Wire Transfer And ACH Specialist

Avidbank is a $2.3 billion commercial bank based in Silicon Valley serving the San Francisco Bay area and across the country. We are a highly responsive business bank, providing tailored financial solutions. We are advocates for our clients and specialize in providing innovative banking products and supportive services that exceed our clients' expectations.

Founded in 2003, we specialize in commercial & industrial lending, technology and asset-based lending, specialty finance, real estate construction and commercial real estate lending. We have one branch in San Jose along with loan production offices in Redwood City and San Francisco.

Title of position: Wire Transfer and ACH Specialist

Position type: Full Time

Pay Range: $60,000 - $90,000

Division: Operations

Work Location Type: Office/Hybrid

Location: San Jose, San Francisco, Redwood City, CA

Job Summary:

The Payments Operations Specialist is a key role in the daily processing of payments in Deposit Operations. This role will facilitate domestic and international wire transfer requests, ACH transactions, and other payments related functions while mitigating fraud risk by adhering to Bank policies, procedures and electronic funds transfer regulations. As a payment's operations specialist, you will coordinate, review, and release wire and ACH payments for clients, internal partners, and other teams.

Key Responsibilities:

• Process incoming and outgoing wire transfer requests (domestic, international USD and FX) promptly and accurately.
• Process outgoing and incoming ACH transactions promptly and accurately.
• Process payment exceptions.
• Strong experience with Wire transfers.
• Strong background with ACH transactions.
• Conduct thorough due diligence to ensure compliance with anti-money laundering (AML) and Know Your Customer (KYC) regulations.
• Monitor and identify potential fraud or suspicious activities related to wire transfers, promptly reporting any anomalies to the appropriate department.
• Communicate with clients, both internally and externally, to resolve inquiries, provide updates, and ensure a smooth payment experience.
• Perform reconciliation and balancing activities to ensure accurate accounting and reporting of wire transfer transactions.
• Contribute to process improvement initiatives by identifying areas for optimization, suggesting enhancements, and participating in system upgrades or testing.
• Maintain a high level of integrity, confidentiality, and professionalism in handling sensitive financial information.
• Perform routine client service duties; balancing GLs and other daily maintenance operations reports, and client transactions as requested
• May assist in back-office operations or Treasury Management, or for back-up to other back-office personnel
• Understands government regulations and assists management in ensuring compliance with applicable banking regulations, with particular emphasis on the Bank Secrecy Act. Other related compliance areas (as they pertain to Operations):
• Other duties as assigned

Qualifications and Skills:

• Two or more years of wire/ACH payment experience preferably at a bank

• Outstanding organizational skills

• Effective oral and written communication skills

• Proficient in Microsoft Office

• Experience with FIS (Horizon), Q2 Online Banking, Fedline Advantage, and wire automation application/tool preferred

• Knowledge of Banking Regulations:

• Electronic Banking (Reg E)

• Deposit Regulations (Reg CC, D, DD)

• AML/BSA

Physical Requirements:

• Prolonged periods of sitting at a desk and working on a computer.
• Must be able to lift 15 pounds at times.

Benefits

Avidbank offers full-time employees competitive compensation, medical, dental, vision, life insurance, long term disability insurance, 401k with matching, paid holidays and a competitive paid time off policy.

The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. It is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case.

Avidbank is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

We are an AA/EEO/Veterans/Disabled employer.