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Wire Transfer Specialist

First Midwest is a growing regional bank with 2,000 great employees and over 100 locations throughout Chicago land including northern Indiana, Champaign and Quad Cities. We are a premier relationship-based banking franchise in the growing Chicagoland banking market. As one of the Chicago metropolitan area's largest independent bank holding companies, First Midwest provides the full range of both business and retail banking and trust and investment management services. First Midwest was recently recognized by the Alfred P. Sloan Awards for Business Excellence in Workforce Flexibility in the greater Chicago Area.
POSITION SUMMARY:
Responsible for processing all domestic and international incoming and outgoing wire transfers on all systems (Fedline, PAYPlus USA, Business Express) accurately using good judgment while adhering to performance standards. Career opportunities for those with leadership abilities.
DUTIES/RESPONSIBILITIES:
Telephonically accept wire transfer requests from clients and field personnel
Perform various security related functions such as PIN verifications and callback confirmations to validate the authenticity of outgoing wire transfers
Analyze outgoing wire requests to determine if in strict compliance with policies and procedures
Review the purpose of the wire transfer and consider if reasonable to effectively eliminate potential fraud situations
Determine if the wire transfers violate any established regulations
Interact with departments throughout the bank by providing support for screening wire transfer requests for fraud and suspicious activity
Assist/train clients to process wire transfers on the Bank's cash management internet product
Assist clients with the completion of wire transfer authorization forms to ensure they are set up effectively in order to process wire transfers efficiently based on the company's framework and the Bank's policy requirements such as initiation and callback confirmations
Assist with resolving any wire transfer system issues
Determine the daily reserve requirement position, daily cash position and federal fund needs including projections going forward
Monitor market conditions for Fed Fund sales and purchases and communicate appropriately
Learn and utilize Federal Regulations that govern wire transfer transactions to minimize/eliminate any potential loss to the bank.
Complete daily balancing and end of day procedures within a reasonable time
Participate in any Disaster Recovery and Contingency testing as required
Other Duties:
Participate with other wire transfer staff and management with special research projects related to implementing new products, controls and system enhancements
Assist in maintaining system back ups and hard copy records as required
Participate in all required training sessions for compliance
Requirements
REQUIRED EDUCATION, EXPERIENCE AND SKILLS:
High School Diploma, or GED
35 WPM accurate typing speed
High proficiency in computer skills specifically Microsoft Word and Excel
Excellent ability to work in a team environment
Sound attention to detail
Excellent written communication, oral communication and phone etiquette skills
Strong organizational skills and ability to handle multiple projects
Ability to define problems, collect data, establish facts and draw valid conclusions
Ability to apply concepts such as fractions and percentages to foreign exchange transactions
Ability to work under pressure and meet strict deadlines on a daily basis
First Midwest Bank continually looks for highly motivated and talented individuals. Our people are critical to the Bank's strategy and success. In return we offer competitive salaries, a bonus plan, outstanding benefits like 401K plus 6% company contribution, generous vacation plan, certification and continuing education support, and opportunities for career growth.
EOE/Minorities/Females/Vet/Disability
#CB
#LI-DF1
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
Please view Equal Employment Opportunity Posters provided by OFCCP here.
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information.
EOE/Minorities/Females/Vet/Disability

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