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Wire Transfer Job Description

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    Performing Transactions

    • Using a computer, a wire transfer clerk moves money, stocks and other securities from one location and/or financial institution to another.

    Payment to Customers

    • When a transaction is received, a wire transfer clerk may physically pay money to customers of the institution.

    Keeping Records

    • 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.

    Education Needed

    • Some employers require those who wish to obtain employment as a wire transfer clerk to possess an associate's degree.

    Annual Income

    • In 2009, the average annual salary of a wire transfer clerk employed in the United States is $29,905, according to Salary.com.

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