Union Bank And Trust Company
Bank Operations Specialist III
Union Bank And Trust Company, Minneapolis, Minnesota, United States, 55400
Objectives of this Role:
Perform daily bank operations tasks according to the Daily Operations Checklist as defined below under responsibilities
Provide both internal and external client service at the highest standards
Work in collaboration with the VP of Operations and CFO/COO on the movement of funds as needed to cover liquidity needs of Fedline and UBB correspondent accounts
Train and provide support to other operational staff
Crosstrain in other related departments as needed
Responsibilities – Daily, Monthly, Quarterly, or Annually
Process wires, ACH transactions, returned checks, internal transfers, reconciliations, sweep accounts, dormant account exceptions, negotiable instrument reconciliations, etc.
Fed Funds/Cash settlement, including cash letter adjustments
Create core processor tickets for resolution of operational processing incidents
Maintain and process transactions at correspondent bank, including reconciliation and research of discrepancies
Monthly FHLB statement reconciliation
Process bond portfolio entries
Process exception items, including chargebacks, overdrafts, non‑posts, returns, stop payments, etc.
Monitor and remittance of IOLTA accounts
Review, understand, and distribute daily reports and notices
Perform OFAC checks when required
Education, Skills and Qualifications
Minimum of a high school degree. Associate or bachelor’s degree preferred, but not required. The equivalent of education & experience in banking and other financial services may be acceptable.
Knowledge of general banking principles, bank operations, compliance, general ledger accounts, and online banking
FiServ Premier core processing experience preferred
Teller experience desired, specifically Integrated Teller
Knowledge of UMACHA and NACHA rules and regulations
Knowledge of required regulations involving bank operations, including Reg E, Reg CC, BSA/AML, Reg D, etc.
Ability to research, problem solve, resolve, and reconcile out-of-balance accounts
Aptitude for learning and the ability to maintain continued education requirements
Accredited ACH Specialist designation preferred, but not required. The ability and willingness to become certified in the future is desired.
Ability to work in collaboration with all operational staff as well as other departments
Strict adherence to compliance and all internal procedures for transactions
Helpful, courteous attitude
High attention to detail required
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Perform daily bank operations tasks according to the Daily Operations Checklist as defined below under responsibilities
Provide both internal and external client service at the highest standards
Work in collaboration with the VP of Operations and CFO/COO on the movement of funds as needed to cover liquidity needs of Fedline and UBB correspondent accounts
Train and provide support to other operational staff
Crosstrain in other related departments as needed
Responsibilities – Daily, Monthly, Quarterly, or Annually
Process wires, ACH transactions, returned checks, internal transfers, reconciliations, sweep accounts, dormant account exceptions, negotiable instrument reconciliations, etc.
Fed Funds/Cash settlement, including cash letter adjustments
Create core processor tickets for resolution of operational processing incidents
Maintain and process transactions at correspondent bank, including reconciliation and research of discrepancies
Monthly FHLB statement reconciliation
Process bond portfolio entries
Process exception items, including chargebacks, overdrafts, non‑posts, returns, stop payments, etc.
Monitor and remittance of IOLTA accounts
Review, understand, and distribute daily reports and notices
Perform OFAC checks when required
Education, Skills and Qualifications
Minimum of a high school degree. Associate or bachelor’s degree preferred, but not required. The equivalent of education & experience in banking and other financial services may be acceptable.
Knowledge of general banking principles, bank operations, compliance, general ledger accounts, and online banking
FiServ Premier core processing experience preferred
Teller experience desired, specifically Integrated Teller
Knowledge of UMACHA and NACHA rules and regulations
Knowledge of required regulations involving bank operations, including Reg E, Reg CC, BSA/AML, Reg D, etc.
Ability to research, problem solve, resolve, and reconcile out-of-balance accounts
Aptitude for learning and the ability to maintain continued education requirements
Accredited ACH Specialist designation preferred, but not required. The ability and willingness to become certified in the future is desired.
Ability to work in collaboration with all operational staff as well as other departments
Strict adherence to compliance and all internal procedures for transactions
Helpful, courteous attitude
High attention to detail required
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