Trust Operations Coordinator

The Trust Operations Coordinator is responsible for the overall coordination of daily operations for the Trust Department. This position implements and maintains operational controls for the Trust Department with a focus on transactional reviews, account and asset reconciliations, record keeping, and tax and portfolio accounting functions.

Requirements

• Development of proficiency with Trust accounting system in an outsourcing environment.
• Responsible for oversight of processing, clearing, servicing and settlement of transactions.
• Responsible for oversight of routine operational balancing and reconciliation of accounts and assets
• Coordinate with Trust Officer the submission of all reports, documents, etc. for internal/external audits/examinations.
• Documents, implements and monitors internal controls.
• Open and close accounts: including set up and removes computer records, complete open and close checklists; and set up, re-registers and distributes assets.
• At the request of Trust Officer or other Investment Advisors, process purchases and sales of stocks, bonds, mutual funds, ETF’s.
• When necessary, obtain and provide manual price updates for miscellaneous assets to trust accounting software vendor.
• When necessary, obtain date of death (DOD) estate valuation information.
• Responsible for trust vault activity and audits.
• Responsible for oversight of resolution of transaction and custody exceptions.
• Responsible for oversight and processing secure wire transfers, ACH transfers, cash receipts and all check production.
• Handle fiduciary DDA cash reconcilement review net settlement and other money movement.
• Perform complex inquiries and research.
• Monitor open items (Free Receipt of Assets/Transfers/Corporate Actions, etc.) in the department.
• Ensure adequate due diligence and record keeping
• Assist with daily Trust administrative duties.
• Develops and implements special projects/reports.
• Facilitates communication between trust operations and other members of Core Bank.
• Responsible for being current with a variety of trust concepts, practices and procedures