Deposit Operations Legal Specialist Position Available In Harrison, Mississippi

Deposit Operations Legal Specialist Deposit Operations Legal Specialist locations
Gulfport Building at Hancock Whitney Plaza – Gulfport, MS
time type
Full time
posted on
Posted Yesterday
job requisition id
R014652 Thank you for your interest in our company! To apply, click on the button above. You will be required to create an account (or sign in with an existing account). Your account will provide you access to your application information. The email address used in establishing your account will be used to correspond with you throughout the application process. Please be sure and check the spam folder. You may review, modify, or update your information by visiting and logging into your account.

JOB FUNCTION / SUMMARY

The Deposit Operations Legal Specialist is responsible for coordination and completion of Subpoenas, Writ of Garnishments, and Tax Levies within the guidelines of the Bank’s policies and procedures and Federal and State laws regarding Right to Financial Privacy and the Bank Secrecy Act. This position is also responsible for supporting all Lines of Business with respect to clients’ needs and questions related to these items.

ESSENTIAL DUTIES & RESPONSIBILITIES

Organizes all documentation required to fulfill each subpoena, including deposit accounts, loan accounts and credit references as requested.
Serves as the resource to resolve client questions answered by the financial center or contact center related to subpoenas, garnishments, and levies.
Monitors/tracks subpoena progress to ensure they are completed by the deadline issued by the court.
Responds to management regarding the completion of subpoenas, garnishments and tax levies and updates all information into internal Deposit Operations Legal database.
Researches complex transactions to resolve client or banker questions or disputes to confirm balances and transactions. Researches and processes interest adjustments requests as needed through various bank systems. Completes spreadsheet for review and approval and post online entries to client’s account.
Processes backup withholding rebates at the request of the Tax Reporting Department.
Performs account maintenance daily as needed to comply with each request based on policy and procedure which includes processing online monetary entries and balancing.
Maintains files/tracking of each request and scans completed files into the bank’s image archive for research/retrieval of documents.
Provides documentation for SOX 404, audit and compliance requests.
Contacts preparers of source documents to resolve questions, inconsistencies, or missing data including internal and external communication from attorneys, IRS agents/analysts, court clerks, and US District Attorneys concerning subpoenas, garnishments, and levies.
Research and processes client account closing maintenance requests received daily through the Customer Service Tool.
Processes closed interest bearing report and contacts branch personnel as needed for accounts that did not move to a closed status.
Processes daily deposit systems maintenance requests based on policy and procedures for ongoing legal seizures.
Issues Official Checks in response to legal seizures and/or as needed for various departments through the bank’s exceptions processing system.
Process Deposit Verification requests received from Social Security, Medicare, or any other government entity on client DDA and ST accounts.
Reconciles departmental bank use accounts.
Processes rejected deposits report and performs account maintenance. Notifies Recoveries Department for any accounts that are frozen due to charge-off and seizes funds for any with garnishments/levies. Also, pays ACH debits against these accounts as needed through the bank’s exceptions processing system.
Processes ACH stop payment fees.
Balances all online entries to the general ledger system on a daily basis.
Incumbent is required to comply with all applicable federal, state, and local banking and industry related laws and regulations including but not limited to the Bank Secrecy Act.
Monitors customer account activity for specific criteria as expressed in each Federal regulation by researching daily reports, generating error reports, and notifying the appropriate financial center personnel and divisional managers of infractions.
Responsible for notifying clients of changes to original REG CC hold information by providing corrected hold notice forms and maintain those notices.
Assists with gathering information for external and internal quarterly and annual audits.

SUPERVISORY RESPONSIBILITIES

None

MINIMUM REQUIRED EDUCATION, EXPERIENCE & KNOWLEDGE

High School diploma or equivalent, Associate’s degree preferred
2 years bank operations experience, or a combination of education or experience
No certification, licensure, or registrations are required to successfully apply for this job
Exhibits strong verbal and written communication skills
Excellent customer service skills and the ability to maintain good customer relationships
Proficient operation of Microsoft Office Products such as Outlook, Word, Excel, and PowerPoint
Excellent verbal and written communication skills in order to communicate effectively with clients and bank associates
Ability to establish and maintain a high level of credibility with all levels of internal and external clients.
Detail oriented with ability to prioritize tasks effectively
Excellent organizational/planning/project management skills

ESSENTIAL MENTAL & PHYSICAL REQUIREMENTS

Ability to travel if required to perform the essential job functions
Ability to work under stress and meet deadlines
Ability to operate related equipment to perform the essential job functions
Ability to read and interpret a document if required to perform the essential job functions
Ability to lift/move/carry approximately 10 pounds if required to perform the essential job functions. If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department/division an “undue hardship” then the employee must be accommodated; hence omitting lifting/moving/carrying as a physical requirement. Equal Opportunity/Affirmative Action Employers. All qualified applicants will receive consideration for employment without regard to race, color, religious beliefs, national origin, ancestry, citizenship, sex, gender, sexual orientation, gender identity, marital status, age, physical or mental disability or history of disability, genetic information, status as a protected veteran, disabled veteran, or other protected characteristics as required by federal, state and local laws. About Us When you choose a career with Hancock Whitney (

Nasdaq:

HWC), we pledge a heartfelt promise: You can grow. You have a voice. You are important. You also share in a rich regional heritage and embrace core values—timeless ideals vital to our culture since the 1800s—that inspire how we serve clients, communities, and each other: Honor & Integrity, Strength & Stability, Commitment to Service, Teamwork, and Personal Responsibility. A fast-growing organization consistently rated among America’s strongest, safest financial services institutions, our company is based in Gulfport, Mississippi. Our bank and subsidiaries provide contemporary, comprehensive consumer, commercial, and wealth financial products and services at regional headquarters and 200-plus financial centers across a vibrant Southeast corridor including Alabama, Florida, Louisiana, Mississippi, Tennessee, and Texas. Each day, our nearly 4,000 associates carry on a mission to help people achieve their financial goals and dreams. We come to work to create opportunities for the people we serve in the communities we call home. Together, we continue building a company solidly focused on being better, going beyond, and doing more to secure success for the people and businesses depending on us. Let our legacy lead to your future. now. Learn more at hancockwhitney.com/ourstory