Deposit Operations Assistant Manager

New York, NY

About Us:

Piermont Bank is a digital commercial bank with a mission to serve fast growing companies at the speed they need. Entrepreneur-led and tech-forward, we offer a fully digital experience coupled with meaningful banker relations.  We believe in being a partner for enterprising companies, acting as a funding catalyst for mid-market innovation and growth.  Piermont’s financial solutions and expertise empower our business community to thrive.  At Piermont, we are purpose-driven, responsive and practical, delivering integrated and flexible solutions that create value for clients in today’s fast-changing economy. For more information, visit www.piermontbank.com. 

The Role:

The Deposit Operations Assistant Manager will primarily be responsible for ensuring daily tasks are assigned and completed within the necessary timeframe.  This employee will include themselves on daily tasks and become a point of contact for other departments as well as Bank partners.

Responsibilities:

  • Ensure all tasks are assigned and completed, and all reports are uploaded properly.
  • Point of contact in the absence of the Deposit Operations Manager
  • Assist with audit requests.
  • Assist in the creation of departmental efficiencies.
  • Ability to reconcile several internal accounts and general ledgers daily, weekly, and monthly.
  • Coordinate the application and setup process of Electronic Banking services for new clients.
  • Monitor, process and return ACH, check, and wire transactions/files as necessary.
  • Perform inquiries applicable to the various products, services and functions supported by Deposit Operations.
  • Perform a variety of adjustments, account corrections and transactions for both loans and deposits.
  • Perform daily review of departmental reports and help in creating monthly Board reports.
  • Resolve exception items daily.
  • Ensure the proper review and amendments of all Retirement Accounts (IRAs).
  • Perform periodic reviews and cleanups of internal systems.
  • Create departmental procedures.
  • Process and perform follow-ups on incoming and outgoing ACH, wire, check, and debit card claims.
  • Train new employees within the Deposit Operations department.
  • Perform other duties and special projects as assigned.

Qualifications:

  • Ability to exhibit in-depth knowledge of bank operations, banking rules and regulations.
  • Ability to function independently, as well as in a team setting, within a multi-task environment.
  • Strong understanding of NACHA and check rules and regulations.
  • Good communication, verbal, and written skills.
  • Knowledge of Fiserv products including, but not limited to, Premier, WireXchange, Business Analytics, and Access Manager as well as FedLine are a plus.
  • Knowledge of BaaS and fintech program operations are a plus.

The hiring range for this position is $100,000 to $120,000 per year. The base pay actually offered will take into account internal equity and also may vary depending on the candidate’s job-related knowledge, skills, and experience, among other factors. A bonus and/or incentives may be provided as part of the compensation package, in addition to the full range of medical, dental, vision, 401k, and other benefits.

Piermont Bank is an equal-opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, political affiliation, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, height, weight, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.

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