Wealth Management Middle Office Specialist- Cash Processing

Regions Bank•Hoover, AL

3d•$40,000•Onsite

About The Position

At Regions, the Wealth Management Middle Office Specialist provides back office support for the Wealth Management business segment. The Wealth Management Middle Office Core Unit consists of the following teams: Account Services (Cash Processing and the Closely Held Group), Custody Services, Fees, Corporate Trust Operations and Natural Resources and Real Estate (NRRE) Operations. Primary Responsibilities Provides specialized administrative support to the Wealth Management business segment, including transactions processing for firm-specific assets, client bill pay services, wire transfers and check disbursements Creates detailed analytical reports and ad hoc reports for projects, Front Office associates and Management Interprets the details of proper trust accounting, reversals and corrections of transactions including free movements, cash disbursements and gain/loss activity Posts pending trades to allow for the timely settlement of securities trades by SEI Tracks and resolves failed trades Administers bond payments, transfers processing, and balances daily payments Oversees fee setup, maintenance, billing, and collection in the Wealth Management system Resolves problems and answers questions from internal customers This position requires the tracking of time and is eligible for overtime for hours worked in excess of 40 per week under the Fair Labor Standards Act.

Requirements

High School diploma or GED
Two (2) years experience in banking/financial services industry or College Degree
Ability to multitask with minimal supervision
Demonstrates a willingness to learn and apply new concepts and can adapt well to change
Demonstrates the ability to identify and resolve common issues/problems
Good analytical and problem-solving skills, including attention to detail
Proficient verbal and written communication skills
Proficient with Microsoft Office products and programs

Responsibilities

Provides specialized administrative support to the Wealth Management business segment, including transactions processing for firm-specific assets, client bill pay services, wire transfers and check disbursements
Creates detailed analytical reports and ad hoc reports for projects, Front Office associates and Management
Interprets the details of proper trust accounting, reversals and corrections of transactions including free movements, cash disbursements and gain/loss activity
Posts pending trades to allow for the timely settlement of securities trades by SEI
Tracks and resolves failed trades
Administers bond payments, transfers processing, and balances daily payments
Oversees fee setup, maintenance, billing, and collection in the Wealth Management system
Resolves problems and answers questions from internal customers