BANKING ANALYST JOB DESCRIPTION

A Banking Analyst handles the operational and analytical work that keeps client money moving accurately. The role spans bank reconciliations, compliance monitoring under CASS procedures, and the processing of trade instruments governed by UCP and ISP standards - a combination of precision work that few other analyst titles carry simultaneously. Errors here carry direct regulatory consequence. Most Banking Analysts sit within a banking operations or cash management team, serving both internal business units and external corporate clients as their primary analytical contact.

As the Banking Analyst, you own the daily transaction monitoring, reconciliation, and client-facing analysis that ensures both operational accuracy and regulatory compliance across assigned accounts or product lines. Your work feeds directly into cash management reporting and client deliverables, operating within a structured team environment under the oversight of senior banking operations leadership.

Career Impact: Hands-on exposure to trade finance instruments such as Letters of Credit and NACHA-governed ACH processing builds a compliance and operations credential that is genuinely scarce at the analyst level.

Business Impact: Corporate clients and internal treasury teams depend on the accuracy of your reconciliations and payment processing to maintain compliant cash positions and avoid regulatory breaches under CASS.

Growth Opportunity: The analytical and compliance depth developed here - spanning digital banking implementation, client money rules, and trade instrument processing - creates a direct path toward Senior Trade Specialist or Treasury Analyst roles.

• Monitor daily bank balances and flag discrepancies against established client money thresholds to ensure CASS compliance.
• Process and reconcile payments, bank transactions, and fee calculations within required service level deadlines.
• Review and process trade finance instruments including Letters of Credit in accordance with UCP, URC, and ISP standards.
• Implement and support digital banking products including ACH file testing and NACHA format validation for corporate clients.
• Prepare operational reports, management updates, and client presentations summarizing analytical findings and key action points.
• Partner with client management and internal teams to gather information, resolve escalated inquiries, and deliver accurate client outputs.
• Enforce adherence to bank policies, Federal and State regulations, and departmental processing procedures across all assigned transactions.
• Train and support junior staff on revised procedures, product setups, and digital banking system updates.

• Bachelor's degree in Finance, Accounting, Business, or a related field, or equivalent work experience.
• 3 or more years of banking operations or financial services experience, with demonstrated involvement in payment processing or reconciliation.
• Knowledge of CASS client money rules or equivalent regulatory framework governing the segregation of client funds.
• Experience performing bank reconciliations and identifying discrepancies across high-volume transaction environments.
• Familiarity with trade finance instruments and applicable international standards including UCP and ISP.
• Strong analytical and numeracy skills with the ability to review and verify complex financial calculations under deadline pressure.
• Effective written and verbal communication skills, with demonstrated ability to liaise between clients and internal business units.
• Proven ability to manage multiple concurrent tasks and escalate risk items appropriately to senior stakeholders.

• Certified Treasury Professional (CTP) or Accredited ACH Professional (AAP) designation, or active progress toward either.
• Prior exposure to digital banking product implementation, including NACHA file formats, ACH uploads, and corporate cash management platforms.
• Experience using core banking systems and general ledger platforms in an operational banking environment.
• Part-qualified or qualified accounting background, providing additional grounding in financial controls and reporting.

• Reconciliation accuracy rate, measured as percentage of daily transactions reconciled without error or rework.
• Payment processing timeliness, tracking percentage of transactions completed within SLA deadline.
• CASS compliance adherence, measured by absence of reportable client money segregation breaches per audit cycle.
• Trade instrument processing turnaround, measuring average days from receipt to completion of Letters of Credit transactions.
• Escalation resolution rate, reflecting percentage of complex client inquiries resolved without senior escalation within agreed timeframes.
• Typical tools: banking reconciliation platforms (commonly core banking systems, general ledger software); productivity suites (commonly Excel, including advanced spreadsheet and charting functions).

• Base Salary Range: $55,000 to $80,000 per year, depending on seniority and market
• Bonus: Annual performance bonus, typically 5 to 10% of base salary
• Equity: Uncommon at this level; occasionally offered at larger institutions
• Health Benefits: Medical, dental, and vision coverage; employer contribution standard
• PTO: 15 to 20 days annually, plus federal holidays
• Common Perks: Professional certification reimbursement (CTP, AAP), 401(k) with employer match, commuter benefits

Figures are estimates based on general US market benchmarks and may be outdated. Adjust based on location, company size, and seniority level.

Background checks, including verification of employment history and applicable credit history reviews, are a standard condition of employment for banking roles. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, veteran status, or any other characteristic protected under federal, state, or local law. Reasonable accommodations for qualified individuals with disabilities are available upon request. Candidates must be authorized to work in the United States.

The Banking Analyst delivers comprehensive analysis of client operations and business objectives, producing operational reports, client presentations, and escalation summaries across assigned projects. Working directly with client management and internal team leads, the role enables timely, informed decisions that advance client deliverables.

