Investment Services Manager

3 days ago


Santa Fe, New Mexico, United States City National Bank Full time
About the Opportunity

This role is responsible for the administration of defined benefit and defined contribution plans, ESOPs, other employee benefit trusts, agency, and Individual Retirement Accounts (IRAs).

The position ensures that the administration of the accounts is in accordance with the applicable laws and achieves compliance with Bank policies and procedures as well as regulatory requirements.

Interfaces with colleagues, clients, client intermediaries, and CNB business partners regarding accounts.

Key Responsibilities
  1. Administer defined benefit and defined contributions plans, ESOPs, and other employee benefit trusts for account opening, periodic account administrative reviews, plan contributions, distributions, participant loans, cash transfers, wire transfers, asset transfers, asset valuations, and the review and certification of the annual trust statements.
  2. Administer a book of agency and retirement services relationships.
  3. Work with assigned clients, their intermediaries, and CNB business partners to ensure adherence to Bank policies and procedures, regulatory compliance, overall profitability, and retention of the accounts assigned.
  4. May administer Individually Directed Accounts (IDAs) for high net worth participants in defined contribution plans.
  5. Assist with regulatory examinations, independent audits, internal audit compliance reviews, and work with the Wealth Services Manager to implement action plans to correct deficiencies and update policies and procedures where needed.
Requirements
  • Bachelor's Degree or equivalent.
  • Five years of experience in working with RBPS.
  • Five years of experience in the administration of defined contribution, defined benefit, and other employee benefit trust and agency accounts.
  • Five years of experience in a client-facing role in a financial institution.
  • Five years of experience in working with ERISA Qualified Plans under the Employee Retirement Income Security Act (ERISA).
Preferred Skills and Knowledge
  • Five to seven years of experience in the administration of defined contribution, defined benefit, and other employee benefit trust, and agency accounts.
  • Five years of experience in a client-facing role in banking or financial services environment.
  • Bachelor's degree in Business, Finance, or related area preferred.
  • Excellent organizational and problem-solving skills.
  • Experience with SEI's Trust 3000 Trust Accounting system.
  • Proficient with Microsoft Office Suite (Word, Excel, PowerPoint, Outlook).
  • Excellent verbal and written communications skills sufficient to interact with all levels of Bank personnel and clients.
  • Demonstrated in-depth knowledge of the fiduciary and prohibited transaction provisions associated with the Employee Retirement Income Security Act (ERISA).
Compensation

Starting base salary: $71,869 - $114,797 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.



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