Assistant Vice President - Operations - NYPB&T

Emigrant Bank•New York, NY

6h•$100,000 - $125,000•Onsite

About The Position

Founded in 1850 as the Emigrant Savings Bank, New York Private Bank & Trust (the holding Company for Emigrant Savings Bank) offers fully integrated investment advisory, trust, lending, and other banking and family office services to serve the needs of wealthy individuals and families.

Requirements

Strong ability to work independently and with appropriate urgency
Excellent follow-up habits and attention to details
Team player willing to roll up their sleeves and work collaboratively across the team and division to provide the best customer service for clients
Ability to recognize an issue; offer solutions to address through improving efficiency and mitigating risk by creating a new control
Ability to perform effectively in a changing environment due to expansion and functional realignment
Adept at multi-tasking, knowing when to escalate and or ask for help with an issue; effective communicator

Responsibilities

Perform comprehensive client-onboarding activities for private banking and trust clients, inclusive of:
Preparing required paperwork for new Chairman, Checking, Investment Management and FIS Trust accounts
Collecting and preparing documentation to ensure compliance with Anti-Money Laundering/BSA requirements
Reviewing required documentation & account opening paperwork once signed by client for completeness
Sending fully executed documentation & account opening paperwork to onboarding partners to open the accounts
Setting up client relationship in Addepar;
Importing/linking accounts
Creating fee schedule
Creating portal views and sending portal activation email
Emailing quarterly performance reports
Perform comprehensive client account maintenance activities for private banking clients, inclusive of:
Preparing & reviewing wire and check requests; Facilitating check deposits
Instructing & performing cash transfers or asset movement between accounts
Facilitating account closings and or account transfers
Processing monthly client management fees; quarterly Pershing fees
Preparing quarterly ARC materials; administrative reviews for clients
Perform comprehensive client account opening & maintenance activities for Alternative Investment clients, inclusive of:
Notifying clients of capital calls for the USRA Net Lease Funds and other Alternative Investments
Coordinating and tracking capital call payments for client funding using in house accounts
Confirming distributions for the USRA Net Lease Funds and other Alternative Investments
Maintenance of Control Program
Monitoring of various control reports to assure adherence to corporate and regulatory control standards
Prepare documentation for internal & external audits
Reviewing & updating policy and procedure documents on an annual basis or adhoc as needed
Point of Contact
for clients - reviewing, researching and responding timely to client queries
for Pershing – account custodian
for Trust Management Network (TMN) – trust administration platform
for internal partners around the Bank
Working closely with Internal Partners
Investment Management Team
Relationship Managers
Division Compliance Officer
Corporate Compliance Team
Trust Department
Subsidiary Accounting
Treasury Support/Wire Room