What are the responsibilities and job description for the Trust Fiduciary Analyst, Sr position at Comerica Bank?
The Trust Fiduciary Analyst Sr. is responsible for partnering with Comerica's Alliance and Estate Settlement Trust Advisors to open trust accounts. This role is also responsible for updating the trust accounting platform, completing account funding requirements, and tracking the movement of assets until the account is funded. The Trust Fiduciary Analyst Sr. will also maintain libraries that catalogue Partner paperwork and the financial institutions from whom we can receive assets. Comerica partners with Brokerage houses who together will provide trust and investment services to clients.
Position Responsibilities:
- Review documentation and ensure adequate and properly executed documents are received to open and fund accounts at Comerica.
- Review and provide documentation to establish with Comerica's Alliance partners.
- Identify and/or confirm account powerholders, defined as entities who can fund and account or direct the distributions or investments of an account.
- Verify paperwork to establish online accounts.
- Update the trust accounting platform with all necessary information after ensuring that all needed partner paperwork is completed accurately.
- Communicates with internal clients (including Trust Specialists, Trust Advisors, Trust Client Assistants, Investment Strategists, Tax Officers, Wealth Management Risk, and upper management) regarding account opening or closing issues/questions.
- Training new colleagues on onboarding/funding processes.
- Bachelor's degree from an accredited university AND 2 years of experience in financial service/retail experience OR High School Diploma (or the Equivalent) AND 5 years of experience in financial service/retail experience
- 3 years of experience utilizing Microsoft Word and Excel
- 1 year of experience utilizing Microsoft Access
About Comerica
We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.
Upon offer, Comerica conducts a comprehensive background and fingerprint check.
NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.
