Wealth Client Specialist-Personal Trust IRA

Overview

At First Citizens Bank, we help clients pursue their ambitions at every stage of life. From life’s biggest financial decisions to everyday needs big and small, our First Citizens Wealth team delivers banking, investment, insurance, and many more solutions that support the moments that matter most.

Wealth Client Specialist will collaborate with the Personal Trust IRA team as a key partner to support and enhance existing IRA processes. Working together to provide quality assurance and quality control functions consistent with first line of defense established policies and procedures to ensure data integrity and regulatory compliance.

Responsibilities

• IRA distribution processing
  
  

This role will manage distribution requests as received from fiduciary team. This involves reviewing details of the request to ensure accuracy and correctness, along with coordinating corrections with the fiduciary team as needed. Will partner with Trust Operations to ensure all requests are completed timely.

IRA Recommendation Production

Will assist with production of rollover recommendations as required by the IRA Prohibited Transaction Exemption PTE 2020-02. This will include the review of documentation provided by the fiduciary team, and conducting data analysis to generate the recommendation.

Other Duties

The Specialist will assist with other duties to support the Personal Trust IRA Team which include the review of IRA transactions, validation of IRA data and participation in various projects.

Qualifications

Bachelor degree and related banking or financial services experience OR High school diploma or GED with minimum of 4 years of trust or financial services experience.

Preferred Skills

• Prior experience in IRA Administration or Processing
• Prior experience in Wealth Management/Trust or financial services
• Highly organized, detail oriented and efficient at task completion
  
  

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.