Wealth Management Middle Office Specialist - Corporate Trust Operations

Regions Bank•Birmingham, AL

27d

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 Front Office associates and Management Interprets the details of trust accounting to properly process free movements, cash disbursements and gain/loss activity Posts pending trades to allow for the timely settlement of securities trades by SEI Administers bond payments and transfers processing Oversees fee setup and maintenance 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. This position is on the Wealth Management Middle Office Corporate Trust Operations team. This associate is responsible for managing the Rule 144 DWAC (Deposit/Withdrawal at Custodian) process — an electronic system that facilitates the transfer of securities between a brokerage account and a company’s transfer agent. Rule 144 provides a safe harbor for the public resale of restricted and control securities. Restricted securities are issued in a non-public transaction. Restricted securities typically are marked as “restrictive,” while control securities generally do not have any such designation. Control securities are securities held by an affiliate, such as an executive or large shareholder who has the power to direct management of the company issuing shares.

Requirements

High School diploma or GED
Some college and/or bank experience
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

Nice To Haves

Knowledge of Depository Trust Co (DTCC)
Knowledge of Rule 144
Knowledge of SEC (U.S. Securities and Exchange Commission)
Detail-Oriented – Shows precision and accuracy in work
Analytical Thinker – Ability to interpret data and make informed decisions
Problem Solver – Skilled at identifying issues and implementing solutions
Organized – Efficient in managing tasks and deadlines
Adaptable – Thrives in changing environments and learns quickly
Collaborative – Works well in team settings and builds strong relationships
Proactive – Takes initiative and anticipates needs before they arise
Dependable – Reliable and consistent in delivering results

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 Front Office associates and Management
Interprets the details of trust accounting to properly process free movements, cash disbursements and gain/loss activity
Posts pending trades to allow for the timely settlement of securities trades by SEI
Administers bond payments and transfers processing
Oversees fee setup and maintenance in the Wealth Management system
Resolves problems and answers questions from internal customers
managing the Rule 144 DWAC (Deposit/Withdrawal at Custodian) process — an electronic system that facilitates the transfer of securities between a brokerage account and a company’s transfer agent