Sr. Wire Operations Specialist; Hybrid, Chicago, IL

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Full Time Corporate Operations Chicago, IL, US

Salary Range: $25.00 To $30.76 Hourly

About Byline Bank:
Headquartered in Chicago, Byline Bank, a subsidiary of Byline Bancorp, Inc. (NYSE:

BY), is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. Byline Bank has approximately $9.7 billion in assets and operates 45 branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and community banking products and services, including small-ticket equipment leasing solutions, and is one of the top U.S. Small Business Administration (SBA) lenders according to the national SBA rankings by volume FY2024.

Byline Bank is a member of FDIC and an Equal Housing Lender.

At Byline Bank, we take pride in being an award-winning workplace. Some of our recent recognitions include:

• U.S. News & World Report named Byline Bank as one of the Best Companies to Work for in the Midwest, Finance & Overall in , .
• Chicago Sun Times Chicago’s Best Workplaces 2024
• Best Workplaces in Illinois in 2024by Best Companies Group and Illinois SHRM (Society for Human Resource Management)
• ForbesAmerica’s Best Small Employers 2023

By joining our team, you will become part of an organization that values growth, collaboration, and innovation. We strive to create an environment where employees feel supported and are empowered to excel in their roles. If you're looking for a career with a company that puts people first and makes a difference in the communities we serve, Byline Bank is the place for you.

Objective of Position
:
The Sr. Wire Operations Specialist is responsible for assisting with operational activities and supporting the processing of domestic/international wire transactions, wire investigations, customer service, and OFAC monitoring.

Duties and Responsibilities:

• Processes all incoming and outgoing domestic and international wire transfers in accordance with the Wire Transfer Policy and Wire Transfer procedures.
• Assists leadership with critical risk management activities, including daily OFAC review and case management, to ensure compliance with key regulatory requirements.
• Monitors the daily workflow and ensure that all wires, both domestic and foreign, are processed following the Bank’s policies and procedures.
• Balances and reconciles all entries, including Federal Reserve Summary Statement to daily wire activity.
• Applies understanding of remittance transfers and applicable regulations including, Dodd Frank Act, OFAC, REG E, and Swift.
• Monitors all incoming and outgoing domestic and international wire transfers in accordance with the Wire Transfer Policy and Wire Transfer procedures.
• Monitors the wire systems Office of Foreign Asset Control queue and analyze exception to determine potential matches. Escalate possible violations to Byline’s BSA Department.
• Analyzes existing processes to develop strategies, procedures and /or policies to maximize team efficiency.
• Analyzes exceptions closely to determine appropriate processing.
• Performs wire payment process and daily reconciliations.
• Ensure controls are in place to protect against fraudulent wire activity and unnecessary risk and exposure.
• Reviews all outgoing wire requests received through online banking, retail staff, finance staff and leading staff.
• Processes wire remittance errors, process of outgoing wire requests, Quick rate maturity wires, special release, and exception wires
• Help with non-routine transactions and exceptions to eliminate potential fraud/suspicious situations.
• Performs call back verification, OFAC verification.
• Processes rejected incoming wires and reverse wire requests.
• Assists with customer inquiries regarding wires.
• Help monitor the department email box and responds in a professional and timely fashion.
• Help reports issues of concern or matters of potential loss to manager.
• Performs various security related tasks such as verifications and confirmations to…