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Trust Transction Clerk II - Free Securities Movement - 3DGND in Williamsville, NY at M&T Bank

Date Posted: 2/19/2018

Job Snapshot

Job Description

BASIC FUNCTION: The Free Movement team 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 processing highly specialized transactions that may be specific to the position.   POSITION RESPONSIBILITIES:
•         This position is responsible for processing free receipts, free deliveries and internal transfers for specialized clients.
•         This includes but is not limited to pending transactions for equities, fixed income, asset backed securities, and mortgage backed securities, physical securities, corporate and municipal bonds. Depending on the asset class there are varied settlement times.
•         The position requires processing of complex transactions including partial transfers.  Analysis is required to determine the most efficient process since there are several methods and methods to process.
•         This position is responsible for entering transactions for DWAC (Depository Withdrawal at Custodian) and settlement activities in DTC and FED.  Review and follow up on any exceptions on the DTC Reports.  Responsible for following up and resolving any exceptions on daily depository reports. Obtain instructions from the front and middle office when assets are received without instructions to ensure timely settlement.
•         This position is responsible for daily tasks to trust operation functions by providing operational support to the WISD division of M&T Bank/Wilmington Trust and its clients.  Operational functions include but are not limited to:  posting, maintaining and processing and security related transactions.  Responsible for the processing of account balancing as well as other various daily, monthly, quarterly, semi-annual and annual tasks.  
•         Comply with all MTB policies, in addition to compliance with Wilmington Trust Security Industry & Trust Fiduciary regulations.                                     BASIC QUALIFICATIONS REQUIRED:
•         Associate’s degree, OR in lieu of a degree, a minimum of two years combined higher education and/or work experience
•         Personal computer skills including pertinent spreadsheet and word processing software
•         Strong organizational skills and time management required for the position
•         Must be able to work under tight time constraints and strong excel experience   IDEAL QUALIFICATIONS PREFERRED:
•         Bachelor’s degree in Accounting or Finance
•         Banking experience
•         SEI Trust Accounting System experience.
•         Trust operations experience.   About M&T At M&T, we strive to be the best place our employees ever work, the best bank our customers ever do business with and the best investment our shareholders ever make. So when looking to advance your career, look to M&T. As a top 20 US bank holding company and one of the best performing regional banks in the country, we offer a wide range of performance based career development opportunities for talented professionals. And through our longstanding tradition of careful, conservative and consistent management and a strong commitment to the communities we serve, we continue to grow with a focus on the future.   Apply today at!   'Relevant Military Experience is Desired'  
M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer.
M&T Bank Corporation does not sponsor individuals for the purpose of obtaining H-1 Visas.
M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.