• TMSM COC
  • Wire Payment Risk Specialist I/II/III

    Posted: 09/11/2022

    https://app.largely.com/v/3Oxdfxngv0LIeg46zoB8s

    WHAT YOU'LL BRING

    Duties & Responsibilities

    Level I

    • Work with Deposit Services, Digital Channels, Information Services, Accounting, Fraud, BSA/AML, Vendors and Clients to resolve any processing, reconcilement discrepancies, and disputes.
    • Reconcile wire General Ledger accounts, process adjustments, returns and recoveries.
    • Process requests for new wire agreements, repetitive and Associate initiated repetitive wire authorizations.
    • Process requests for changing any wire or repetitive agreements.
    • Process incoming wire transactions to include, but not limited to, posting transactions to customer accounts, verification of postings, following specific customer instructions.
    • Process/Approve outgoing wire transactions to include, but not limited to, identifying and verifying that the appropriate authorizations have been obtained, posting transactions to customer accounts, verification of postings, following specific customer instructions.

    Level II

    • Provide back up support as needed
    • Enhance maker checker and quality processes
    • Prepare various reports
    • Prepare management reports.

    Level III

    • Assist with the development of data monitoring approaches to support risk monitoring and mitigation.
    • Develop and implement corrective measures to reduced risk.

    Knowledge of:

    • General banking knowledge in the areas of payment, risk, and payment fraud. Strong accounting acumen to be able to assist in balancing activities.
    • Job-specific knowledge that is necessary to provide the appropriate quantity and quality of work in a timely and efficient manner.
    • MS Office tools including expert knowledge of MS Excel, MS PowerPoint.

    Ability to:

    • Interact effectively with others to establish and maintain smooth working relations demonstrating excellent interpersonal relations
    • Demonstrate responsible personal and professional conduct, which contributes to the overall goals and objectives of Busey.
    • Display ability to review and analyze data reports and manuals; must be computer proficient.
    • Challenge the status quo and promoting positive change.

    WHY IT MATTERS

    Your goal is to focus on continuous improvement on behalf of our Pillars, achieved through a structured business plan and execution model plus an engaged employee population that contributes to improvement ideas. Wire payments are an increasingly important component of the financial services industry.  Individuals in this role will provide critical support to risk mitigation activities supporting both Busey and our customers.  You'll draw on your banking knowledge to enhance the customer experience by minimizing and improving payment service processes. We take a collaborative approach to quality, which means you'll work with experienced associates, managers, and business partners across the organization. 

    EDUCATION & TRAINING

    Level I:

    • High School diploma and/or up to one-year related work experience - required
      • Related experience to include a focus within operations, banking, or payments
      • Payments experience preferred or specifically wire transactions
    • Requires knowledge of Microsoft Office

    Level II:

    • Associate degree and/or 2+ years related work experience – preferred
    • High School diploma and/or 2+ years of related work experience – required
      • Related experience to include a focus within operations, banking, or payments or specifically wire transactions
      • Payments experience preferred or specifically wire transactions
    • Requires knowledge of Microsoft Office

    Level III:

    • Bachelor’s and/or 4+ years related work experience – preferred
      • Related experience to include a focus within operations, banking, or payments or specifically wire transactions
    • Requires knowledge of Microsoft Office.

    Busey believes that diversity and inclusion among our teammates is critical to our success as a company, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool.

    Equal Opportunity Employment is a priority for Busey and all qualified applicants will receive consideration regardless of race, color, religion, national origin, genetic information, sex (including pregnancy), age, sexual orientation, gender (including gender identity and expression), marital status, military status, veterans status, citizenship status, disability, order of protection or any other characteristic protected by applicable law or other non-merit based factors.