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First Bank & Trust · 1 week ago

Wealth Operations Administrator

Sioux Falls, SD (Main)

Full-time

Onsite

Mid Level

4+ years exp

First Bank & Trust is seeking a Wealth Operations Administrator who will provide essential support for managing operational and internal administrative functions for trust accounts. The role involves processing transactions, maintaining detailed records, handling asset movement, reconciling accounts, and ensuring regulatory compliance.

BankingFinancial Services

Responsibilities

Process a high-volume of trust account transactions, including receipts, disbursements, income allocation, trade settlements, asset transfers, fee postings, and unique assets

Perform daily reconciliation of trust accounts and assets to ensure accuracy and identify discrepancies. Perform monthly reconciliation of department suspense accounts

Maintain accurate records for all trust activities, including reports, statements, and tax information

Assist wealth officers and administrators with requests and client inquiries, including client portal

Identify opportunities for process improvements, implementing controls, and managing operational risk

Crosstrain within the Wealth Operations team to provide coverage and support

Act in accordance with First Bank & Trust policies and procedures as set forth in the employee handbook

Adhere to compliance procedures and participate in required compliance training

Qualification

Financial instruments knowledgeRegulatory complianceWealth management experienceAttention to detailHigh-quality work commitmentOrganizational skillsDecision-making

Required

Associate's degree with a minimum of 4 years of relevant experience, or an equivalent combination of education and experience

Preferred background in banking, wealth management, trust services, law, or brokerage

Solid foundational knowledge of financial instruments and principles, including stocks, bonds, mutual funds, tax concepts, and financial statements

Proven ability to manage multiple priorities in a dynamic environment while consistently meeting deadlines

Strong attention to detail, effective organizational skills, sound decision-making, and a commitment to high-quality work

Company

First Bank & Trust

First Bank & Trust is a banking firm that offers banking, wealth management, and financial services in Massachusetts.

Founded in 1880

Brookings, South Dakota, USA

501-1000 employees

http://bankeasy.com

Funding

Current Stage

Late Stage

Leadership Team

Chris Kreul

Chief Technology Officer

Carrie Wilson

Chief Financial Officer & Chief Operating Officer

Company data provided by crunchbase