Senior Specialist, ACH Risk
Valley National Bank · New York City, New York, US
Responsibilities include but are not limited to: - Review ACH transactions and reports to detect and prevent fraudulent, suspicious, or erroneous activity. -...
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. Qualifications: 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...