Trust Fund Valuation Trading Specialist
Company: Disability Solutions
Location: Green Bay
Posted on: April 15, 2024
Job Description:
At Associated Bank we strive to create an inclusive culture
where different perspectives are valued and recognized as strengths
critical to our success. If you thrive in an environment where your
growth and development are encouraged and supported, then
Associated Bank may be the right place for you.We invite you to
view the opportunity below.Under limited supervision, calculate the
net asset value of the Trust Company's Collective and Unitized
funds daily and Common funds weekly and at month-end. Responsible
for processing a variety of complex operational functions including
(but not limited to): trading, class action processing, held away
account transactions and reconciliation, monitoring and processing
all outgoing domestic and international wires, ensuring broker
statements are received for all applicable positions and
researching and pricing positions not priced by the Trust Company's
pricing service.Due to work requirements, candidates must be
located near the Greater Green Bay, WI area. This position is also
not eligible for fully remote work.This person will also:
- Calculate the Net Asset Value of Collective and Unitized funds
daily. Verify accruals, transaction activity and pricing on assets
held in the funds for accuracy. Determine where prices need to be
manually adjusted. Send prices to the broker/dealer to ensure
accuracy and execution of trades in order to post plan/participant
trades.
- Monitor all equity and bond trading for the Trust Company,
including for assets not publicly traded. Review trade
confirmations received to ensure trades initiated from the broker
are accurate, allowing for timely affirmation and settlement
through the depositories. Work with Trust Investments and outside
investment managers to resolve any trade discrepancies. Assist
directed account customers with trading, questions and special
requests. Establish new securities on the Trust accounting system
to ensure timely settlement, proper collection of income and
dividends, pricing, and proper taxation for the various Trust
accounts.
- Monitor domestic and international wires requested by Trust
Administration and Operations, ensuring accurate information is
provided for timely processing. Research and communicate regarding
any wires that are not correct. For international wires, obtain the
conversion rate for the country the wire is being sent to. Charge
client accounts for wire fees as needed.
- Through the use of a daily data collection interface, balance
account transactions for accounts where ATC is not custodian
(held-away). Ensure transactions are processed appropriately to
reflect custodial account positions to aide in investment portfolio
management. Obtain broker statements and confirms to ensure assets
are updated to reflect accurate holdings and value. At month end,
verify all positions have been updated for client statement
purposes.
- In conjunction with the vendor, file class action suits for
positions held in client accounts. Research holders and buy/sell
transactions for the specified time period and provide to vendor
for filing on behalf of the client. Research and process class
actions settlement payments received on behalf of client
accounts.
- Perform reallocation of funds received or distributed from
Lifestage Collective Funds. Ensure accurate execution of trades,
resulting in appropriate allocation of investments within the
model.
- Provide necessary oversight over prices that need to be
obtained daily to ensure accurate valuation and fee calculations.
Monthly, monitor for missing or stale security prices and obtain
pricing from third parties in order to update prices in the Trust
accounting system.
- Manage the securities lending process for large institutional
clients. Monitor and reconcile all positions to ensure that they
can be delivered to custodians for lending purposes. Work closely
with colleagues responsible for trade settlement to address any
pending trade discrepancies.
- Transfer securities at the depositories as requested by
Treasury Operations. Verify request for accuracy and transfer
appropriate units and original face to ensure accruals are
transferred correctly.Review the qualifications listed
below:Education
- Bachelor's Degree or equivalent combination of education and
experience Business, Accounting, or related field
RequiredExperience
- 2-4 years Trust, investments, finance or accounting RequiredIn
addition to core traditional benefits, we take pride in offering
benefits for every stage of life.
- Retirement savings including both 401(k) and Pension
plans.
- Paid time off to volunteer in your community.
- Opportunities to connect with others through our
diversity-focused Colleague Resource Groups.
- Competitive salaries with professional development and
advancement opportunities.
- Bonus benefits including well-being programs and incentives,
parental leave, an employee stock purchase plan, military benefits
and much more.
- Personal banking, loan, investment and insurance
benefits.Associated Bank serves more than 120 communities
throughout Wisconsin, Illinois and Minnesota and we consider our
colleagues critical to our continued success. See why our
colleagues continually vote us a best place to work in the Midwest.
Join our community on Facebook, LinkedIn and X.Compliance
StatementAssociated Bank is an equal opportunity employer committed
to creating a diverse workforce. We support a work environment
where colleagues are respected and given the opportunity to perform
to their fullest potential. We consider all qualified applicants
without regard to race, religion, color, sex, national origin, age,
sexual orientation, gender identity, disability or veteran status,
among other factors.Fully complies with all applicable enterprise
policies and procedures. Acts in compliance with all applicable
laws and regulations as outlined in training materials, including
but not limited to Bank Secrecy Act. Responsible for reporting
suspicious activity to Financial Intelligence. Responsible to
report all customer complaints as prescribed and procedure
violations to management or HR.Responsible to report ethical
concerns as needed to Associated Bank's anonymous Ethics
Hotline.Associated Bank provides additional assistance to
individuals with disabilities throughout the application &
interview process. Please contact
leavesandaccommodations@associatedbank.com if you need an
accommodation at any time during the interview process.Associated
Banc-Corp is an Affirmative Action and Equal Opportunity Employer.
Associated Banc-Corp participates in the E-Verify Program. E-Verify
Notice English or Spanish. Know Your Right to Work English or
Spanish.Associated Bank is Pay Transparency compliant.
Keywords: Disability Solutions, Green Bay , Trust Fund Valuation Trading Specialist, Accounting, Auditing , Green Bay, Wisconsin
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