Adjustments Research Specialist III

Mufg Tempe , AZ 85280

Posted 3 months ago

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2018) with total assets of over $2.9 trillion (106.2 (JPY) as of March 30, 2018) and 150,000 colleagues in more than 50 countries. In the U.S., we're 13,000 strong, working together to positively impact every customer, organization, and community we serve. At Union Bank, we aim to be the premier and most-trusted West Coast bank, serving customers with high-touch, local delivery and global capabilities as we leverage our rich, 150-year history. This is all part of our inclusive, high-performing culture supported by competitive Total Rewards, including our cash balance pension plan. Join a team that's working to fulfill its vision to be the world's most trusted financial group.

Job Summary:

Under general supervision, determine the rightful ownership of funds resulting from incorrectly processed work and protect the Bank's assets by resolving such discrepancies in a timely manner. This is the top level Adjustment Research Specialist.

Major Responsibilities:

  • Resolve differences and make appropriate adjustments by researching items via various sources, including established departmental audit trails, bank records, and tracers sent to other banks.

  • Workload consists of more difficult and critical cases.

  • Prepare transmittal letters and Bank and Federal Reserve advices to adjust errors located.

  • Trace missing items to depositor, utilizing unqualified audit trails.

  • Answer inquiries from branch offices, other departments, and customers concerning errors.

  • Reconcile and certify all assets and liability general ledger accounts for Adjustments and Return Items.

  • Tabulate and submit the totals for the Return Items and Adjustments CBCHA final settlement. Inform department management of outgoing wire transfer requirements and incoming wire activity.

  • Assist other department staff as needed by handling inquiries, problems, and discrepancies. Perform other duties as assigned.

  • Requires full working knowledge of related technology systems, bank policies, practices and procedures.

  • Typically requires a high school diploma or GED and 4 years of technical experience in banking operations or related field.

  • Requires knowledge of Federal, state and local regulation concerning check collections/returns.

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.

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Adjustments Research Specialist III