Highland Bank · 23 hours ago
WIRE AND ACH FUNDS TRANSFER ASSOCIATE
Maple Grove, MN, US
Full-time
Onsite
New Grad, Entry Level
$50K/yr - $84K/yrHighland Bank is seeking a Wire and ACH Funds Transfer Associate to support Wire and ACH processing, Digital Banking, and Cash Management product services. The role focuses on processing and servicing funds transfer requests while ensuring compliance with relevant regulations and policies.
AdviceFinancial ServicesInformation Technology
Responsibilities
Process daily ACH originations, including transmitting files, creating notices, and handling returns and reversals
Ensure timely and accurate processing of ACH files from customers
Investigate disputes or suspicious activity and report fraud to the Risk Analyst, CTO, and Director of Operations/BSA Officer
Understand and apply NACHA rules and current banking regulations
Have knowledge of ACH file processing and OFAC rules as they relate to ACH transactions
Process wire transfers through DirectLine Wire, verifying client information and OFAC lists before executing transactions
Ensure wire requests are timely and follow proper protocols and verification processes
Perform secondary call-backs based on wire policy and customer instructions to prevent fraud
Process incoming wires accurately, verifying account numbers and beneficiary details
Monitor transactions through DirectLine Wire, ensuring proper processing
Investigate and report suspicious or fraudulent activity as per regulations
Download wire activity reports for compliance and conduct necessary searches
Understand and apply OFAC rules to wire processing and audit requirements
Review system reports, perform daily/monthly reconciliations, and resolve outstanding items
Prepare reports and correspondence
Participate in special department projects
Gather audit documentation as requested
Perform additional tasks as directed by management or the Digital Banking Operations Risk Analyst
Support Digital Banking and Cash Management services, including client profile setup and maintenance
Qualification
Required
Supports Wire and ACH processing, Digital Banking, and Cash Management product services
Processes and services Wire and ACH funds transfer requests, ensuring accuracy and compliance
Involves fraud mitigation, transaction review, and profile analysis
Responsible for adhering to Digital Banking policies and regulations, including Anti-Money Laundering, Bank Secrecy Act (AML/BSA), OFAC, and Identity Theft programs
Handles compliance with bank policies, including authentication and verification processes for secure transfers
Processes daily ACH originations, including transmitting files, creating notices, and handling returns and reversals
Ensures timely and accurate processing of ACH files from customers
Investigates disputes or suspicious activity and reports fraud to the Risk Analyst, CTO, and Director of Operations/BSA Officer
Understands and applies NACHA rules and current banking regulations
Has knowledge of ACH file processing and OFAC rules as they relate to ACH transactions
Processes wire transfers through DirectLine Wire, verifying client information and OFAC lists before executing transactions
Ensures wire requests are timely and follow proper protocols and verification processes
Performs secondary call-backs based on wire policy and customer instructions to prevent fraud
Processes incoming wires accurately, verifying account numbers and beneficiary details
Monitors transactions through DirectLine Wire, ensuring proper processing
Investigates and reports suspicious or fraudulent activity as per regulations
Downloads wire activity reports for compliance and conducts necessary searches
Understands and applies OFAC rules to wire processing and audit requirements
Reviews system reports, performs daily/monthly reconciliations, and resolves outstanding items
Prepares reports and correspondence
Participates in special department projects
Gathers audit documentation as requested
Performs additional tasks as directed by management or the Digital Banking Operations Risk Analyst
Supports Digital Banking and Cash Management services, including client profile setup and maintenance
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Dependent Life Package
Accidental Death and Dismemberment Insurance (AD&D)
Salary Continuation
Long-Term Disability
Voluntary Life Insurance for Employee, Spouse, and Child(ren)
Voluntary Accidental Death and Dismemberment Insurance (AD&D) for Employee, Spouse, and Child(ren)
Health Savings Account
Flexible Spending Accounts
401(k) with 4% employer match
21 Days of PTO, accrued per pay period
Employee Incentive Program
Company
Highland Bank
Highland Bank is a privately-held, business-focused bank, working directly with key decision-makers from start to finish.
Founded in 1943
51-200 employees
Funding
Current Stage
Growth StageTotal Funding
$10M2020-10-23Debt Financing· $10M
Leadership Team
Rick Wall
CEO
Craig Boivin
Chief Technology Officer
Recent News
Seattle TechFlash
2025-09-12
Company data provided by crunchbase