Wire Transfers Operations Analyst

Socket.dev; Birmingham (AL); On-site; USD 55,000 - 73,000; Full time

Job summary

ServisFirst Bank is seeking a Wires Analyst to process incoming and outgoing wire transfers, research inquiries, and ensure compliance with security procedures. The role emphasizes accuracy, risk controls, and adherence to BSA/AML guidelines.

You will review documentation, authenticate wires with originators, monitor for potential fraud, verify OFAC matches, and prepare reports to support daily operations and compliance. Strong analytical and communication skills are essential.

Qualifications

• 4 Year degree in Business or related or Three (3) years of related experience in Banking Operations, demonstrating progressive growth.
• Experience using Microsoft Outlook, Word and Excel.
• Knowledge of Bank operations and products.
• Knowledge of the unclaimed property laws of the states in which we do business and insure that all requirements are met.
• Knowledge of basic accounting, as demonstrated in previous experience reviewing account information to research and monitor accounts.
• Excellent customer service experience, including researching and resolving issues.
• Excellent analytical, time management, organizational and problem-solving skills with the ability to multi-task and produce error-free work in a deadline-driven environment.
• Basic knowledge of related federal and state banking compliance regulations and other Bank operational policies.
• Experience with SWIFT messaging system preferred.

Responsibilities

• Review wire documentation for completeness and accuracy, ensuring all wires have been properly authorized by working with other departments to authenticate wires with the originator.
• Follow security and operational control procedures for the wire transfer systems.
• Ensure all outgoing wires are processed within the established wire procedures and controls.
• Closely monitor all outgoing wires for potential fraud.
• Notify potential suspicious activity to the BSA/AML Officer.
• Adhere to bank policies and procedures regarding risk of wires received through online banking platform.
• Verify customers through OFAC for possible suspect matches.
• Reconcile wire systems at the end of the day to ensure accuracy of balances and posting of wires.
• Complete online wire set ups as follows: set-up customer wire templates, customer call-back verification agreements, and wire notification by e-mail or fax.
• Review ACH reports received from online customers and place holds on customer accounts in a timely manner.
• Prepare various spreadsheet and database reports according to prescribed schedules and procedures.
• Responsible for being familiar with all compliance regulations and policies that are applicable to this position and follow and ensure compliance with these regulations and policies

Skills

Analytical skills

Customer service

Time management

Problem-solving

Multi-tasking

Education

Bachelor's degree in Business or related

Tools

Microsoft Outlook

Microsoft Word

Microsoft Excel

SWIFT messaging system

Job description

ServisFirst Bank is seeking a Wires Analyst to process incoming and outgoing wire transfers, research inquiries, and ensure compliance with security procedures. The role emphasizes accuracy, risk controls, and adherence to BSA/AML guidelines.

You will review documentation, authenticate wires with originators, monitor for potential fraud, verify OFAC matches, and prepare reports to support daily operations and compliance. Strong analytical and communication skills are essential.