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Director of Banking Operations

Company: Intermex Wire Transfer, LLC
Location: Miami
Posted on: January 16, 2022

Job Description:

When it comes to money remittance services, Intermex is a leader you can trust. We use a proprietary financial technology that enables consumers to send money from the US to 17 countries in Latin America, the Caribbean, and four countries in Africa. We offer wire transfer and other money processing services through our network of 100,000 agents and with the best customer service in the industry.
Director of Banking Operations and Banking Solutions -Proactively identify and develop strong relationships with banking partners with a focus on establishing a banking network that provides coverage for Intermex Agents to conveniently and efficiently deposit their funds due to the company. Additionally, continuously drive the reduction of bank costs through ongoing initiatives to seek the most cost-effective solution for Agent bank deposits. Manage the Check Direct Department and the Banking Operations Department.
The candidate will manage and coordinate all initiatives related to Banking and Operational solutions. Working directly with Product Management, Banks, and Technology Teams to continually improve solutions. The Director of Banking Operations is expected to push the boundaries of what is possible in finding new solutions to banking initiatives to continually reduce banking fees and provide the best banking solutions to our Agents. Duties and Responsibilities

  • Responsible for day-to-day management of the Check Direct and Banking Operations Departments providing leadership and oversight ensuring the department is performing efficiently and in accordance with established policies and procedures.
  • Manage initiatives to increase Check Direct usages with new and established Agents.
  • Establish ongoing processes and programs to continually reduce banking fees and find efficient and alternate cost effective deposit solutions for Agent network.
  • Develop and implement strategies to open new banking relationships throughout the Intermex Network to ensure coverage for our Agent to make deposits.
  • Responsible for the management all U.S./Canada bank accounts and relationships
  • Maintains and retains all banking records, signature cards and agreements and updates as required.
  • Coordinate due diligence process of new banking relationships and ongoing due diligences as required.
  • Manage FBAR filing and assist FATCA filing with foreign banks.
  • Review and execute cash management products to optimize the idle cash investments and minimizing the banking fees.
  • Benchmark bank analysis to negotiate and reduce fees, as well as to identify alternative cash management products for increased saving and efficient use of cash.
  • Review and analyzed each bank's products and procedures to come up with improvements on banking solutions for Agent network
  • Will manage Operations teams in the US and Mexico Offices supporting the back office functions, including Banking Operations, Check Direct, Card Direct, Card Products and Money Orders. Qualifications
    • A Bachelor's degree in business or related advanced degree is desired.
    • 5+ years of relevant professional experience
    • Strong entrepreneurial spirit
    • Strategic Business Analysis
    • Project Management / Team Leadership
    • IT Systems Integration and Consolidation
    • Bank and Client Relationship Management
    • Cost saving solutions to banking services
    • Strong understating of Banking Products and Treasury Management services
      Intermex is an Equal Opportunity Employer. We do not discriminate in employment opportunities or practices on the basis of race, color, religion, sex, sexual orientation, national origin, age, genetic information, disability or any other characteristic.

Keywords: Intermex Wire Transfer, LLC, Miami , Director of Banking Operations, Accounting, Auditing , Miami, Florida

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