Central Banking Operations Analyst - Seal Beach, CA

Job Summary · The Central Banking Operations (CBO) Analyst is responsible for process analysis within Central Banking Operations department. This position supports and executes initiatives and projects impacting the division under the guidance of the CBO Administrator and the Dir ...

Job description

Job Summary

The Central Banking Operations (CBO) Analyst is responsible for process analysis within Central Banking Operations department. This position supports and executes initiatives and projects impacting the division under the guidance of the CBO Administrator and the Director of CBO. The CBO Analyst is responsible for providing task coverage, support, and assistance to the Central Banking Operations departments, consisting of Adjustments & Research (A&R), Cash Center Vault (CCV), Central Operations (COD), Item Processing (IP), and Operations Records (ORD). This position requires a high degree of self-motivation, innovative thinking, flexibility, and the ability to perform functions accurately, timely, and in compliance with regulatory requirements and established deadlines.

Essential Duties

• Support the Central Banking Operations Administrator and Director of Central Banking Operations with department responsibilities and projects.

o Conduct research, analyze data, monitor processes, and identify areas for process improvement.

o Formulate, define, and implement improvements to business processes and/or operations to enhance productivity/effectiveness.

o Assist with the tracking of CBO projects and deliverables.

o Perform project-related tasks assigned by Management, including preparing project documents, testing of new initiatives and processes, and obtaining required approvals.

o Create and maintain operational metrics and conduct ad hoc studies.

o Work collaboratively with technology, operations, compliance, legal, and sales teams to achieve stated goals and initiatives.

• Place cases with Core provider and other CBO vendors; work with business units to test and submit necessary documentation for change control board for production implementation.

• Provide support and coverage within the CBO divisions as assigned, performing various tasks and responsibilities in compliance with established procedures and directions.

• Perform tasks related to the division's first line of defense and internal control testing practices.

o Analyze, evaluate, and periodically review relevant compliance and risk management practices across CBO departments.

o Assist with the design, development, and execution of the 1LOD independent framework, which includes the development and ongoing enhancement of the controls testing and monitoring policy, standards, and procedures to define the program as well as the execution of testing to ensure controls are designed and are operating effectively. Align these materials to the ERM Internal Control Testing Policy and Framework and other Operational Risk Management standards such as RCSAs. o Actively participate with issue identification and resolution for operational areas.

• Support CBO audits and exams as it pertains to control testing approaches, methodologies, results, and documentation.

• Identify and assist in implementing process improvements in line with the Bank's strategic goals.

• Support CBO management with reviewing, documenting, and testing departmental policies and procedures.

• Create internal reports utilizing the Bank's database and other source systems.

• Assist with designing and updating process workflows, templates, and Laserfiche forms.

• Provide Management feedback pertaining to areas of concern or potential risks.

Complies with all State and Federal Banking regulatory requirements, including but not limited to: BSA, Anti-Money Laundering OFAC, CIP, Financial Elder Abuse Reporting, Sexual Harassment, Information Security, and privacy requirements. This position will elevate suspicious activity to supervisory staff and/or BSA department. Completes compliance and other technical training workshops as assigned.

Non-Essential Duties

• May assist in performing periodic certifications.

• Perform general clerical duties including but not limited to, photocopying, faxing, mailing, scanning, and filing.

• Serve as a department representative for Bank projects and initiatives as assigned by Management.

• Assist with the Core provider's annual release, performing administrative duties to facilitate an effective process.

Required Knowledge

• Bank Protection Act

• IRS tax reporting requirements

• Bank Secrecy Act and AML Requirements

• New Account Policies and Procedures

• Bank systems

• Operational Policies and Procedures

• Branch Operations (Teller, New Accounts, and Operations)

• Privacy Act

• Check Clearing Rules and Regulations

• Products & Services

• Enterprise Risk Management

• Regulations CC, D, DD, and E

• FDIC Insurance

• Safe Deposit Box Procedures

• IRA and HSA regulations

• Unclaimed Property Law and Regulations

Required Skills and Abilities

• Ability to build and implement control testing programs to evaluate the design and adequacy and effectiveness of key controls

• Client service skills

• Proficient with Microsoft Office applications

• Reporting skills

• Ability to prioritize and meet deadlines

• Sound analytical and organizational skills

• Ability to structure and develop quantitative and qualitative conceptual analysis

• Strong attention to detail

• Strong critical thinking and judgment

• Ability to use technology including, including, SQL, Power BI, Visio, internet applications, and SharePoint

• Strong oral and written communication skills

• Strong understanding of control frameworks, testing methodologies, and risk assessments

• Ability to work independently

• Working knowledge of department systems

• Assess situations and provide recommendations

• Working knowledge of Operations software

Officer Title Eligibility

For qualified positions, the Bank may designate an Officer Title to an employee who seeks and/or meets defined competencies for an eligible position. This position qualifies for the officer title(s) of Assistant Vice President, Vice President.

Equipment Operated

• Desktop Computers

• Standard Office Equipment (copiers, fax machines, telephones)

• Laserfiche Scanners

• Processing Equipment i.e., teller capture scanners, check printers, etc.

Physical Requirements & Work Environment

• Requires repetitive movement.

• Requires standing/sitting for prolonged periods of time.

• Requires viewing of computer monitors for prolonged periods of time.

• Requires using hands to handle, control, or feel objects.

• Office setting w/controlled temperature

• Requires lifting 20 lbs.

Travel

• Travel to attend offsite training sessions and meetings may be required.

Education and Experience

• Bachelor's Degree or equivalent work experience required.

• Knowledge of Core banking systems required.

As a part of the Bank's internal control systems, employees holding sensitive positions are required to be absent from their duties for a minimum of two consecutive weeks each year. This position has been deemed to meet the test for a sensitive position, and therefore you will be required to meet the minimum absence requirement every year.

This job description is not intended to be all-inclusive, and employees will be required to perform additional related work duties as assigned by their immediate supervisor and/or management.

Farmers and Merchants Bank of Long Beach reserves the right to revise or change job duties and responsibilities as the need arises. This job description does not constitute a written or implied contract of employment.