Senior Wire Specialist

Cathay Bank; Rosemead (CA); On-site; USD 39,000 - 44,000; Full time

Job summary

Cathay Bank is seeking a Senior Wire Specialist in California (Rosemead) to support the Wire Operations Manager in daily workflows, ensuring system integrity, compliance, and client satisfaction. The role handles outgoing and incoming wires, fraud monitoring, and documentation while coordinating with branches and correspondent banks.

Ideal candidates have at least 2 years of wire transfer experience, a college degree is preferred, and you must be meticulous with accuracy, typing speed, and

Qualifications

• College degree preferred but not required.
• Minimum of 2 years of wire transfer processing experience.
• PC proficient with typing 50 wpm and 10-key; accurate under time constraints.

Responsibilities

• Perform daily opening and end-of-day procedures on various wire systems.
• Prepare, input, verify, and release outgoing wires ensuring proper investigation.
• Monitor, review, release or report for fraud or suspicious activity (e.g., OFAC, fraud monitoring).
• Review and process incoming wires ensuring all exceptions are investigated and resolved.
• Ensure SWIFT statements (e.g., MT950, MT942) are generated and sent daily.
• Perform daily balancing of incoming and outgoing wires, including proper processing and posting.
• Maintain accurate documentation including daily production logs and tracer lists.
• Process wire investigations and returned wires, notifying branches/departments timely.
• Perform daily review of Consumer International wires for proper templates.
• Issue sub-test keys to branches and departments as necessary.
• Answer calls timely and reinforce client services with proper follow-through.
• Assist branches in resolving wire transfer inquiries and application usage support.
• Work with FCIU to assist with RMA setup for International Department.
• Ensure compliance with BSA and other applicable requirements.

Skills

Typing 50 wpm

10-key

Accuracy

Education

College degree preferred

Job description

People Drive Our Success

Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank – we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members’ drive and optimism. Together we can make a difference in the financial future of our communities.

What our team members are saying:

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GENERAL SUMMARY

Senior Wire Specialist will assist the Wire Operations Manager in handling daily operations workflow and branch support to maintain system integrity, compliance requirements, and client satisfaction. Responsible for following established policies and procedures regarding various fund transfer functions.

DIRECT REPORTS

The incumbent has no direct reports.

ESSENTIAL FUNCTIONS

• Perform daily opening and end-of-day procedures on various wire systems.
• Prepare, input, verify, and release outgoing wires ensuring that proper investigation is performed and resolved as needed.
• Monitor, review, release or report for fraud or suspicious activity (e.g., OFAC, fraud monitoring, etc.).
• Review and process incoming wires ensuring all exceptions are investigated and resolved accurately.
• Ensure SWIFT statements (e.g., MT950, MT942) are generated and sent daily.
• Perform daily balancing of incoming and outgoing wires, including proper processing, and posting.
• Maintain accurate documentation including but not limited to daily production logs, tracer, exempt list from FCIU.
• Process wire investigation and returned wires, including notifying branches/department timely.
• Perform daily review of Consumer International wires, ensuring the correct template for Dodd Frank wires are used.
• Issue sub-test key to branches and departments as necessary.
• Answer calls timely and reinforce superior client services along with appropriate follow-through with involved correspondent banks and internal team members.
• Assist branches and other departments in resolving wire transfer related inquiries and providing support on how to use the wire application.
• Work with FCIU team to assist with the setup of RMA for International Department.
• Ensure compliance with BSA and other compliance requirements as applicable to job function.

QUALIFICATIONS

Education:

• College degree preferred but not required.

Experience:

• Minimum of 2 years of wire transfer processing experience required. Banking experience preferred.

Skills/Ability:

• PC proficient with typing of 50 wpm and 10-key. A high level of accuracy, along with the ability to work under restricted time constraints, and to communicate effectively with the bank and correspondent bank personnel.

OTHER DETAILS

Pay Range: $28.00 - $32.00 / hour

Pay determined based on job-related knowledge, skills, experience, and location. This position may be eligible for a discretionary bonus.

Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our California Job Applicant Privacy Policy.

Cathay Bank is an Equal Opportunity and affirmatively Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.

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Cathay Bank endeavors to make www.CathayBank.com accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at [phone] or [e-mail]. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.