Asset Servicing - Trust Operations Specialist Level 4
Union Bank And Trust Company, Minneapolis, Minnesota, United States, 55400
Overview
Job Name:
Trust Asset Servicing Job Level:
Trust Operations Specialist 4 Responsibilities
Domestic and Global Trade Settlement – settle already executed trades on the trust accounting system and the sub-custodian system; research trade and out of balance discrepancies; move money between sub-custodian and the bank; move money between trust accounts; work with brokers and investment managers on discrepancies. Asset Transfers – Move assets in or out of trust accounts and between other banks or brokers; research and resolve any out of balance discrepancies. Income Posting – post bond interest and dividends to client accounts; balance money movement versus the sub-custodian; research and resolve out of balance conditions. Vault Custodian – move physical assets into or out of the trust vault under dual control; post transactions on the trust accounting system; balance vault assets against the trust system. Class Actions – research transactions that would be eligible for class action proceeds; work with the class action vendor to resolve discrepancies and answer questions. Foreign Tax Reclamation – file necessary paperwork to get the most favorable tax withholding for trust accounts; work with relationship managers and sub-custodian to resolve differences; fill out tax forms as required for specific entities. Cross train on other trust operations desks in order to support out of office back-up coverage and peak volumes. Preferred Experience
Trust or brokerage operations experience Financial services background Knowledge of trust accounting software Education and Experience Requirements
High School Diploma or Equivalent Excellent math aptitude, typing, computer and 10-key skills Proficiency with Microsoft Word, Excel, Outlook, Windows, and Internet Basic understanding of bookkeeping skills Self-motivation, and attention to details working in a fast-paced environment Ability to communicate (orally and in writing) Ability to maintain discretion and confidentiality Ability to work within a team environment High level of accuracy and timeliness Maintains knowledge and understanding of internal service standards Ability to deliver a high level of responsiveness to internal and external clients Ability to multi-task and organize priorities Strong aptitude for problem solving Professional behavior and appearance
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Job Name:
Trust Asset Servicing Job Level:
Trust Operations Specialist 4 Responsibilities
Domestic and Global Trade Settlement – settle already executed trades on the trust accounting system and the sub-custodian system; research trade and out of balance discrepancies; move money between sub-custodian and the bank; move money between trust accounts; work with brokers and investment managers on discrepancies. Asset Transfers – Move assets in or out of trust accounts and between other banks or brokers; research and resolve any out of balance discrepancies. Income Posting – post bond interest and dividends to client accounts; balance money movement versus the sub-custodian; research and resolve out of balance conditions. Vault Custodian – move physical assets into or out of the trust vault under dual control; post transactions on the trust accounting system; balance vault assets against the trust system. Class Actions – research transactions that would be eligible for class action proceeds; work with the class action vendor to resolve discrepancies and answer questions. Foreign Tax Reclamation – file necessary paperwork to get the most favorable tax withholding for trust accounts; work with relationship managers and sub-custodian to resolve differences; fill out tax forms as required for specific entities. Cross train on other trust operations desks in order to support out of office back-up coverage and peak volumes. Preferred Experience
Trust or brokerage operations experience Financial services background Knowledge of trust accounting software Education and Experience Requirements
High School Diploma or Equivalent Excellent math aptitude, typing, computer and 10-key skills Proficiency with Microsoft Word, Excel, Outlook, Windows, and Internet Basic understanding of bookkeeping skills Self-motivation, and attention to details working in a fast-paced environment Ability to communicate (orally and in writing) Ability to maintain discretion and confidentiality Ability to work within a team environment High level of accuracy and timeliness Maintains knowledge and understanding of internal service standards Ability to deliver a high level of responsiveness to internal and external clients Ability to multi-task and organize priorities Strong aptitude for problem solving Professional behavior and appearance
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