Senior Specialist, ACH Risk

Job Description

Responsibilities include but are not limited to:

• Review ACH transactions and reports to detect and prevent fraudulent, suspicious, or erroneous activity.
• Conduct ACH risk assessments and audits to evaluate the bank's compliance with the ACH rules and regulations, as well as internal policies and procedures.
• Apply ACH risk management and mitigation strategies, policies, and procedures to minimize the bank's exposure to ACH losses and conduct ACH investigations and recovery.
• Provide ACH risk advisory and training to the bank's staff and clients and maintain effective communication with internal and external stakeholders.
• Investigate and resolve ACH disputes, claims, and exceptions, and coordinate with the ACH network, other financial institutions, and law enforcement agencies as needed.
• Keep abreast of the latest trends, developments, and best practices in the ACH industry, and participate in relevant forums and committees.

Required Skills:

• Strong knowledge of the ACH rules and regulations, as well as the applicable laws and regulations related to ACH transactions.
• Proficient in ACH systems, tools, and software, within EPN, Federal Reserve Bank or core system.
• Excellent analytical, problem-solving, and decision-making skills, with attention to detail and accuracy.
• Effective communication, presentation, and interpersonal skills, with the ability to work independently and collaboratively.

• High School Diploma or GED. Minimum of five years of experience of banking or financial operations.

• Bachelor's degree in finance, accounting, business, or related field.
• Minimum of five years of experience in ACH risk management, operations, or compliance.
• Knowledge of NACHA Rules and Guidelines, Regulation
  
  E.
• AAP Certification.

Full-time

Non-exempt

925 Allwood Rd, Clifton , New Jersey 07012, United States

350 Madison Ave, New York , New York 10017 , United States

We provide a comprehensive and competitive total rewards package including base salary determined by factors such as the role, relevant experience, skill set, and geographical location. Eligible positions may also be eligible to receive commission-based compensation and/or discretionary incentive compensation, which may be awarded as cash or forfeitable equity, recognizing individual performance and contributions.
A further advantage is a robust suite of benefits tailored to meet diverse employee needs based on eligibility criteria. These include comprehensive health care and insurance plans, retirement savings options, tuition and adoption reimbursement programs, paid time off, mental health support, and other valuable benefits programs. Further details regarding total compensation and benefits will be shared during the hiring process.

$23.75 - $39.62 / hour

In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.

Valley is an equal opportunity/affirmative action employer. All qualified applicants are encouraged to apply and will be considered for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected status or characteristic.

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