Deposit Operations Specialist

Peapack Private Bank & Trust is a well-recognized, high-performing boutique bank and a leader in wealth, lending, and deposit solutions.

We provide a broad range of sought-after products and services designed to help our clients establish, maintain, and grow their legacy through an innovative approach to private banking.

What makes Peapack Private different from our competition? As an institution with over 100 years of history, we have always believed in putting the well-being and needs of our employees and clients first.

We are proud to be recognized by American Banker for the eighth consecutive year as one of the nation's "Best Banks to Work For." Our secret sauce, in a word, is our culture .

We value a diverse, equitable, inclusive, and safe workplace.

Our one-team culture goes to great lengths to show all employees that they are valued members of the organization.

We treat one another like family and communicate across the Bank in a transparent and frequent manner, respect and consider feedback from all levels, and operate with a philosophy grounded in hospitality and genuine human kindness.

There are multiple ways to build relationships and get involved; from joining one of our Cultural Ambassador sub-committees (focused on Wellness, Employee Fun, Diversity & Inclusion, or Environmental Awareness), to participating in community service activities through our Volunteerism outreach, to joining LIFT (Leading Inspiring Females Together), a committee focused on enriching the lives of women.

Simply put, our culture is amazing.

Position Summary

The Deposit Operations Specialist is responsible for performing a variety of operational and servicing functions supporting deposit products and services while ensuring accuracy, compliance, operational excellence, and an exceptional client experience.

This role supports deposit account maintenance, exception processing, fraud monitoring, research requests, and regulatory servicing activities.

The specialist collaborates with internal business partners to resolve issues, improve processes, support workflow automation initiatives, and contribute to the bank's operational efficiency and growth objectives.

Responsibilities:

Deposit Operations & Account Servicing


* Process and maintain DDA, Savings, CD, and IRA accounts throughout the account lifecycle.


* Perform account maintenance quality reviews and process operational requests in accordance with established procedures.


* Research and resolve posting exceptions, balancing discrepancies, and account-related issues.


* Complete daily and monthly reconciliations, proofs, and account balancing activities.


* Process NSF items, chargebacks, adjustments, stop payments, and other deposit-related exceptions.

Risk Management & Compliance


* Process levies, garnishments, subpoenas, reclamations, death notifications, and legal orders.


* Monitor fraud alerts, account exceptions, and unusual activity, escalating concerns as appro...