Deposit Operations Manager

  • location: Wayne, NJ
  • type: Permanent
  • salary: $75,000 - $78,000 per year

job description

Deposit Operations Manager

job summary:
We are looking for a Deposit Operations Manager to join our team managing a large group of direct reports and the entire deposit operations process. This is an exciting opportunity to join a growing financial institution and move up in the ranks quickly! If you have a heavy regulatory background, management experience and compliance apply today for immediate consideration!

location: Wayne, New Jersey
job type: Permanent
salary: $75,000 - 78,000 per year
work hours: 8am to 5pm
education: Bachelors
  • Coordinate, monitor and supervise workflow of Deposit Operations department; conduct efficiency reviews of daily processing.
  • Administer department's functions, ensuring compliance with the organizations policies, legal and government rules and regulations by establishing, monitoring and maintaining policies and procedures.
  • Analyze operational problems and develops procedures for their resolution.
  • Relay communications from branches, Compliance, Marketing, HR, upper management, etc.
  • Act as primary point of contact/administrator for outside agencies and vendors, including Federal Reserve Bank, and other correspondents, fraud detection software, wire transfer module, and NY/NJ State agencies.
  • Coach, develop and lead staff to maximize their potential.
  • Conduct performance appraisals, create performance improvement plans, when necessary, and make salary recommendations.
  • Develop and maintain manuals and references, and participate in staff training to effectively implement bank policies and procedures.
  • Recommend and implement business plans, operational procedures and system utilization that support the organization's long-term strategic objectives and vision.
  • Address special projects as assigned (new products, new branches, branch closings, etc.).
  • Develop and maintain relationships with industry groups and organizations to stay abreast of changes in federal and state banking regulations and ensures that changes are implemented in a timely manner.
  • Responsible for monthly and quarterly reporting for DIP accounts, IOLTA and branch issues to Regional Administrators.
  • Provide operational support to branch staff and other areas of the bank.
  • Decision exception items.
  • Review and sign-off on Department processes.
  • Act as Branch Administration liaison.
  • Act as BSA contact regarding fraud issues, account compromises and reporting.
  • Act as contact for Deposit Escrow products (branch, business development, financial institutions, and customer).
  • Perform any other related duties as required or assigned.
  • Experience level: Manager
  • Minimum 7 years of experience
  • Education: Bachelors (required)
  • Deposit Operations (5 years of experience is required)
  • Banking (5 years of experience is required)
  • Regulatory Affairs / Compliance (2 years of experience is required)

Equal Opportunity Employer: Race, Color, Religion, Sex, Sexual Orientation, Gender Identity, National Origin, Age, Genetic Information, Disability, Protected Veteran Status, or any other legally protected group status.

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