Senior Associate, Payment Processing/ACH Specialist

Job Summary

Community Federal Savings Bank (CFSB) is a full-service payments, lending and banking provider that delivers global financial services through a personal approach. CFSB offers a full range of banking services including ACH settlement services, pre-paid card issuance, and retail banking. In addition to serving our general customer base, we also service various types of money service businesses and FinTech companies.

Responsibilities

• Specialize in ACH Processing, understanding NACHA Rules and working with Third Party Senders, as well as all Originators to ensure the completion of annual audits.
• Ensure compliance with all regulatory requirements related to ACH/NACHA as well as Federal.
• Train and advise ACH staff as well as customers on all ACH rules and requirements.
• Recognize and identify ACH compliance issues and notify management when problems occur.
• Participate with the coordination of system upgrade testing, expansion of services, data conversions and business continuity testing.
• Prepare management reports on statistical information on ACH transaction volumes, dollar amount and returns.
• Coincide with internal auditors as required for periodic examinations.
• Develop and maintain policies, procedures, and controls for the ACH Operations Department.
• Work with the Compliance Department to ensure compliance with all banking regulatory requirements, perform self-assessments, reviewing disclosures and agreements, interface with auditors and regulators.
• Liaison with Bank’s ACH processors/service providers and support ACH customers.
• Perform periodic self-audits to ensure compliance with internal, external procedures and regulatory requirements.
• Ensure that all activities are performed in compliance with industry, federal, state and Bank Secrecy Act regulatory requirements.
• Respond to NACHA communications as needed.

Required Skills

• Excellent verbal and written communication skills.
• Knowledge of policies, procedures and updated regulatory requirements.
• Self-motivated with the ability to work independently as well as in a team environment.
• Ability to handle multiple tasks simultaneously and meet deadlines, while maintaining focus in an environment with conflicting demands and priorities.
• Excellent PC skills including Outlook, Word, Excel, and Office 365.
• Strong understanding of ACH and Merchant processing settlement functions.
• Strong experience in Bank Operations.
• Strong knowledge of Banking Regulations.
• Strong knowledge of NACHA rules, AAP certification is a plus.