Fiduciary Controls Associate Job at CIBC U.S. – Boston, MA, US

Apply for the ongoing Fiduciary Controls Associate Job at CIBC U.S. – Boston, MA, US. See job description, requirements and link to apply..

We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.

At CIBC, we embrace your strengths and your ambitions so you feel empowered at work. Our team members have what they need to make a meaningful impact and feel truly valued for who they are and what they contribute.

To learn more about CIBC, please visit CIBC.com

Job Description

JOB PURPOSE

This position is in fiduciary administration and oversight and will be responsible for working with the Director of Tax to oversee and centralize the administration of the firm’s external custody trust disbursements, fiduciary reconciliations, processing of IRA RMD (Required Minimum Distribution) notices, and other risk related controls and processes. This position is also responsible for supporting the Fiduciary Services Department in identifying, monitoring and controlling the firm’s operational risk for trust administration and related fiduciary activities. In particular, individuals will be concerned with centralizing certain fiduciary processes to limit risk exposures resulting from human error and non-compliance, etc.

KEY ACCOUNTABILITIES

• Support the Fiduciary Center of Excellence by collaborating effectively with relationship managers and client service teams to provide timely and quality centralized review and coding of external custody disbursements and processing of IRA RMD notices.
• Encourage and monitor compliance with fiduciary policies and procedures by performing reconciliations and maintaining other risk related controls.
• Support the Fiduciary Center of Excellence as it builds out additional centralized processes and risk related controls.
• Report issues and findings to Director of Tax.
• Work with Compliance, Governance and Controls, Risk Management and Internal Audit to improve controls and mitigate risks to the fiduciary business.

KNOWLEDGE AND SKILLS

• Bachelor’s degree required, finance or related field preferred
• 5+ years’ experience in investment management, client management, compliance, audit or trust and account administration
• An expanded knowledge of fiduciary and trust account administration, including the ability to read and interpret a trust document and general understanding of principal and income accounting concepts.
• Proficient with Microsoft Office and experience with multiple trust and investment management software applications
• Strong team orientation, client service orientation, verbal and written communication skills, analytical and problem solving skills
• Ability to work under deadlines and other time sensitive situations
• Excellent judgment and ability to work independently
• Strong understanding of the processes and controls of various business areas and assessing the risks associated with these various processes
• CTFA certification, a plus.

What You Need To Know

• CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation during the application or interview process, please contact [email protected]
• You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit

Job Location
MA-100 Federal Street, 37th Fl
Employment Type
Regular
Weekly Hours
40