Old Second National Bank Looking for Senior Electronic Payments Team Lead (Bank Wires) – Aurora, IL at Aurora, IL  Full Time

Position Overview

This position is responsible for providing hands-on, daily oversight and direction within the Electronic Payments processing area, with specific focus on Wire Transfer and Foreign Exchange services.

Essential Job Functions

Primary:

• Primary duties will focus on Wire Transfer and Foreign Exchange activities, with backup and consultation to ACH services occurring on an as-needed basis.
• Provide day-to-day leadership to Electronic Payments staff, ensuring timely completion of daily activities.
• Provide back-up to the Electronic Payments Manager as needed and/or requested.
• Ensure that Wire and FX transactions processed have been completed accurately, and approved by the appropriate level of authority, with any exceptions clearly noted for Audit purposes.
• Uphold Bank policy & procedures relative to electronic payment processing.
• Work with and support internal and external customers each day to provide efficient and quality service.
• Train staff as needed on wire processing.
• Report money position to Accounting daily.
• Balance settlement general ledger, process wire transfer requests, and post settlement entries.
• Work with BSA and Fraud departments as needed.
• Review OFAC queues ensuring full compliance with regulatory guidelines.
• Process all Reg E/Remittance claims, complying with regulatory rules and timeframes.

Secondary (as needed):

• Upload and process all incoming and outgoing ACH files via FED and ancillary channels, to the Bank’s core processing system, verifying file totals and ensuring proper posting.
• Memo post all ACH activity received daily.
• Run daily ACH reports prior to pulling Origination, for monitoring of customer account balances vs collected funds.
• Contact Bank Account Officers as needed for approval of a negative (collected balance) money position to minimize the Bank’s risk exposure.
• Send notices to applicable ACH Originators of returned transactions and notifications of change (NOCs).
• Perform end of day ACH processing routine.
• Balance all ACH related general ledger accounts, including discrepancy resolution and reporting of money position to Accounting.
• Monitor and process ACH filter exceptions as needed.
• Remain knowledgeable and comply with all regulations concerning ACH & Wire areas.
• Other duties as assigned by Electronic Payments Manager.

Minimum Requirements

• High school diploma (or equivalent) and three or more years of banking experience; or equivalent combination of education and experience.
• Must be available to work onsite daily at the Aurora, IL location.

Competencies

• Strong communication skills (verbal/written)
• Ability to work well with others
• Strong computer proficiency
• Excellent attention to detail and organizational skills

Preferred, but not required

• Electronic Payment experience; wires experience strongly preferred

Old Second National Bank is an Equal Opportunity Employer, and all qualified applicants will receive consideration for employment without regard to their real or perceived race, color, religion, creed, sex, marital status, national origin, citizenship, ancestry, age, sexual orientation, gender identity, disability, military status, genetic information, veteran’s status, or any other
protected characteristic under applicable law.