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VP Deposit Operations

Company: Mainstreet Bank
Location: Sterling
Posted on: May 22, 2023

Job Description:

Summary: Supervises and controls the development, implementation, and daily functions of the Bank's Deposit Operations units. Work is preformed in our Operations Center located in Sterling, VA. Specific Job Functions:

  • Responsible for the day to day direction and management of the Bank's Deposit Operations team.
  • Ensures that all activities relating to deposit customer service are performed efficiently and accurately.
  • EOY IRA Distribution Letters processing and IRA account maintenance
  • Federal Reserve Location set up for Brinks-Avenu needed
  • Yearly Escheatment Reporting
  • Account Charge offs and Reporting
  • Handles Legal Requests such as Garnishments, Levies, Liens and Subpoenas
  • Performs and oversees research and analysis of deposit accounts for various purposes; takes appropriate action.
  • Ensures accurate information, retention and record keeping.
  • Performs or directs any required balancing and reconciling activities relating to deposit accounts.
  • Participates in new product and service implementations
  • Assists with establishing specific goals for the department; implements strategies to achieve these goals.
  • Determines work procedures and expedites workflow while working closely with Retail Operations, Business Banking and Payments.
  • Fulfills audit responsibilities of the department.
  • Ensures all work is completed on an accurately and timely basis following departmental policies and procedures and in compliance with appropriate state and federal regulations.
  • Analyzes operational problems and develops procedures for their resolution.
  • Participates in training related to Bank Secrecy Act/Anti-Money Laundering requirements of the institution as it relates to the specific position held and is able to effectively identify transactions or situations relative to the position that would not follow the BSA/AML Policy of the institution. Job Requirements:
    • Bachelor's degree in business or related field or equivalent work experience.
    • Minimum of 5 years of experience in a related position.
    • Strong knowledge of bank operations functions.
    • Ability to facilitate and manage change.
    • Supervisory experience.
    • Strong analytical and problem solving skills.
    • Strong computer skills with the ability to become proficient in Bank systems.
    • Strong verbal, written and interpersonal communication skills.
    • Ability to demonstrate initiative and flexibility/adaptability under tight deadlines.
    • Ability to prioritize and follow through on work assignments.
    • Ability to work in a team environment.
    • Jack Henry experience is highly desiredPhysical Demands/Requirements:The physical demands described below are representative of those that must be met to successfully perform the essential functions of this job. They are subject to change at any time due to reasonable accommodation or other reasons. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
      • Sitting for extended periods of time.
      • Walking; bending at the waist; dexterity of hands and fingers to operate a computer.
      • Hearing and speaking to exchange information in person or by phone.
      • Seeing to read and analyze complex data.Working Conditions:
        • Work is performed in a normal office environment. At MainStreet Bank we strive to bring talented, team-oriented individuals on staff to meet and exceed our customers' needs. MainStreet team members enjoy a friendly working environment, opportunity for personal and professional growth, generous benefits and access to resources for improving their well-being.For more information visit our website at .MainStreet Bank is an equal opportunity employer. Employment selection and related decisions are made without regard to sex, race, age, disability, religion, national origin, color or any other protected class.


Keywords: Mainstreet Bank, Sterling , VP Deposit Operations, Executive , Sterling, Virginia

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