Deposit Operations Generalist

The Deposit Operations Generalist is a key member of the Deposit Operations team, responsible for performing a wide range of operational, research, and compliance functions to support branches, customers, and internal departments. This role requires advanced knowledge of deposit products, core banking systems, regulatory requirements, and operational procedures. The position ensures accuracy in account maintenance, reconciliation of internal and external accounts, and adherence to all federal and state regulations.

Deposit Operations employees have been designated as essential employees requiring them to be in the office or VPN access in event of inclement weather/disaster etc.

• Perform research requests for branches and customers using imaging systems.
• Verify assets, deposits, mortgages, and credit references; process billing for research time and fees.
• Gather and provide documentation for subpoenas, audits, and estate closings. Summons and Grand Jury Summons.
• View daily/monthly reports for exceptions and errors; research and correct.
• Receive and process new and revised deposit account signature cards (DDA, Savings, CDs).
• Review new account documentation daily to ensure compliance standards are met.
• Assist branches, Treasury, and Business Support with inquiries involving business accounts, account analysis, and dynamic transfers.
• Correct account errors and update accounts (e.g., dormant, return mail, closed, charged-off).
• Open and monitor special accounts such as ICS, and CDARS.
• Maintain tax‑favored accounts (IRAs, HSAs) and process contributions/distributions.
• Reconcile and process adjustments for internal DDA accounts (IRA, CD, Holiday Club).
• Handle employee deposit account maintenance requests from branches and HR.
• Process unposted items for CDs, Safe Deposit Boxes, and General Ledgers.
• Process cash letter adjustments and corrections on deposits and paid items.
• Monthly review Preneed Burial reports, make corrections, and send reports to funeral homes.
• Review and process IRS B & C notices, penalty letters, and initiate backup withholding per IRS regulations.
• Process IRS levies and garnishments; hold funds, notify customers, and remit payments per instructions.
• Daily, monthly, and quarterly reporting of state and federal tax withholding.
• Process indemnifying agreements for lost/stolen official checks.
• Assist with the annual escheatment process for deposit accounts, official checks, and safe deposit box contents, including sending notices, reporting, and remitting funds to the NC State Treasurer in compliance with state regulations.
• Remit IOLTA funds to NC, VA and SC Bar Associations.
• Participate in mergers and acquisitions through testing and post‑merger review; attend merger meetings as needed.
• Maintain compliance with Bank Secrecy Act, Anti‑Money Laundering Act, and all federal/state regulations.
• Complete annual compliance training and adhere to corporate policies and Service Excellence standards.
• Perform other duties as assigned.

Knowledge &

Experience:

These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position.

• High school diploma or general education degree (GED); or the equivalent combination of education and experience.
• Work related experience should consist of duties in a business environment and should consist of 3‑5 years of work‑related experience in a Banking environment understanding the full cycle of banking‑customer impact as well as operational processes and compliance. Experience in an operational support role required.
• Educational experience, through in‑house training sessions, formal school or financial industry related curriculum, should be business or financial industry related.
• Intermediate knowledge of Bank operations and other Bank operational policies and procedures.
• Excellent organizational and time management skills - ability to work with minimal supervision.
• Intermediate skills in computer terminal and personal computer operation; mainframe computer system; word processing, spreadsheet and specialty software programs.
• Exceptional verbal, written and…