Wire Clerk at First Community Bank

Bluefield, Virginia, United States -

Full Time

Start Date

Immediate

Expiry Date

29 Apr, 26

Salary

0.0

Posted On

29 Jan, 26

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Wire Transfer Process Operation, Timely Response, Documented Controls Implementation, Standard Procedure Development, Authentication, Incoming Wire Processing, Outgoing Wire Processing, Authorization Procedures, Internal Approval Procedures, Cash Position Monitoring, Correspondent Back Activity Management, Federal Reserve Account Management, Currency Ordering, Disaster Recovery Planning, Activity Reporting, Regulatory Compliance

Industry

Banking

Description

Description At First Community Bank, we are committed to making our community, the places where we live and work, a better place each day. With a true focus on “community banking,” employees find that they can make an impact through company-sponsored programs such as paid volunteer time, matching gifts for charitable contributions, and team participation in charitable events. We offer comprehensive benefits including health, vision, and dental insurance, 401(k) plan with employer match, life insurance, and paid vacation days, holidays, and other time off options. With over 50 locations in four states, First Community Bank offers the personal service you would expect from a company that knows your community. We welcome all applicants and look forward to new colleagues joining our community! The Wire Clerk performs the day-to-day operation of the wire transfer process. Duties and Responsibilities: Respond timely to wire requests, effectively implement documented controls, and accomplish departmental objectives. Develop, document, maintain, and ensure compliance with an effective standard procedure for authentication of outgoing wire transfer requests. Develop, document, maintain, and ensure compliance with a standard procedure for timely processing and posting of incoming wire transfers. Develop, document, maintain, and ensure compliance with an effective standard procedure for processing outgoing wire transfers and ensure the request is legitimate and funds are available. Develop, document, maintain, and ensure compliance with an effective standard procedure for performing recorded wire transfer authorizations and ensure the request is legitimate, authorized, and archived as required. Develop, document, maintain, and ensure compliance with standard procedures for the proper internal approval of outgoing wire requests by Bank personnel. Adhere to and ensure compliance with standard procedures that detail the process of monitoring and managing cash position and correspondent back activity including the Bank’s Federal Reserve Account daily. Provide guidance for daily settlement including guidance regarding the process of buying and selling funds, saving daily fed statements, etc. Operate with standard procedures for ordering currency necessary to adequately supply the branch network and offsite ATMs. Develop, document, maintain, and ensure compliance with standard procedures that provide for continuity of wire service in the event of a disaster or less severe interruption to the ongoing business processes. Develop, document, maintain, and ensure compliance with standard procedures for monitoring and reporting wire department activity to include performance to budget, volume of incoming and outgoing wires, etc. to create management awareness. Develop, document, maintain, and ensure compliance with standard procedures that confirm compliance with any laws or regulations governing wire transfer (BSA/OFAC, etc.). Complete training, as assigned, within the expected timeframes. All employees are expected to support First Community Bank’s mission, vision, and values by exhibiting commitment to the Company Standards of Conduct and executing to the fullest extent possible the duties detailed within this job description. Requirements High school diploma or equivalent Demonstrated proficiency using banking platforms and common office software and systems Strong verbal and written communication skills Ability to meet deadlines while working independently Strong attention to detail Ability to travel, occasionally overnight Ability to define goals and objectives, organize work, and successfully manage completion of tasks to achieve pre-defined goals and objectives Ability to sit in front of a computer for extended periods of time * The salary range is based on market data associated with the position and where the pay rate falls within the range is commensurate with experience, education, and other qualifications. *

Responsibilities

The Wire Clerk is responsible for the day-to-day operation of the wire transfer process, which includes timely response to requests and effective implementation of documented controls to meet departmental objectives. Key duties involve developing and maintaining standard procedures for authenticating, processing, and authorizing both incoming and outgoing wire transfers while ensuring compliance.