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Banking Services Analyst I - Trust Operations

Company: M&T Bank
Location: Buffalo
Posted on: November 26, 2022

Job Description:

Asset Services: The Asset Services unit within Trust & Investment Services is responsible for providing operational support to the Wealth and Institutional Services Division (WISD) of M&T Bank/Wilmington Trust. The team provides support by fulfilling a highly specialized set of duties for the division. Asset Services is responsible for setting up and maintaining security specific data related to client investments on the trust accounting system. This includes establishing the asset with proper descriptive data and coding, as well as market pricing data. Responsibilities of the position include preparing and analyzing various daily reports, including tolerance and ratings reports. The team investigates inquiries and submits update requests to the outside system provider. This team utilizes a variety of sources to obtain and verify market data contained within the accounting system. The position is also responsible for monitoring a shared mailbox to ensure all inquiries are answered in a timely and accurate manner and that all asset setup requests are processed in accordance with service level agreements. This position also conducts a verification review to ensure the work processed by the service provider and other members of the organization are accurate. The team frequently communicates with other areas within the division and with the outside service provider. This position requires a strong knowledge and understanding of the various securities types.Overview:Provides analytical, operational and/or project support to one or more functional areas of Trust Operations.

Primary Responsibilities:

  • Develop and produce routine departmental reports and spreadsheets, including project or product strategy analyses, historical reporting, work flow analyses and financial analyses for one of more functional areas of Trust Operations.
  • Complete routine analysis and judgment-based work over a single or closely related disciplines to support Trust Operations decisions.
  • Conduct routine data review, research and/or reconciliation for assigned areas of Trust Operations.
  • Draft and/or edit procedures specific to one or more functional areas of Trust Operations to maintain their currency.
  • Support user certifications and obtain documentation necessary for departmental audits.
  • Participate in planning, testing and implementing new projects, systems, products and regulatory changes impacting assigned Trust Operations team(s).
  • Assist with technical troubleshooting and escalations, coordinating with internal business partners, external vendors and Technology to address issues for assigned Trust Operations team(s).
  • Understand and adhere to the Company's risk and regulatory standards, policies and controls in accordance with the Company's Risk Appetite. Identify risk-related issues needing escalation to management.
  • Promote an environment that supports diversity and reflects the M&T Bank brand.
  • Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
  • Complete other related duties as assigned

    Education and Experience Required:Associate's degree and a minimum of 2 years' related experience,OR in lieu of a degree,A combined minimum of 4 years' higher education and/or work experience, including a minimum of 2 years' related experience
    Proven analytical skillsStrong organizational skillsProficiency with personal computers as well as pertinent word processing and spreadsheet softwareProven verbal and written communication skills

    Education and Experience Preferred:Bachelor's degreePrior experience in functional areas supportedLocationAmherst, New York, United States of America

Keywords: M&T Bank, Buffalo , Banking Services Analyst I - Trust Operations, Professions , Buffalo, New York

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