Wire Transfer Job Description
- Using a computer, a wire transfer clerk moves money, stocks and other securities from one location and/or financial institution to another.
- When a transaction is received, a wire transfer clerk may physically pay money to customers of the institution.
- In an effort to maintain compliance with his employer and any regulatory authority, such as the Security and Exchange Commission (SEC), a wire transfer clerk keeps meticulous records of all transactions made, noting the sender, receiver and value of the transaction.
- Some employers require those who wish to obtain employment as a wire transfer clerk to possess an associate's degree.
- In 2009, the average annual salary of a wire transfer clerk employed in the United States is $29,905, according to Salary.com.
Performing Transactions
Payment to Customers
Keeping Records
Education Needed
Annual Income
Source...