Electronic Funds Transfer Analyst

7 days ago

San Francisco, CA, United States Pacer Group Full time
Job Title: Electronic Funds Transfer Analyst
Job Location: San Francisco, CA 94104
Job Duration: 6 Months, Possibility of extension
Job Schedule: Work a hybrid schedule with in-office presence required Tuesday through Thursday

Job Summary:
  • For this position the candidate needs to demonstrates operations subject matter expertise (SME) with regards to responsibilities that include the execution and/or management for timely and accurate processing of transactions in the Operations Department.
  • The role may focus on resolution of complex problems/transactions where analytical skills are required to resolve.
  • Maintain controls to protect the Bank from risk and mitigate potential losses.
  • Ability to self-Identify, develop, and implement process improvements and/or take responsibility for Operations related project initiatives.
  • Provide exceptional customer service to members and business partners.
Key Responsibilities:
  • Cash Management - monitors, analyze, and reconciles the Bank's cash flow throughout the day to determine action needed to ensure the Bank's account is at a proper intraday and end of day balance position
  • Calculates the Bank's FRB position and communicates applicable information timely with business partner
  • Monitor members' transaction activities to ensure members have sufficient funds for wire drawdown requests
  • Accurately and timely process wire transfers and ACH transactions
  • Ensures the Bank is compliant with OFAC regulations in processing wire transfers and ACH transactions
  • Keep department's management abreast of issues. Reporting to include viable option to prevent reoccurrences
  • Identify and manage exceptions to resolution. Analyze data/processes to identify exception root causes, present and implement solutions as appropriate to mitigate risk
  • Document and update procedures in consideration of best practices and mitigation of risk
  • Reconcile daily/monthly/quarterly transactions, reporting, and certifications - research and resolve discrepancies
  • Collect and analyze data to compile into matrixes for further management reporting
  • Prepares and performs system testing.
  • Responsible for User Acceptance Testing (UAT) prior to installation of system updates/upgrades in production
  • Assist in the development and maintenance of the department's Business Resumption Plans.
  • Participates in annual testing
  • Respond to members' inquiries to ensure questions are answered appropriately and timely, while providing a high level of customer service
  • Process interfaced and manual Settlement Transaction Account (STA) transactions accurately, timely, and reconciles transactions to its general ledger
  • Maintain members' accounts - open, merge, and close accounts. Coordinate with Internal Business Partners, as needed
  • Respond to Members and Internal Business Partners' requests and questions pertaining to STA transactions, as needed
  • Complete Credit Audit Confirmation requests from members' external auditors timely and accurately
  • Process member signature cards - maintain authorized signors and respond to queries, as needed
  • Demonstrate subject matter expertise in multiple Bank Operations roles and responsibilities
  • Monthly - Maintain, update, and certify EUCs
  • Monthly - Assist in creating presentation materials for management meetings. Prepare reports and other presentations used in management meetings
  • Prepare compliance and regulatory reports, as needed for the department
  • Support department level initiatives, i.e., system upgrades, process improvements, and compliance requirement projects. Work closely with business units to ensure business requirements are captured and thoroughly tested
  • Assist with the development and maintenance of disaster recovery plans
  • Provide a high level of customer service with Members and Internal Business Partners
  • Perform other duties as assigned
Skills/Knowledge:
  • Bachelor's degree or equivalent 3+ years working experience in the Financial Industry; Bank operations experience in Electronic Funds Transfer
  • Working knowledge of wire transfer processing and data processing
  • Demonstrate the ability to think creatively and analytically to solve complex problems
  • Ability to work independently and within a team, manage multiple priorities while meeting deadlines
  • Ability to sustain a high degree of accuracy while understanding risk implications and maintaining necessary controls
  • Strong administrative and organizational skills to facilitate workflows while maintaining a high degree of accuracy and control
  • Extensive experience with data processing concepts
  • Must have excellent verbal and written communication skills and be customer service oriented
  • Detailed-oriented with the ability to independently prioritize and manage competing priorities, identify, and resolve issues with limited supervision
  • Strong MS Office knowledge, including intermediate to advance excel skills
  • Experience with data analysis a plus
Must have:
  • At least 3 years wire transfer experience
  • 5 years + Financial Institution experience
  • Excellent communication skills.

