Asset Servicing - Trust Operations Specialist Level 4 or 5

Job Description Job Name: Trust Asset ServicingJob Level: Trust Operations Specialist 4 or 5Job Duties:Domestic and Global Trade Settlement – settle already executed trades on the trust accounting system and the sub-custodian system; research trade and out of balance discrepancies; move money between sub-custodian and the bank; move money between trust accounts; work with brokers and investment managers on discrepancies.Asset Transfers – Move assets in or out of trust accounts and between other banks or brokers; research and resolve any out of balance discrepancies.Income Posting – post bond interest and dividends to client accounts; balance money movement versus the sub-custodian; research and resolve out of balance conditions.Vault Custodian – move physical assets into or out of the trust vault under dual control; post transactions on the trust accounting system; balance vault assets against the trust system.Class Actions – research transactions that would be eligible for class action proceeds; work with the class action vendor to resolve discrepancies and answer questions.Foreign Tax Reclamation – file necessary paperwork to get the most favorable tax withholding for trust accounts; work with relationship managers and sub-custodian to resolve differences; fill out tax forms as required for specific entities.Cross train on other trust operations desks in order to support out of office back-up coverage and peak volumes.Preferred Experience:Trust or brokerage operations experienceFinancial services backgroundKnowledge of trust accounting softwareEducation and Experience Requirements:High School Diploma or EquivalentExcellent math aptitude, typing, computer and 10-key skillsProficiency with Microsoft Word, Excel, Outlook, Windows, and InternetBasic understanding of bookkeeping skillsSelf-motivation, and attention to details working in a fast-paced environmentAbility to communicate (orally and in writing)Ability to maintain discretion and confidentialityAbility to work within a team environmentHigh level of accuracy and timelinessMaintains knowledge and understanding of internal service standardsAbility to deliver a high level of responsiveness to internal and external clientsAbility to multi-task and organize prioritiesStrong aptitude for problem solvingProfessional behavior and appearance#hc238730