About Byline Bank
Headquartered in Chicago, Byline Bank, a subsidiary of Byline Bancorp, Inc. (NYSE:BY), is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. Byline Bank has approximately $9.7 billion in assets and operates 45 branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and community banking products and services, including small-ticket equipment leasing solutions, and is one of the top U.S. Small Business Administration (SBA) lenders according to the national SBA rankings by volume FY2024. Byline Bank is a member of FDIC and an Equal Housing Lender.
At Byline Bank, we take pride in being an award-winning workplace. Some of our recent recognitions include:
- U.S. News & World Report named Byline Bank as one of the Best Companies to Work for in the Midwest, Finance & Overall in 2024-2025, 2025-2026.
- Chicago Sun Times Chicago’s Best Workplaces 2024
- Best Workplaces in Illinois in 2024 by Best Companies Group and Illinois SHRM (Society for Human Resource Management)
- Forbes America’s Best Small Employers 2023
By joining our team, you will become part of an organization that values growth, collaboration, and innovation. We strive to create an environment where employees feel supported and are empowered to excel in their roles. If you're looking for a career with a company that puts people first and makes a difference in the communities we serve, Byline Bank is the place for you.
Objective of Position: The Sr. Wire Operations Specialist is responsible for assisting with operational activities and supporting the processing of domestic/international wire transactions, wire investigations, customer service, and OFAC monitoring.
Duties And Responsibilities
- Processes all incoming and outgoing domestic and international wire transfers in accordance with the Wire Transfer Policy and Wire Transfer procedures.
- Assists leadership with critical risk management activities, including daily OFAC review and case management, to ensure compliance with key regulatory requirements.
- Monitors the daily workflow and ensure that all wires, both domestic and foreign, are processed following the Bank’s policies and procedures.
- Balances and reconciles all entries, including Federal Reserve Summary Statement to daily wire activity.
- Applies understanding of remittance transfers and applicable regulations including, Dodd Frank Act, OFAC, REG E, and Swift.
- Monitors all incoming and outgoing domestic and international wire transfers in accordance with the Wire Transfer Policy and Wire Transfer procedures.
- Monitors the wire systems Office of Foreign Asset Control queue and analyze exception to determine potential matches. Escalate possible violations to Byline’s BSA Department.
- Analyzes existing processes to develop strategies, procedures and /or policies to maximize team efficiency.
- Analyzes exceptions closely to determine appropriate processing.
- Performs wire payment process and daily reconciliations.
- Ensure controls are in place to protect against fraudulent wire activity and unnecessary risk and exposure.
- Reviews all outgoing wire requests received through online banking, retail staff, finance staff and leading staff.
- Processes wire remittance errors, process of outgoing wire requests, Quick rate maturity wires, special release, and exception wires
- Help with non-routine transactions and exceptions to eliminate potential fraud/suspicious situations.
- Performs call back verification, OFAC verification.
- Processes rejected incoming wires and reverse wire requests.
- Assists with customer inquiries regarding wires.
- Help monitor the department email box and responds in a professional and timely fashion.
- Help reports issues of concern or matters of potential loss to manager.
- Performs various security related tasks such as verifications and confirmations to validate the outgoing wire transfers.
- Help ensure all outgoing wires are processed accurately with proper procedures and controls.
- Preparing all wires have been properly authorized by working and communicating with other departments.
- Responsible for end-of-day reconciliation to ensure all wires were posted accurately and the wire balances are correct.
- Monitors the status of wire transfer.
- Provides support for internal departments via telephone and email.
- Assists with customer inquiries regarding wires.
- Help provides support to all branches and other departments for all wire-related questions.
- Balances and reconciles all entries, including Federal Reserve Summary Statement to daily wire activity.
- Performs various security related tasks such as verifications and confirmations to validate the outgoing wire transfers.
- All other duties as assigned.
Note: Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.
Qualifications
- Associate’s degree in accounting, Finance, Business Administration, or related degree
- 2+ years of experience in banking with an emphasis in wire operations.
- 2+ years of experience with banking regulations and compliance requirements.
- Knowledge of banking products, services, regulations, and compliance.
- Knowledge of related state and federal banking compliance regulations.
- Experience with general banking methods and procedures related to Federal Funds transactions.
- Experience with general ledger reconciliation.
- Knowledge of the wire transfer system.
- Be a strategic thinker with the ability to develop, communicate and implement plans that support the overall goals of the Bank.
- Ability to work collaboratively with a variety of stakeholders at all levels.
- Be self-motivated with a strong attention to detail.
- Have strong change management, organizational and planning capabilities.
- Ability to identify, understand and define problems, evaluate alternatives, set priorities, manage projects, and implement high quality solutions.
- Demonstrate strong organizational skills with the ability to communicate multiple projects and priorities.
- Proficiency in MS Office Suite.
- Possess strong communication skills both verbally and in writing.
Physical Demands/Work Environment
Usual office environment with frequent sitting, walking, and standing, and occasional climbing, stooping, kneeling, crouching, crawling, and balancing. Frequent use of eye, hand, and finger coordination enabling the use of office equipment. Oral and auditory capacity enabling interpersonal communication as well as communication through automated devices.
At Byline Bank, we value work-life flexibility and support a hybrid work environment for this position. This role allows for a combination of remote and in-office work, with occasional visits to the office based on business needs. Specific in-office days may vary and will be discussed during the interview process.
Compensation & Benefits
Byline Bank offers competitive industry rate salary bands with the goal of retaining and growing talented individuals. We regularly review and adjust our compensation structure as needed to ensure equity across teams and levels.
The hourly rate for this position is $25.00 to $30.76 per hour.
In addition, Byline provides benefits including medical coverage, dental, vision, disability, 401k, paid time off and much more! Depending on the specific role, compensation may also include discretionary bonuses and other benefit programs. The actual compensation package may vary based on factors such as skill set, experience level, and candidate's location.
Additional Information
Byline Bank is an Equal Opportunity Employment / Affirmative Action employer dedicated to providing an inclusive workplace where the unique differences of our employees are welcomed, respected, and valued. We are committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment.
All employment decisions at Byline Bank are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, protected veteran status, family medical history or genetic information, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Byline Bank will not tolerate discrimination or harassment based on any of these characteristics.
Byline Bank is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance or accommodations due to a disability, please contact us directly at 773-475-2900, Option #2.
If applying within the US, this role is not eligible for visa sponsorship now or in the future.
Note To Recruitment Agencies And Third-Party Recruiters
Byline Bank kindly requests that third-party recruiters, staffing agencies, and recruitment firms refrain from submitting resumes or candidate profiles without a prior agreement in place. Any unsolicited submissions will be considered property of Byline Bank, and no fees will be paid for placements resulting from such submissions. We appreciate your understanding and cooperation.
