Dept Manager, Wire Transfer & Inv Job Listing at Valley Bank in Clifton, NJ (Job ID 26-362)

Description

Responsibilities include but are not limited to:

• Manage the wire transfer and investigations teams, including hiring, training, coaching, and performance evaluation.
• Ensure that all wire transfer requests are verified, authorized, and executed in a timely and secure manner.
• Monitor and analyze wire transfer volumes, trends, and issues, and implement process improvements and risk mitigation strategies.
• Develop and maintain policies and procedures for wire transfer operations and investigations, and ensure compliance with federal, state, and local regulations, as well as industry best practices and standards.
• Conduct or supervise investigations of suspicious or fraudulent wire transfer activities and prepare reports and recommendations for management and regulatory agencies.
• Coordinate with internal and external auditors, regulators, law enforcement, and other stakeholders on wire transfer and investigations matters.
• Provide guidance and support to wire transfer and investigations staff on complex or escalated cases.
• Stay abreast of the latest developments and trends in wire transfer and investigations and participate in relevant industry forums and associations.
• Oversee the monitoring of wire transfer money movements at the FED, The Clearing House and correspondent banks to ensure proper funding availability.
• Identify and manage cash related risks, such as liquidity risk, currency risk and operational risk. Develop appropriate risk policies and controls.
• Generates regular reports and analysis related to cash management activities such as key performance indicators (KPIs), KRIs, and SLAs.