Trust Operations Associate I - Securities Specialist
3.
9 Topeka, KS Topeka, KS Full-time Full-time Estimated:
$35.
6K - $45.
1K a year Estimated:
$35.
6K - $45.
1K a year Description:
Hours:
7am - 4pm with the ability to flex around the core hours of 8am - 3pm Additional days and hours could be required, especially during times of high transactional volume Overtime required upon notification by management Role:
The Trust Operations Associate I - Securities Specialist is responsible for the accurate and timely accounting of the investable assets held by the company's Trust clients.
Securities Accounting includes, but is not limited to, ensuring securities transactions are appropriately authorized, confirmed, executed and subsequently recorded accurately and timely in the Trust Accounting System.
The Associate is responsible for calculating the daily cash settlement requirements and for requesting incoming and outgoing settlement wires.
Essential Functions &
Responsibilities:
Responsibilities also include monitoring and posting maturities and/or calls, posting periodic principal and interest payments, as well as ensuring appropriate allocation and posting of other investment income (i.
e.
dividends) and expenses to client accounts.
Responsible for ensuring mutual fund trade orders are submitted daily according to published cut-off schedules.
Serves in a back-up capacity to other departmental positions as necessary and supports the Trust Department Investment Officer as requested.
Core Duties & Responsibilities Follows the Company's established policies and procedures Serves as the departmental expert in trade processing and is responsible for obtaining an in-depth understanding of securities operations and the functionality within the core Trust Accounting System Conducts all interactions with internal and external customers in accordance with The CoreFirst Way Trade Processing & Reconcilement Performs daily operational duties, such as monitoring trade activity and ensuring trades are executed as authorized, including monitoring and authenticating 3rd party trades settling through the Banks custodian (i.
e.
ad-hoc arrangements) Reconciles Daily Transaction Reports of third-party custodians to the Trust Accounting System records Monitors preliminary and final settlement reports from the custodian and reconciles to internal supporting documentation Retrieves, validates and uploads external source data into the Trust Accounting System Ensures all trades are appropriately authorized, confirmed/affirmed and processed according to internal procedures Calculates the Daily Cash Settlement needs by custodian and ensures outgoing and incoming wire transfers are requested and processed timely and accurately Monitors and resolves unsettled, erroneous/failed trades or other similar exceptions and reports to the proper level of management Securities Accounting and Reconcilement Posts periodic Principal and Interest Payments received on client securities Reconciles and posts dividend and interest receipts to the Trust Accounting System; identifies and resolves discrepancies Processes and posts calls and maturities Processes and posts reinvested dividends and capital gain transactions Processes Treasury Auctions Forecasting and Analysis Uses Excel-based modeling and data analysis to forecast investment income and proactively monitors projections provided by the custodian to information available in the Trust Accounting System to identify early indicators of erroneous postings and to correct anticipated issues prior to transaction posting Quality Assurance and Internal Control Responsibilities Ensures that relevant regulations pertaining to trade and broker recordkeeping, confirmations and other pertinent requirements are adhered to within the scope of Trust Operations' responsibilities Ensures the operational effectiveness of trading control functions required under 12CFR208.
24 Obtains monthly trade audit information to substantiate competitive bidding Supports the Annual External Trust Audit and periodic Regulatory Trust Examination by providing documentation as requested by the auditor/examiner and providing support as necessary Please note this description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job.
Duties, responsibilities, and activities may change at any time with or without notice.
Requirements:
Education:
High school diploma or equivalent required Bachelor's Degree in Business or a related field preferred
Experience:
Preferred Experience Previous Trust and banking experience 2 years Trust Operations experience, specifically in Securities Operations Experience with TrustRite, Trust Accounting System Licensure:
Upon hire, successful completion of various Schools of Trust or Securities Operations will be required Skills & Abilities:
Required Skills Excellent organizational skills, including the ability to prioritize work and multi-task Ability to handle a heavy volume of work Willingness to establish and maintain effective working relationships through a high level of interpersonal skills Exceptional communication skills, both written and verbal, that can be demonstrated with internal and external clients Ability to manage multiple projects simultaneously Ability to solve practical problems and deal with multiple variables in situations with limited guidance Preferred Skills and Abilities A general understanding of Trust and Securities Operations Regulations A strong fundamental understanding of Investable Securities and Securities Operations Competencies:
Adherence to CoreFirst Values:
Respect, Communication, Integrity, Initiative, and Accountability.
