Bank Verification Specialist

About the Role

The Bank Verification Specialist is responsible for validating and maintaining accurate banking information for vendor and customer accounts. This role plays a critical part in safeguarding financial transactions, ensuring compliance with Governance and SOPs, and preventing fraud.

Responsibilities

• Perform detailed analysis of each bank change or creation request to ensure it complies with Vendor Master Governance policies and internal controls.
• Conduct due diligence checks to confirm accuracy, legitimacy, and completeness of financial information.
• Verify and validate bank account details for third-party partners, suppliers, and customers, mostly US-based but also some international parties.
• Review and process banking change requests, ensuring proper documentation, approvals, and adherence to standards.
• Collaborate with Accounts Payable, Procurement, and Compliance teams to resolve discrepancies and enforce data governance standards.
• Monitor and flag suspicious activities or potential fraud risks related to banking data.
• Maintain up-to-date and accurate vendor banking records in ERP systems (e.g., SAP, Oracle).
• Ensure adherence to internal controls, SOX compliance, and global regulatory requirements.
• Support internal and external audits by providing required documentation and analysis.
• Assist in continuous improvement of verification processes, controls, and Vendor Master Governance practices.

Qualifications

• Bachelor’s degree in Finance, Accounting, Business Administration, or related field preferred.
• 2+ years of experience in bank verification, accounts payable, or financial operations.
• Familiarity with Vendor Master Data processes and governance frameworks.
• Knowledge of banking regulations, KYC (Know Your Customer), and fraud prevention practices.
• Experience working in a multinational or regulated industry (pharmaceuticals preferred).
• Proficiency in ERP systems (DSP/SAP) and Microsoft Office Suite (Excel, Word).
• Strong attention to detail and analytical skills.

Skills

• Knowledge of global payment methods (SWIFT, IBAN, ACH, etc.).
• Experience handling vendor master data and governance controls.
• Ability to work in a fast-paced, cross-functional global environment.
• Strong communication skills and ability to interact with international stakeholders.

Key Competencies

• Integrity and confidentiality
• Risk awareness and compliance mindset
• Problem-solving and critical thinking
• Organizational and time management skills

Benefits

• Paid time off (vacation, holidays, sick)
• Medical, dental, and vision insurance
• 401(k) retirement plan
• Eligibility to participate in short-term incentive programs