Correspondent Banking Specialist

Quad-City-Bank-; Davenport (IA); On-site; USD 55,000 - 75,000; Full time

Job summary

Quad City Bank & Trust is seeking a Correspondent Banking Specialist to administer the daily operations of the correspondent banking department and manage the daily cash position for all correspondent banks, ensuring the highest level of client service.

This role emphasizes accuracy, balance functions, report preparation, and collaboration with various teams, while supporting policy development and continuous process improvements within the department.

Qualifications

• Two years of banking experience in banking operations or related area.
• Excellent verbal, written and interpersonal communication skills.
• Advanced computer knowledge with Excel and Word.
• Self-motivated with the ability to work independently.
• High level of accuracy and attention to detail.

Responsibilities

• Perform daily balancing functions for correspondent clients including general ledger balancing, wire transfers, currency & coin, processing daily entries, problem research and resolution.
• Coordinate overnight investment decisions.
• Meet all critical deadlines as dictated by upstream correspondent banks, system-related cut-offs, downstream correspondent bank expectations, etc.
• Assist with preparation of various reports and audit requests, as well as researching trends to ensure accuracy of documentation.
• Collaborate on the development and maintenance of policies and procedures within the correspondent banking department, focusing on continuous process improvements and automating daily procedures.
• Maintain a working knowledge of the financial industry, product offerings and current issues that impact our correspondent banks and the services they require.
• Maintain a professional relationship with all bank clients.
• Collaborate with a variety of individuals and teams in a constructive and professional manner.
• Comply with all company or regulatory policies, procedures and requirements that are applicable to this position.
• Foster and preserve a culture of inclusion.
• Additional duties and responsibilities may be required to support the company’s mission, vision and values.

Skills

Verbal and written communication

Interpersonal communication

Self-motivation

Independent work

Attention to detail

Accuracy

Education

High school diploma or equivalent

Tools

Microsoft Excel

Microsoft Word

Job description

Description

TITLE: Correspondent Banking Specialist

DEPARTMENT: 940 – Correspondent Banking

JOB SUMMARY:

The Correspondent Banking Specialist is responsible for administering the daily operational activity of the correspondent banking department. This position will manage the daily cash position for all correspondent banks and provide support the correspondent banking team, ensuring highest level of client service.

ESSENTIAL FUNCTIONS:

• Perform daily balancing functions for correspondent clients including general ledger balancing, wire transfers, currency & coin, processing daily entries, problem research and resolution.
• Coordinate overnight investment decisions.
• Meet all critical deadlines as dictated by upstream correspondent banks, system-related cut-offs, downstream correspondent bank expectations, etc., paying close attention to details and accuracy on all transactions.
• Assist with preparation of various reports and audit requests, as well as researching trends to ensure accuracy of documentation.
• Collaborate on the development and maintenance of policies and procedures within the correspondent banking department, focusing on continuous process improvements and automating daily procedures.
• Maintain a working knowledge of the financial industry, product offerings and current issues that impact our correspondent banks and the services they require.
• Maintain a professional relationship with all bank clients.
• Collaborate with a variety of individuals and teams in a constructive and professional manner.
• Comply with all company or regulatory policies, procedures and requirements that are applicable to this position.
• Foster and preserve a culture of inclusion.
• Additional duties and responsibilities may be required to support the company’s mission, vision and values.

QUALIFICATIONS:

• High school diploma or equivalent.
• Two years of banking experience in banking operations or related area required.
• Excellent verbal, written and interpersonal communication skills.
• Advanced computer knowledge with emphasis on Microsoft Excel and Word.
• Self-motivated with the ability to work independently.
• High level of accuracy and attention to detail.

WORKING CONDITIONS:

• Duties are performed in a professional office environment.

At Quad City Bank & Trust. we are committed to fostering and preserving a culture of inclusion and strongly believe that it's our differences - of all kinds - that make our company and our communities better and stronger.

Quad City Bank & Trust is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, or other protected class status.

It is the policy of Quad City Bank & Trust. to comply with the Americans with Disabilities Act by providing reasonable accommodations to enable qualified individuals with disabilities to access the job application and interview process, to perform the essential functions of the job, and to receive equal access to other benefits and privileges of employment.