Invest Operations Wire Transfer/Banking Associate

M1 Finance has created a personal wealth-building platform made for the modern era, uniting personal perspective and automated ease. We seamlessly combine free investing, low cost borrowing and digital checking all in one intuitive, automated Finance Super App, and we?re driven by a mission to empower personal financial well-being. We believe that financial well-being is fundamental to overall well-being, and we strive to deliver products that are simpler, smarter, and stronger than those created by our staid, boring, entrenched, slow-moving competitors in the personal finance industry.

Our clients have already trusted us with over $10 billion of assets, we?re currently helping hundreds of thousands of people grow and manage their wealth with our industry-leading automation and tools, and we?re adding thousands of new clients every day.

We?re looking for passionate people who want to improve and build on what we?ve created and take responsibility to help others build something meaningful and sustainable for their futures.

We mean it when we say, ?M1 is yours to build.?

Role:

We?re looking for a motivated, organized and detail-oriented operations professional who has experience processing wires and checks. This position will be responsible for obtaining and verifying customer request documentation, processing of wires and checks in our banking platform, submitting and monitoring internal approvals, ensuring fraud prevention procedures are consistently performed and reconciling money movements on behalf of customers and M1 internal accounts. This position is also responsible for various other banking related tasks and requires a lot of coordination across internal and external business and banking partners.

Responsibilities: ? Monitor various communication channels to identify requests for outgoing and incoming money movements. ? Ensure proper approvals are obtained before executing Brokerage Account wires and checks. ? Monitor settlement bank portal for incoming wire transfers. ? Investigate incoming funds and obtain approval for posting to customer accounts. ? Identify and resolve cash movement problems and discrepancies. ? Coordinate wire processing associated with our M1 High Yield Savings and Cash accounts with B2 Bank. ? Work with Customer Success team to obtain necessary customer documentation for verification and call back requests. ? Ensure fraud prevention procedures are consistently performed across all money movements and products. ? Monitor settlement bank communications for positive pay violations. ? Review High Yield account balances to ensure accounts with negative balances are captured and communicated to Network Bank. ? Reconcile daily Network Bank settlement data against M1 exclusions and approve net money movement figures. ? Update the daily wire activity report and communicate net figures to B2 Bank with proper receiving and delivering Bank wire instructions. ? Evaluate credit card transactions to ensure proper reward classifications are assigned. ? Support Finance with bank reconciliations and posting of GL entries into Inteliclear. ? Maintain operating procedures to ensure they are clear, concise and up to date. ? Participate in team meetings to identify process improvements and automation that can mitigate risk and improve efficiency. ? Assist other Operation team members with tasks as necessary. ? Participate in Cross Training.

Requirements: ? Bachelor?s degree in finance, economics, business or similar work experience. ? Conscientious, hard-working and detailed oriented individual. ? Team player who enjoys collaborating and will take the initiative to comprehend and own tasks. ? Proven organizational, communication, problem solving, and time management skills. ? Ability to learn quickly, adapt in stressful situations and intuitively solve difficult problems. ? Ability to successfully manage multiple concurrent tasks and assignments and adhere to predetermined deadlines, while achieving expected results. ? Understanding of wire transfer processing and core banking functions. ? Willingness and aptitude to understand the life cycle of a trade and cross train in all aspects of US equities self-clearance and settlement. ? Series 99 or comparable FINRA licensing preferred. Expectation to study and pass exam after hire.

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