Banking Operations Account opening

Good Understanding of Banking Operations in General
US Banks experience in Onboarding & Knowledge of US regulations related to Client Onboarding. Experience in handling - Client Onboarding, Client experience, Process & Research of account servicing requests Knowledge in Client Onboarding / Account Setup related functions: Documententation Review, DDA Setup in Core Banking, Product Activation (Payments/Treasury product knowledge prefered) & Maintenance activities KYC/ Negative & Sanction Screening functions (not mandatory) Experience in Payments/Treasury product knowledge prefered related to Onboarding & Maintenance such as ACH, Wires, Lockbox, RDC, Fraud Services & Other Cash products. Processing Payment/Treasury Setup & Servicing for customers - Product enablement, Limit setup, CCY setup, Approval setup, SSI setup, Account linkage & Adhoc requests related to account/product setup....etc (Maker function) Experience related to processing and researching of account related queries from customers Daily queue management of moderate to complex requests May act as a point of escalation and responsible for knowing proper escalation channels for issues Accountable for performing assigned functions with limited supervision efficiently and ensuring all regulations, procedures, and polices are adhered to Act as a first line of defense by addressing flags raised by transaction system. Adhering to bank policies, procedures, legal and compliance

Roles and Responsibilities :

• Manage account opening process from client onboarding to finalization, ensuring compliance with regulatory requirements.
• Conduct thorough KYC (Know Your Customer) verification for new clients, including reviewing documentation and conducting due diligence checks.
• Collaborate with internal teams to resolve any issues or discrepancies during the account opening process.
• Ensure accurate and timely completion of all necessary paperwork, forms, and applications.

Job Requirements :

• 1-9 years of experience in banking, finance, or a related field.
• Strong understanding of DDA (Direct Debit Authorization) procedures and regulations.
• Proficiency in payments processing systems and treasury management software.
• Excellent research skills for gathering information on potential clients.