A secondary focus on internal and external Customers, Compliance, Ethics, Perseverance, and Time Management is also essential.
Career minded, willingness to achieve the next level Ability to solve practical problems and deal with multiple variables in situations with limited guidance Detail oriented with a high level of accountability for accuracy Intermediate Tier Microsoft Office - Excel skill (pivot tables/charts, nested logical/IF formulas, multiple criteria lookups, arrays) Strong personal drive and initiative, demonstrated work ethic, and ability to work independently and as a team Physical:
Requirements:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to talk or hear.
The employee is frequently required to sit, stand, and walk.
Some light physical effort required.
Travel:
Travel is primarily local during the business day, although some local evening and weekend travel may be expected.
Work Environment:
This job operates in a professional office environment.
This role routinely uses standard office equipment such as computers, phones, copy machines, filing cabinets, and fax machines.
Other:
Applicants must pass a drug screen and background checks Internal applicants must meet the minimum requirements of their current job and submit a cover letter and resume via the employee portal Employment Practices:
CoreFirst provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics.
In addition to federal law requirements, CoreFirst Bank & Trust complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities.
This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.
Job Type:
Full-time Role:
The Trust Operations Associate I - Securities Specialist is responsible for the accurate and timely accounting of the investable assets held by the company's Trust clients.
Securities Accounting includes, but is not limited to, ensuring securities transactions are appropriately authorized, confirmed, executed and subsequently recorded accurately and timely in the Trust Accounting System.
The Associate is responsible for calculating the daily cash settlement requirements and for requesting incoming and outgoing settlement wires.
Essential Functions &
Responsibilities:
.
Estimated Salary: $20 to $28 per hour based on qualifications.
9 Topeka, KS Topeka, KS Full-time Full-time Estimated:
$35.
6K - $45.
1K a year Estimated:
$35.
6K - $45.
1K a year Description:
Hours:
7am - 4pm with the ability to flex around the core hours of 8am - 3pm Additional days and hours could be required, especially during times of high transactional volume Overtime required upon notification by management Role:
The Trust Operations Associate I - Securities Specialist is responsible for the accurate and timely accounting of the investable assets held by the company's Trust clients.
Securities Accounting includes, but is not limited to, ensuring securities transactions are appropriately authorized, confirmed, executed and subsequently recorded accurately and timely in the Trust Accounting System.
The Associate is responsible for calculating the daily cash settlement requirements and for requesting incoming and outgoing settlement wires.
Essential Functions &
Responsibilities:
Responsibilities also include monitoring and posting maturities and/or calls, posting periodic principal and interest payments, as well as ensuring appropriate allocation and posting of other investment income (i.
e.
dividends) and expenses to client accounts.
Responsible for ensuring mutual fund trade orders are submitted daily according to published cut-off schedules.
Serves in a back-up capacity to other departmental positions as necessary and supports the Trust Department Investment Officer as requested.
Core Duties & Responsibilities Follows the Company's established policies and procedures Serves as the departmental expert in trade processing and is responsible for obtaining an in-depth understanding of securities operations and the functionality within the core Trust Accounting System Conducts all interactions with internal and external customers in accordance with The CoreFirst Way Trade Processing & Reconcilement Performs daily operational duties, such as monitoring trade activity and ensuring trades are executed as authorized, including monitoring and authenticating 3rd party trades settling through the Banks custodian (i.
e.
