Trust Transaction Clerk II - Free Securities Movement

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POST DATE 8/24/2016
END DATE 12/3/2016

M & T Bank Buffalo, NY

Company
M & T Bank
Job Classification
Full Time
Company Ref #
3D91S
AJE Ref #
575968128
Location
Buffalo, NY
Experience
Mid-Career (2 - 15 years)
Job Type
Regular
Education
Associates Degree

JOB DESCRIPTION

APPLY
BASIC FUNCTION:

Responsible for processing highly specialized securities transactions and for the more complex securities functions for the Division.



POSITION RESPONSIBILITIES:

May perform any or all of the following responsibilities:

o Responsible for processing specialized internal transfers for the collateral team. Processing the SEI portion of Wilmington Trust vault activity. Tracking and performing regulatory review of all incoming and outgoing mail to the Buffalo Vault. Assisting with vault custodian duties. Backing up processing for Held at Issuer and tax lot adjustments. Processing DRS requests, DTC Withdrawal requests, DTC deposits and maturity processing. Responding to questions from the administrative team on required legal documents. Ensuring the legal documents meet the regulatory requirement prior to processing. Working closely with Income Collections on processing savings bonds and State of Israel Bonds. Processing standards and assisting with self-audits. Participating in the annual vault audit.

o Understand and adhere to the Companys risk and regulatory standards, policies and controls in accordance with the Companys Risk Appetite. Identify risk-related issues needing escalation to management.

o Promote an environment that supports diversity and reflects the M&T Bank brand.

o 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.

This position requires extensive contact with various companies/personnel such as depositories, administrators, transfer agents and brokers.

The incumbent works under general supervision.



BASIC QUALIFICATIONS REQUIRED:

Associates 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



IDEAL QUALIFICATIONS PREFERRED:

Bachelors 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 WWW.MTB.COM/CAREERS!









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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.