Trust Operations Specialist (On-site)

Are you interested in a position that will offer you challenge and variety, along with an opportunity to use a high degree of initiative, discretion, knowledge, and judgement?

Devon Bank is an independent community bank serving the Chicagoland area and beyond. Our mission has always been to be the bank that the neighborhood needs—to tailor its service offerings to the particular demands of the community. We are known for going the extra mile for our customers by offering personalized service and customized solutions. We are a full-service bank including home financing, trust and investments as well as a full range of business financing products.

Our Trust Operations area includes a broad variety of functions that provide support to both internal and external customers. These functions include check writing, trade settlement, fee processing, receipts and disbursements, cash movement, transferal of assets, and reconciliation of all department accounts. Other responsibilities include setup and maintenance of client statements, tax reporting, management reporting, managing the trust system functions/and maintenance, monitoring assets, security pricing and adding securities to the master list. Work is varied in nature with changing priorities. This position requires a high degree of initiative, discretion, knowledge, and judgment, while working in compliance with established policies, procedures, and regulations.

Responsibilities

• Opening and closing of client accounts; data input and client account updates
• Post receipts, transfers and disbursements as directed by the Administrative Team
• Reconcile security positions at custodians and mutual fund agents
• Accurately complete daily and monthly cash reconciliations, while identifying any resulting exceptions for research and resolution
• Balance the GlobalWealth ES accounting system daily
• Prepare Probate Court Inventories and annual Accountings