Bank Operations Specialist Job Description

Bank Operations Specialist Job Description

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164 votes for Bank Operations Specialist
Bank operations specialist provides support and advice to compliance colleagues and businesses on applicable State/Federal US banking rules/regulations, and on applicable supervisory guidance issued by these agencies.

Bank Operations Specialist Duties & Responsibilities

To write an effective bank operations specialist job description, begin by listing detailed duties, responsibilities and expectations. We have included bank operations specialist job description templates that you can modify and use.

Sample responsibilities for this position include:

Identify and recommend process changes
Monitor Bank Operations functionality weekly to measure and track service and accuracy levels and maintain supporting documentation of performance
Review prepare and revise quality assurance reporting to comply with departmental and Legal & Compliance requirements
Support Assessment and Internal Audit Departments by preparing and providing requested documentation
Compile monthly Bank Operatons Quality Assurance Report metrics and present to Management
Execute and support monthly and quarterly BPA and other regulatory required reviews
Conduct bi-monthly review of payment processing vendor compliance to regulations
May respond to internal and external customer and financial institution telephone inquiries regarding depository accounts, payment processing and related bank operations
Monitor best practice operational trends and makes recommendations to implement improvements or changes to procedures
Lead the integration of resources through the development and implementation of operational and administrative policies, practices, procedures, controls and programs

Bank Operations Specialist Qualifications

Qualifications for a job description may include education, certification, and experience.

Education for Bank Operations Specialist

Typically a job would require a certain level of education.

Employers hiring for the bank operations specialist job most commonly would prefer for their future employee to have a relevant degree such as Collage and Bachelor's Degree in Business, Accounting, Education, Finance, Military, Graduate, Associates, Economics, Business/Administration, Communication

Skills for Bank Operations Specialist

Desired skills for bank operations specialist include:

Compliance with federal and state regulations pertaining to the banking industry
Word processing
Branch functions
Related state and federal banking compliance regulations
Federal banking regulations
Bank operational policies
Banking operations and accounting principles
Banking operations
Accounting principles
Federal and state laws/regulations relative to deposit accounts and bank operations

Desired experience for bank operations specialist includes:

Managing service provision from the sub-custodian network to the firm
Investigation and resolution of enquiries & service issues
Building relationships with internal departments and sub-custodians
Production and analysis of performance and Agent Spend MIS
Project management of sub-custodian RFPs, transitions & market openings
Management and administration of SICAVs, Funds and Hedge Funds (ICS)

Bank Operations Specialist Examples

1

Bank Operations Specialist Job Description

Job Description Example
Our company is searching for experienced candidates for the position of bank operations specialist. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for bank operations specialist
  • Advisory and IM services support
  • Tax/Regulatory/Corporate reporting
  • Assist the PB Business in coordination with the Head of PB Operations
  • Support Madrid Operations team on their daily tasks, escalation and exception approval
  • OWorking with senior stakeholders in the project space across relevant business functions to deliver the teams global projects
  • OWorking with technology partners to define the functional and technical design to support business processing requirements
  • OCollaborate with Management to ensure common standards and best practice are implemented globally
  • OWork with the Project lead to ensure delivery throughout the lifecycle of the project
  • OTrack and communicate project status to wider team and management
  • OCollaborate with the Project team on test plan development, design test strategy and manage the UAT process
Qualifications for bank operations specialist
  • ODevelop an effective network of stakeholders to facilitate easy integration of changes quickly with new areas of the Firm
  • Responsible for processing voluntary, mandatory with choice and mandatory corporate action events, from event notification to the internal accounting system, across all markets, timely and accurately
  • Responsible for reviewing corporate actions notifications and entitlement processing on our accounting system identifying any incorrect postings
  • Help support manager and team to make process improvements
  • Work with several internal teams to ensure accurate processing of event and instructions to resolve complex corporate action issues
  • Participate in procedure reviews and updates
2

