Trust Compliance Specialist

Springs Valley Bank & Trust Company•Jasper, IN

About The Position

Assists in assuring compliance with all department policies and procedures, as well as applicable regulations. This role involves maintaining a current understanding of regulations related to fiduciary and compliance issues, performing administrative reviews of accounts, and ensuring the accuracy of IRA disbursements. The specialist will also assist examiners and auditors, reconcile accounts, analyze transactions to identify risks, and recommend procedural changes. Additionally, the role includes handling customer inquiries, providing backup for operations duties, and assisting in the oversight of operations staff for accuracy.

Requirements

Bachelor's degree in finance or related field or 4 years of financial/accounting related work experience.
Knowledge of accounting principles.
Analytical skills.
Verbal communication skills.
Mathematical skills.
Written communication skills.
Fluency in computer applications such as accounting software and Microsoft Office Programs.

Responsibilities

Maintains current understanding of regulations as they relate to fiduciary and compliance issues and educates the department regarding the same.
Performs administrative reviews of accounts.
Ensures accuracy of IRA disbursements, including required minimum distributions.
Assists examiners and auditors and follows-up with recommendations.
Reconciles general ledger and internal operating accounts.
Analyzes and interprets a wide variety of transactions and identifies risk-related issues needing escalation to management.
Recommends procedural and policy changes and assists with revising procedures and policies.
Research special items and completes special projects as needed.
Handles and answers customer inquiries in accordance with Brand Standards.
Back-up operations duties as needed.
Performs other administrative duties as assigned.
Assists in oversight of Financial Advisory Group operations staff to help ensure accuracy.