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Deposit Operations Processor Jobs in Ohio (NOW HIRING)

... Operations) to ensure compliance enterprise wide Assist in the implementation and execution of the Risk and Control Self-Assessment process for deposit compliance Partner with business leaders to ...

This role will support multiple functions and processes within Lockbox in Payment and Deposit Operations, focusing primarily on working with Service and Support teams in procedure development ...

Data Entry Specialist

West Chester, OH · On-site

$16 - $21.50/hr

... processing questions. * Assist with ACH file analysis, NACHA compliance requirements, and ongoing operational procedures. Key Skills: * Banking, deposit operations, electronic payments, or retail ...

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Deposit Operations Processor information

What is the difference between Deposit Operations Processor vs Deposit Clerk?

AspectDeposit Operations ProcessorDeposit Clerk
CredentialsHigh school diploma; some roles may require banking certificationsHigh school diploma or equivalent
Work EnvironmentBank back-office, processing transactions and dataBank branch, customer service area
Employer & Industry UsageFinancial institutions, banksBank branches, credit unions
Primary ResponsibilitiesProcessing deposits, verifying transactions, data entryAssisting customers, handling deposits and withdrawals

The Deposit Operations Processor primarily handles back-office transaction processing and data verification, while the Deposit Clerk interacts directly with customers at the branch, focusing on deposit and withdrawal services. Both roles are essential in banking operations but differ in responsibilities and work environment.

What are some of the most common challenges faced by Deposit Operations Processors, and how can they be managed effectively?

Deposit Operations Processors often encounter challenges such as handling high transaction volumes, ensuring accuracy under tight deadlines, and staying updated with regulatory changes. Managing these challenges requires strong attention to detail, effective time management, and a solid understanding of banking compliance standards. Collaborating closely with team members and leveraging automated systems can also help maintain accuracy and efficiency. Continuous learning and proactive communication with other departments are key to addressing issues promptly and minimizing errors.

What are Deposit Operations Processors?

Deposit Operations Processors are banking professionals responsible for handling and processing various financial transactions related to customer deposit accounts, such as checking and savings accounts. They ensure the accuracy and timeliness of deposits, withdrawals, account transfers, and other related transactions. Their role often involves reconciling balances, resolving discrepancies, maintaining compliance with banking regulations, and providing support to both internal teams and customers. Attention to detail and strong organizational skills are essential in this position to prevent errors and maintain the integrity of financial records.

What are the key skills and qualifications needed to thrive as a Deposit Operations Processor, and why are they important?

To thrive as a Deposit Operations Processor, you need a strong attention to detail, understanding of banking procedures, and familiarity with compliance regulations, typically supported by a high school diploma or relevant experience. Proficiency with banking software, document imaging systems, and Microsoft Office applications is usually required. Strong organizational skills, teamwork, and effective communication help you excel in managing high volumes of transactions and resolving discrepancies. These skills are crucial for ensuring accurate processing, regulatory compliance, and maintaining the integrity of financial operations.
What are popular job titles related to Deposit Operations Processor jobs in Ohio? For Deposit Operations Processor jobs in Ohio, the most frequently searched job titles are:
What job categories do people searching Deposit Operations Processor jobs in Ohio look for? The top searched job categories for Deposit Operations Processor jobs in Ohio are:
What cities in Ohio are hiring for Deposit Operations Processor jobs? Cities in Ohio with the most Deposit Operations Processor job openings:
Deposit Operations Manager

Deposit Operations Manager

General Electric Credit Union

Cincinnati, OH • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 5 days ago


General Electric Credit Union rating

8.5

Company rating: 8.5 out of 10

Based on 9 frontline employees who took The Breakroom Quiz


Job description

Deposit Operations Manager
Primary Duties and Responsibilities:
General Electric Credit Union is a not-for-profit, member-owned full service financial institution headquartered in Cincinnati with branches in Ohio and Kentucky. At GECU, we pride ourselves on maintaining quality service, being an employee-friendly workplace, and developing our team members while teaching you the skills to lead you to career advancement opportunities.
Overview:
The Deposit Operations Manager will oversee and manage all aspects of deposit operations, ensuring that processes are efficient, accurate, and compliant with regulatory standards. The Deposit Operations Manager will be responsible for strategic planning, team leadership, and collaboration with other departments to enhance operational effectiveness.
Essential Responsibilities:
  • Develop and implement strategies to improve deposit operations, ensuring alignment with organizational goals
  • Lead, mentor, and develop the deposit operations team, fostering a culture of excellence and continuous improvement
  • Oversee daily deposit operations tasks such as file maintenance, non-member deposit processing, dividend checks, IRA, and processing of Trust and POA accounts
  • Ensure all operations comply with federal and state regulations, maintaining the confidentiality and security of sensitive data
  • Act as a liaison between Deposit Operations and other departments, assessing current and future needs and ensuring proper staffing and resources
  • Research, recommend, and implement new methods, procedures, policies, and services to enhance operational efficiency ensuring accuracy and compliance with regulatory standards
  • Assist with the planning and implementation of the departmental budget, ensuring cost effective operations
  • Monitor and evaluate the performance of the deposit operations team, providing feedback and implementing improvements as necessary
  • Prepare and present regular reports on operational performance, issues, and improvements to senior management
  • Perform other duties as assigned to support the overall goals of the organization
  • Must understand and comply with all required federal and state regulations associated with this position

Education and Experience:
  • High School diploma or GED required; Bachelor's Degree in Business Administration, Finance, or a related field preferred
  • 5+ years of experience in credit union or banking operations, with 3+ years in a supervisory or managerial role
  • Relevant certifications in banking operations or management are a plus

Knowledge, Skills, and Abilities:
  • Strong leadership and team management skills, with the ability to motivate and develop staff
  • Excellent written and verbal communication skills
  • Exceptional organizational skills, attention to detail, and the ability to multitask
  • Proficient in MS Office, including Word and Excel; knowledge of DNA and Ascensus preferred.
  • Strong analytical and problem-solving skills
  • In-depth understanding of federal and state regulations related to deposit operations
  • Commitment to providing excellent internal and external member service
  • Ability to apply training principles into practice and expand knowledge of GECU products and services

At GECU, we want to support your wellbeing by offering a wide range of benefits:
  • Health, Dental and Vision insurance
  • Life and Disability insurance options
  • Paid Time Off starts accruing once hired and take your birthday off -paid
  • 401k Retirement plan with up to a 10% match of your base gross compensation
  • Tuition reimbursement opportunities & professional development
  • Volunteer opportunities -and earn additional PTO hours!
  • On-site clinics for Vaccines and Mammograms

And many more!
Come join GECU as we are a curated culture of respect, understanding, and mutual recognition. We believe forming bonds and connecting with each other only stands to strengthen the service we provide to our members in our mission of improving the Quality of Financial lives!
General Electric Credit Union is an Equal Opportunity Employer