Commerical Deposit Analyst

Well known community Bank in the Newton/Waltham area is adding a commercial deposit analyst to the team due to bank growth. This person should be in the office 3 days a week, be a team player, and love commercial and bank operations.

• Execute commercial deposit account onboarding and maintenance activities once CIP, KYC, CDD, legal entity documentation, and required business line approvals have been provided.
• Prepare, distribute, collect, and validate onboarding documentation including resolutions, signature cards, beneficial ownership forms, and formation and governance documents.
• Coordinate with customers to complete required signatures and documentation. Customer contact is limited to paperwork distribution, signatures, and clarification of documentation needs, not due diligence activities.
• Review submissions for completeness and alignment with legal entity structure, authority, and product requirements.
• Create customer, signer, and account records in DNA and complete accurate account setup in accordance with documented requirements, policies, and SLAs.
• Track onboarding requests from intake through completion in Salesforce and maintain complete and accurate documentation within required systems.
• Track and report outstanding documentation and exceptions and escalate to business line leadership when required.
• Partner with Deposit Operations, Treasury Management Operations, and Commercial partners to resolve documentation or indexing issues.
• Collaborate with Quality Control to resolve post-activation findings and ensure accuracy of records.
• Identify recurring documentation issues, risks, and process breakdowns and recommend improvements that strengthen controls and efficiency.
• Support technology enhancements and process improvement initiatives related to commercial deposit onboarding and maintenance.
• Perform additional duties as required.

• Bachelor’s degree, preferred.
• 3+ years of experience in commercial deposit account onboarding, treasury services, or deposit operations.
• Experience reviewing legal entity formation documents, resolutions, signer authority, and complex ownership structures.
• Working knowledge of treasury services such as ACH, wires, online banking, positive pay, escrow, and related documentation needs.
• Familiarity with commercial deposit documentation requirements.

Compensation is  32- 38 per hour.

This role is Temp to Perm.

KBW
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