Wire Operations Specialist- Banking or financial services

Company: Bank Client
Location: San Francisco
Posted on: November 23, 2021

Job Description:

FX Operations Specialist - Contract - San Francisco, CA or New York, NYOpen to remote NYC candidates who can work west coast shift of 8:00 - 5:00 PM, PTSF onsite preferred, 8-5:00 PM, PT.At our Customer, we care about our people. We offer extraordinary client service in private banking, private business banking, and private wealth management. Founded in 1985, we believe that personal connections are everything and our success is driven by the relationships we form with our colleagues and clients. You'll always feel empowered and valued At our Customer.As the FX Operations Specialist, you will be responsible for confirmation and settlement processing for all foreign exchange products. That will include researching and responding to any FX settlement-related inquiries received from other banks, clients or financial institutions and following loss prevention procedures for all incoming and outgoing wires.What you'll be do as a FX Operations Specialist:Process and settle all foreign exchange transactions for the Bank, including confirmations, reconciliations, investigations, risk, credit reporting and problem resolution.Maintain lines of communication with Correspondent Banks where nostros and settlement occurs and participate in the organization's initiative to implement new projects and systems while promoting continuous improvement.Confirm all FX trades by phone, SWIFT or online and closely monitor all outgoing wires for potential fraud.Follow Bank policies and procedures regarding risk analysis of trades/wires, including OFAC and Dodd Frank regulations.Process all trades and wires within the established SLA following the Bank's procedures and controls.Handle all FX trades wire tracers and investigations received from other banks, clients or internal departments within the bank.Ensure timely resolution and correction of all incoming foreign funds, unclaimed funds or ?unable to be applied? funds.Understand regulatory guidelines and stay informed of trends and changes related to FX operations in order to act as a resource for entry-level colleagues and provide back-up support for all job functions within the department.Handle escalated issues, resolve problems effectively and determine when it is necessary to involve management.Work collaboratively to resolve complex issues and/or errors that impact customers or place the Bank at risk if not appropriately managed.Monitor and deliver SWIFT messages for the entire Bank.Review the daily reconciliation for all FX trades and FX wire exceptions to ensure accuracy of balances and posting of FX trades and wires, including working a flexible schedule to meet the Bank's goals and daily business requirements.Create daily and on-demand reports that include the daily metrics, Mark-to-Market Reports, FCA statements and Nostro Balance reports. Prepare and submit AML (Anti-Money Laundering) certification to the Compliance Department.Adhere to the applicable federal and state laws, regulations and guidance, including those related to anti-money laundering (e.g., Bank Secrecy Act, US PATRIOT Act, etc.), as well as Bank policies and procedures.Identify and report suspicious activity to the Anti-Money Laundering Officer.Know and verify the identity of any client who enters into a relationship with the Bank.Job Type: ContractSalary: $30.00 - $35.00 per hourSchedule:8 hour shiftMonday to FridayWork Remotely:Temporarily due to COVID-19

Keywords: Bank Client, San Francisco , Wire Operations Specialist- Banking or financial services, Accounting, Auditing , San Francisco, California