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ACH Manager - Richfield, NJ
Clifton, NJ
Job Description
The Manager, ACH oversees the activities of the department and direct reports ensuring compliance with all related federal regulations, bank policies and goal objectives.
Exact compensation may vary based on skills, experience, and location.
$81,400.00
$140,500.00
Valley National Bank is an Equal Opportunity / Affirmative Action Employer. All qualified applicants are encouraged to apply, and will be considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or other legally protected characteristics, and will not be discriminated against on the basis of disability.
Responsibilities include but are not limited to:
- Provides leadership and guidance to direct reports to ensure understanding and compliance of changes in processes, policies and procedures, applicable laws, and regulatory requirements. Ensure management skills are conveyed to Direct Reports creating success in the processing, support, and compliance of all electronic payment channels.
- Establishes goals for the department in accordance with and in support of bank objectives; determines work priorities.
- Supervise daily processing and settlement of all electronic transactions received from the Automated Clearing House, the bank's online services and third parties.
- Ensure the department's risk management program encompasses the complexity of the bank's activities including third party originators, compliance risk and transaction risk.
- Responsible for the supervision of ACH exposure monitoring; minimizing losses through quality control, system compliance and that services meet customer service level commitments.
- Acts as a liaison for Regulatory Compliance, Executive Risk and Educational Resources in designing/facilitating and assisting in ACH regulation and compliance training for the bank and originating companies.
- Evaluates existing systems to ensure compliance with regulations; coordinate testing required for system upgrades, data conversions, and expansion of services.
- Responsible for the accuracy of departmental statistical reports in accordance with bank policies and NACHA regulations and guidelines.
- Responsible for solid, sound policies and procedures resulting in satisfactory audit ratings for the department; follows up on any audit issues making sure they have been properly resolved.
- Supervise the set up and maintenance associated with the Treasury Solutions products for customers utilizing ACH.
Required Skills:
- Strong managerial skills to supervise diverse areas; strong time management skills with the ability to react quickly and judiciously to issues regarding immediate attention.
- Ability to work independently on moderately complex issues and projects.
- Extensive knowledge of all regulatory requirements and changes governing ACH transactions (NACHA Rules & Regulations).
- Ability to prioritize, organize, delegate, and follow up on assignments.
- Strong ability to work well under pressure while maintaining strong attention to detail in a fast paced, deadline driven environment.
- Excellent communication, written, verbal, mathematical, and customer service skills.
Results driven with the ability to multi-task and execute operational commitments. - Demonstrated leadership with the ability to execute operational commitments.
- Excellent judgement, conflict resolution, problem solving and decision-making skills.
- Ability to respond to high level inquiries or complaints from customers and regulatory agencies.
- Drives to Action/Hands on approach.
- Understanding of the client experience.
- Change Leader/Self Starter.
- Encourages collaboration with direct/indirect reports and colleagues.
Required Experience:
- High school Diploma or GED.
- Minimum of 6 years of experience in ACH Operations supervisory role.
Preferred Experience:
- College experience preferred.
- Accredited ACH Professional (AAP) Certification preferred.
Exact compensation may vary based on skills, experience, and location.
$81,400.00
$140,500.00
Valley National Bank is an Equal Opportunity / Affirmative Action Employer. All qualified applicants are encouraged to apply, and will be considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or other legally protected characteristics, and will not be discriminated against on the basis of disability.
Job Summary
Company
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Salary and Benefits
$81,400.00-$140,500.00
Required Education
High School or Equivalent
Required Experience
6+ years
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