Trust Operations Specialist
About The Position
A Trust Operations Specialist II performs accounting functions for the Trust Department in administering trusts, agency accounts, estates, conservatorships, and IRAs. The role posts transactions in the trust accounting system, manages cash movements and cash sweep activity, prepares ACH files and outgoing wires, produces and mails checks, and processes updates to trust system records. It also handles biweekly FinCEN reporting and supports compliance with applicable banking regulations, policies, procedures, and required training. The specialist may coach or train others, contributes to Columbia Bank’s corporate culture and vision, and may perform other duties as assigned. The position is fully onsite at 1801 California Street, Suite 800, Denver, Colorado 80202. Occasional travel is required. The listed pay range is $23.98–$32.00; selected-candidate pay depends on job-related knowledge, skills, experience, education, and geographic location. The role may be eligible for performance-based incentive compensation.
Requirements
- Five years of related experience.
- 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 complete assignments with minimal supervision and under tight deadlines.
- Well-developed analytical and critical reasoning skills.
Nice To Haves
- High school diploma or GED (preferred).
Responsibilities
- Post transactions accurately in the trust accounting system without direction.
- Manage cash movement in the trust accounting system and understand its effects on trust cash DDA accounts.
- Prepare and upload ACH files and outgoing wires.
- Produce, print, and mail trust checks.
- Generate daily cash sweeps across multiple sweep vehicles.
- Place trades for cash sweep and send wires for settlement.
- Process requests to update trust accounting system data, including contact masters, account masters, remittances, and ticklers.
- Complete biweekly FinCEN reporting.
- Demonstrate compliance with banking regulations relevant to the assigned job function and stay current on regulatory changes.
- Follow Bank policies and procedures, comply with applicable regulations, and complete required annual or job-specific training.
- Maintain working knowledge of applicable written policies and procedures, including those regarding the Bank Secrecy Act, Regulation CC, Regulation E, and Bank Security.
- May coach, mentor, or train others and teach coursework as a subject matter expert.
- Actively learn, demonstrate, and foster Columbia's corporate culture; take personal initiative and serve as a positive example.
- Embrace the Bank's vision to become the “Business Bank of Choice.”
- Perform other duties as assigned.
Benefits
- 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
- Paid sick days
- Paid volunteer days
- Paid holidays
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