Key Responsibilities

• Develop a comprehensive understanding of client operations, processes, and business objectives and apply this knowledge to assignments and projects.
• Serve as the primary contact for both client and internal functions within assigned projects.
• Communicate effectively with management and team leads regarding summary analysis and the escalation of key action points.
• Interact proactively with key client management to gather information, resolve issues, and provide analysis to inform client deliverables.
• Contribute to internal reporting requirements including the preparation of operational reports, management updates, and client presentations.

Required Qualifications

• Accounting or Finance degree preferred.
• Strong understanding of accounting and corporate finance concepts.
• Excellent communication and interpersonal skills.
• Demonstrated ability to build strong professional networks.
• Ability to contribute and deliver effectively in a project environment while managing multiple tasks concurrently.
• Strong attention to detail with the ability to work under strict internal deadlines and pressure.

Embedded within the banking operations team, the Banking Analyst owns daily monitoring of bank balances, payment processing, bank reconciliations, and client money identification in compliance with CASS procedures. Working closely with colleagues across multiple locations, the role ensures timely, accurate cash reporting that supports the integrity of the firm's financial operations.

Core Functions

• Monitor bank balances daily and process payments, bank reconciliations, and client money identification in accordance with CASS procedures.
• Support banking and cash reporting with timely and accurate completion of all tasks to deadlines.
• Coordinate and collaborate effectively with team members across multiple locations.
• Communicate clearly and professionally with business colleagues on all operational matters.

Qualifications & Experience

• Reconciliation experience with knowledge of accounting systems and procedures.
• CASS knowledge preferable but not essential.
• Experience using banking platforms and General Ledger systems.
• Proficient in Excel, Word, and Outlook.
• Highly numerate with strong attention to detail, investigative skills, and problem analysis skills.
• Strong team ethos with investment industry experience preferred.
• Part-qualified or non-qualified accountant with sufficient relevant experience considered.

Reporting to the Senior Trade Specialist, the Banking Analyst leads the issuance, examination, and processing of high-risk trade finance instruments, including Collection, Commercial, and Standby Letters of Credit, in compliance with UCP, URC, ISP, and ISBP standards. Partnering with customers, internal departments, and correspondent banks, the role builds the operational accuracy and regulatory adherence that protects the department's service level commitments.

Primary Duties

• Issue, advise, draft, amend, examine, transfer, assign, pay, and process fees for sensitive and highest-risk transactions, including Collection, Commercial, and Standby Letters of Credit.
• Ensure compliance with UCP, URC, ISP, and ISBP for all applicable transactions.
• Process, review, and approve transactions in the Senior Trade Specialist's absence.
• Respond to and resolve complex inquiries from customers, internal departments, and correspondent banks.
• Provide backup training on new or revised functions and procedures.
• Adhere to all processing and client deadlines to meet the department's service level commitments and regulatory requirements.

Skills & Qualifications

• High school diploma or GED required.
• 7 or more years of relevant work experience in banking operations or trade finance.
• Working knowledge of UCP, URC, URR, ISP, UCC, and ISBP.
• Mathematical ability to perform accurate calculations for fee processing.
• Proficient in Microsoft Office.
• Excellent verbal, written, and interpersonal communication skills with outstanding customer service ability.
• Strong organizational skills with the ability to independently prioritize and manage a high-volume workload.

Sitting at the intersection of digital banking technology and corporate cash management, the Banking Analyst shapes the implementation, troubleshooting, and compliance oversight of Digital Banking products including ACH, NACHA file formats, and treasury solutions. Operating across internal teams, external customers, and third-party vendors, the role enables accurate, regulation-aligned service delivery and supports junior staff through coaching and first-line escalation.

Duties

• Service all Digital Banking products accurately and efficiently, handling new product implementations and resolving internal and external inquiries on time.
• Train end users on Digital Banking products and troubleshoot customer issues independently.
• Implement Digital Banking services and maintain accurate product setup documentation.
• Test ACH file uploads, NACHA file formats, file layouts, and CSV file layouts in coordination with customers and third-party vendors.
• Ensure compliance with Federal and State regulations and all applicable bank policies.
• Resolve escalated corporate cash management and Digital Banking calls from internal and external stakeholders.
• Coach and support staff, monitor critical tasks, and serve as first-line support for junior specialists.
• Perform monthly customer billing and assist in maintaining department policies and procedures.

Requirements

• High school diploma or equivalent required, Associate's degree preferred.
• Certified Treasury Professional (CTP) and/or Accredited ACH Professional (AAP) preferred.
• 5 or more years of Digital Banking or electronic banking experience, including treasury and corporate cash management products.
• Subject matter expertise in Digital Banking products, services, NACHA rules, and Cash Management and Treasury solutions.
• Experience using a core banking system.
• Proficient in Microsoft Office, including Word and Excel, with ability to create analytical spreadsheets and charts.
• QuickBooks, Direct Connect, or Microsoft Access knowledge a plus.
• Strong organizational, critical thinking, and time management skills with the ability to manage multiple projects and deadlines.