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Money Transfer Paying and Receiving Vice President

Company: Sumitomo Mitsui Banking Corporation
Location: Jersey City
Posted on: May 3, 2021

Job Description:

OverviewSMBC NY will be implementing an ACH back office system and establishing an ACH Back Office Department.The candidate will take part in the vendor process, testing, design and subsequent implementation. Then will be responsible for the roll out and for the day to operations of ACH processing within the Settlement Operations Group.Responsibilitieswill include documenting all policies and procedures being established for the department and for building the ACH back office team along with all related day to day production tasks and responsibilities associated with ACH back office. In addition to overseeing management of the day-to-day will also be responsible for issues management, and will be the point of contact for ACH bank office processing for the operations team.ResponsibilitiesMonitor the processing of incoming and outgoing ACH files Responsible for the monitoring of origination risk/exposure settings and exceptions Responsible for ACH returns, reversals, blocks and filters Maintenance of client profiles in ACH Back Office System Collaboration with customers and/or internal departments on ACH issues Provide direct support for ACH Operations, using effective communication skills to assist internal business partners, corporate clients, and correspondent banks. Investigate , research and resolve internal/external requests for all ACH account claims and inquiries Ensure the team meets the daily deadlines Perform duties and responsibilities specific to department functions and activities Performs other duties as required or assigned by managementEnsuring that these processes and files comply with NACHA and other related regulations. This position provides back-up in various areas of Settlement (Money Transfer / Client Service ) as needed or assigned.Develop and cross train staffQualificationsBachelors degree or equivalent work experience AAP ( Accredited ACH Professional) certification Seven years of experience in bank back office operations with at least 5 years experience in ACH with increasing responsibilities Knowledge and understanding of payments system ( Fedwire and CHIPS) in addition to ACHAbility to work in a fast-paced environment with competing time sensitive prioritiesStrong attention to detail to ensure policies and procedures are adhered to and regulatory requirements are metDevelop and cross train staff.Knowledge and accumulated experience with payments best practices, payment system delivery channels and payment technologies.JobSummaryCareer Category:OperationsiCIMS ID: 2020-7462Corporate Title: VPType: Fulltime-RegularSDL2017

Keywords: Sumitomo Mitsui Banking Corporation, Jersey City , Money Transfer Paying and Receiving Vice President, Other , Jersey City, New Jersey

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