Senior Specialist, ACH Risk

Valley National Bank; Clifton (NJ); On-site; USD 60,000 - 80,000; Full time

Job summary

Valley National Bank in Clifton, NJ, is looking for a dedicated professional to manage ACH transactions and risk assessments. You will review transactions for fraudulent activity, ensure compliance with regulations, and provide training to staff.

The ideal candidate will lead investigations into ACH disputes and stay updated on industry trends. This role requires strong communication skills and a commitment to maintaining high standards in ACH operations.

Responsibilities

• Review ACH transactions and reports to detect fraudulent activity.
• Conduct ACH risk assessments and audits for compliance.
• Apply ACH risk management strategies to minimize losses.
• Provide ACH risk advisory and training to staff and clients.
• Investigate and resolve ACH disputes and claims.
• Stay updated on trends and participate in industry forums.

Job description

Responsibilities include but are not limited to:

• Review ACH transactions and reports to detect and prevent fraudulent, suspicious, or erroneous activity.
• Conduct ACH risk assessments and audits to evaluate the bank's compliance with the ACH rules and regulations, as well as internal policies and procedures.
• Apply ACH risk management and mitigation strategies, policies, and procedures to minimize the bank's exposure to ACH losses and conduct ACH investigations and recovery.
• Provide ACH risk advisory and training to the bank's staff and clients and maintain effective communication with internal and external stakeholders.
• Investigate and resolve ACH disputes, claims, and exceptions, and coordinate with the ACH network, other financial institutions, and law enforcement agencies as needed.
• Keep abreast of the latest trends, developments, and best practices in the ACH industry, and participate in relevant forums and committees.