JOB TITLE: Assistant Vice President (AVP) of Electronic Funds Transfer (EFT)
TYPE: Salary
REPORTS TO: VP of Operation
DEPARTMENT: Operations / Electronic Services
ABOUT US:
SAG-AFTRA Federal Credit Union was founded in 1962 as Los Angeles AFTRA Federal Credit Union, a financial resource for members of the American Federation of Television & Radio Artists. In 1971 the name was changed to Southern California AFTRA-SAG Federal Credit Union to reflect eligibility of members of the Screen Actors Guild. The credit union went national in 1976, and in 2015 changed its name to SAG-AFTRA Federal Credit Union.
Our membership is comprised of individuals who work in the entertainment industry and their families. As noted above SAG-AFTRA union members are eligible to join the credit union. Membership is also open to members of the American Federation of Musicians, Writers Guild of America, Producers Guild of America, IATSE and many more!
We provide services to meet the unique needs of the performer community. With 63 years of experience working with the community, our products and services are designed with our members in mind.
At SAG-AFTRA Federal Credit Union, our Core Purpose is to serve our members by making it easier to meet today's needs and reach tomorrow's dreams. Talented team members succeed in our organization by demonstrating a commitment to our shared values of accountability, friendliness and respect, a passion for delivering great service, and pursuing personal growth. We are seeking an experienced Assistant Vice President (AVP) of Electronic Funds Transfer (EFT) to join our Operations Team. Come grow with us and be part of the SAG-AFTRA Federal Credit Union Family!
BASIC FUNCTIONS:
The ideal candidate will perform a variety of basic and essential duties. The role may involve both general and specialized tasks, offering a dynamic work environment.
The AVP of Electronic Funds Transfer (EFT) is responsible for the leadership and oversight of all day-to-day EFT operations, ensuring the secure and efficient processing of electronic transactions such as ACH, wire transfers, card services, and digital payments. This role supports the VP of Operations in developing and executing departmental strategy, managing compliance, enhancing member experience, and implementing payment innovations.
ESSENTIAL:
- Supervise daily EFT functions including ACH, wires, debit/credit cards, ATM networks, bill pay, and digital payment platforms.
- Monitor workflow, resolve exceptions, and ensure timely and accurate transaction processing.
- Support reconciliation of EFT-related GL accounts and resolve discrepancies in coordination with Accounting.
- Extensive knowledge of compliance and regulations pertaining to escheat, B and C notices and NRA's.
- Diverse knowledge of State and Federal withholding; IRA Contributions and Distributions and processing.
- Review all activities for compliance with established policies, procedures, and regulations. Regulations include but are not limited to: Bank Secrecy Act / Anti-Money Laundering / Office of Foreign Assets Control regulations. Participate in annual training as required by the BSA/OFAC Compliance Officer.
- Lead and develop EFT staff; provide training, coaching, and performance feedback.
- Promote a culture of accountability, service excellence, and continuous improvement.
- Ensure operations comply with all applicable laws and regulations including NACHA, Reg E, OFAC, PCI DSS, and internal policies.
- Assist in managing risk controls for fraud mitigation, data security, and dispute resolution.
- Respond to escalated member inquiries and transaction issues, ensuring timely resolution.
- Collaborate with Member Services and IT to improve the member digital banking experience related to payments.
- Participate in strategic planning for EFT products and services.
- Assist in the implementation of new EFT technologies, vendor relationships, and system upgrades.
- Provide reporting and analysis to support executive decision-making.
- Office setting.
- Occasional travel to branch locations, training, or vendor meetings may be required.
- These duties are standard for this position. They are not to be construed as exclusive or all‑inclusive. Other duties may be required and assigned.
TRAINING AND EXPERIENCE:
- Bachelor's degree in Business, Finance, Information Systems, or related field (or equivalent experience).
- 5+ years of experience in EFT or payment operations, with 2+ years in a leadership or supervisory role.
- Strong knowledge of ACH, wire, card processing, and digital payment systems.
- Experience with core processing platforms (e.g., Symitar, Fiserv, Jack Henry) and EFT systems.
- Understanding of financial services regulations and compliance standards.
- Excellent organizational, analytical, communication, and problem-solving skills.
- Ability to make independent decisions.
- Ability to analyze and research information to determine a solution.
- Thorough knowledge of escheat and regulatory compliance practices.
- Project management or change management experience is a plus.
- Existing credit union experience is highly preferred.
PAY GRADE INFO:
To provide greater transparency to candidates, we share base pay ranges for all our job postings regardless of State. We set standard pay ranges for all roles based on function and level of expertise, benchmarked against similar stage growth companies. Final offer amounts are determined by multiple factors including, skills, depth of work experience and relevant licenses/credentials, and may vary from the amounts listed below. The base range for this position is: $68,993.00 to $85,000.00 annually.
BENEFITS:
- Competitive pay
- Subsidized health care including medical, dental and vision
- FSA and HSA
- Company paid Life insurance
- Vacation and Sick time
- Holidays
- 401K Retirement Savings Plan
SAG-AFTRA Federal Credit Union is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability, or any other characteristic protected by Law or SAG-AFTRA Federal Credit Union policy. SAG-AFTRA Federal Credit Union will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of the Los Angeles Fair Chance Ordinance for employers and the Fair Chance Initiative for Hiring (Ban the Box) Ordinance.
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