Wire Processor I in Lakewood, New Jersey at First Commerce Bank

Starting Salary $43K (Negotiable contingent upon experience)

First Commerce Bank provides people, businesses, and communities in our markets with high quality products and services with superior customer service. We will provide products and services through secure, user-friendly technology and customer-friendly locations. Our relationships are founded in our desire to be responsive to the financial needs of our customers in an atmosphere of personal attention, professionalism, trust, integrity and fairness. First Commerce prides itself on maintaining personal communications beginning with the Board of Directors.

Basic Qualifications

Education/Training: Bachelor’s degree in accounting, Finance, Business Administration, or related field preferred; specialized bank finance/accounting education/training. Requires a High School Diploma. Banking experience is highly preferred.

Skill(s): Proficient in English, reading, writing, grammar, and mathematics skills; proficient interpersonal relations and communication skills; including telephone etiquette; proficient PC skills including Microsoft Office.

Experience: A minimum of one (1) year’s related experience required.

General Responsibilities

Responsible for processing incoming and outgoing domestic and international monetary wires, ensuring accuracy, security, and regulatory compliance (OFAC) using automated banking systems, and customer service standards.

Essential Duties

1. Assists the Wire Department to ensure proper control of the Bank’s wire transfer activities. Performs various accounting duties of which the following are illustrative:
   1. Processing Transactions: Accurately input, verify, and initiate incoming and outgoing wire

      transfers via bank system.

      b. Ensure wires are processed and documented with appropriate approvals before releasing.

      c. Report to the Wire Manager regarding all issues or concerns relating to wire transfer activity.

      d. Compliance & Fraud Prevention: Monitor for suspicious activity, review OFAC matches, and

      adhere to strict security protocols.

      e. Customer Support: Communicate with clients, internal departments, and other financial

      institutions to respond to inquiries and/or resolve discrepancies with wire transactions.

   2. f. Maintain wire logs, audit logs, and balance wire reports daily.

   3. Responsible for the administration of the Bank’s Wire Transfer System. Assist with the

      transmission of payment messages and service messages related to all wire transfer functions and transactions.

      h. Ensure all wire transfer transactions are processed in accordance with regulatory requirements

      and company policies and procedures.

      i. Utilize knowledge of electronic funds transfer system (WireXchange and Federal Reserve)

      automation capabilities and requirements to promote straight through processing.

      j. Ability to complete all transactions by established cutoff times while maintaining high quality

      and accuracy of transactions.

      k. Demonstrates the ability to handle a high-volume, high-risk process while maintaining quality

      standards and adhering to policies and procedures.

      l. Ensure wire inquiries and issues are researched and addressed timely and accurately.

      m. Follow multiple steps to verify all wiring instructions and confirm funds availability per

      procedures.

      n. Review wires for fraudulent scams and red-flag suspicious activity and communicate directly

      with compliance staff.

      o. Consult with head of compliance to investigate suspicious activity before the wire is released. p. Maintain a thorough understanding of the Federal Regulations that govern wire transfer transactions including, but not limited to, Reg J, Reg E Dodd Frank, bank secrecy and anti-

      money laundering laws.

      q. Assists with the Disaster Recovery for wires annually.

      r. Assists with preparation for various audits and regulatory exams by gathering materials,

      assists with preparation of assigned schedules.