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Columbia Bank New Jersey · 22 hours ago

Transactional Banking Wire Specialist

Fair Lawn, NJ

Full-time

Hybrid

Entry Level

$25/hr - $37/hr

2+ years exp

Columbia Bank New Jersey is seeking a Transactional Banking Wire Specialist responsible for handling and processing wire transfers for clients. The role includes ensuring accuracy and compliance in wire processing, communicating with clients and internal teams, and conducting audits and vendor management.

BankingFinancial ServicesMortgage

Responsibilities

Process incoming and outgoing monetary wires for commercial and consumer clients using our automated wire transfer system

Stay current of all policies and procedures, federal and state laws applicable to wire transfers

Process all Commercial and Consumer wire requests in a timely manner

Process wire return

Communicate with other banks regarding wire discrepancies, missing wires, and wires in need of revision

Research and work on incoming wire messages via Fed-Line from various banks

Process Foreign Currency wires

Create wire templates

Create and process drawdown

Assist external clients (both commercial and consumer) with wires conducted online

Assist all internal partners (e.g., branch and back-office personnel) with wire-related situations

Ensure client fees are being assessed correctly through the wire transfer system with approval from management

Work with the IS Department, Wire vendor and BI to resolve all processing related issues

Responsible for month end G/L reconciliation and reporting monthly activity

Assist Transactional Banking Services Manager with regulatory and system upgrades, as necessary

Monitor high dollar wires and work with Branch Management on securing approvals for large wire transactions. Work with the Treasury department on large money movement activities

Create advice notifications upon customer request

Research and resolved inquires and exceptions as requested daily

Call back all Cash Management customers processing Wire Transfers to verify their payment amounts for accuracy

Review and work with client on all possible fraudulent wires flagged through the wire fraud application

Communicate with Branch Managers and Assistant Branch Managers of any issues arising from a wire request

Review questionable wire transfers and help detect fraudulent and suspicious activities

Notify Management, Branch Manager, Assistant Branch Manager, Security, and the BSA Departments for all questionable, suspicious, and fraudulent activities. Notify Management of investigation findings

Conduct quarterly testing for SOX reporting and report any issue to the Deposit Operations SOX Coordinator

Conduct monthly Internal Control Testing to ensure department is following procedures and in compliance with regulatory requirements

Conduct quarterly OFAC testing

Complete all required compliance training timely

Open and manage cases related to critical vendors (Wire Platform, Correspondent Bank, Cash Management Vendor)

Communicate with critical vendors (Wire Platform, Correspondent Bank, Cash Management Vendor)

Perform required User Acceptance, Functional, and Disaster Recovery testing for all bank, vendor or Fed initiated changes

Perform other job-related duties as may be assigned

Additional duties assigned to Wire Specialist include data entry of account analysis activity generated, performing research when necessary, scanning of required documents for imaged document retrieval, and miscellaneous duties as assigned

Qualification

Wire processing experienceReg EData processing systemsAutomation principlesSoftware/hardware applicationsWork in groupsMeet deadlinesWritten communicationVerbal communication