Trust & Custody Operations Intern

UMB Bank•Kansas City, MO

16h

About The Position

The Trust & Custody Operations (TCO) department is responsible for supporting the Corporate Trust and Institutional Custody lines of business. The TCO department is made up of several teams who perform back-office functions to support our large institutional client base. Assignments range from data entry, processing of checks, ACH, wire payments, increasing/decreasing client holdings and positions, analyzing data for regulatory reporting, client invoicing, and more. As the Trust & Custody Operations Intern, you will handle processing wire payments for scheduled principal and interest payments, making payment adjustments, performing transfer of ownership of securities, setting up new accounts, processing wire instruction changes, processing address changes, and much more.

Requirements

Currently enrolled in an Associate’s or Bachelor’s degree program specialized in Accounting, Finance, Economics, Statistics, or Mathematics

Responsibilities

Facilitate trade activity (global and domestic) and monitor settlement
Initiate domestic and foreign money movements
Provide reporting as requested
Facilitate problem resolution, tracking issues through to completion
Follow company/department policies and procedures to mitigate risk
Support documentation and audit requests
Cooperating with the direct manager which includes taking responsibility of personal development, self-evaluation, participating in meetings etc.

Benefits

Paid Time Off
a 401(k) matching program
annual incentive pay
paid holidays
a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage
health savings, flexible spending, and dependent care accounts
adoption assistance
an employee assistance program
fitness reimbursement
tuition reimbursement
an associate wellbeing program
an associate emergency fund
various associate banking benefits