ACH Manager - Richfield, NJ Job Listing at Valley Bank in Clifton, NJ (Job ID 24-467)

Description

Responsibilities include but are not limited to:

• Provides leadership and guidance to direct reports to ensure understanding and compliance of changes in processes, policies and procedures, applicable laws, and regulatory requirements. Ensure management skills are conveyed to Direct Reports creating success in the processing, support, and compliance of all electronic payment channels.
• Establishes goals for the department in accordance with and in support of bank objectives; determines work priorities.
• Supervise daily processing and settlement of all electronic transactions received from the Automated Clearing House, the bank's online services and third parties.
• Ensure the department's risk management program encompasses the complexity of the bank's activities including third party originators, compliance risk and transaction risk.
• Responsible for the supervision of ACH exposure monitoring; minimizing losses through quality control, system compliance and that services meet customer service level commitments.
• Acts as a liaison for Regulatory Compliance, Executive Risk and Educational Resources in designing/facilitating and assisting in ACH regulation and compliance training for the bank and originating companies.
• Evaluates existing systems to ensure compliance with regulations; coordinate testing required for system upgrades, data conversions, and expansion of services.
• Responsible for the accuracy of departmental statistical reports in accordance with bank policies and NACHA regulations and guidelines.
• Responsible for solid, sound policies and procedures resulting in satisfactory audit ratings for the department; follows up on any audit issues making sure they have been properly resolved.
• Supervise the set up and maintenance associated with the Treasury Solutions products for customers utilizing ACH.