Deposit Operations Associate

Oakworth Capital Bank; Birmingham (AL); Remote; USD 80,000 - 100,000; Full time

Job summary

A leading bank is seeking a full-time Deposit Operations Associate to support clients and manage financial transactions. This role offers the flexibility to work remotely from various markets. Ideal candidates will have strong communication skills and relevant experience in deposit operations.

Benefits

Medical insurance

Vision insurance

401(k)

Paid maternity leave

Paid paternity leave

Disability insurance

Qualifications

• 1-3 years of Deposit Operations experience preferred.
• Excellent interpersonal and communication skills.

Responsibilities

• Coordinate operational functions and financial transactions.
• Monitor fraudulent activity and provide client service support.
• Reconcile multiple internal accounts.

Skills

Interpersonal Skills

Communication

Professionalism

Education

Associate's degree

Job description

Direct message the job poster from Oakworth Capital Bank

Oakworth Capital Bank is expanding and has an excellent opportunity for someone to join our team as a full-time Deposit Operations Associate. This role is crucial in supporting our current & future clients.This associate has the opportunity to work remotely from any of our existing markets: Birmingham, AL, Mobile, AL, Brentwood, TN, Charlotte, NC. An ideal candidate would meet the qualifications listed below, and more importantly, be able to demonstrate that they live by Oakworth Core Values (Golden Rule, Character, Innovative Spirit, Professionalism, Work Ethic).

Responsibilities and duties:

Responsible for the coordination and execution of operational functions and financial transactions to meet compliance and regulatory guidelines for ACH files, Deposit Accounts, CD’s and IRA’s. Provides direct support to internal and external clients.

Key Roles/Responsibilities:

• Deliver timely and accurate processing of real time transactions which includes Wires, ACH’s, and online transfers. This allows our clients the ability to have immediate access to funds.
• Monitor fraudulent activity on accounts by examining system-generated reports and other exception processing modules. We are committed to keeping our clients accounts protected from fraudulent transactions that can be detected.
• Provide fast and efficient client service support by assisting with various posting errors on Branch Capture, Mobile Deposit, and Incoming Cashletters.
• Responsible for maintaining and reconciling multiple internal DDA and GL accounts.
• Assist our clients with timely services on foreign related items which includes buying and selling multiple foreign currencies, sending and receiving foreign wires, and processing foreign cash letters.

Responsibility Details:

• Responsible for input and review of Outgoing and Incoming Wire Transfers. Reconciles wires to the correspondent bank account to ensure wires are processed.
• Process ACH origination files and balance corresponding accounts. Run OFAC scan on ACH Incoming and Outgoing Files. Research and post incoming returns and submit outgoing returns. Process DNE entries and Reclamations.
• Responsible for daily reconcilement of correspondent account, tellers, vaults and operational general ledger accounts to include research and correcting differences as needed. Complete monthly reconcilements of additional related general ledger accounts and provide supporting documentation.
• Responsible for monitoring and resolving non-post, stop pays, positive pay and NSF items.
• Receive, submit and track EFT Disputes for debit card and ACH transactions and maintain required documentation in accordance with Regulation E.
• Process Check Adjustments for incoming and outgoing items.
• Process chargeback’s of incoming check returns and initiate outgoing check returns in accordance with regulation requirements.
• Process remittance of funds and reporting of IOLTA interest to the appropriate law foundation.
• Submit foreign items for collection and backup to processing proof items daily.
• Provide backup support for online banking, debit cards, and remote deposit capture.

Qualifications and Skills:

• Associate's degree (A. A.) or equivalent from a two-year college or technical school.
• Minimum of 1-3 years of Deposit Operations experience preferred, or 2 years related experience.
• Excellent interpersonal skills, as well as written and verbal communication skills.
• Demonstrates a high level of professionalism with confidential and sensitive information.

Oakworth has been recognized as a Best Bank to Work For by American Banker Magazine for the last eight years, with six of those holding the top spot & ranking #2 in 2024. To learn more about our story and what makes Oakworth unique, visit https://www.oakworth.com/.

If you are interested in this excellent opportunity, please send your resume to [e-mail].

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance

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Inferred from the description for this job

Medical insurance

Vision insurance

401(k)

Paid maternity leave

Paid paternity leave

Disability insurance

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