Senior Corporate Trust Administrator

Company: ICONMA
Location: Jersey City
Posted on: January 27, 2023

Job Description:

The Senior Corporate Trust Administrator oversees and administers a portfolio of deals covering corporate bonds, escrows, money market, structured, insurance trusts, and/or project finance transactions. The Senior Corporate Trust Administrator is responsible for the delivery of services to the client by meeting our contractual obligations. The Analyst is responsible for activities including, but not limited to preparing and approving deal set up, covenant monitoring, cash and investment processing, amendments and corporate action events.

Primary Responsibilities/Essential Functions:

Review documents and ensure deal is set up correctly on internal system.

Execute delivery of cash and investment transactions, corporate action events, covenant monitoring, annual account reviews fee billing and others

Minimize risk by reviewing and approving transactions in compliance with operating procedures and policies.

Maximize client retention by delivering top tier client services that meets client expectations

Drive profitability by streamlining and increasing process efficiencies and standardization.

Train junior analysts on document review, systems, and processes.

Correspond and timely address inquiries from internal and external stakeholders

Review and drive break resolution identified in reconciliations, either for daily or month-end reporting purposes

Manage shared team functions and team email boxes.

Review/rewrite procedures and ensure they align with regulatory requirements and internal policies.

Review and drive break resolution identified in reconciliations, either for daily or month-end reporting purposes

Support continuous monitoring of controls

Perform other job-related duties as assigned

Decision-Making Responsibility:

Interpret terms understanding prospectus, terms in agreements and related documentation

Review existing processes and identify changes required to meet regulatory requirements

Determine and drive solutions for gaps identified in performed functions, if any

Ability to escalate and communicate to both internal and external stakeholders

Assess and assist with streamlining and cost saves of our processes

Agile in identifying control and risk related issues.

Management of Risk (Operational Risk / FIM requirements):

-Each employee must be aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations.

-Each employee must ensure compliance, operational risk controls in accordance with Client or regulatory standards and policies; and optimize relations with regulators by addressing any issues.

-Each employee must promote an environment that supports diversity and reflects the Client brand.

-Maintain awareness of operational risk and minimize the likelihood of it occurring including its identification, assessment, mitigation and control, loss identification and reporting in accordance with section B.1.2 of the Client Group Operations Functional Instruction Manual (FIM).

Observation of Internal Controls (Compliance Policy / FIM requirements):

-Each employee must maintain Client internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.

-Each employee must understand, follow and demonstrate compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.

-Understands, follows and demonstrates compliance with all relevant internal and external rules regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and Compliance policy.

Keywords: ICONMA, Jersey City , Senior Corporate Trust Administrator, Accounting, Auditing , Jersey City, New Jersey