• Deposit Account Control (DACA) Specialist

    Job Locations
    US-CA-San Francisco
    Deposit Services
  • Overview

    The Deposit Account Control (DACA) Specialist has primary responsibility for overseeing the negotiation, execution, and processing of specialized deposit agreements. These are three-party contracts with unique requirements. The specialist will act as the point of contact for the client, FRB teams, and especially the client’s third-party lender regarding the terms of the agreement. The support specialist will perform monetary transactions and provide DACA-related email and phone support to bankers and business clients for bank services and cash management products (remote deposit, lockbox, cash vault, sweeps), ACH transactions, duplicate statements, and account analysis.

    • Excellent organizational skills, communication skills and follow up skills
    • Ability to successfully interact at all levels of the organization & develop highly collaborative working relationships (executive, professional, administrative)
    • Self-driven, superior organizational skills, integrity and great follow through on tasks
    • Innovative, extremely creative and constantly looking for ways to improve upon things
    • Ability to thrive in an ambiguous and fluid environment with a strong drive to succeed


    • Review terms, propose revisions and coordinate execution of agreements
    • Communicate legal issues to internal departments and obtain approval for non- standard terms
    • Work closely with bankers to negotiate revisions with lenders and customers
    • Manage queue of pending agreements, monitor changes in financial conditions as well as maintaining executed agreements
    • Work closely with other departments to insure compliance with bank policies
    • Monitor agreements and follow up on missing documents
    • Insure payments are properly calculated and wires sent out on timely basis. Accurate and timely completion of daily wires and transfers.
    • Maintain database and prepare reports for management
    • Charge appropriate fees
    • Monitor DACA email box to insure all emails are responded to within published SLA. Transfer emails from DACA email box to appropriate folders and to the DACA database
    • Complete and maintain Client files (hard copy and electronic).
    • Complete required checklists for DACA opening and closing.
    • Perform duties & responsibilities specific to department functions & activities.
    • Performs other duties & responsibilities as required or assigned by supervisor.
    • Responsibilities include the following:  1) adhering to and complying with the applicable, federal and state laws, regulations and guidance, including those related to Anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.)
    • 2) adhering to Bank policies and procedures, 3) completing required training, 4) identifying and reporting suspicious activity to the AML Officer, and 5) knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank.


    • Undergraduate degree or experience in banking, real estate lending or corporate legal documentation, or equivalent combination of education and experience

    • Experience with MS Office including Word and Excel

    • Strong analytical, communication, and organizational skills

    • Strong attention to detail


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