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#1804987 - 04/16/13 02:58 PM List of Deposit Operation Duties
lds1958 Offline
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Joined: Oct 2006
Posts: 508
What job duties does your Deposit Operations person have? Do they do such things as the Unclaimed Property Report and what other things?

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Deposits and Payments
#1804992 - 04/16/13 03:04 PM Re: List of Deposit Operation Duties lds1958
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
This would be driven in large part by the size and sophistication of your institution. I was jointly responsible for deposit operations at one point in my career and my job included getting to the bank early enough to shovel the sidewalks if it snowed. wink (I also did the unclaimed property report.)
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#1804994 - 04/16/13 03:07 PM Re: List of Deposit Operation Duties Elwood P. Dowd
lds1958 Offline
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Joined: Oct 2006
Posts: 508
Sorry, our asset size is about 580,000,000.

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#1806183 - 04/18/13 07:22 PM Re: List of Deposit Operation Duties lds1958
Ric30 Offline
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Joined: Apr 2005
Posts: 186
IN
Ours handles the check processing, exception processing, returns, research, adjustments, levies, garnishments, and subpoenas.

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#1806200 - 04/18/13 07:35 PM Re: List of Deposit Operation Duties lds1958
HappyGilmore Offline
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Joined: Jun 2004
Posts: 19,858
Pulling people out of the ditc...
above plus ach, wires, lockbox, RDC, cash management support, reg cc holds, CIP verification on new accounts
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#1806209 - 04/18/13 07:45 PM Re: List of Deposit Operation Duties lds1958
Lilly C Offline
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Lilly C
Joined: Dec 2004
Posts: 209
Sunny Florida
I do Deposit Ops Compliance which in our small bank includes, reg cc hold daily reviews, new account and cip verification (including file maintenance changes to core like address changes, title changes, cd rate changes, etc. Do RDC compliance review, I am also the BSA/AML/OFAC officer, Security Officer and do some training at the branches and recently Audit Manager helping with the Audits/Exams risk assessments and exception matrices. I also process any levies, garnishments and subpoenas presented. The other ladies in the Deposit Ops area take care of ach, processing of wires online banking, returns check processing, etc.

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#1806264 - 04/18/13 09:33 PM Re: List of Deposit Operation Duties lds1958
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,393
Galveston, TX
The list is endless.................
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