Trust Operations Specialist II - Asset Valuations

Columbia Bank • Denver, CO

7d • $24 - $29 • Onsite

About The Position

A Trust Operations Specialist II is responsible for the accounting functions undertaken by the Trust Department in its administration of trusts, agency accounts, estates, conservatorships and IRAs. This role involves accurately posting all transactions on the trust accounting system without direction, understanding cash movement within the system and its effect on trust cash DDA accounts, and preparing and uploading ACH files and outgoing wires. The specialist will also produce, print, and mail trust checks, generate daily cash sweeps across multiple vehicles, and place trades for cash sweeps while sending wires for settlement. Additionally, the role includes processing requests for updates to the trust accounting system database (contact masters, account masters, remittances, ticklers) and is responsible for biweekly FinCen reporting. The position requires demonstrating compliance with all bank regulations, staying updated on regulation changes, and adhering to all Bank policies and procedures. A working knowledge of Bank Secrecy Act, Regulation CC, Regulation E, Bank Security, and other applicable regulations is necessary. This role may involve coaching, mentoring, or training others as a subject matter expert, and actively learning and fostering the Columbia corporate culture. The specialist is expected to take personal initiative, be a positive example, and embrace the vision of becoming the “Business Bank of Choice”. Other duties may be assigned.

Requirements

• 5 years Related experience required.
• Thorough understanding of departmental professional and business goals and how they contribute to the Bank’s business objectives
• Effective written and verbal communication and presentation skills
• Demonstrated effective time and project management skills
• Strong working knowledge of word processing and spreadsheet software, including Microsoft Word and Excel
• Ability to work effectively in a team environment
• Ability to accomplish work assignments under minimal supervision and tight deadlines
• Well-developed analytical and critical reasoning skills

Nice To Haves

• High school diploma or GED preferred.

Responsibilities

• Post all transactions on the trust accounting system accurately and without direction
• Has thorough understanding of cash movement within the trust accounting system and how if affects the trust cash DDA accounts.
• Prepares and uploads ACH file and outgoing wires.
• Produces, prints and mails trust checks.
• Generates daily cash sweep of multiple sweep vehicles.
• Places trades for cash sweep and sends wires for settlement.
• Processes requests for updates to the trust accounting system database (contact masters, account masters, remittances, ticklers).
• Responsible for the biweekly FinCen reporting.
• Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities – knowledge may be gained through coursework and on-the-job training. Keeps up to date on regulation changes.
• Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training.
• Maintain a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations as applicable to this job description.
• May be asked to coach, mentor, or train others and teach coursework as subject matter expert.
• Actively learns, demonstrates, and fosters the Columbia corporate culture in all actions and words.
• Takes personal initiative and is a positive example for others to emulate.
• Embraces our vision to become “Business Bank of Choice”
• May perform other duties as assigned.

Benefits

• Comprehensive healthcare coverage (medical, dental, and vision plans)
• 401(k)-retirement savings plan with employer match for qualifying associate contributions
• Employee assistance program
• Life insurance
• Disability insurance
• Tuition assistance
• Mental health resources
• Identity theft protection
• Legal support
• Auto and home insurance
• Pet insurance
• Access to an online discount marketplace
• Paid vacation
• Sick days
• Volunteer days
• Holidays

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED