Trust Operations Associate II - Securities Specialist

Corefirst Bank & Trust • Topeka, KS

1d • Onsite

About The Position

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. 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

• High school diploma or equivalent required
• 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
• 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
• 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

Nice To Haves

• Bachelor’s Degree in Business or a related field preferred
• Previous Trust and banking experience preferred
• A general understanding of Trust and Securities Operations Regulations
• A strong fundamental understanding of Investable Securities and Securities Operations
• Career minded, willingness to achieve the next level

Responsibilities

• 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
• 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
• Reconciles and posts dividend and interest receipts to the Trust Accounting System; identifies and resolves discrepancies
• Ensures that relevant and required regulations pertaining to trade and broker recordkeeping, documentation, confirmations, and other pertinent requirements are adhered to within the scope of Trust Operations’ responsibilities

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED