Company: Valley Bank
Location: Clifton, NJ
Career Level: Associate
Industries: Banking, Insurance, Financial Services
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.
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