Fund Transfer Specialist

IDB Bank; New York (NY); Hybrid; USD 70,000 - 80,000; Full time

Benefits offered by this job

Hybrid schedule

Medical coverage

401(k) plan

Paid time off

Job summary

IDB Bank in New York is seeking a Funds Transfer Specialist to process domestic and international payments across currencies, verify and release transfers, and ensure compliance with bank policies.

The role requires 4+ years in funds transfer with knowledge of Fedwire, CHIPS, SWIFT, and FX payments, plus strong communication, multitasking, and MS Office skills. This is a hybrid position with competitive compensation.

Qualifications

• 4+ years of Funds Transfer experience with strong knowledge of Fedwire, Chips, Swift and FX payments.
• Ability to work under strict deadlines.
• Able to work effectively in a multi-task, high-volume environment.
• Excellent verbal and written communication skills.
• Adequate knowledge of MS Office: Word, Excel, Outlook and PowerPoint.
• eGifts experience is a plus.
• Spanish speaking is a plus.

Responsibilities

• Input, verify, and release incoming and outgoing domestic and international payments of various currencies and book transfers in accordance with policies and procedures.
• Ensure proper procedures are followed to minimize loss to the Bank, while maintaining quality service.
• Perform funds approval function prior to completing payments.
• Monitor payment processing functions inclusive of repair, approval, messaging, NFS, fraud, risk and investigations.
• Ensure Compliance regulations are being met.
• Handle any previous day transactions that have been returned.
• Perform research related to wire transfer investigations as requested by customers and business units.
• Provide exceptional customer service within departments of the Bank.
• Report any system or operational problems to the First Vice President.
• Perform end-of-day system maintenance and balancing.
• Perform Disaster Recovery, testing for projects and upgrades, and additional duties as assigned.
• Reports directly to the Operations Manager.

Skills

Funds transfer

Fedwire

Chips

Swift

FX payments

Deadline pressure

Multi-tasking

Communication skills

MS Office

eGifts

Spanish speaking

Job description

Funds Transfer Specialist

For more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first, and the success we've enjoyed fundamentally comes down to our people. Here at IDB, you'll work side by side with some of the most talented professionals in the industry who share a strong sense of teamwork and a passion for providing exceptional service down to the smallest detail. We offer a comprehensive benefits package that includes generous paid time off and the ability to participate in our medical coverage and 401(k) plan on your very first day with us. We are also committed to diversity and inclusion, and to providing all of our team members with an equal opportunity to succeed and make meaningful contributions within a work environment that is respectful, welcoming and inclusive.

Company Description

For more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first, and the success we've enjoyed fundamentally comes down to our people. Here at IDB, you'll work side by side with some of the most talented professionals in the industry who share a strong sense of teamwork and a passion for providing exceptional service down to the smallest detail. We offer a comprehensive benefits package that includes generous paid time off and the ability to participate in our medical coverage and 401(k) plan on your very first day with us. We are also committed to diversity and inclusion, and to providing all of our team members with an equal opportunity to succeed and make meaningful contributions within a work environment that is respectful, welcoming and inclusive.

Job Description

• Input, verify, and release incoming and outgoing domestic and international payments of various currencies and book transfers in accordance with policies and procedures.
• Ensure proper procedures are followed to minimize loss to the Bank, while maintaining quality service.
• Perform funds approval function prior to completing payments.
• Monitor payment processing functions inclusive of repair, approval, messaging, NFS, fraud, risk and investigations.
• Ensure Compliance regulations are being met.
• Handle any previous day transactions that have been returned.
• Perform research related to wire transfer investigations as requested by customers and business units.
• Provide exceptional customer service within departments of the Bank.
• Report any system or operational problems to the First Vice President.
• Perform end-of-day system maintenance and balancing.
• Perform Disaster Recovery, testing for projects and upgrades, and additional duties as assigned.
• Reports directly to the Operations Manager.

Qualifications

• 4+ years of Funds Transfer experience with strong knowledge of Fedwire, Chips, Swift and FX payments.
• Ability to work under strict deadlines.
• Able to work effectively in a multi-task, high-volume environment.
• Excellent verbal and written communication skills.
• Adequate knowledge of MS Office: Word, Excel, Outlook and PowerPoint.
• eGifts experience is a plus.
• Spanish speaking is a plus.

Compensation

The expected annual salary for this position is between $70,000 and $80,000 at the start of employment. A salary offer is determined on an individualized basis, taking into consideration factors such as an individual’s skills and experience. In addition to base salary, our total rewards package also includes eligibility for an annual bonus, medical, pharmacy, dental, and vision plans, life and disability insurance, employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave, and tuition reimbursement.

Additional Information

The Bank Will Make Reasonable Accommodations To The Following Employees To Allow Them To Perform The Essential Functions Of Their Position, Except Where Doing So Would Result In Undue Hardship To The Bank

• Those with a known mental or physical disability.
• Pregnant individuals and/or individuals with pregnancy or childbirth-related medical conditions.
• Victims of domestic violence, sex offenses or stalking.
• Employees with religious observance and practice obligations.

Any employee who believes he or she needs an accommodation for any of the above reasons should contact their supervisor or a member of Human Resources to request such an accommodation. In each case, the Bank will engage in a good faith written or oral dialogue concerning the individual’s accommodation needs, potential accommodations that may address the individual’s accommodation needs, including alternatives to a requested accommodation, and the difficulties that such potential accommodations may pose for the employer.

The Bank retains the ultimate discretion to choose the appropriate reasonable accommodation. Upon reaching a final determination at the conclusion of the cooperative dialogue, the Bank will provide the requesting individual with a written final determination identifying any accommodation granted or denied. In addition, the Bank will maintain any information regarding the employee’s request and status in the strictest confidence, except as requested by the employee, as required on a need-to-know basis or as otherwise required by law.

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

All your information will be kept confidential according to EEO guidelines.

We are operating on a Hybrid schedule.

IDB BANK, INCLUDING ITS SUBSIDIARIES AND DIVISIONS, PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, DISABILITY, GENETIC STATUS, CITIZENSHIP STATUS, MARITAL STATUS, MILITARY OR VETERAN STATUS, CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE AND LOCAL LAW. NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT. Kindly review our Privacy Notice and GLBA Consumer Privacy Notice.