Safekeeping Specialist

Apply Safekeeping Specialist Davenport, IA •

Correspondent Banking Apply Job Type Full-time Description TITLE:

Safekeeping Specialist

DEPARTMENT

940 - Correspondent Banking

JOB SUMMARY

The Safekeeping Specialist is responsible for administering the daily safekeeping activity of the correspondent banking department. This position will manage the asset portfolios of all correspondent banks and support the correspondent banking team, ensuring the highest level of client service.

ESSENTIAL FUNCTIONS

Perform daily safekeeping functions for correspondent clients including general ledger balancing, processing daily entries, safekeeping transactions, settlement, updating pledged security positions, problem research and resolution. Verifying new safekeeping relationships are established in the various safekeeping applications. Work directly with the correspondent bank customers and third-party safekeeping vendor, ensuring security transfers are completed in an accurate and timely manner. Assist all current and new safekeeping customers with inquiries. Research safekeeping discrepancies for downstream correspondent banks. Meet all critical deadlines as dictated by upstream correspondent banks, system-related cut-offs, downstream correspondent bank expectations, etc., paying close attention to details and accuracy on all transactions. Assist with preparation of various reports and audit requests, as well as researching trends to ensure accuracy of documentation. Collaborate on the development and maintenance of policies and procedures within the correspondent banking department, focusing on continuous process improvements and automating daily procedures. Maintain a working knowledge of the financial industry, product offerings and current issues that impact our correspondent banks and the services they require. Maintain a professional relationship with all bank clients. Collaborate with a variety of individuals and teams in a constructive and professional manner. Comply with all company or regulatory policies, procedures and requirements that are applicable to this position. Foster and preserve a culture of inclusion. Additional duties and responsibilities may be required to support the company's mission, vision and values.

QUALIFICATIONS

High school diploma or equivalent. Two years of experience in banking operations or related area required. Excellent verbal, written and interpersonal communication skills. Advanced computer knowledge with emphasis on Microsoft Excel and Word. Self-motivated with the ability to work independently. High level of accuracy and attention to detail.

WORKING CONDITIONS

Duties are performed in a professional office environment. At Quad City Bank & Trust. we are committed to fostering and preserving a culture of inclusion and strongly believe that it's our differences - of all kinds - that make our company and our communities better and stronger. Quad City Bank & Trust is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, or other protected class status. It is the policy of Quad City Bank & Trust. to comply with the Americans with Disabilities Act by providing reasonable accommodations to enable qualified individuals with disabilities to access the job application and interview process, to perform the essential functions of the job, and to receive equal access to other benefits and privileges of employment. Apply Quad City Bank & Trust Jobs View All Jobs