Trust & Custody Operations Intern

Trust & Custody Operations 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 of checks, ACH, wire payments, increasing/decreasing client holdings and positions, analyzing data for regulatory reporting, client invoicing, and more.

As the Trust & Custody Operations 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:

• Facilitate trade activity (global and domestic) and monitor settlement
• Initiate 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:

$33,786 - $49,698

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.

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 View email address on click.appcast.io to let us know the nature of your request.

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