MidWestOne Bank

  • Deposit Services Representative - CIP

    Iowa City
    Hours Per Week
    up to 40
    Benefits Package
    Yes - Full Time Package
    Location : Address 2
    500 South Clinton Street
  • Overview

    This position is responsible for a variety of office/clerical tasks involving expertise regarding the operational and in some instances the internal customer support for the Bank’s CIP check back process.  This area also needs to understand how accounts and portfolios are set up, how maintenance affects those set-ups, have a clear understanding of account ownership, and understand our bank CIP requirements as they relate to account set-up.


    • Review all Deposit and Safe Deposit Box new account reports to ensure that CIP packets are being submitted in a timely manner for each account that is opened
    • Review all Deposit and Safe Deposit Box CIP packets to make sure that the bank’s CIP guidelines are being followed and proper documents are obtained and accounts are set up with the correct codes on our Core system.
    • Review the W-8’s and W-9’s on new accounts to make sure proper documentation is in place
    • Develop a working knowledge of Account Analysis in order to assist employees with questions
    • Reconcile the Fed ACH Clearing GL on a daily basis
    • Review rate exceptions
    • Provide back-up to the Bill Payment product
    • Assist with maintenance on many clean-up projects
    • Monitor and prepare monthly Reg D reports for the Compliance Committee
    • Monitor monthly NOW account reports to make sure only eligible accounts have NOW accounts
    • Review and update procedures associated with this job description at least annually
    • Perform back-up duties as assigned
    • Assist other Deposit Operations staff as necessary including completing deposit verifications, research requests, miscellaneous internal and external customer requests and other miscellaneous departmental duties
    • Assure compliance with all Bank policies and procedures as well as applicable state and federal banking regulations


    High school diploma or general education degree with some post high school education or related work experience preferred; or equivalent combination of education and experience.


    At MidWestOne Bank diversity is embraced and we are committed to equal employment opportunity regardless of race, color, religion, sex, national origin, sexual orientation, gender identity, creed, Veteran status, disability, or any other legally protected status.  If you have a disability or special need that requires accommodation, please let us know. 


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