Clearing Officer

Mjboyd; New York (NY); On-site; USD 60,000 - 90,000; Full time

Job summary

Mjboyd in New York seeks an experienced Wire Transfer Specialist to manage fed wires, SWIFT messages, and related reconciliations. The role requires careful data entry, verification against core systems, and coordination with branches to ensure accurate settlement and reporting.

The successful candidate will have a Bachelor's degree and 3–5 years of relevant banking experience, with strong attention to detail, reliability, and the ability to work in a collaborative office environment in NYC.

Qualifications

• Bachelor's degree in a related field with 3–5 years of experience.
• Ability to read and comprehend English instructions, memos, and reports.
• Experience with wire transfers, Fedline, and SWIFT messages preferred.
• Strong data entry and reconciliation skills in banking systems.

Responsibilities

• Record FED incoming/outgoing wires and reconcile with daily reports.
• Monitor Fed ending balances and reconcile with SCMS.
• Log wires with control numbers and prepare accounting vouchers.
• Process outgoing service messages in FED Line Advantage.
• Verify wire data against core systems before Retail/regions.
• Upload incoming/outgoing payments to Fedline Advantage and handle SWIFT messages.
• Reconcile USA USD account daily with NY Branch.
• Assist and support supervisor to meet department goals.

Skills

Reliability

Punctuality

Time management

Interpersonal skills

Data entry accuracy

Attention to detail

Education

Bachelor's degree

Tools

Fedline Advantage

Swift Alliance

SWIFT messages

FHLB 1Link

Job description

Summary/Objective: To perform duties related to the bank’s money transfer activities.

Essential Functions:

• Record FED incoming/outgoing wires in Fed monitoring worksheet; and counter check from the daily Fed funds transfer summary report.
• Monitor and record Fed ending balance and reconcile between SCMS.
• Record all incoming/outgoing wires with sequence control number in log books including writing up all related accounting entries vouchers;
• Handling funds transfer investigation and prepare outgoing service messages from all different departments in FED Line Advantage system.
• Check the output of the data entries in core system.
• Verify the wire-in customer information from core system before passing to Retail Branch and other regions.
• Confirm the total amount of all incoming funds from correspondents to counter control the appropriated dollar amount generating through our settlement account before 5pm.
• Upload all Outgoing payments to Fedline Advantage system (payments and inquires for all branches).
• Ensure all funds transfer related payment orders were effected and properly signed.
• Record and process all incoming/outgoing SWIFT messages.
• Deliver incoming swift messages to addressees.
• Upload daily FX rates and forward the rates to branches.
• Work with Treasury and branch for exchange rate against incoming FX funds. Input and release outgoing FX funds in Swift Alliance.
• Process Visa, Unionpay and CDARs settlements
• Daily reconciliation of The Bank’s USA USD account with The Bank’s New York Branch.
• Information reporting and initiate transactions in FHLB’s 1Link.
• Contact user for wire transfer and maintaining test codes for FHLB.
• Backup for performing functions related to ACH transactions.
• Job rotation/cross training with other staff.
• Filing.
• Train back-up personnel.
• Performs other related duties and assignments as required.
• Assist and support manager to achieve departmental and bank's goal.

In order to perform the job successfully, an individual should demonstrate the following competencies:

• Reliability and Punctuality
• Time Management
• Interpersonal Skills
• Ability to perform services in person from a Bank office or branch to, among other things, access the Bank’s computer systems and engage in an interactive environment with co-workers.

Supervisory Responsibility:

Responsible for the overall direction, coordination, and evaluation of these the Department. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws.

Physical Demands:

This is largely a sedentary role, requiring use of typical office equipment such as a computer, laptop and cell phone. Work is completed in person in an office environment. Walking around the office and talking to employees and supervisors is also required.

Appropriate reasonable accommodations that do not cause undue hardship will be made to enable qualifying individuals with disabilities to perform the essential functions of the job.

Required Education and Experience:

Bachelor's degree (B. A. or B. S.) from four-year college or university. Three to five years of related experience and/or training.

Equivalent combination of education and experience.

Additional Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Language/Communication Skills:

Ability to read and comprehend simple English instructions, short correspondence, and memos. Ability to write simple routine reports and correspondence. Able to speak effectively before employees of organization.

Other Duties:

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice. It is understood and agreed that the employee may be required to perform additional duties as assigned by the employee’s supervisor or Manager.

Owns the risks they take and are responsible and accountable for ongoing management of risks, including the identifying, measuring, monitoring, assessing (self-assessment) and reporting risk exposure proactively to senior management.