Deposit Operations Manager at DFCU Financial (Detroit, MI)

| Detroit, MI
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Join the DFCU Financial team today, and discover the benefits, rewards and development opportunities from one of Michigan's largest and best managed credit unions.

The Opportunity: We are seeking a full time Deposit Operations Manager to join our team. In this role, qualified candidates will provide day-to-day oversight to the operations team for all aspects of the Credit Union's deposit operations. Provide leadership to ensure quality service and regulatory compliance. Manage vendor relationships necessary to complete daily functions. Provide oversight of third-party request completion, such as subpoenas, garnishments and levies, and ensure deadlines are met.

What You'll Do:
  • Manage operations team that handles processing, balancing and reconciliation of incoming financial files, including image files from branches, mobile banking, ATMs and Alloya, incoming ACH and returned check files from Federal Reserve, originated ACH files from Q2, Zelle transactions from Fiserv, LockBox deposits and US Mail.
  • Provide effective leadership, supervision, mentoring and coaching to the operations team. Manage staffing, recruitment, scheduling and performance management. Develop staff to build knowledge and expertise, ensure they have required training, and are cross trained to cover other's job duties.
  • Manage daily ACH activities to ensure regulatory compliance and adherence to NACHA rules. Keep abreast of changes to NACHA rules and Regulation E.
  • Manage daily check processing activities to ensure compliance with Federal Reserve Bank and ECCHO regulations.
  • Oversee the wire transfer process ensuring that policies and procedures maintain the highest level of authorization security to protect unauthorized movement of funds.
  • Ensure timely and accurate adjustments to member accounts.
  • Proactively review processes and workflow to identify, recommend and develop procedural and system related opportunities to increase efficiency.
  • Interact with business partners and vendors to ensure optimal performance of software, equipment, upgrades, testing and personnel.
  • Develop, implement and maintain operational procedures to maximize efficiency and quality work.
  • Maintain a high level of subject matter expertise for daily operational functions and make exceptions to policy or procedure as needed.
  • Manage adjustment process of assigned bank accounts and general ledgers associated with daily processes. Adhere to internal timeframes for reconciliation and reporting.
  • Maintain administrative controls and access to specialized software and correspondent bank relationships.
  • Responsible for Disaster Recovery/Business Continuity planning and implementation.
  • Prepare and monitor Deposit Operations statistical data.
  • Provide general administrative direction including assistance with department budget and recommending and implementing programs and policies.
  • Attend seminars and conferences to achieve or maintain professional accreditation.
  • Participate in daily operational duties.
  • Participate in projects as assigned.

What You'll Need:
  • Bachelor's degree.
  • Four years financial accounting experience.
  • Five years financial services operations experience.
  • Five years supervisory experience.
  • ACH certification or the ability to obtain the certification.
  • Leadership skills.
  • Strong analytical, math and problem-solving skills.
  • Ability to utilize technology to solve business problems.
  • Excellent interpersonal skills, including effective verbal and written communication.
  • Consistent positive, cooperative, self-motivated, courteous and professional attitude.
  • Ability to work independently and meet policy-imposed deadlines.
  • Record of accomplishment and career growth.

What We Offer:
  • 401k plan match, dollar for dollar up to 4%
  • 401k additional employer contribution after one year at 5%
  • Medical, dental and vision insurance
  • Health savings account (HSA)
  • Flexible spending accounts for medical and dependent care expenses
  • Wellness initiatives and reimbursements
  • Pre-paid legal services plan
  • Identity protection plan
  • Accident supplemental plan
  • Short & long term disability plans paid for by company
  • Company provided basic life insurance of $50,000 plus supplemental for employee, spouse and child
  • Free financial planning assistance
  • Numerous fun employee events throughout the year
  • Volunteer and community engagement opportunities
  • Discounts with local and national companies through DFCU Perks
  • New employee breakfast with the President
  • Service / anniversary awards
  • New employee discounts for company logo wear
  • Recognition and awards for outstanding team and individual performance (branch and member service center employees)
  • Gain share / bonus program
  • Employee referral payouts for recruiting your friends and family
  • Paid lunch time
  • Cash incentives for obtaining performance goals
  • Tuition reimbursement / Education assistance
  • Ongoing training opportunities
  • Leadership development program
  • Paid time off
  • Paid holidays (~10 per year)
  • Flexible scheduling for students

Equal Opportunity Employer / Disabled / Veterans

Other details
  • Pay Type Salary

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More Information on DFCU Financial
DFCU Financial operates in the Financial Services industry. The company is located in Dearborn, MI. DFCU Financial was founded in 2022. It has 501 total employees. It offers perks and benefits such as Flexible Spending Account (FSA), Disability Insurance, Dental Benefits, Vision Benefits, Health Insurance Benefits and Life Insurance. To see all 1 open jobs at DFCU Financial, click here.
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