Operations Specialist II (WM)
Company: Midland States Bank
Location: Rockford
Posted on: October 2, 2024
Job Description:
Operations Specialist II (Wealth Management)Salary Range:
$50,200 - $62,700 annuallyAt Midland States Bank, base salary is
one component of our Total Rewards program. Exact compensation is
determined by factors such as (but not limited to) education,
skills, internal equity, and experience. This position offers
additional compensation in the form of short-term incentives (i.e.
bonus and/or commission) and may include long-term incentives (i.e.
stock awards). Benefits for this role include comprehensive
healthcare, well-being benefits, paid family leave as well as
generous paid time off. Total Rewards also include banking perks,
an Employee Stock Purchase Plan, 401K plan with company match and
may include the opportunity to participate in our Non-Qualified
Deferred Compensation plan. Incentives and benefits are subject to
eligibility requirements. Position Summary The Operations
Specialist II - WM is responsible for providing service and support
to the bank's wealth management division. Responsibilities of the
position include timely and accurate processing and accounting of
client transactions. The Operations Specialist II - WM will have
strong working knowledge of WM Operations Core Team critical
functions and act as a liaison between WM Operations and Wealth
Management division. Primary Accountabilities
- Performs complex account and security maintenance and
transaction requests related to core/critical team functions.
- Has strong working knowledge of Trust Accounting system and
data flow.
- Review and interpret complex documents pertaining to client's
information and general knowledge and understanding of various
fiduciary account types currently under administration.
- Knowledge and understanding of different security types as well
as how they trade, settle and are treated for tax and performance
reporting.
- Validates and audits distribution and transfer requests for
adherence to policy and procedure for self and specific WM
Operations core team.
- Process and settle trades, dividends, interest, maturities,
capital changes, and misc. income which requires understanding of
various tax treatments for different types of transactions, account
types, and methods in which positions are held. This may require
reviewing and interpreting private security memorandums in some
cases.
- Process distributions and transfers from trust accounts.
- The role requires occasional travel for training and team
meetings, and willingness to travel periodically, to locations
within market as needed.
- May require work in a Midland office to ensure collaboration
and support of internal and external customers.
- Maintain compliance with all applicable regulations including,
but not limited to, the Bank Secrecy Act (BSA).
- Other duties as assigned.
Position Qualifications Education/Experience:
- Associates degree in business or finance and 3+ years of prior
experience in financial services or accounting. Bachelor's degree
preferred.
- Ability to provide quality customer service to internal and
external customers.
- Excellent communications skills, both oral and written.
- Attention to detail.
- Ability to work independently and meet deadlines.
- Ability to present a professional business image to customers,
including verbal, written, and personal attire.
- Ability to be a team player. Competencies:
- Business insight
- Cultivates innovation
- Drives results
- Makes sound decisions
- Being a brand champion
- Collaborates
- Communicates effectively
- Customer focus
- Being Authentic
- Emotional Intelligence
- Self development
- Being flexible and adaptable At Midland States Bank, we believe
that when we can bring our whole selves to work each day, we become
happier, more comfortable, more confident and more excited to do
great things for our customers, each other and our company. We're
proud to be an Equal Opportunity and Affirmative Action employer.
At Midland, we recruit, employ, train, compensate and promote
without regard to race, color, religion, gender, gender identity or
expression, sexual orientation, national origin, genetics,
disability, age, or veteran status. If you are looking for a place
to grow, we encourage you to apply at Midland States Bank, because
you belong here.
If you require reasonable accommodation in completing this
application, interviewing, completing any pre-employment testing,
or otherwise participating in the employee selection process,
please direct your inquiries to Midland States Bank Human Resources
at HR@midlandsb.com. THIS JOB DESCRIPTION DOES NOT CONSTITUTE A
CONTRACT FOR EMPLOYMENT
Compensation details: 50200-62700 Yearly Salary
PI8c3ab7367d9c-37248-35341723
Keywords: Midland States Bank, Oak Lawn , Operations Specialist II (WM), Accounting, Auditing , Rockford, Illinois
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