Job Description
SUCCESSFUL APPLICANTS WILL IDEALLY HAVE TO:
- Participate in a structured training program designed to provide comprehensive training in payment processing operations, including ACH transfers, wire transfers, bill payments, and other financial transactions.
- Learn to verify the accuracy and authenticity of payment instructions, including account details, transaction amounts, and beneficiary information, to ensure compliance with regulatory standards and prevent errors or fraudulent activities.
- Gain knowledge of regulatory requirements, industry standards, and internal policies related to anti-money laundering (AML), Know Your Customer (KYC), and fraud prevention measures, and ensure adherence to these standards in all payment processing activities.
- Assist in managing and processing various types of payments using banking software systems and payment processing platforms, ensuring timely execution and accuracy in transaction processing.
- Assist in reconciling payment transactions with bank statements, general ledger accounts, and internal records to identify and resolve discrepancies, ensuring accurate financial reporting and compliance documentation.
- Provide support to customers regarding payment-related inquiries, transaction status updates, and resolution of payment issues or disputes, delivering prompt and courteous service to enhance the overall customer experience.
- Maintain detailed records of payment transactions, processing instructions, and compliance documentation, and assist in preparing reports on payment volumes, trends, and exceptions for management review.
- Stay updated on industry trends, technological advancements, and regulatory changes affecting payment processing operations, and actively participate in ongoing training sessions and professional development opportunities.
- Performing any other duties as it may be assigned by the Account Manager or by the boss.
REQUIREMENTS & QUALIFICATIONS:
- Bachelor’s degree in Finance, Accounting, Business Administration, or a related field preferred.
- Entry-level position; prior experience in banking or financial services is advantageous but not required.
- Strong attention to detail and accuracy in work.
- Excellent organizational and time management skills.
- Proficiency in using computers and software applications.
- Effective communication and interpersonal skills.
- Analytical mindset, eagerness to learn, and a strong interest in pursuing a career in banking operations.