Sr Specialist, ACH Risk

United States·Richfield - CliftonNormalsenior

Legal & ComplianceRisk Specialist

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Key Responsibilities

Review ACH transactions and reports to detect and prevent fraudulent, suspicious, or erroneous activity.

Technical Tools

Legal & ComplianceRisk Specialist

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.

Required Experience:

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

Preferred Experience:

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.