IRA & HSA Operations Lead | Compliance & Training

Vista Bank; Kansas City (MO); Hybrid; USD 65,000 - 90,000; Full time

Benefits offered by this job

Insurance

401k

Stock purchase plan

Paid time off

Employee banking perks

Job summary

NBH Bank is seeking an IRA Administrator to lead the IRA & HSA Support Specialist and manage IRA/ESA products with a focus on reporting accuracy and IRS compliance. You will ensure documentation retention, amendments, and branch training while maintaining meticulous IRA records and performing accurate monthly reconciliations for withholding.

The role requires 5+ years of banking experience with IRA expertise and supervisory background, plus a strong emphasis on regulatory compliance, BSA/OFAC,

Qualifications

• Associate’s Degree or equivalent combination of education and work related experience
• Minimum of 5 years of relevant banking experience, with a working knowledge of IRAs.
• Minimum of 5 years of supervisory experience

Responsibilities

• As a IRA Administrator, you will supervise the IRA & HSA Support Specialist, and administer the bank’s IRA & ESA products, including review of reporting, IRS compliance for documentation, retention, amendment process, and IRA branch training.
• You will be responsible for a variety of tasks including maintaining IRA files for recordkeeping and retrievability, review IRA reports, logs, report branch exceptions, IRA Account files and forms for accuracy, research and resolve out of balance conditions, communicate IRA changes including required minimum distribution guidelines, and be responsible for the monthly reconciliation of all internal accounts used for the purpose of State and Federal withholding.
• Additionally, the IRA Administrator will collaborate with other departments and associates in a professional and cooperative manner, conduct IRA training at least annually to all applicable associates, and are expected to and build a great rapport with clients and fellow associates, and treat others with respect and consideration regardless of their status or position.
• All associates are expected to maintain current knowledge and consistent compliance with regulations and bank policies and procedures related to the position, including but not limited to Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) requirements.

Skills

Attention to detail

Communication skills

Analytical skills

Organizational skills

MS Office proficiency

Time management

Education

Associate’s Degree or equivalent

Bachelor’s Degree

CISP certification

Job description

It starts with our culture ...

Common sense has never been common.

If it were, the world would be a different place. Things would run smoothly and on time. People would do what they say and say what they do. Everything would be fair, without all the small talk. And banks would only sell you what you need. When a banker looked at a client, they wouldn’t just see a number, they’d see a dad or a mom or a graduate or a business owner. Our Bankers understand the complexities of people’s lives and offer simple solutions.

That's the basics of Relationships. Fairness. Simplicity®. When you choose our Company, you have an opportunity to make an impact beyond the walls of our buildings.

We have a long-standing commitment to Equity, Diversity and Inclusion. Through our banking relationships, investing, grants, and volunteerism, NBH Bank promotes the growth, revitalization and sustainability of the communities we serve. We believe that these are important elements in building and sustaining a successful organization and a positive, results-driven culture. We strive for all of our associates to feel welcome and empowered at work.

The duties of this job require a high degree of specialized expertise and skill in maintaining established standards of quality and accuracy. Drive, determination and a self-disciplined approach to achieving results that meet these established criteria are necessary for successful job performance. The job environment is structured and job expectations are clear. While the pace of the work is faster than average, quality is never compromised. The focus of communication and organizational relationships is based on technical expertise. The work requires specialized technical problem solving and ingenuity while working within approved organizational systems and technology, and the demonstration of the values of integrity, quality and caution. New ideas and concepts are also important but will be carefully analyzed and tested before communication and adoption. If the job involves managing others, there is a need for someone who can exercise the necessary authority to assure policies and procedures are followed and time frames are met. At the same time, it will be necessary to give subordinates structured opportunity to develop their own expertise and capability for quality work to assure effective delegation and shared responsibility for work output. It is expected that coaching and training support for achieving effective delegation will be required. The position encompasses a defined span of control and opportunity for someone who engenders trust, demonstrates a sense of urgency and assures consistent achievement of quality standards. The work requires making decisions that support company guidelines authoritatively and quickly.

As an IRA Administrator, you will supervise the IRA & HSA Support Specialist, and administer the bank’s IRA & ESA products, including review of reporting, IRS compliance for documentation, retention, amendment process, and IRA branch training. You will be responsible for a variety of tasks including maintaining IRA files for recordkeeping and retrievability, review IRA reports, logs, report branch exceptions, IRA Account files and forms for accuracy, research and resolve out of balance conditions, communicate IRA changes including required minimum distribution guidelines, and be responsible for the monthly reconciliation of all internal accounts used for the purpose of State and Federal withholding. Additionally, the IRA Administrator will collaborate with other departments and associates in a professional and cooperative manner, conduct IRA training at least annually to all applicable associates, and are expected to and build a great rapport with clients and fellow associates, and treat others with respect and consideration regardless of their status or position.

All associates are expected to maintain current knowledge and consistent compliance with regulations and bank policies and procedures related to the position, including but not limited to Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) requirements.

Minimum Requirements: To be considered for this position, you must possess the following qualifications.

• Associate’s Degree or equivalent combination of education and work related experience
• Minimum of 5 years of relevant banking experience, with a working knowledge of IRAs.
• Minimum of 5 years of supervisory experience

Desired Qualifications: To be considered an ideal candidate, you should possess some of the following qualifications:

• Bachelor’s Degree
• Minimum of 7 years of relevant banking experience with an emphasis in tax reporting and bank regulations, and a strong background in IRAs.
• CISP certification

Skills and Abilities:Below is a general list of desired skills and abilities; this is not an exhaustive list.

• 10 key skills, with attention to accuracy and detail.
• Good communication skills
• Well-developed analytical and organizational skills.
• Intermediate computer skills in MS Office applications, to include Outlook, Word, Excel and PowerPoint.
• Ability to set priorities, multi-task and meet assigned deadlines.

Work Environment:

We are a culture that believes that people are our greatest asset and are at the heart of everything we do. We take pride in bringing clarity and simplicity to our associates (employees) and clients. Our decisions are made efficiently, fairly, and locally. Our success is directly tied to the communities we serve. It is equally important for us to look through the lens of our applicants and associates to identify their individual needs. As such, we want to share the following:

• We are committed to our core value of meritocracy and supporting our associates in growing within their role
• When completing certain tasks, an associate may need to be able to grasp, push, pull, lift, bend, raise and hold hands and arms overhead.

• Office setting with traditional hours.
• Standing for extended periods of time (typically no longer than 8 hours).
• Must be able to work at a rapid pace for long periods of time (typically no longer than 8 hours).
• Must be able to work overtime to the extent necessary.
• Must be able to travel – estimated at 5% to 10% of the time.

Benefits:

In addition to your financial compensation, we also offer a generous benefits package that includes insurance, 401k, an associate stock purchase program, paid time off, associate banking perks. For more information about the benefits offered click here.

If this is what you believe in, then you’re definitely right for us. Consider making an investment in us, so that we may invest in you and your bright future.