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Trust Department Manger
Ref No.: 17-00604
Location: HOBOKEN, New Jersey
Our client, A Prestigious International Bank is looking for a Trust Department Manger, Trust Officer to join their team. 

As the primary account representative, the Manager has the responsibility of the setup, continued processing and reporting of the CLO note holders. This would include transfer of ownership, P&I payments and daily cash management and reporting. The manager also will have Trustee oversight responsibility in the case of default. This position will also be responsible for staffing needs, department procedures and third party vendor management.


JOB FUNCTIONS/DUTIES AND RESPONSIBILITIES
  •      Represents the Trust Department and bank in all trust related activities including the following CLO trustee and transfer agent activities.
  •      Reads and interpret CLO deal indentures and documents.
  •      Sets up and maintain any new CLO deals on all necessary bank systems.
  •      Performs and maintains any note holder transfers of ownership.
  •     Monitors and balances daily loan positions with collateral manager.
  •     Prepares and reconciles quarterly P&I payments to holders including 3rd party reporting.
  •      Process, maintains and balances all CLO cash accounts daily.
  •      Monitors all default triggers as Trustee per the indenture.
  •      Oversees administration of all Trust Department accounts.
  •     Reports all matters requiring its attention to the Trust Committee.
  •     Executes policies and instructions of the Board of Directors and Trust Committee.
  •     Maintains adequate records, including entries, settlement sheets and follow-up systems.
REQUIREMENTS
  • Bachelor's degree in business, finance, economics or accounting, or equivalent work experience
  • One to three year of experience in structured finance industry
  •   Basic understanding of syndicated bank loans, fixed income securities or securitization trust
  • Ability to perform multiple tasks and meet established deadlines in a dynamic working environment with minimal supervision
  •  Proficient computer skills, especially Microsoft Office applications