Department: Funds Transfer
Responsible for the management, automation, operation, development and control of the Funds Transfer function. As a senior manager, the department head liaises with the banks senior management on all administrative responsibilities regarding the department.
Manages and controls proper operation of incoming and outgoing payments from CHIPS, Fed, ACH and SWIFT, and all bookkeeping entries from correspondent banks and IDB affiliates.
Directs operations of Accounts Payable and Suspense Items.
Ensures control of daily work.
Authorizes payments requiring two signatures, as necessary.
Formulates automation/ cost cutting strategies for recommendation and presentation to Senior Management.
Liaises with Information Technology (IT) as well as outside vendors to ensure smooth systems transition, support and operation.
Monitors activity in automated systems to ensure timely completion of transactions.
Assists in verification and funds approval functions in the E-GIFTS payment and SWIFT systems.
Monitors staff training and development.
Monitor approved Budget Activity.
Implements Funds Transfer automated systems under the guidance of and with the assistance of Information Technology (IT).
Evaluates staff performance, recommending promotions and advancements.
Authorizes requisitions for supplies.
Manages all Funds Transfer operations, SOX , operating automated systems when necessary.
Five to seven years operations experience in a financial institution focusing on back office wire processing and internal daily settlement and reconciliations. Specific attention to detail and communication.
Post high school and/or professional school desirable. Computer skills in Excel, Word, etc.
AAP accreditation a plus