Payments Operations Specialist - ACH & Wires

Varo Bank; San Francisco (CA); On-site; USD 90,000 - 140,000; Full time

Job summary

Varo Bank is seeking a Payment Operations Analyst to manage primary payment channels and develop scalable operational solutions. The role focuses on ACH activity, wires, and reconciliation to ensure accurate posting and customer issue remediation, supporting the Core Banking system updates and collaborating with cross-functional teams.

The successful candidate will have 5+ years in financial services, strong regulatory knowledge, and a detail-oriented, independent work style.

Qualifications

• Five+ years of experience in financial services, in payment processing (ACH/Wires/Card) and/or treasury management functions.
• Extensive knowledge of bank policy, procedures, products and regulations, including Reg E.
• Detail-oriented with strong organizational/implementation skills.
• Ability to adapt to fast-paced and rapid changes.
• Bachelor’s degree or equivalent in a treasury operations environment.
• AAP/CTP certification is a plus.

Responsibilities

• Monitor ACH activity: file origination, receiving, processing and reconciling.
• Post to internal accounts accurately and timely.
• Validate and balance ACH posting to the Federal Reserve account.
• Process and reconcile incoming and outgoing wire transfers.
• Reconcile multiple vendor partners and correspondent banks.
• Monitor cash balances and daily cash position.
• Provide ad hoc reporting and monitor ACH risk.
• Notify other financial institutions and internal teams for corrections.
• Establish and maintain files to limit bank liability.
• Collaborate with Core Banking system updates/testing.
• Assist the Manager in onboarding, training and mentoring teammates.
• Review and approve ACH entries and wire transfers.
• Review work by contractors and offshore teams.
• Provide second-level support to teammates and other teams.
• Other duties as assigned.

Skills

Payment processing

Treasury operations

Attention to detail

Regulatory knowledge

Independent work

Education

Bachelor’s degree or equivalent in treasury operations

AAP/CTP certification a plus

Job description

Varo Bank is seeking a Payment Operations Analyst to manage primary payment channels and develop scalable operational solutions. The role focuses on ACH activity, wires, and reconciliation to ensure accurate posting and customer issue remediation, supporting the Core Banking system updates and collaborating with cross-functional teams.

The successful candidate will have 5+ years in financial services, strong regulatory knowledge, and a detail-oriented, independent work style.