Deposit Operations Manager

Waldo State Bank; Wisconsin; Hybrid; USD 65,000 - 95,000; Full time

Benefits offered by this job

401(k)

401(k) Matching

Employee Assistance Program

Health Insurance

Health Savings Account

Life Insurance

Paid Time Off

Retirement Plan

Tuition Reimbursement

Vision Insurance

Job summary

Waldo State Bank in Wisconsin seeks a Deposit Operations Manager to lead the deposits team, including the Personal Banker Manager and Personal Bankers, and to oversee consumer and commercial account operations.

The role emphasizes leadership, regulatory compliance, and collaboration with Compliance and Audit teams to ensure robust internal controls and service excellence within the community bank setting.

Qualifications

• Education: College level degree or certification.
• Experience: 3-5 years in Deposit Operations Manager position or related position.
• Commitment to work-life balance and positive culture within the bank.
• Strong interpersonal and communication skills for an open, authentic environment.
• Represent and promote the bank in the community through events and philanthropic opportunities.
• Attention to detail, time management, and problem solving in unique situations.

Responsibilities

• Provide leadership to the Personal Banker Manager and Personal Bankers, including hiring, training, and development of the deposits staff.
• Oversee deposit operations including consumer and commercial account opening and maintenance, teller processing, and related products.
• Assist with implementation and testing of new products related to deposit operations.
• Research, compile, and prepare reports for management.
• Collaborate with Compliance and Audit Teams to ensure regulatory requirements are met.
• Ensure adherence to banking regulations such as Funds Availability, Truth in Savings, BSA/AML, CIP, OFAC, etc.

Skills

Leadership

Interpersonal Skills

Time Management

Regulatory Compliance

Staff Development

Education

College degree or certification

Job description

This position is responsible for managing deposit operations, the Personal Banker Manager, and Personal Bankers.

Benefits Include:

• 401(k)
• 401(k) Matching
• Employee Assistance Program
• Health Insurance
• Health Savings Account
• Life Insurance
• Paid Time Off
• Retirement Plan
• Tuition Reimbursement
• Vision Insurance

Job Requirements

Education: College level degree or certification

Experience: 3-5 years in Deposit Operations Manager position or related position

Belief and promotion of a work-life balance and positive culture within the bank

Exhibit excellent interpersonal and communication skills, providing an environment of open and authentic communication

Represent and promote the bank within the community through participation in bank sponsored events, philanthropic opportunities and civic events

Excellent attention to detail, time management skills, and problem solving in unique situations

Provide leadership to the Personal Banker Manager and Personal Bankers including assisting with hiring, training, and development of the deposits staff

A working knowledge of both consumer and commercial account opening, maintenance of accounts, teller processing, and associated products

Knowledge in IRA and HSA accounts

ACH experience or certification is recommended

Assist with implementation and testing of new products related to deposit operations

Research, compile, and prepare reports for management

Work with the Compliance Team to ensure deposit operation procedures and internal controls are following regulatory requirements

Ensure compliance with banking regulations including, but not limited to, Funds Availability, Truth in Savings, Electronic Funds Transfer, Privacy, BSA/AML, USA Patriot Act (CIP), OFAC, etc.

Collaborate with the Audit Team for audits and exams related to deposit operations

Waldo State bank is proud to be an equal opportunity workplace and is an affirmative action employer. We are committed to equal employment opportunityregardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, or Veteran status.