Associate Deposit Operations Specialist

About Us

How This Role Impacts Live Oak and its People

We are on a mission to be America’s small business bank. Our deposits help fund loans for small businesses across the country. As an Associate Deposit Operations Specialist, you help fuel the growth of small businesses. The Associate Deposit Operations Specialist is responsible for all deposit operational activity for the bank including account maintenance, money movement, and reconciliation. This position promotes business for the bank by maintaining relationships with internal and external bank customers.

The Associate Deposit Operations Specialist​ is a designated essential employee and may be required to be available after hours, and to work either in the office or remotely during inclement weather or a disaster scenario.

What You’ll Do at Live Oak

• Maintain knowledge and understanding of bank policies and procedures

• Process ACH transactions, ACH returns and ACH files using various banking platforms within the governance of NACHA rules and guidelines

• Open collateral and bank-controlled accounts per requirements of the lending relationship

• Maintain and update account holder information across multiple banking systems

• Research and resolve deposit account and general ledger reconciliation differences

• Monitor and review online deposit applications to ensure accurate documentation has been obtained

• Monitor and address all exception items including non-post, stop pays and NSF transactions

• Handle incoming and outgoing wire requests

• Issues and maintains debit cards

• Handles debit card disputes

• Adhere to all regulatory requirements and training

How You’ll Do It

• Organize, plan, and prioritize

• Apply knowledge of deposit products, services, rules, and regulations

• Pay close attention to detail to ensure accuracy and to minimize mistakes

• Take steps to reduce adverse effects and mitigate risk

• Effectively communicate with others and adapt communication style as needed

• Demonstrate willingness to learn, accept feedback, improve, and adapt to change

• Follow regulatory requirements including those pertaining to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Customer Identification Program (CIP), and OFAC to assist in the identification, detection, and determent of money laundering or other unlawful activities

Required and Preferred Experience

• A minimum of two years banking experience strongly preferred

• Bachelor’s degree or equivalent industry experience required

• Knowledge of banking regulations preferred

To Thrive at Live Oak

• Gravitate to Growth – Shows adaptability and support for changes to improve organizational effectiveness.
• Communicate and Collaborate – Communicates clearly and thoughtfully, demonstrating empathy in teamwork.
• Eye of the Tiger – Gets positive results by taking personal responsibility for actions and team outcomes.
• Know Your Business – Curates and maintains a depth of knowledge and skill to perform one’s job effectively.
• Customer at the Center – Provides customers with a personalized experience to achieve exceptional outcomes.

For a detailed overview of our employee benefits please visit: https://www.liveoakbank.com/corporate-social-responsibility/live-oak-bank-employees/

Live Oak Bank is an Affirmative Action and Equal Opportunity Employer, Minorities/Women/Veterans/Disabled. We consider applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, veteran status or disability. Equal access to programs, service and employment is available to all persons. Those applicants requiring reasonable accommodation to the application and/or interview process should notify human resources at [email protected]

EEO is the Law

Commitment to Diversity
Live Oak Bank is committed to creating and maintaining a workplace in which all employees have an opportunity to participate and contribute to the success of the business and are valued for their skills, experience, and unique perspectives. This commitment is embodied in company policy and the way we do business at Live Oak Bank and is an important principle of sound business management.

The base pay range for this position is $19.23 - $31.25 per hour. Compensation may also include annual bonuses and long-term incentives, subject to various metrics and company policy. A candidate’s salary is determined by several factors including travel, relevant work experience or skills and expertise.

Please note that we provide at least the minimum requirement of paid sick leave to our employees who reside in states that require employer-paid sick leave, including but not limited to Arizona, California, Colorado, District of Columbia, Maine, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New Mexico, New York, Oregon, Rhode Island, Vermont, and Washington.