Trust Operations Specialist

Columbia Bank•Denver, CO

2d•Onsite

About The Position

A Trust Operations Specialist II performs accounting functions for the Trust Department’s administration of trusts, agency accounts, estates, conservatorships, and IRAs. The role posts transactions to the trust accounting system, handles cash movement, prepares ACH files and outgoing wires, produces and mails checks, manages daily cash sweeps, places related trades, and processes database update requests. It also includes biweekly FinCEN reporting and responsibility for following applicable banking regulations, policies, procedures, and training requirements. The specialist may coach or train others and is expected to demonstrate and foster Columbia Bank’s corporate culture and take initiative. Other duties may be assigned. This position is fully onsite at 1801 California Street, Suite 800, Denver, CO 80202. Occasional travel is required. The pay range is $23.98–$32.00; the selected candidate’s pay rate depends on factors including job-related knowledge, skills, experience, education, and 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, 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

Perform accounting functions for the Trust Department’s administration of trusts, agency accounts, estates, conservatorships, and IRAs.
Post transactions accurately in the trust accounting system without direction.
Manage cash movement within 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 of multiple sweep vehicles.
Place trades for cash sweeps and send wires for settlement.
Process requests to update the trust accounting system database, including contact masters, account masters, remittances, and ticklers.
Complete biweekly FinCEN reporting.
Comply with applicable bank regulations and keep up to date on regulatory changes.
Follow bank policies, procedures, compliance regulations, and required annual or job-specific training.
Maintain working knowledge of applicable written policies and regulations, including the Bank Secrecy Act, Regulation CC, Regulation E, and Bank Security.
Coach, mentor, or train others and teach coursework as a subject matter expert when asked.
Demonstrate and foster Columbia’s corporate culture, take personal initiative, and serve as a positive example.
Perform other duties as assigned.

Benefits

Medical, dental, and vision plans for eligible associates.
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, and holidays.
Possible performance-based incentive compensation.