Trust Associate II

Keybank National Association • Brooklyn, OH

50d • $19 - $25 • Hybrid

About The Position

The focus of administrative activities relates to client satisfaction/consulting and oversight responsibilities associated with all legal, reporting aspects and client issues/resolution involving the following: trust/custody, benefit disbursements, investment management, and commercial bank account services/activities, as well as maintaining the integrity of associated compliance aspects. May independently work with client contacts to identify and describe problems. Is expected to contact involved operations parties to find resolution and convey to client for closure. Establishes rapport and effectively coordinates all service issues across product lines to deliver quality service to external and internal clients. The focus of administrative activities relates to client satisfaction/consulting and oversight responsibilities associated with all legal, reporting aspects and client issues/resolution involving the following: trust/custody, benefit disbursements, investment management, and commercial bank account services/activities, as well as maintaining the integrity of associated compliance aspects. May independently work with client contacts to identify and describe problems. Is expected to contact involved operations parties to find resolution and convey to client for closure. Establishes rapport and effectively coordinates all service issues across product lines to deliver quality service to external and internal clients.

Requirements

• Undergraduate degree in business-related field or equivalent work experience.
• A minimum of 2 years industry experience working with corporate, nonprofit, endowment funds, public fund and/or Taft Hartley clients in administrative capacity or other client service roles.
• Demonstrated strong client service skills.
• Securities processing and bank operations knowledge.
• Excellent analytical, communication (oral and written), interpersonal and problem resolution skills.
• Strong PC skills, especially Excel, Word, Power Kofax PDF and PowerPoint.

Nice To Haves

• Competence with trust/custody, pension, alternative assets, commercial banking, operating fund, and charitable plan client needs.
• Client consultation/advocate background.
• Securities processing and bank operations knowledge.
• Public speaking experience.

Responsibilities

• Work in partnership with a Institutional Advisor/Relationship Manager to service and monitor an assigned group of accounts to ensure timely and accurate processing of client directed trades and transactions and the required financial reporting.
• Demonstrate knowledge relating to the institutional trust/custody client needs and IA product offerings and operational effectiveness and efficiency (ex. Account Onboarding, asset collection, alternative assets, pension payment system, client & file system maintenance, etc.)
• Processes, on daily basis, various cash processing transactions including wire transfers, preparation of checks, transfer of cash, deposit of funds, forwards client trading requests.
• Reviews and manages daily cash reports. Prepare various reports, correspondence, technical documents, and special projects as requested.
• Develop relationships with clients and their service providers, such as consultants, third-party plan administrators, accountants, auditors, outside RIA's, etc.
• Read and understand standard institutional client trust/custody agreements and documents for administrative and fiduciary purposes.
• Mitigate risk by servicing assigned institutional client relationships in compliance with KeyBank policies and procedures, as well as with regulatory and legal requirements.
• Leads by example and demonstrates client focus and teamwork towards both clients and KeyBank employees.
• Assist clients with required reporting to various government agencies (i.e., DOL, PBGC, IRS, etc.).
• Identify improvement opportunities with internal support units, investment management, or other KeyBank business units, and proactively advise IA clients on effective operational, or investment processes and solutions.
• Provide back up to other CAs or assigned RM(s).

Benefits

• This position is eligible to earn a base hourly rate in the range of $18.75 - $24.52 per hour. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for this role also includes incentive compensation subject to individual and company performance.
• Please click here for a list of benefits for which this position is eligible.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Number of Employees: 5,001-10,000 employees