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Trust Operations Specialist
Mitsubishi UFJ Financial Group
San Diego, CA, United States
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Description
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world with total assets of over $2.4 trillion (as ranked by SNL Financial, April 2016) and 140,000 colleagues in nearly 50 countries. In the U.S., we’re 13,000 strong, working together to positively impact every customer, organization, and community we serve. We achieve this by delivering on our values, putting people first, fostering long-term relationships built on honesty and mutual understanding, and inspiring the best in each other. This is all part of our inclusive, high-performing culture supported by Total Rewards that include our cash balance pension plan. Join a team that’s working to fulfill its vision to be the world’s most trusted financial group.
Job Summary:
Monitor the CacheMatrix trading system for incoming money market mutual fund trades and take action for execution at the respective funds. Monitor the trust accounting systems (SEI Trust 3000 and SEI Global 3000) to ensure incoming trade files are posted. Send Swift messages for cash movement offshore. Perform daily reconciliation of the two trust accounting systems to respective fund companies. Monitor and ensure daily accrual rates are received and input into our database. Reconcile income processing for the money market funds. Reporting to Trust Operations Supervisor or Manager, the Trust Operations Specialist I is responsible for performing trust operational processing for a specialized unit within Trust Operations. This position can be cross-trained on one to two additional functions and can serve as support for other staff within the unit.
Major Responsibilities:
50% - Perform Specialized Trust Operational work on one or more of our core systems
Protects the interests of the bank and our client by accurately processing specialized work on one or more of our core systems in a timely basis. Work is high volume and large dollar value. Frequently interacts with both internal co-workers and external counter parties to receive and deliver instructions for completing and properly processing work. If instructions are not clear or insufficient as to detail, identifies the problem and proactively resolves such with the instructing party.
30% - Independently research and resolve processing issues
Identifies unit's processing errors or potential processing issues, determines and implements corrective action (reverse and re-post) and communicates the impact of these actions to the appropriate parties involved. Performs system balancing work and monitors own work for accuracy.
20% - Research and Respond to client inquiries
Responds to our client inquiries regarding their work in a timely, clear and appropriate manner. Provides sufficient details to answer questions and identify errors or potential issues. Demonstrates knowledge of and is sensitive to the current regulatory environment; adheres to the Bank's Risk Vision, and risk management policies and programs; recognizes and proactively addresses risk (including but not limited to those associated with Bank Secrecy Act, anti-money laundering, consumer compliance, fair lending, fiduciary responsibilities, and privacy): Identifies and appropriately manages risks.
Qualifications
• 2 to 4 years experience in Mutual Fund Trading and Income Processing.
• 2 to 4 years direct work experience in Microsoft Word, Excel, Access and Outlook.
• Must have strong analytical skills and be capable of multi-tasking.
• Have the ability to work in a deadline driven, high volume environment.
• Must be able to work market hours and have the flexibility to work additional hours when needed.
• Strong verbal and written communication skills and detail oriented.
• Basic understanding of securities processing and trust banking or brokerage industry.
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.
We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.