Trust Associate II

Location:

The Trust Associate (TA) is accountable for assisting an Institutional Advisor (IA)/Relationship Manager (RM) and other IA/RM as needed within the Institutional Advisors team. The TA will administer an IA book of institutional relationships with emphasis on client service and daily administrative duties. The TA must develop and maintain in-depth knowledge of IA products and services and keep clients informed of new products and related improvements while supporting IA/RMs in retaining clients and identifying areas to improve existing relationships and processes.

The focus of administrative activities relates to client satisfaction/consulting and oversight responsibilities associated with all legal ERISA reporting aspects and client issues/resolution involving the following: trust/custody benefit disbursements investment management and commercial bank account services/activities as well as maintaining the integrity of associated compliance aspects. May independently work with client contacts to identify and describe problems. Is expected to contact involved operations parties to find resolution and convey to client for closure. Establishes rapport and effectively coordinates all service issues across product lines to deliver quality service to external and internal clients.

The focus of administrative activities relates to client satisfaction/consulting and oversight responsibilities associated with all legal ERISA reporting aspects and client issues/resolution involving the following: trust/custody benefit disbursements investment management and commercial bank account services/activities as well as maintaining the integrity of associated compliance aspects. May independently work with client contacts to identify and describe problems. Is expected to contact involved operations parties to find resolution and convey to client for closure. Establishes rapport and effectively coordinates all service issues across product lines to deliver quality service to external and internal clients.

ESSENTIAL JOB FUNCTIONS

• Work in partnership with an Institutional Advisor/Relationship Manager to service and monitor an assigned group of accounts to ensure timely and accurate processing of client directed trades and transactions and the required financial reporting.
• Demonstrate knowledge relating to the institutional trust/custody client needs and IA product offerings and operational effectiveness and efficiency (ex. Account Onboarding asset collection alternative assets pension payment system client & file system maintenance etc.)
• Processes on daily basis various cash processing transactions including wire transfers preparation of checks transfer of cash deposit of funds forwards client trading requests.
• Reviews and manages daily cash reports. Prepare various reports correspondence technical documents and special projects as requested.
• Develop relationships with clients and their service providers such as consultants third-party plan administrators accountants auditors outside RIAs etc.
• Read and understand standard institutional client trust/custody agreements and documents for administrative and fiduciary purposes.
• Mitigate risk by servicing assigned institutional client relationships in compliance with KeyBank policies and procedures as well as with regulatory and legal requirements.
• Leads by example and demonstrates client focus and teamwork towards both clients and KeyBank employees.
• Assist clients with required reporting to various government agencies (i.e. DOL PBGC IRS etc.).
• Identify improvement opportunities with internal support units investment management or other KeyBank business units and proactively advise IA clients on effective operational or investment processes and solutions.
• Provide back up to other CAs or assigned RM(s).

REQUIRED QUALIFICATIONS

• Undergraduate degree in business-related field or equivalent work experience.
• A minimum of 2 years industry experience working with corporate non-profit public fund and/or Taft Hartley clients in administrative capacity or other client service roles.
• Demonstrated strong client service skills.
• Securities processing and bank operations knowledge.
• Excellent analytical communication (oral and written) interpersonal and problem resolution skills.
• Strong PC skills especially Excel Word Power Kofax PDF and PowerPoint.

PREFERRED QUALIFICATIONS

• Competence with trust/custody pension alternative assets commercial banking operating fund and charitable plan client needs.
• Client consultation/advocate background.
• Securities processing and bank operations knowledge.
• Public speaking experience.

COMPETENCIES/SKILLS

• Personal effectiveness
• Communication
• Adaptability / Flexibility/Detail oriented
• Independent problem solving
• Decision making/Prioritizing
• Customer service orientation

REPORTING RELATIONSHIP

• This position reports to Team Lead Manager Client Administrator
• Mobile Office 3 days and work from home 2 days

COMPENSATION AND BENEFITS

Please click here for a list of benefits for which this position is eligible.

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