USAmeriBancorp

Senior Specialist, ACH Risk

USAmeriBancorp • $75K — $95K *
Clifton, NJ 07011In-Person
Finance & Insurance
5 - 7 years of experience
2 months ago
Job Overview by Ladders

Qualifications

  • Strong knowledge of ACH rules, regulations, and relevant laws.
  • Proficient in ACH systems and software including EPN and Federal Reserve Bank.
  • Excellent analytical, problem-solving, and decision-making skills.
  • Effective communicator with strong presentation and interpersonal skills.
  • Minimum five years in banking or financial operations, preferably with ACH experience.

Responsibilities

  • Review ACH transactions and reports to identify fraud or errors.
  • Conduct risk assessments and audits for ACH compliance.
  • Implement ACH risk management strategies to minimize losses.
  • Provide training and advisory support on ACH risk to staff and clients.
  • Investigate and resolve ACH disputes and claims, coordinating as needed.
  • Stay updated on ACH industry trends and participate in relevant forums.

Benefits

  • Comprehensive training opportunities to enhance ACH knowledge.
  • Access to industry forums and professional development resources.
Full Job Description
Responsibilities include but are not limited to:
  • Review ACH transactions and reports to detect and prevent fraudulent, suspicious, or erroneous activity.
  • Conduct ACH risk assessments and audits to evaluate the bank's compliance with the ACH rules and regulations, as well as internal policies and procedures.
  • Apply ACH risk management and mitigation strategies, policies, and procedures to minimize the bank's exposure to ACH losses and conduct ACH investigations and recovery.
  • Provide ACH risk advisory and training to the bank's staff and clients and maintain effective communication with internal and external stakeholders.
  • Investigate and resolve ACH disputes, claims, and exceptions, and coordinate with the ACH network, other financial institutions, and law enforcement agencies as needed.
  • Keep abreast of the latest trends, developments, and best practices in the ACH industry, and participate in relevant forums and committees.


Required Skills:
  • Strong knowledge of the ACH rules and regulations, as well as the applicable laws and regulations related to ACH transactions.
  • Proficient in ACH systems, tools, and software, within EPN, Federal Reserve Bank or core system.
  • Excellent analytical, problem-solving, and decision-making skills, with attention to detail and accuracy.
  • Effective communication, presentation, and interpersonal skills, with the ability to work independently and collaboratively.

Required Experience:
  • High School Diploma or GED. Minimum of five years of experience of banking or financial operations.

Preferred Experience:
  • Bachelor's degree in finance, accounting, business, or related field.
  • Minimum of five years of experience in ACH risk management, operations, or compliance.
  • Knowledge of NACHA Rules and Guidelines, Regulation E.
  • AAP Certification.

About USAmeriBancorp

Valley National Bancorp, doing business as Valley Bank, is a regional bank holding company headquartered in Wayne, New Jersey with approximately $42 billion in assets. Its principal subsidiary, Valley National Bank, currently operates over 230 branch locations in northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, and Queens, as well as Long Island, Florida, and Alabama. Valley Bank holds approximately $29 billion in assets. ,Valley Bank is one of the largest commercial banks headquartered in New Jersey.
Learn more about USAmeriBancorp
Industry
Legal & Accounting
* Ladders Estimates

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