Bank Operations Specialist Job Description

Job Description Example
Our company is searching for experienced candidates for the position of bank operations specialist. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for bank operations specialist
  • Coordination of Bank Performance Analysis (BPA) and Cash Forecasing activities
  • Support systems development for BPA and Cash Forecasting tasks
  • Support onboaring of new markets in relation to the above services
  • Representation of Bank Operations Centre in project related events, matters and discussions
  • Driving, execution and completion (from mobilisation to BAU implementation) of Projects / initiatives from Bank Operations Centre perspective
  • Monitoring and reporting of project status to Senior Leadership
  • Support Group’s cash and standardisation agenda
  • Being involved in decision making in accordance with the delegation of Bank Operations Manager/Junior Manager
  • Prepares various reports to be delivered to Wholesale Lockbox customers along with preparing and transmitting various Payment Files to customers via various Electronic Means
  • Compile, sort, and verify accuracy of data entered into Wholesale Lockbox Capture system
Qualifications for bank operations specialist
  • Minimum 4 years of experience within Treasury
  • End to end understanding of Treasury and Banking processes, responsibilities and boundaries
  • Ability to understand complex business issues and to translate them into requirements in order to deliver solutions
  • Good understanding of effective cash management tools and banking techniques
  • Basic undestanding of integration points between corporate treasury and other functions of a multi-national company
  • Awareness of controls and risk management
3

Bank Operations Specialist Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of bank operations specialist. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for bank operations specialist
  • Assisting with quality control review to ensure vendor service levels and Regulation E requirements are met
  • Partnering with managers and vendors to understand needs/processes, in order to update policies with FirstData standards and procedures
  • Training the team as needed, and assisting with escalated problem resolution
  • Answer phones - Register client’s pick up requests, directing them to the proper department for assistance
  • Performs other duties and responsibilities as assigned.Qualifications
  • Creation of materials for project charters, governance models, workstream structures, key dependencies, risk logs
  • Develop and execute UAT test plans including documentation, tracking, issues management, status reporting
  • Create SQL scripts for reporting
  • Support any user access issues to managed applications
  • Troubleshoot system breaks and implement solutions
Qualifications for bank operations specialist
  • One year experience in banking, opening and servicing deposit accounts, or comparative office experience preferred
  • Demonstrated capacity for sound judgment
  • Must be able to be flexible to work overtime
  • Flexible with and willing to assist other members of the department
  • Self-motivated and detail-oriented with the ability to focus on repetitive tasks
  • Possess the ability to understand computer functions and navigate web-based programs
4

Bank Operations Specialist Job Description

Job Description Example
Our innovative and growing company is hiring for a bank operations specialist. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for bank operations specialist
  • Interfaces between the manager and associates as the designated subject matter expert (SME) for the unit
  • Work with stakeholders across the product lines in order to deliver detailed business requirements
  • Work with stakeholders and technology to define testing approach and strategy and help execute this strategy during test phases of project
  • Working with technology partners to define the functional and technical design to support business processing requirements across transaction reporting technology and upstream business technology
  • Develop an effective network of stakeholders to facilitate easy integration of changes quickly
  • Build and maintain strong working relationships with the Operations Working Group, Private Banking Technology, Client Service, and Trust and Estates
  • Track and execute against assigned project deliverables
  • Attend project meetings and document meeting notes and action items
  • Prepare materials and presentations for working group meetings and updates to management
  • Participate in planning for roll out strategy
Qualifications for bank operations specialist
  • Three plus years of related experience required
  • Budget planning and resource allocations
  • Milestone and benefit tracking across the portfolio
  • Management of technology and Business allocations
  • Consultant On-Boarding (including Task orders and TFR management)
  • Financial reporting (budget verse actual spend)
5

Bank Operations Specialist Job Description

Job Description Example
Our company is looking to fill the role of bank operations specialist. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for bank operations specialist
  • Develop Training plans and materials
  • Document business requirements via user stories
  • Create User Acceptance Test Scripts
  • Communicate business priorities to the technology team in order to drive effective business solutions
  • Provide user support for Connect roll outs
  • Create test status reporting and complete weekly test reporting updates
  • Perform assigned analysis tasks
  • Act as a central point of contact for reviewing user reported defects, assessing validity of defect, and reporting defect to technology
  • In high volume processing times, the individual may be asked to assist with various other tasks including transaction processing, bill pay, and other analysis tasks
  • Assists the operations supervisor with the delegation of workload duties of other associates to help ensure the work flow is processed timely and efficiently
Qualifications for bank operations specialist
  • Ad Hoc project tasks including managing project plans for strategic projects
  • Ability to maintain composure and professionalism in a fast-paced, busy environment
  • Strong knowledge of Microsoft Office including PowerPoint, Visio and Projects
  • Proficient computer skills including Word, Excel, Access, and PowerPoint
  • Be responsible for daily Automated Clearing House origination procedures, including processing files from clients and internal systems, returns, reversals, rejects, death notification entries, and reclamations
  • Be responsible for the implementation and maintenance of all ACH clients' information

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