Career Search

Wealth Client Administrator II - 3DJMQ in Wilmington, DE at M&T Bank

Date Posted: 9/12/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    9/12/2018
  • Job ID:
    3DJMQ

Job Description

Wealth Client Administrator

Wealth Advisory Services

Wilmington Trust

Wilmington, DE

 

BASIC FUNCTION:
Responsible for the complete administration of wealth relationships involving trusts, investment management and IRA accounts to include recommendations based upon analysis performed. Represents the bank to clients and external service providers. Daily contact with wealth clients to answer general inquiries, or facilitate client requests. Process all transactions which may include collection of critical documents, processing of cash disbursements, trades, account balances, establishing new accounts, facilitating client requests for discretionary distributions, trust terminations, etc., to ensure proper administrative management.
POSITION RESPONSIBILITIES:

Support a book of accounts, ensuring complete and accurate documentation is maintained. Actively supporting the revenue-generating activities pursued by fiduciary advisors.
Foster client relationships, frequently serving as the point of contact for client questions either directly from the client and/or client representatives.

Working collaboratively with the fiduciary/investment advisor to resolve issues, escalate as may be appropriate and to make referrals to the correct resource.

Develops and maintains a high level of knowledge of trusts, planning, and taxes and begins to develop a broader knowledge of investment, credit, and insurance disciplines. Provides/maintains appropriate levels of controls to minimize possible losses.

Demonstrate an in-depth knowledge of corporate policies and procedures related to the administrative role. As appropriate to the business supported, develop and maintain a high level of knowledge of the trust and agency discipline and service/product alternatives for the client. Stays current and is able to articulate current industry standards.
Draft materials for client meetings and prepare board packets.
Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
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.
NATURE AND SCOPE:
Direct contact with clients, internal resources and external (i.e. clients/customers, investment professionals, attorneys, etc.) professionals/businesses in support of the client relationship. Support the efforts of a variety of professionals to include any/all of Fiduciary Advisors, Investment Advisors, Relationship Managers, unit managers and supervisors, to name a few. Work within a team environment that requires not only individual focus but actions that support the group as a whole.
Ability to work on multiple tasks under moderate supervision in a fast paced environment.
MINIMUM QUALIFICATIONS REQUIRED:
Bachelor’s degree OR in lieu of a degree, a combined minimum of 4 years higher education and/or work experience.
IDEAL QUALIFICATIONS PREFERRED:
Degree focus on Finance/Accounting/Economics preferred.
Strong focus on customer service and satisfaction; direct client contact.
Knowledge of ERISA and tax laws (for personal trust focus).
Strong skills in office applications (Microsoft Office) and able to rapidly learn new software applications
Excellent written and oral communications skills.
Ability to work in a team environment.
Strong interpersonal skills with an ability to build a significant level of trust with clients; empathy and a real interest in working with people. Self-confident and a proven ability to work well with highly capable and successful individuals.
Trust planning experience and if in an investment oriented business, basic investment knowledge.
CCTS - Certified Corporate Trust Specialist certification.(for corporate trust focus)
Strong analytical ability.
Demonstrated ability to develop strong working relationships with administrative support areas appropriate to the business unit. Examples include Operations and Legal groups.
Essential to contribute to positive working relationships, maintaining integrity and professionalism.
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.

 

 


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.