Deposit Operations Analyst - ACH

Vaco Memphis is hiring a Deposit Operations Analyst. The Deposit Operations Analyst will be responsible for all duties associated with the daily functions and processing of the Deposit Operations, knowing ACH regulations and understanding the related impact on financial institutions.

Shift available (10am-7pm)

Main Job Tasks and Responsibilities :

• ACH origination and compliance monitoring.
• Balance cash letter and bank cash daily.
• Collection items processing.
• Customer Service support.
• Ability to balance debit card activity.
• Monitoring all Deposit related retention and compliance.
• New deposit account opening and special item processing as needed.
• Online and mobile banking monitoring and support.
• Perform daily and monthly reconcilements.
• Process daily overdrafts based on the banker's decision, and work through any adjustments or chargebacks.
• Process garnishments as directed by Legal / Compliance.
• Process Reg D Letters.
• Process Stops and ACH return items.
• Review and monitor of Deposit maintenance reports such as dormant accounts, large dollar items, etc.
• Settle the bank funds daily.
• Year-end processing and compliance.
• Maintain a working knowledge of all compliance regulations and ensure the bank adheres to said regulations.
• Assist Bank Operations and Branch Administration as needed and as directed by management.
• Additional responsibilities and duties as directed by Leadership. Education and Experience
• High school diploma with experience in banking industry or related field preferred.
• ACH experience and Deposit / Bank Operations experience preferred.
• Working Knowledge and understanding of all banking regulations. Key Competencies
• Must possess accurate typing, spelling and grammar skills as well as superior written and oral communication skills.
• Must possess the ability to set priorities and meet deadlines.
• Must be willing and capable of defining problems and taking initiative to propose practical solutions.
• Strong communication, leadership, and attention to detail
• Ability to communicate and build rapport with others in core departments and with internal and external business partners.
• Take initiative, be able to organize and prioritize daily responsibilities and meet established deadlines.
• Ability to work overtime if / when needed.

Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.

EEO Notice

Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.

Vaco LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco LLC and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations.

If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and / or to receive other benefits and privileges of employment, please contact HR@vaco.com .

Vaco also wants all applicants to know their rights that workplace discrimination is illegal .

By submitting to this position, you agree that you will be giving Vaco the exclusive right to present your as a candidate for the foregoing employment opportunity.

You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications.

You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application.

In exchange, Vaco agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.

Privacy Notice

Vaco LLC and its parents, affiliates, and subsidiaries ("we," "our," or "Vaco") respects your privacy and are committed to providing transparent notice of our policies.

• California residents may access Vaco's HR Notice at Collection for California Applicants and Employees here .
• Virginia residents may access our state specific policies here .
• Residents of all other states may access our policies here .
• Canadian residents may access our policies in English here and in French here .
• Residents of countries governed by GDPR may access our policies here .

Pay Transparency Notice

Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to :

• the individual's skill sets, experience and training;
• licensure and certification requirements;
• office location and other geographic considerations;
• other business and organizational needs.

With that said, as required by local law, Vaco believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure.

The individual may also be eligible for discretionary bonuses.