Vault Operations Custodian (Wilmington, DE)

M&T Bank • Wilmington, DE

22h • $23 - $38 • Remote

About The Position

Overview: Provides operational support to the WISD (Wealth & Institutional Services Division) and its’ clients including, but not limited to, posting, maintaining and processing asset, cash and security related transactions. Processes account balancing as well as other various tasks on a regular basis. Ensures activities comply with pertinent internal policies and external regulations. Works remotely to support Wilmington line of business as required by circumstance. Primary Responsibilities: Resolve problems with transactions by communicating directly with internal Financial Advisors, Investment Managers and third parties. Work with Middle and Front Office to resolve problems with requests submitted. Balance, report, and research all exception items that settle through various depositories, general ledger and house accounts. Process and record specific types of transactions relating to investment cash and assets amongst accounts according to applicable policies and procedures. Monitor the group mailbox for incoming work and inquiries. Complete independent verification of transactional activity processed by other team members to ensure accuracy. Support and recommend the implementation of process improvements for the area. Interpret data received from internal and external parties to process moderately complex transactions with a sense of urgency. Identify and report all risk and compliance issues, breaches and suspicious activities to management. Prioritize and manage own workload to meet service level agreements and internal service delivery standards. Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite. Identify risk-related issues needing escalation to management. Promote an environment that supports belonging and reflects the M&T Bank brand. Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable. Complete other related duties as assigned.

Requirements

• Associate’s degree and a minimum of 1 years’ general work experience, or in lieu of a degree, a combined minimum of 3 years’ higher education and/or work experience
• Effective communication skills
• Detail-oriented
• Good organizational skills
• Strong mathematical skills
• Knowledge of pertinent spreadsheet and word processing software

Nice To Haves

• Bachelor’s degree in Business, Finance or Accounting
• Minimum of 2 years’ securities industry experience
• Knowledge of Trust accounting systems
• Knowledge of accounting principles as needed by job
• Knowledge of pertinent Bank systems
• Ability to work under time constraints

Responsibilities

• Resolve problems with transactions by communicating directly with internal Financial Advisors, Investment Managers and third parties.
• Work with Middle and Front Office to resolve problems with requests submitted.
• Balance, report, and research all exception items that settle through various depositories, general ledger and house accounts.
• Process and record specific types of transactions relating to investment cash and assets amongst accounts according to applicable policies and procedures.
• Monitor the group mailbox for incoming work and inquiries.
• Complete independent verification of transactional activity processed by other team members to ensure accuracy.
• Support and recommend the implementation of process improvements for the area.
• Interpret data received from internal and external parties to process moderately complex transactions with a sense of urgency.
• Identify and report all risk and compliance issues, breaches and suspicious activities to management.
• Prioritize and manage own workload to meet service level agreements and internal service delivery standards.
• Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite.
• Identify risk-related issues needing escalation to management.
• Promote an environment that supports belonging and reflects the M&T Bank brand.
• Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
• Complete other related duties as assigned.

Benefits

• As an employer of choice, we are proud to offer competitive benefits ranging from medical and retirement to forty hours of paid volunteer time, each year.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree