ACH/Wires Specialist II

Location
Herndon, VA
Posted
Nov 16, 2021
Closes
Dec 16, 2021
Ref
2021-1872
Function
Finance
Hours
Full Time
Overview

For more than 70 years, Northwest Federal Credit Union has provided valuable financial products and services for our members. Northwest offers employees a comprehensive benefits program including: medical and dental plans, paid time off, a generous 401k match, student loan assistance, parental leave, and the opportunity to grow professionally through a wide range of job-based, classroom and online training resources. Northwest Federal Credit Union has been recognized as a 2020 Top Workplace by The Washington Post and we believe that our success is built upon the excellence and achievement of our employees. Together, we serve and inspire to transform lives.

The ACH/Wires specialists\u2019 role is to support the internal and external members of the credit union by providing exceptional service and ensuring all transactions are completed in the most efficient manner. The department is the central location responsible for the processing of all incoming/outgoing wires, domestic and foreign, in addition to overseeing the ach origination, posting, return and research functions.

Responsibilities

  • Understand and adhere to Federal Reserve Regulation E and NACHA rules and regulations as they pertain to Electronic Funds Transfer
  • Keeps abreast of all regulations and requirements pertaining to Wire transfer, ACH, and share draft processing including but not limited to the Bank Secrecy Act
  • Ability to work independently and as a team member while using discretion in decision making and sound judgement in problem solving.
  • Demonstrate excellent organization, planning and prioritization skills; ability to manage multiple responsibilities and to work with multiple data systems.
  • Process domestic and USD foreign wire transfers via wire transfer software (incoming/outgoing).
  • Follow the credit unions wire call back procedure for outgoing wires, based on daily limits.
  • Prepare vouchers and/or uploads for incoming wires.
  • Post wires to member accounts as required.
  • Process foreign currency wire transfers via processor. Knowledge of international banking requirements, foreign currencies and exchange rates needed.
  • Process foreign checks as needed via vendor portal.
  • Perform OFAC checks on all incoming and outgoing wire transfers, in compliance with the Bank Secrecy Act (BSA). Seek supervisory assistance with any matches.
  • Process branch cash orders via FedLine Advantage.
  • Maintain files and records of transactions regarding the operation of wire transfers, cash orders, and bank statements.
  • Handle inquiries from internal and external members regarding ACH and Wire transfers.
  • Responsible for the ACH program including exceptions and originations
  • Maintain records on all ACH originations in accordance with NACHA Rules and Regulations and more specifically internal rules related to the ACH origination process.
  • Monitors all ACH activities and ACH related reports
  • Collaborate with other departments including, but not limited to Information Technology and Accounting to resolve any discrepancies in a timely manner.
  • Prepare vouchers for posting any exception items.
  • Assist with processing the ACH returns and Origination Files through the core, online banking and Federal Reserve Bank software.
  • Assist with processing Unauthorized and Stop Payment ACH transactions in accordance with NACHA operating rules.
  • Remains cognizant of and adheres to NWFCU policies and procedures as well as regulations pertaining to the Bank Secrecy Act (BSA)


Qualifications

  • Specialized college-level courses (i.e. accounting and finance) preferred
  • 1 year minimum experience in ACH/Wires or related field. Experience in a financial institution preferred.
  • General accounting knowledge to write up vouchers between general ledgers and member\u2019s accounts.
  • Working knowledge of Fedline, Core operating system, and all of the Microsoft Office Suite applications.

As a COVID-19 safety measure, our employees must either provide proof of COVID-19 vaccination or follow additional safety protocols, including testing.

EEO Notice

Northwest Federal Credit Union is an Equal Opportunity Employer and will consider all qualified applicants without regard to race, color, age, religion, sex, sexual orientation, gender identity, genetic information, national origin, disability, protected veteran status or any other classification protected by law.

NWFCU complies with federal and state disability laws and makes reasonable accommodations for applicants and employees with disabilities. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact the Human Resources Department at 703-709-8900 or HRDepartment@nwfcu.org.

Similar jobs