Wealth Client Specialist-Personal Trust IRA
About The Position
At First Citizens Bank, we help clients pursue their ambitions at every stage of life. From life’s biggest financial decisions to everyday needs big and small, our First Citizens Wealth team delivers banking, investment, insurance, and many more solutions that support the moments that matter most. Wealth Client Specialist will collaborate with the Personal Trust IRA team as a key partner to support and enhance existing IRA processes. Working together to provide quality assurance and quality control functions consistent with first line of defense established policies and procedures to ensure data integrity and regulatory compliance.
Requirements
- Bachelor degree and related banking or financial services experience OR High school diploma or GED with minimum of 4 years of trust or financial services experience.
Nice To Haves
- Prior experience in IRA Administration or Processing
- Prior experience in Wealth Management/Trust or financial services
- Highly organized, detail oriented and efficient at task completion
Responsibilities
- Manage distribution requests as received from fiduciary team, reviewing details for accuracy and correctness, coordinating corrections as needed.
- Partner with Trust Operations to ensure all requests are completed timely.
- Assist with production of rollover recommendations as required by the IRA Prohibited Transaction Exemption PTE 2020-02, including review of documentation and data analysis.
- Assist with other duties to support the Personal Trust IRA Team, including review of IRA transactions, validation of IRA data, and participation in various projects.
Benefits
- Competitive, thoughtfully designed and quality benefits program
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
