Deposit Operations Manager

Minnesota Bankers Association; Winona (MN); On-site; USD 70,000 - 90,000; Full time

Benefits offered by this job

Health, dental, life, disability and vision insurance

Flexible spending accounts

401(k) and ESOP retirement plans

Bonus plan

Paid time off

Tuition reimbursement

Variety of voluntary supplemental insurance options

Job summary

A community bank in Winona is seeking a Deposit Operations Manager to oversee operations functions, ensuring accuracy, efficiency, and compliance of deposit services. The role requires 5+ years in banking operations, including supervisory experience, as well as strong problem-solving and communication skills. Benefits include health insurance, retirement plans, and more. This position fosters accountability, service excellence, and compliance standards.

Qualifications

• 5+ years of progressive experience in banking operations required.
• At least 3 years as a supervisor desired.
• Ability to identify and implement process improvements.

Responsibilities

• Oversee deposit operations functions for accuracy and efficiency.
• Develop and maintain operational policies and procedures.
• Provide coaching and development for department staff.

Skills

Problem-solving skills

Analytical skills

Excellent communication skills

Team leadership

Education

Bachelor’s degree in Finance, Business Administration, Accounting or related field

Job description

Deposit Operations Manager

Merchants Bank

102 E 3rd Street, Winona, MN 55987

Job Description

Merchants Bank, Winona, has an opening for a Deposit Operations Manager.

The position oversees Deposit Operations functions, ensuring the accuracy, efficiency, and compliance of the bank’s deposit services.

• Electronic banking
• ACH origination
• Overdraft/NSF processing
• Deposit account maintenance
• Vault and ATM management

The role will develop and maintain operational policies and procedures, improving efficiency through automation and technology, and ensuring strong internal controls. Provides daily oversight, coaching, and development for department staff, serving as back‑up support. The position fosters a culture of accountability, accuracy, and service excellence while ensuring regulatory compliance and superior support to both internal and external customers.

Qualifications

• 5+ years of progressive experience in banking operations required with at least 3 years as a supervisor desired.
• A Bachelor’s degree in Finance, Business Administration, Accounting or related field preferred.
• Must have strong problem‑solving and analytical skills and the ability to identify and implement process improvements.
• Excellent communication skills and proven ability to lead a team required.

Benefits

• Health, dental, life, disability and vision insurance
• Flexible spending accounts
• 401(k) and ESOP retirement plans
• Bonus plan
• Paid time off
• Tuition reimbursement
• Variety of voluntary supplemental insurance options

How to Apply

Please apply online at www.merchantsbank.com/careers or in person at Merchants Bank, Winona (102 E 3rd Street). Questions can be emailed to [e-mail].

EEO Statement

Merchants Bank is an Equal Opportunity Employer of women, minorities, protected veterans and individuals with disabilities.

Job Number / Date Added

MBA Job number/Date Added

H-8085: 12/31/25