  • Analyst, Asset Transfers

    7 days ago

    San Francisco, CA, United States Jordan Park Group Full time

    Jordan Park provides investment management and financial advice to a distinct community of individuals, families, and institutions. Our clients have made extraordinary contributions to business, philanthropy, government, and society. Our team is composed of empathetic problem solvers with depth and diversity of experience. We embrace complexity and navigate...

  • Hedge Fund Investment Analyst

    16 hours ago

    San Francisco, CA, United States Callan Full time

    As a hedge fund investment analyst in Callan's Alternatives Consulting group, you will contribute to the investment capabilities of the hedge fund consulting team and work collaboratively with Callan's institutional clients and consultants to implement hedge fund/diversifier portfolios. Hedge fund and diversifier strategies include multi-strategy, long/short...

  • Funding Risk Analyst

    5 days ago

    San Francisco, CA, United States CHYM Full time

    About the Role We are looking for a risk analyst who is data-driven and has strong analytical & technical skills. In this role, you will work in the fraud risk team and will play a key role in evaluating , monitoring portfolio and mitigating losses (fraud and synthetic ID losses). You'll work closely with risk, data engineering, analytics, and finance teams,...

  • Senior Fund Administrator

    3 days ago

    San Francisco, CA, United States Bitwise Asset Management Full time

    It's rare that a new asset class is born. Nevertheless, we're witnessing exactly that with the rise of crypto. Over just the last few years, since Bitwise was founded, crypto has evolved from an embryonic $50B market to a growing $3T+ juggernaut. At Bitwise, we believe that crypto has reached a turning point, and is headed north of $10T over the next few...

  • Senior Fund Administrator

    2 weeks ago

    San Francisco, CA, United States Bitwise Asset Management Full time

    It's rare that a new asset class is born. Nevertheless, we're witnessing exactly that with the rise of crypto. Over just the last few years, since Bitwise was founded, crypto has evolved from an embryonic $50B market to a growing $3T+ juggernaut. At Bitwise, we believe that crypto has reached a turning point, and is headed north of $10T over the next few...

  • Senior Fund Administrator

    2 weeks ago

    San Francisco, CA, United States Bitwise Asset Management Full time

    It's rare that a new asset class is born. Nevertheless, we're witnessing exactly that with the rise of crypto. Over just the last few years, since Bitwise was founded, crypto has evolved from an embryonic $50B market to a growing $3T+ juggernaut. At Bitwise, we believe that crypto has reached a turning point, and is headed north of $10T over the next few...

  • Senior Fund Administrator

    5 days ago

    San Francisco, CA, United States Bitwise Asset Management Full time

    It's rare that a new asset class is born. Nevertheless, we're witnessing exactly that with the rise of crypto. Over just the last few years, since Bitwise was founded, crypto has evolved from an embryonic $50B market to a growing $3T+ juggernaut. At Bitwise, we believe that crypto has reached a turning point, and is headed north of $10T over the next few...

  • Senior Fund Administrator

    7 days ago

    San Francisco, CA, United States Bitwise Asset Management Full time

    It's rare that a new asset class is born. Nevertheless, we're witnessing exactly that with the rise of crypto. Over just the last few years, since Bitwise was founded, crypto has evolved from an embryonic $50B market to a growing $3T+ juggernaut. At Bitwise, we believe that crypto has reached a turning point, and is headed north of $10T over the next few...

  • Senior Software Engineer, Funding

    2 weeks ago

    San Francisco, CA, United States Gemini, Inc. Full time

    Overview Senior Software Engineer, Funding Gemini As an engineer in the Funding organization, youll be part of the core team responsible for designing, building, and supporting crypto transfers and fiat payments. The team supports deposit and withdrawal of crypto assets and fiat assets on the platform. This role is required to be in person twice a week at...

  • Senior Software Engineer, Funding

    3 days ago

    San Francisco, CA, United States Gemini, Inc. Full time

    Overview Senior Software Engineer, Funding Gemini As an engineer in the Funding organization, youll be part of the core team responsible for designing, building, and supporting crypto transfers and fiat payments. The team supports deposit and withdrawal of crypto assets and fiat assets on the platform. This role is required to be in person twice a week at...