Company:

City National Bank Location:

Newark, DE Career Level:

Entry Level Industries:

Banking, Insurance, Financial Services Description

TRUST OFFICER II CUSTODY WHAT IS THE OPPORTUNITY?

This position is responsible for the administration of custody, business escrow, agency and Individual Retirement Accounts (IRA's) where CNB is acting as Trustee. Achieves compliance with Bank policies and procedures as well as regulatory requirements. Interfaces with colleagues, clients and outside investment management firms regarding accounts..

WHAT WILL YOU DO?

Administer Custody, Business Escrow, agency and Individual Retirement Accounts (IRA's) where CNB is acting as Trustee for account opening, periodic account administrative reviews, cash transfers, wire transfers, asset transfers, asset valuations and the reviews. Administer a book of Account relationships. Work with assigned clients and/or their relationships contact to administer the investment accounts to ensure adherence to Bank policies and procedures, regulatory compliance, overall profitability, and retention of the accounts assigned. Effectively manage and prioritize requests to ensure a high quality service experience is provided to clients. Assist with regulatory examinations, independent audits, internal audit compliance reviews and work with the Retirement Services Manager to implement action plans to correct deficiencies and update policies and procedures where needed. Maintains a proactive commitment to established Bank programs.

WHAT DO YOU NEED TO SUCCEED?

Required Qualifications• Bachelor's Degree or equivalent Five years of experience in the administration and custodial accounts. Five years of experience in a client facing role in a financial institution. Five years of experience in working with ERISA Qualified Plans under the Employee Retirement Income Security Act (ERISA). Additional Qualifications Five to seven years of experience in the administration of defined contribution, defined benefit and other employee benefit trust, agency and custodial accounts. Five years of experience in a client facing role in banking or financial services environment. Bachelor's degree in Business, Finance or related area preferred Excellent organizational and problem solving skills. Experience with SEI's Trust 3000 Trust Accounting system Proficient with Microsoft Office Suite (Word, Excel, PowerPoint, Outlook) Excellent verbal and written communications skills sufficient to interact with all levels of Bank personnel and clients. Demonstrated in-depth knowledge of the fiduciary and prohibited transaction provisions associated with the Employee Retirement Income Security Act (ERISA).

WHAT'S IN IT FOR YOU?

Compensation Starting base salary: $71,869 - $114,797 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions. Benefits and Perks At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including: Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date Generous 401(k) company matching contribution Career Development through Tuition Reimbursement and other internal upskilling and training resources Valued Time Away benefits including vacation, sick and volunteer time Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs Career Mobility support from a dedicated recruitment team Colleague Resource Groups to support networking and community engagement Get a more detailed look at our Benefits and Perks .

ABOUT US

Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us .

INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT

City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law. It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability. •Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled. 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