What are the responsibilities and job description for the Wealth Operations Administrator position at First Bank & Trust?
Job Description
This role provides essential support for managing operational and internal administrative functions for trust accounts, including processing transactions, maintaining detailed records, handling asset movement, reconciling both client and department accounts, and ensuring regulatory compliance.
Qualifications: Associate’s degree with a minimum of 4 years of relevant experience, or an equivalent combination of education and experience. Preferred background in banking, wealth management, trust services, law, or brokerage. Solid foundational knowledge of financial instruments and principles, including stocks, bonds, mutual funds, tax concepts, and financial statements. Proven ability to manage multiple priorities in a dynamic environment while consistently meeting deadlines. Strong attention to detail, effective organizational skills, sound decision-making, and a commitment to high-quality work.
Principal Responsibilities
Salary Grade 5
First Bank & Trust is an Equal Opportunity, Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, disability, or status as a protected veteran. Read our complete Equal Employment Opportunity Policy Statement. Applicants who would like to request reasonable accommodation to the application or interview process should call Human Resources at 800.843.1552 or email hr@bankeasy.com.
This role provides essential support for managing operational and internal administrative functions for trust accounts, including processing transactions, maintaining detailed records, handling asset movement, reconciling both client and department accounts, and ensuring regulatory compliance.
Qualifications: Associate’s degree with a minimum of 4 years of relevant experience, or an equivalent combination of education and experience. Preferred background in banking, wealth management, trust services, law, or brokerage. Solid foundational knowledge of financial instruments and principles, including stocks, bonds, mutual funds, tax concepts, and financial statements. Proven ability to manage multiple priorities in a dynamic environment while consistently meeting deadlines. Strong attention to detail, effective organizational skills, sound decision-making, and a commitment to high-quality work.
Principal Responsibilities
- Process a high-volume of trust account transactions, including receipts, disbursements, income allocation, trade settlements, asset transfers, fee postings, and unique assets.
- Perform daily reconciliation of trust accounts and assets to ensure accuracy and identify discrepancies. Perform monthly reconciliation of department suspense accounts.
- Maintain accurate records for all trust activities, including reports, statements, and tax information.
- Assist wealth officers and administrators with requests and client inquiries, including client portal.
- Identify opportunities for process improvements, implementing controls, and managing operational risk.
- Crosstrain within the Wealth Operations team to provide coverage and support.
- Act in accordance with First Bank & Trust policies and procedures as set forth in the employee handbook.
- Adhere to compliance procedures and participate in required compliance training.
Salary Grade 5
First Bank & Trust is an Equal Opportunity, Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, disability, or status as a protected veteran. Read our complete Equal Employment Opportunity Policy Statement. Applicants who would like to request reasonable accommodation to the application or interview process should call Human Resources at 800.843.1552 or email hr@bankeasy.com.