Funds Transfer Analyst at BANK FUND STAFF FEDERAL CREDIT UNION

Washington, District of Columbia, United States -

Full Time

Start Date

Immediate

Expiry Date

13 Oct, 26

Salary

68000.0

Posted On

15 Jul, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Funds Transfer, Wire Transfers, SWIFT, Analytical Skills, Problem Solving, Written Communication, Verbal Communication, Attention To Detail, Organization, Prioritization, Foreign Currency Processing, General Ledger Reconciliation, Regulation E, Fraud Prevention, Onbase Wires Workflow, International Collections

Industry

Financial Services

Description

Description About BankFund: BankFund Credit Union is a full-service financial cooperative that was organized and chartered in 1947 as a convenient place for employees of the World Bank Group and International Monetary Fund and their families to save and to obtain credit. Located in Washington, DC, BankFund maintains three full-service branches downtown with our headquarters located near Farragut West metro station. This position is classified as a hybrid role which means that on-site work will be expected. After completion of training for the role, staff generally work on site 40% of the time but this is subject to change based on health and safety standards and operational need. Responsibilities: · Serve as the primary liaison for members and staff regarding all escalated funds transfer inquiries. · Investigate and resolve Funds Transfer-related problems referred by staff and/or members. · Open investigations, placing traces, recalls, amendments, and/or SWIFT receipt requests on wire transfers as necessary via the appropriate processing system. · Coordinate with domestic and international financial institutions via appropriate secure messaging channels which may include designated vendors to resolve Funds Transfer Investigations. · Communicate with members as to their investigation. · Refer appropriate investigation cases to the Funds Transfer Supervisor, Manager, Funds Transfer Services, and/or other departments as needed. · Perform any necessary transactions on member/internal accounts as needed resulting from escalated inquires or investigations. · Keep knowledge up to date on current US regulations and fraud practices impacting the transfer of funds. · Approve large dollar Funds Transfer requests in the Onbase Wires Workflow according to assigned wire signer tier. · Maintain Records Management of all Funds Transfer Investigation documentation. · Evaluate all foreign currency incoming wires through designated vendor for processing, including returning or booking and crediting appropriate member/internal accounts. · Examine and reconcile appropriate General Ledger accounts, performing any necessary transactions on member/internal accounts as needed. · Train new Funds Transfer staff. · Process all international collection items. · Back-up all other Funds Transfer Positions as needed, including Funds Transfer Representatives, and Funds Transfer Analysts. · Maintain and update the Credit Union’s Policies and Procedures manual for procedures and duties of this position. · Assist and instruct Members or staff in the use of the Credit Union’s eWire module. · Recommend process improvements to management where appropriate. · Keep knowledge up to date on current US regulations regarding Regulation E for wire transfer disputes. · Participate in annual wire approval training to maintain designated wire approval tier. For internal purposes, this position is graded as NE - 7. The anticipated annualized base salary range for this position is $55,00 to $68,000. Final base salary for this role will be based on the individual’s job-related experience, skillset, training, certifications and market demands. The benefits available for this full-time position include but are not limited to: medical, dental, and vision insurance, 401(k) plan, life insurance coverage, disability benefits, tuition assistance program and paid time off, including paid parental leave benefits. In addition to base compensation salary, this role position is eligible for an annual incentive plan. Requirements Minimum Qualifications or Knowledge, Skills and Abilities Required B.S. Degree or equivalent combination of education and experience. 3 years banking experience 1 year of payments or wire transfer experience Professional Qualifications: Proven ability to work on a team Well-developed analytical and problem-solving skills Reliability and accountability Excellent written and verbal communication skills with attention to detail Ability to organize and prioritize tasks to establish and meet deadlines Self motivated

Responsibilities

The analyst serves as the primary liaison for escalated funds transfer inquiries and manages investigations, traces, and recalls for wire transfers. They are also responsible for approving large dollar transfers, reconciling general ledger accounts, and maintaining compliance with US regulations.