Operations Analyst I- International Banking at Eastern Bank

Posted in Other 4 days ago.

Location: Lynn, Massachusetts





Job Description:

Under limited supervision; perform high level of daily functions related to International Banking and Account Recon, to include execution, quality control review and sign off to daily processing.


MAJOR RESPONSIBILITIES
:



International Banking Operations




  • Process foreign exchange, foreign currency and foreign check transactions
  • Collection, set-up and confirmation of standard settlement instructions.
  • Manage internal and external customer inquiry and servicing requirements.
  • Creation and delivery of customer statements for multi-currency accounts.
  • OFAC processing to mitiage risk of processing transactions to sanctioned parties..
  • Initiate daily funding requirements of vendors by calculating activity and processing USD wires.
  • Perform review, quality control and execution of Trade Banking activity
  • Account Reconciliation

  • Daily, weekly, and monthly reconcilement of forward contracts, deposited funds, DDA and GL accounts, and multi-currency accounts to manage financial exposure both for customers and Eastern Bank.
  • Daily reconciliation of funds received for customer transaction commitments.
  • Quality control and support of Account Reconciliation processing


Other




  • Acts as a resource in conjunction with (or in absence of) department management to provide support for complex issues and questions by utilizing in depth knowledge of all processes as well as upstream and downstream impacts within their area(s) of focus.
  • Periodic updating of standard operating procedures and controls.
  • Conduct scheduled compliance monitoring and controls testing to ensure compliance with regulatory guidelines and bank policies and procedures
  • Assist in various aspects Business Continuity planning and testing


PROBLEM SOLVING & DECISION MAKING
:


Position requires the ability to make independent decisions for mid-level issues; the ability to identify potential solutions for more complex or uncommon issues for recommendation or approval from management. Must be able to evaluate risk and identify issues for immediate remediation.


REQUIREMENTS
:


Education and Experience




  • High School Diploma or equivalent required.
  • 5+ years financial services experience
  • 2+ years experience with foreign exchange operations and reconciliation.


Skills/Knowledge




  • The incumbent should possess strong communication and organizational skills, as well as strong customer service skills. Attention to detail is required. They must be proficient in PC environment with experience in MS Office suite of products. They must be able to work independently, as an effective member of the team, and to seek and take direction.

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