Job Description
A large institutional banking client is looking for them to join their Registered Investment Advisory Custody group within Advisory Services. This group is a new and rapidly growing group that provides a platform for Registered Investment advisors. This person will be specifically overseeing the Escheatment process. They will be responsible for investigating various claims and resolving those claims per state and federal guidelines. The ideal candidate will have a strong understanding of the Escheatment processes (Unclaimed Funds, Abandoned Property) and be able to conduct in depth research on various state guidelines.
Responsibilities:
Initially this person will be processing investigations daily. For each case, this person will look into the amount of time that has passed without client contact. From there, they will research the state guidelines as to how to properly contact and locate the client. If the attempted client contact meets state requirements, they will be taking action to resolve the outstanding client account. This process will require data investigation, document review, client outreach and collecting the appropriate justification. They will be closing out each case by transferring the funds through the appropriate systems to the state. Over time, the position will become more proactive and process driven. This candidate will have an opportunity to get involved in creating processes and procedures for the group to help them scale and automate these current investigations.
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Required Skills & Experience
• 2+ years of experience in Banking
• Strong understanding of the Escheatment process (Unclaimed Funds, Abandoned Property)
• Ability to investigate and close out abandoned property cases
Benefit packages for this role will start on the 1st day of employment and include medical, dental, and vision insurance, as well as HSA, FSA, and DCFSA account options, and 401k retirement account access with employer matching. Employees in this role are also entitled to paid sick leave and/or other paid time off as provided by applicable law.