VP of Payments & Operations Leader

Lake Elmo Bank; Lake Elmo (MN); On-site; USD 100,000 - 130,000; Full time

Benefits offered by this job

Medical

Dental

Vision

Life Insurance

Long Term Disability

Floating Holidays

Vacation & Sick Time

401(k)

Employee Stock Ownership Plan

Job summary

Lake Elmo Bank in Lake Elmo, MN seeks a Vice President, Operations Manager to lead payment and transaction processing, ensuring secure and efficient cash management. This on-site role oversees ACH, wires, lockbox, Positive Pay and related services while collaborating across departments.

The ideal candidate has significant banking ops experience, strong knowledge of ACH/wire processing, and a track record of managing teams and major implementations.

Qualifications

• Significant banking operations experience with progressively increasing responsibility.
• Strong working knowledge of ACH, wire transfers, deposit/payment processing, exception handling, and commercial cash management services.
• Experience managing operational teams, processes, systems, or major implementations.
• Preferred professional certifications/accreditations: AAP – Accredited ACH Professional; APRP – Accredited Payments Risk Professional; NCP – National Check Professional; AFPP – Accredited Faster Payments Professional.

Responsibilities

• Operational Risk & Controls: Maintain payment-processing controls, authorization, segregation of duties, verification, and transaction limits.
• Cash Management Operations: Oversee ACH, online and manual wires, Positive Pay, ACH block/filter services, Lockbox, and related services.
• ACH Operations: Lead ACH receiving and origination, including files, returns, notices of change, reversals, and settlement.
• Wire Operations: Oversee domestic and international wires, including authentication, verification, approval, release, reconciliation, and exceptions.
• Reconciliation & Exception Management: Oversee balancing and resolution of aged items and errors.
• Project Implementation & Process Improvement: Lead payments/operational product implementations and upgrades.
• Vendor & System Management: Coordinate with vendors/IT to improve automation and controls.
• Leadership & Team Development: Coach staff, set standards, ensure cross-training and accountability.

Skills

Payment risk & controls

Process improvement

Analysis & project management

Collaboration

Communication

Education

AAP – Accredited ACH Professional

APR P – Accredited Payments Risk Professional

NCP – National Check Professional

AFPP – Accredited Faster Payments Professional

Tools

Jack Henry

Job description

Lake Elmo Bank in Lake Elmo, MN seeks a Vice President, Operations Manager to lead payment and transaction processing, ensuring secure and efficient cash management. This on-site role oversees ACH, wires, lockbox, Positive Pay and related services while collaborating across departments.

The ideal candidate has significant banking ops experience, strong knowledge of ACH/wire processing, and a track record of managing teams and major implementations.