Correspondent Banking Specialist

QCR Holdings, Inc.; Davenport, Northern (IA, KY); Hybrid; USD 40,000 - 60,000; Full time

Job summary

Quad City Bank & Trust is seeking a Correspondent Banking Specialist to manage daily operational activity for the correspondent banking department and oversee daily cash positions for all correspondent banks, ensuring top-tier client service.

The role requires at least a high school diploma and two years in banking operations, with strong Excel/Word skills and a high attention to detail. It offers a professional office environment within Quad City Bank & Trust.

Qualifications

• High school diploma or equivalent.
• 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

• Balance daily 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 dictated by upstream banks and system cut-offs with precision.
• Assist with reports and audit requests and analyze documentation trends.
• Support policy development and automate daily procedures in the department.
• Maintain knowledge of financial products and current issues affecting correspondent banks.
• Maintain professional relationships with bank clients.
• Collaborate across teams in a constructive and professional manner.
• Adhere to company and regulatory policies and preserve an inclusive culture.
• Perform additional duties to support the company’s mission and values.

Skills

Communication skills

Independent work

Attention to detail

Education

High school diploma or equivalent

Tools

Excel

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.