Institutional Custody Intern

The Trust & Custody Operations (TCO) department is responsible for supporting the Corporate Trust and Institutional Custody lines of business. The TCO department is made up of several teams who perform back-office functions to support our large institutional client base. Assignments range from data entry, processing checks, ACH, wire payments, increasing/decreasing client holdings and positions, analyzing data for regulatory reporting, client invoicing, and more.   

As the Institutional Custody Intern, you will handle processing wire payments for scheduled principal and interest payments, making payment adjustments, performing transfer of ownership of securities, setting up new accounts, processing wire instruction changes, processing address changes, and much more.

How you will spend your time:

• Act as primary or secondary contact for assigned Custody clients to ensure the delivery of the highest possible level of customer service.
• Oversee all activity pertinent to client account
• Facilitate trade activity (global and domestic) and monitor settlement
• Coordinate with internal operations, clients, and external vendors to meet client expectations
• Initiate and authorize domestic and foreign money movements
• Provide reporting as requested
• Facilitate problem resolution, tracking issues through to completion
• Follow company/department policies and procedures to mitigate risk
• Support documentation and audit requests.

Cooperating with the direct manager which includes taking responsibility of personal development, self-evaluation, participating in meetings etc.

We’re excited to talk with you if:

• You are currently enrolled in an Associate’s or Bachelor’s degree program specialized in Accounting, Finance, Economics, Statistics, or Mathematics

Compensation Range:

Minimum: $25,640.00 - Maximum: $59,330.00

The posted compensation range on this listing represents UMB’s standard for this role, but the actual compensation may vary by geographic location, experience level, and other job-related factors. In addition, this range does not encompass the full earning potential for this role. Please see the description of benefits included with this job posting for additional information

UMB offers competitive and varied benefits to eligible associates, such as Paid Time Off; a 401(k) matching program; annual incentive pay; paid holidays; a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage; health savings, flexible spending, and dependent care accounts; adoption assistance; an employee assistance program; fitness reimbursement; tuition reimbursement; an associate wellbeing program; an associate emergency fund; and various associate banking benefits. Benefit offerings and eligibility requirements vary.

Are you ready to be part of something more?
You're more than a means to an end—a way to help us meet the bottom line. UMB isn't comprised of workers, but of people who care about their work, one another, and their community. Expect more than the status quo. At UMB, you can expect more heart. You'll be valued for exactly who you are and encouraged to support causes you care about. Expect more trust. We want you to do the right thing, no matter what. And, expect more opportunities. UMBers are known for having multiple careers here and having their voices heard.

UMB and its affiliates are committed to inclusion and diversity and provide employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex (including gender, pregnancy, sexual orientation, and gender identity), national origin, age, disability, military service, veteran status, genetic information, or any other status protected by applicable federal, state, or local law. If you need accommodation for any part of the employment process because of a disability, please send an e-mail to [email protected] to let us know the nature of your request.

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