Fiduciary Operations Manager - The District, Jackson, MS

At BankPlus, we strive to add value for our employees, customers and shareholders. We are a high-performing TEAM committed to fulfilling promises, building lasting relationships, and making dreams come true.

All current employees must have a performance rating of Outstanding or High-Performing to be eligible to post for a position.


General Position Scope:

Responsibilities focus on the accurate, timely, and efficient implementation of trust accounting and maintenance for trust accounts held by the Wealth Management Group. This includes monitoring the daily cash activities, trade settlements and reconciliation of accounts held with various custodians. It also includes overseeing the setup of new accounts, documentation, and compliance requirements. This position works closely with both Wealth Strategies Manager and Administrators in the servicing of accounts. This position carries supervisory responsibilities.

Duties and Responsibilities:

• Manage departmental operations to include daily cash deposits, withdrawals, dividend/cap gain posting, div/cap gain reinvesting, incoming/outgoing wires, corporate actions, and general ledger entries.
• Oversee the setup of new accounts, new contacts, and all related account info
• Monitor new asset setup for accuracy and tax implementation in the trust accounting platform
• Manage statement production, review, email and direct mail statements to Trust Rite clients as scheduled
• Work with brokers and trading specialist when issues arise to ensure trading accuracy of stocks, bonds, treasuries, CD’s and mutual funds with various custodians.
• Oversee monthly reconciliation of departmental checking account, DTC account, mutual fund accounts and other securities accounts held with various custodians.
• Work with accountants to provide tax info and clarification/corrections as needed as well as ensuring tax returns are filed by department and K1’s mailed in a timely manner.
• Maintain safekeeping vault and assets being held as required and document as needed.
• Responsible for knowing tax consequences and tax preparation set up including:
• system codes (new and existing), mapping to tax forms, monitor transaction codes in taxable accounts, review of tax data and account set up for accurate tax information, knowledge on various tax law changes, maintain tax software builds/updates to report correctly, prepare tax forms, review and work with print vendor on mail out of required data/forms by IRS deadlines, and file electronically with IRS / process any needed corrections by deadlines
• Setup, review and process the management/market fees on different platforms including concessions and negotiated
• Work with department managers to maintain vendor invoices, payments to vendors and entries to various general ledger accounts as needed
• Perform system admin functions for Trust Reporter, Promontory/CDARS, Bridgenet, and other platforms
• Ensures that department operations adhere to requirements of various state and federal regulations such as Sarbanes-Oxley Act
• Monitor and make necessary changes in night manager processing and system parameters as needed for updates and new functionality
• Works with other banking departments with regard Wealth Management account reporting, internal/external audits and regulatory examinations.
• Oversee system input and troubleshoot to ensure accurate and efficient data is reflected in the system.
• Responsible for monitoring, testing and updating business continuity plan for the operational task as required.
• Troubleshoot with IT from bank and various vendors when problems arise with various software programs used in operations.
• Oversee interfaces and any other new computer programs/software being used in operations.
• Perform additional duties as requested.
• Maintain a thorough knowledge of Bank products, services, policies, procedures and appropriate regulatory issues as related to daily job functions including but not limited to: Bank Secrecy Act; Privacy Act; Fair Lending Act; Regulation E, etc. Completes required compliance training and adhere to the Bank’s standard of conduct.
• Participate in the Bank’s High-Performance Rewards Connections program.
• Makes referrals to the Mortgage Center and Wealth Management

Position Requirements:

• Bachelor’s Degree required; Master’s Degree preferred
• Minimum five years Trust or Financial Operations experience and supervisory experience
• Proficient working knowledge of Microsoft Office Suite, with strong emphasis in Excel analytics
• Excellent verbal and written communication skills
• Ability to make difficult decisions and handle multiple tasks with daily deadlines


BankPlus is an Equal Opportunity Employer and does not