Corporate Trust, Senior Trust Administrator

Job Description

 

The Senior Trust Administrator typically has prior Corporate Trust or related Financial Service experience and would often be responsible for training other less experienced Trust Administrators. The Senior Trust Administrator position requires a responsible individual to process key specialized and often complex functions while ensuring compliance with all Firm and Corporate Trust policies and preferred practices. The Senior Trust Administrator is expected to be the department’s subject matter expert for a variety of processes and/or products and will report to a Team Leader.  Some of the responsibilities include, but are not limited to, cash and trade processing, debt service payments, compliance monitoring and client service and communication. The Senior Trust Administrator should possess the ability to coordinate with all internal shared service partners, business managers, and external parties (as required).  The position requires that the individual demonstrate a strong attention to detail, the ability to quickly identify and escalate problems, possess strong decision-making and organizational skills, and the ability to take initiatives and to communicate effectively with Client Service Managers, Workflow Specialist, Team Leaders, internal shared service partners and with internal and external clients.

 

 

 

 

General Responsibilities:

 

 Daily Administration - processes may be and are not limited to:

 

  

Review daily activity database, research and prepare responses as applicable.

 

 

Be the subject matter expert for one or more processes.


Manage high volume of accounts.


Assigned complex relationship and accounts requiring special handling.


Review internal operating accounts for receipt/transfer of funds and perform daily account and cash reporting.


Monitor receipt and disbursement of funds.


Professional and timely handling of customer inquiries.


Liaison with support areas:  Financial Management, Operations, Securities Clearing, Custody, DTC, Analytics, TMG, Sales, Asset Administration and others.


Update compliance reports.


Perform hypothetical scenarios for the collateral manager before  GCS review.


Daily correspondence with, including but not limited to, the collateral manager, loan agents, swap counterparties, auditors, arrangers, rating agencies and investors.


Assist Client Service Managers with monthly report preparation, new deal closings, effective dates, interest payment dates, and other special events and projects.


File and submit of relevant material for the preparation on the monthly/quarterly reports including trade tickets, invoices, rate resets, factor spreadsheets, waterfall workings, and signed checklist for review.


Daily cash reconciliation.


Authenticate and verify trade instructions.


Prepare, execute and monitor settlement investments.


Execute funds transfer from/to accounts.


Daily cash reconciliation of accounts.


Ensure that all processes are in accordance with the Firm and Corporate Trust policies and preferred practices.

 

    

 

Client Relationship Support:

 

Provide support in maintaining the client relationships.


Maintain a working knowledge, as appropriate, of the accounts and applicable documents.


Ensure that inquiries, both internal and external, are addressed promptly.


Escalate issues and concerns.


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Qualifications

   

 

The Senior Trust Administrator should have a minimum of a year of Corporate Trust experience as well as experience in MS Office applications, such as Word, Excel, etc. Detail-oriented with ability to prioritize and organize workflow. Strong written and oral communication skills. Have a working knowledge of the portfolio of accounts by working closely with the Workflow Specialist or Client Service Manager.  Interface effectively with his/her Workflow Specialist and Team Leader to ensure compliance with both Firm and Corporate Trust policies and preferred practices, and to ensure client satisfaction.          

The Senior Trust Administrator should have strong written and oral communication skills. 

 

The individual should be proficient in the Microsoft suite of applications (Word, Excel, etc.) and will be required to become knowledgeable with applications such as TAS/ASP, IMMS/GSP, ACS, RDARS, OLOVR, Bondholder record keeping systems, DSE, FiRRe, ORION and other product specific applications.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

High school/secondary school or the equivalent combination of education and experience is required.

Bachelors degree preferred.

2-3 years of total work experience preferred. Experience in financial services preferred.


BNY Mellon is an Equal Employment Opportunity Employer.

Primary Location: Ireland-Leinster-Dublin
Job: Corporate Trust
Internal Jobcode: 70109
Organization: Corporate Trust-HR06320
Requisition Number: 1905735