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Money Transfer Check Processing Specialist

Company: MUFG
Location: Tempe
Posted on: June 12, 2021

Job Description:

Money Transfer Check Processing Specialist

  • Requisition # 10041796-WD
  • Job Type Day
  • Location Tempe, ARIZONA
  • Date Posted 04/22/2021

Your potential. Your opportunity.

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2020).In the Americas, we're 13,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, developing positive relationships built on integrity and respect. It's part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. We're a team that accepts responsibility for the future by asking the tough questions and owning the solutions. Join MUFG and be empowered to make your voice heard and your actions count.

We're seeking a Transaction Banking Specialist to perform the Proof and Reconciliation and Undeliverable Mail functions at the Bank, which include responsibilities that are time-sensitive and require meticulous record keeping. You will need to reconcile and resolve any discrepancies and provide management with the details necessary to minimize exposure.

Job Summary:

To assist the section in fulfilling its objectives, the Incumbent's functions, 'in order of importance', include: Timely and accurate POD & In-clearing Processing. Daily, Weekly, and monthly customer statement Processing. Timely and accurate customer Mail Deposits processing. Check Verification of all checks over $25K. Management Reporting. Workflow Management and Quality Control. The incumbent is also required to participate in all scheduled required UAT testing related to Check 21 project upgrades and their implementation.


POD & In-clearing Processing

  • Pull Inclearing files for all branches, from the FED and fix repairs for proof and submission to systems department for posting to OVS.
  • Scan checks received for deposit thru Vision IP for NY, Chicago and LA Branches
  • Coordinate and reconcile all NYB, Chicago and LA Branches POD files for transmission to the FED via Vision IP Axway.

Statement / Advice Processing

  • Build Recon/IRIS Database in Vision IP
  • Initiate Statement Processing in IRIS for transmission to FSSI.
  • Participation in EOM Statement Creation via VPN on a rotating basis.

Mail Deposits

  • Process daily mail deposits, ensuring all processing requirements are satisfactory fulfilled, (e.g., verifying account name and number correspond).
  • Coordinate with Front Office in the resolution of identified discrepancies. Track and ensure inquiries are resolved within prescribed time frames.
  • Maintain Log used to track accounts that do not have preprinted deposit slips.

Antinori (Fraud Detection)

  • Review and Analyze checks presented for payment reflected on ASI report for Suspicion of Fraud.
  • Refer suspect checks to Front Office for disposition.
  • Track and ensure referred items are resolved within prescribed time frames.

Deposit Returns

  • Download and print Deposit Returns PDF from the Fed.
  • Notify Front Office of Deposit Returns for Disposition.
  • Settle Deposit Returns via OVS DD100 transaction between Customer's account and Fed.

On Us Returns

  • Obtain instructions from Front Office of referred Check Verification/Antinori Check Suspects to be returned to the BOFD thru Fed.
  • Create Cash Letter for Transmission to the Fed via Axway.
  • Settle On-Us Returns via OVS DD100 and DD300 Transaction between Customer's account and Fed.
  • Notify the Bank of First Deposit thru EARNS Notification for checks $2,500.00 and greater.

Check Verification

  • Perform the signature verification process, ensuring that: signatures match the Bank's signature verification file and identified discrepancies are resolved and reported in accordance with established procedures.
  • Conduct the 'check review process' identifying and promptly reporting discrepancies related to: numerical and written dollar amounts; encoded bar; endorsements and "stale dates".

Management Reporting

  • Prepare required statistical reports, providing Management with data necessary for evaluating productivity, efficiency, and quality, and implementing revised and/or new practices for correcting identified problems Transfer Pricing.

Workflow Management

  • Identify, report, and resolve identified discrepancies - in accordance with established procedures.
  • Identify process and procedural related issues that may encumber efficiency; implement and monitor cost-effective 'action plans' designed to resolve said issues.
  • Respond to Mail Deposit inquiries, ensuring timely resolution of reported issues.

Quality Control

  • Assist Officer in Reporting and resolving identified discrepancies in a timely manner.


  • HS Diploma or Equivalent
  • Minimum 1-3 years back office operations experience.
  • Proficiency in MS Word and Excel.
  • Accounting Skills Preferred.
  • Knowledge of Check 21 Vision IP Processing a plus.

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.

We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.

A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.

Keywords: MUFG, Tempe , Money Transfer Check Processing Specialist, Other , Tempe, Arizona

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