Asset Onboarding Specialist

$40,102 - $60,154/Yr

Opus Bank - Denver, CO

Full-time - Entry Level

Denver, CO

Credit Intermediation and Related Activities

About the position

The Asset Onboarding Specialist - PP Trust plays a crucial role in the Trust Operations team, primarily focusing on the onboarding activities related to private equity and real estate assets. This position is designed for individuals who are eager to develop their expertise in these specific security types while also gaining a broader understanding of various asset classes. The specialist will be responsible for conducting thorough risk analyses to determine the acceptability of assets for custody under the PP Trust framework, ensuring compliance with IRS guidelines, regulations, and internal policies. The role requires effective communication with clients, authorized third parties, and asset sponsors to resolve discrepancies and follow up on requests, ensuring that all investment transactions are executed accurately and in a timely manner. In addition to processing cash and securities transactions in the trust accounting system, the Asset Onboarding Specialist will ensure that all related documentation is properly archived and noted in Salesforce. The position involves reviewing documentation for private equity, real estate, and private debt investments, and proactively communicating with clients to keep them informed about the status of their requests. The specialist will also be expected to quickly address any issues or concerns that arise during client interactions, adhering strictly to established procedures. Under the guidance of senior team members, the specialist will assist in processing activities related to institutional client conversions and deconversions, while also developing a comprehensive understanding of processing activities across multiple security types. This role is essential for maintaining the integrity and compliance of the onboarding process within the trust operations framework.

Responsibilities

• Process cash and securities transactions in the trust accounting system related to private equity and real estate position onboarding.
• Ensure all transactions are processed accurately and according to the relevant documentation.
• Ensure all documentation related to the transaction is appropriately archived and noted in Salesforce.
• Review relevant documentation for private equity, real estate, and private debt investments.
• Complete risk analysis to determine if the assets are acceptable for PP Trust to custody (inclusive of IRS guidelines, regulations, and internal polices/procedures).
• Proactively communicate with clients via phone to advise them of the status of their request.
• Quickly remediate any issues or concerns arising from the client contact.
• Ensure all procedures related to client contact are adhered to.
• Under the guidance of senior team members, assist in processing activities related to institutional client conversions and deconversions.
• Under the guidance of senior team members, develop an understanding of processing activities across multiple security types (private equity and real estate).
• Other duties as assigned.

Requirements

• Demonstrated data entry skills required.
• 0-1 year Financial Services experience required.

Benefits

• Discretionary bonus and/or business line incentive may be provided, in addition to a medical and other benefits.