ad-hoc arrangements) Reconciles Daily Transaction Reports of third-party custodians to the Trust Accounting System records Monitors preliminary and final settlement reports from the custodian and reconciles to internal supporting documentation Retrieves, validates and uploads external source data into the Trust Accounting System Ensures all trades are appropriately authorized, confirmed/affirmed and processed according to internal procedures Calculates the Daily Cash Settlement needs by custodian and ensures outgoing and incoming wire transfers are requested and processed timely and accurately Monitors and resolves unsettled, erroneous/failed trades or other similar exceptions and reports to the proper level of management Securities Accounting and Reconcilement Posts periodic Principal and Interest Payments received on client securities Reconciles and posts dividend and interest receipts to the Trust Accounting System; identifies and resolves discrepancies Processes and posts calls and maturities Processes and posts reinvested dividends and capital gain transactions Processes Treasury Auctions Forecasting and Analysis Uses Excel-based modeling and data analysis to forecast investment income and proactively monitors projections provided by the custodian to information available in the Trust Accounting System to identify early indicators of erroneous postings and to correct anticipated issues prior to transaction posting Quality Assurance and Internal Control Responsibilities Ensures that relevant regulations pertaining to trade and broker recordkeeping, confirmations and other pertinent requirements are adhered to within the scope of Trust Operations' responsibilities Ensures the operational effectiveness of trading control functions required under 12CFR208.
24 Obtains monthly trade audit information to substantiate competitive bidding Supports the Annual External Trust Audit and periodic Regulatory Trust Examination by providing documentation as requested by the auditor/examiner and providing support as necessary Please note this description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job.
Duties, responsibilities, and activities may change at any time with or without notice.
Requirements:
Education:
High school diploma or equivalent required Bachelor's Degree in Business or a related field preferred
Experience:
Preferred Experience Previous Trust and banking experience 2 years Trust Operations experience, specifically in Securities Operations Experience with TrustRite, Trust Accounting System Licensure:
Upon hire, successful completion of various Schools of Trust or Securities Operations will be required Skills & Abilities:
Required Skills Excellent organizational skills, including the ability to prioritize work and multi-task Ability to handle a heavy volume of work Willingness to establish and maintain effective working relationships through a high level of interpersonal skills Exceptional communication skills, both written and verbal, that can be demonstrated with internal and external clients Ability to manage multiple projects simultaneously Ability to solve practical problems and deal with multiple variables in situations with limited guidance Preferred Skills and Abilities A general understanding of Trust and Securities Operations Regulations A strong fundamental understanding of Investable Securities and Securities Operations Competencies:
Adherence to CoreFirst Values:
Respect, Communication, Integrity, Initiative, and Accountability.
A secondary focus on internal and external Customers, Compliance, Ethics, Perseverance, and Time Management is also essential.
Career minded, willingness to achieve the next level Ability to solve practical problems and deal with multiple variables in situations with limited guidance Detail oriented with a high level of accountability for accuracy Intermediate Tier Microsoft Office - Excel skill (pivot tables/charts, nested logical/IF formulas, multiple criteria lookups, arrays) Strong personal drive and initiative, demonstrated work ethic, and ability to work independently and as a team Physical:
Requirements:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to talk or hear.
The employee is frequently required to sit, stand, and walk.
Some light physical effort required.
Travel:
Travel is primarily local during the business day, although some local evening and weekend travel may be expected.
Work Environment:
This job operates in a professional office environment.
This role routinely uses standard office equipment such as computers, phones, copy machines, filing cabinets, and fax machines.
Other:
Applicants must pass a drug screen and background checks Internal applicants must meet the minimum requirements of their current job and submit a cover letter and resume via the employee portal Employment Practices:
CoreFirst provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics.
In addition to federal law requirements, CoreFirst Bank & Trust complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities.
This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.
Job Type:
Full-time Role:
The Trust Operations Associate I - Securities Specialist is responsible for the accurate and timely accounting of the investable assets held by the company's Trust clients.
Securities Accounting includes, but is not limited to, ensuring securities transactions are appropriately authorized, confirmed, executed and subsequently recorded accurately and timely in the Trust Accounting System.
The Associate is responsible for calculating the daily cash settlement requirements and for requesting incoming and outgoing settlement wires.
Essential Functions &
Responsibilities:
.
Estimated Salary: $20 to $28 per hour based on qualifications.
|
|
 | |
