodd Frank Act, OFAC, REG E, and Swift.
Monitors the wire systems Office of Foreign Asset Control queue and analyze exception to determine potential matches.
Escalate possible violations to Byline’s BSA Department.
Analyzes existing processes to develop strategies, procedures and /or policies to maximize team efficiency.
Analyzes exceptions closely to determine appropriate processing.
Performs wire payment process and daily reconciliations.
Ensure controls are in place to protect against fraudulent wire activity and unnecessary risk and exposure.
Reviews all outgoing wire requests received through online banking, retail staff, finance staff and leading staff.
Processes wire remittance errors, process of outgoing wire requests, Quick rate maturity wires, special release, and exception wires.
Help with non-routine transactions and exceptions to eliminate potential fraud/suspicious situations.
Performs call back verification, OFAC verification.
Processes rejected incoming wires and reverse wire requests.
Assists with customer inquiries regarding wires.
Help monitor the department email box and responds in a professional and timely fashion.
Help reports issues of concern or matters of potential loss to manager.
Performs various security related tasks such as verifications and confirmations to validate the outgoing wire transfers.
Help ensure all outgoing wires are processed accurately with proper procedures and controls.
Preparing all wires have been properly authorized by working and communicating with other departments.
Responsible for end-of-day reconciliation to ensure all wires were posted accurately and the wire balances are correct.
Monitors the status of wire transfer.
Provides support for internal departments via telephone and email.
Assists with customer inquiries regarding wires.
Help provides support to all branches and other departments for all wire-related questions.
Balances and reconciles all entries, including Federal Reserve Summary Statement to daily wire activity.
Performs various security related tasks such as verifications and confirmations to validate the outgoing wire transfers.
All other duties as assigned.

Requirements

Associate’s degree in accounting, Finance, Business Administration, or related degree
2+ years of experience in banking with an emphasis in wire operations.
2+ years of experience with banking regulations and compliance requirements.
Knowledge of banking products, services, regulations, and compliance.
Knowledge of related state and federal banking compliance regulations.
Experience with general banking methods and procedures related to Federal Funds transactions.
Experience with general ledger reconciliation.
Knowledge of the wire transfer system.
Be a strategic thinker with the ability to develop, communicate and implement plans that support the overall goals of the Bank.
Ability to work collaboratively with a variety of stakeholders at all levels.
Be self-motivated with a strong attention to detail.
Have strong change management, organizational and planning capabilities.
Ability to identify, understand and define problems, evaluate alternatives, set priorities, manage projects, and implement high quality solutions.
Demonstrate strong organizational skills with the ability to communicate multiple projects and priorities.
Proficiency in MS Office Suite.
Possess strong communication skills both verbally and in writing.

Benefits

medical coverage
dental
vision
disability
401k
paid time off

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools

wire transfersrisk managementreconciliationremittance transfersbanking regulationsFederal Funds transactionsgeneral ledger reconciliationwire transfer systemOFAC complianceDodd Frank Act

Soft Skills

strategic thinkingcollaborationself-motivationattention to detailchange managementorganizational skillsplanning capabilitiesproblem-solvingcommunication skillsproject management

Certifications

Associate’s degree in accountingAssociate’s degree in FinanceAssociate’s degree in Business Administration