What are the responsibilities and job description for the Trust Operations Specialist position at ABOC?
For 100 years, ABOC has fostered deep ties to our customers and our community, serving the banking needs of countless businesses, organizations, institutions, and individuals, many for multiple generations. These relationships are based on profound trust, in-depth understanding and highly personal and responsive service provided by our experienced bankers.
We take tremendous pride in being a great place to work! We value the contributions our employees bring to the table every day. We work hard to nurture and maintain a mutually respectful, diverse culture that fosters teamwork and a commitment to exceptional customer service.
RESPONSIBILITIES:
- Prepares and processes designated trust operations payments and transactions.
- Provides assistance throughout the department as a back-up for various trust operations functions which may include processing and reconciliation of DTC and Fed trade settlements and verification of positions against trade confirmations, processing of securities (including mutual funds and safekeeping items, etc.), reorganization and corporate action processes, department balancing, statement generation and processing, SLG processing, Institutional and Corporate Trust fee processing and money market sweep processing.
- Trains regularly on each function managed by departmental staff to prepare to perform each role when needed.
- Balances, research and resolves trust accounting system issues.
- Retrieves and distributes departmental reports and compiles and prepares information as requested.
- Contributes, participates and communicates on projects and department support items as assigned.
- Keeps abreast of departmental issues through additional training with appropriate specialists when a process is revised.
- Performs other related duties as assigned.
REQUIRED EDUCATION, EXPERIENCE AND SKILLS:
- High school diploma or equivalent (required)
- Knowledge of trust practices and procedures as is normally attained in three years of trust operations or related experience in a back-office environment (required)
- Expertise with trade settlement, dividend and interest payment and mutual fund processes (preferred)
- Familiarity with and working knowledge of FIS Addvantage System and/or DTCC (helpful)
BENEFITS:
- Competitive compensation package
- Full health insurance (medical, dental and vision),
- 401(k)
- Life insurance
- Education Assistance
- Paid Vacation Days
- Employee Assistance Program
- Open-door work environment
- Opportunities for advancement
- Community Service Opportunities
We are an equal opportunity employer and value diversity, equity, and inclusion at our company. We do not discriminate based on any protected category. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.