Senior Wire Specialist

GENERAL SUMMARY

Senior Wire Specialist will assist the Wire Operations Manager in handling daily operations workflow and branch support to maintain system integrity, compliance requirements, and client satisfaction. Responsible for following established policies and procedures regarding various fund transfer functions. 

ESSENTIAL FUNCTIONS

• Perform daily opening and end-of-day procedures on various wire systems.
• Prepare, input, verify, and release outgoing wires ensuring that proper investigation is performed and resolved as needed.
• Monitor, review, release or report for fraud or suspicious activity (e.g., OFAC, fraud monitoring, etc.).
• Review and process incoming wires ensuring all exceptions are investigated and resolved accurately.
• Ensure SWIFT statements (e.g., MT950, MT942) are generated and sent daily.
• Perform daily balancing of incoming and outgoing wires, including proper processing, and posting. 
• Maintain accurate documentation including but not limited to daily production logs, tracer, exempt list from FCIU. 
• Process wire investigation and returned wires, including notifying branches/department timely.
• Perform daily review of Consumer International wires, ensuring the correct template for Dodd Frank wires are used.
• Issue sub-test key to branches and departments as necessary.
• Answer calls timely and reinforce superior client services along with appropriate follow-through with involved correspondent banks and internal team members. 
• Assist branches and other departments in resolving wire transfer related inquiries and providing support on how to use the wire application.
• Work with FCIU team to assist with the setup of RMA for International Department. 
• Ensure compliance with BSA and other compliance requirements as applicable to job function.

QUALIFICATIONS

Education:    

• College degree preferred but not required.

Experience:  

• Minimum of 2 years of wire transfer processing experience required.  Banking experience preferred.

Skills/Ability: 

• PC proficient with typing of 50 wpm and 10-key. A high level of accuracy, along with the ability to work under restricted time constraints, and to communicate effectively with the bank and correspondent bank personnel.

OTHER DETAILS

$24.00 – $31.25 / hour
Pay determined based on job-related knowledge, skills, experience, and location.

Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k). 

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Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We believe in diversity, equity, and inclusion in the workplace. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.

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