Compliance Specialist II - Corporate Trust

UMB Bank   •  

Kansas City, MO

Industry: Accounting, Finance & Insurance


5 - 7 years

Posted 110 days ago

This job is no longer available.

What You'll Do

The Corporate Trust department within Institutional Banking has a variety of compliance functions which require a working knowledge of Corporate Trust documents, clients and procedures. The Compliance Specialist performs initial account reviews and other compliance functions and/or administrative processes which require a centralized control and/or review element.
- Perform initial reviews of paying agent, trustee and escrow accounts to test compliance with document provisions and departmental procedures.
- Prepares summaries of review findings for reporting to the Corporate Trust Management Committee. Prepare reports monthly for CT Management & CT Administration staff.
- Test compliance with specific procedures and report testing results to Compliance Officer and/or Department Manager.
- Makes recommendations to management on changes to administrative or new business policies and procedures.
- Assist with the training and implementation of new or revised procedures.
- Maintain knowledge of bank and trust operations functions as they relate to corporate trust.
- Maintain knowledge of other divisions and departmental functions in the bank.
- Participates as needed in the bank's internal and external audits.
- Completes complex objectives and special projects in a timely manner.
- Conducts periodic audits of existing accounts, reviewing compliance with document provisions and department procedures.
- Other duties as assigned.

Additional Information

Note: This position can be filled in any one of the existing Corporate Trust locations: Kansas City, St. Louis, Denver, Minneapolis, Oklahoma City, Phoenix, Dallas, Houston, Austin or Salt Lake City

Who You Are

- Bachelors degree or equivalent work experience, plus
- 5+ years work experience in Corporate Trust or related area

Preferred Requirements

- Previous Compliance or auditexperience
- Industry Certification

In this Role, You will Need

- Basic bond issuance documents (i.e. Municipal Ordinances, Resolutions and Orders) and related debt-financing methods working knowledge
- Strong attention to detail & analytical skills
- Strong organization skills
- Research and reconciliation experience and skills
- Background in securities processing, government, audit/compliance or law helpful.
- Good written and oral communication skills.
- Proficient computer skills in MS Office Suite
- Ability to manage priorities, multi-task, and work in a deadline driven and changing environment