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Wire Department Specialist

Company: First Foundation Bank
Location: Naples
Posted on: June 17, 2022

Job Description:

Job DescriptionSummary: This position is responsible for performing operational support duties of the Wire Transfer Department. Under minimum supervision, effectively processes domestic and foreign wire transfers, and verifies and releases wire payments to and from the Federal Reserve System and Correspondent Banks to meet the established cutoff times. Duties and Responsibilities:

  • Understands and complies with requirements of all laws and regulations applicable to the position
  • Monitor compliance with Bank safety rules and applicable safety and health standards established by federal, state, or local laws and regulations
  • Maintain a current awareness and understanding of and fully comply with the Bank's "Code of Ethics and Conduct". Each employee is also expected to maintain an awareness of the laws, regulations, internal policies, and procedures that are appropriate for his/her position.
  • Ensure that all incoming and outgoing wires, both domestic and foreign, are processed within the time limits on a daily basis and according to policy, procedures conforming with legal and regulatory requirements
  • Review incoming wires to ensure proper and complete information on the beneficiary is included in the wire in order to properly credit the client
  • Review wires to ensure that callback and OFAC process has been completed
  • Ensure general ledger lines associated with wire processing are in balance and all transactions are cleared daily
  • Understand and execute Remittance Transfers by complying with all the requirements under Federal Regulation E and the CFPB
  • Perform quality control on archived wire documents to ensure the retrieval and legibility of documents are maintained at a high standard of quality
  • Review all outgoing wires as they are input into the wire system to ensure that all information necessary for the wire to meet its final destination is included on the wire form and properly submitted into the wire system
  • Capable of understanding international wires by SWIFT codes, in U.S. dollars or foreign currency utilizing the Bank's correspondent bank as a conduit to the final wire destination
  • Take ownership and ensures timely response and resolution of client and Bank personnel issues as it relates to wire transfers
  • Communicates recurring or serious issues, including suspicious wire activity to the Wire Department Manager.
  • Develop and recommend policy and procedural enhancements to promote productivity and control as it relates to wire transfers
  • Attend and complete all required classroom, computer-based, web-based, and seminar training
  • May provide backup to Central Operations Specialist job duties
  • Perform other duties as assignedQualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.Education and/or Experience:
    • High School diploma or equivalent required; higher degree preferred
    • Minimum of 3 to 5 years of experience in wire transfers and operational back-office functions required Skills
      • Excellent command of the English language, both written and verbal, and the ability to effectively communicate with all levels within the organization
      • Ability to work under pressure and manage competing deadlines
      • General Mathematics and Accounting
      • Must be able to assess any given situation and bring to a successful resolution
      • Exercises solid decision-making and critical thinking
      • Must be experienced in the effective use of one or more core banking deposits and new account software
      • Must have a satisfactory computer and spreadsheet skills Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Travel may be required to and from offices and other various locations. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel; reach with hands and arms, and talk or hear. The employee is occasionally required to stand, walk; stoop, kneel, or crouch. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, and the ability to adjust focus.First Foundation is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with a disability, sexual orientation, gender identity, or any other characteristic protected by law.

Keywords: First Foundation Bank, Cape Coral , Wire Department Specialist, Other , Naples, Florida

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