Description Comply with Bankwide and Divisional Policies and Procedures, which shall include product specific processes, local guideline and transactional documents. Familiarity with the products offered by the Unit, Division and Bank. Understanding the Unit's and Division's Business Recovery Plan. Business Knowledge of the financial markets and the securities industry, as applicable to Business Unit activity. Awareness of critical and regulatory issues that impact the industry and the business line. Thoroughly review, negotiate and render comments on new transaction documents. Identify necessary provisions missing or lacking in the agreements and coordinate with counsel language so that the agreements meet the Bank's standards. Be aware of and continually review provisions of governing documents, elevate to Guarded/Default Status as necessary. Work with Control Officer to ensure quality/satisfactory account audits and examinations while adhering to Bank and Divisional policies. Work with Trust Associate to monitor tickler compliance and non compliance reports, follow up with clients verbally and in writing, input action steps into ACS (Account Control System) and other systems as appropriate. Participate in Reg 9 compliance reviews as required. Effectively schedule and delegate tasks to Trust Associate to ensure maximum efficiency; provide guidance and direction to assigned Trust Associate. Prioritize and organize own work and that of assigned Trust Associate to ensure those critical tasks are complete, results are timely and performance standards are consistently followed. Minimize exceptions relating to duties: audit, compliance, client complaints, overdrafts, failed trades, uninvested balances, etc. Effectively listen to and communicate with others at all levels within the bank to solve problems or gain acceptance of ideas, decisions or plans. Proactively build and maintain cooperative working relationship with others (employees, clients, investment bankers, attorneys, accountants, and other industry professionals.). Recognize problems and resolve them within a minimal time period; when necessary involve Team Leader and/or Group Manager. Manage Account Relationship
Understand transaction structures and assigned portfolio of accounts. Ensure account set ups are completed within prescribed time frame including KYCs and requesting CIDs. Perform and/or oversee all account administration activities. Manage and oversee client inquiries; resolve situations independently and smoothly as they occur, apprise management of complications. Utilize Bank resources effectively and coordinate with other involved parties/areas of the Bank to ensure client satisfaction and administrative efficiencies. Monitor and minimize outstanding fee receivables for portfolio of accounts. Review input data into FiRRe and approve data to facilitate timely and accurate billing. Oversee all support functions to ensure accuracy, timeliness and compliance. Oversight Daily Administration
Oversee and handle day to day work including daily review of databases (OLOVR, Uninvested. Cash, RDARS preparing responses as applicable within prescribed and agreed upon time frames. Review internal operating accounts for receipt of funds, transfer of funds, etc to ensure accuracy of daily reconciliations. Monitor receipt and disbursement of funds via fed wire, ACH, CHIPs, checks, OPS etc. Liaison with support areas: Financial Management, Operations, Securities Clearing, Custody, Utica, and DTC etc. Follow-up with Operations in relation to the processing of physical transfers to ensure that requirements are met for timely processing, accurate update of Certmaster/Bondmaster system and delivery of new security. New Business Development
General knowledge of the Bank's products and the ability to introduce and expose clients to other products or services the Bank offers. Assist in the bid preparation (RFP) process and analysis of all retentive bids in connection with existing clients. Make a positive contribution to the Retentive Marketing Process by being able to recognize opportunities. Expand book of business to meet or exceed annual new business and retentive sales goals. Call on clients and industry professionals, in accordance with annual goals, to enhance and expand existing and new business relationships. Attend industry-related training. Interact with sales officers regarding new business opportunities. Develop strong working relationship with clients, law firms, financial advisors, investment bankers, etc.
BA/BS required. 1 to 3 years work experience. Strong written and verbal communication skills. Attention to detail. Knowledge of Excel.
Primary Location : United States-USA-Texas-Houston
Requisition Number: 1202224
BNY Mellon - 2 years ago
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