Treasury Services Specialist
MILLENNIUM TRUST COMPANY is a rapidly-growing, leading financial services company offering specialized retirement and institutional services. Whether clients are managing corporate retirement assets, running a business or wanting choice beyond traditional asset options, we provide flexible and digital solutions to support our clients’ success. Ultimately, we aim to educate and increase access to investments to help our clients on their journey to retirement readiness, but do not provide investment advice.
Millennium Trust has experienced year-to-year double digit growth and prides itself on its strong, progressive culture. We have been recognized for our tremendous growth on lists, such as Crain’s Fast 50 and Inc. 5000, and have also been recognized for our positive workplace culture on the 2019 Best Places to Work in Illinois list, as well as the 2019 Model Workplace Award and 2018 Champion for Young Professionals Award from the Greater Oak Brook Chamber of Commerce. Millennium Trust employees live out the values of Do Right, Excel, Collaborate, Innovate and Celebrate and deliver the brand promise of going “Above and Beyond,” so each client experiences the highest level of service.
We are always looking to expand our growing team with dynamic and enthusiastic individuals. If you enjoy a collaborative, fun environment that encourages career development, Millennium Trust is the place for you!
POSITION SUMMARY:
The Treasury Services Specialist is primarily responsible for confirming accurate details and data of Millennium Trust Company’s daily outgoing wire activity and assisting with bank administration tasks across 40 banking partners. This role may also be asked to support the Manager of Treasury Operations with analysis of potential projects to benefit the efficiency and productivity of the Treasury Operations team and Millennium Trust Company. The ideal candidate will be detail-oriented, organized, dependable, and excel in a collaborative environment.
ESSENTIAL JOB FUNCTIONS:
- Responsible for the accurate and timely review and verification of outgoing wire transfers to the correspondent bank systems
- Assist with maintaining appropriate support documentation for wire activity for audit, compliance and accounting purposes
- Work with business lines to ensure timely and accurate processing of wire transfers
- Appropriately escalate issues to management in order to resolve in a timely manner
- Balance and reconcile all wire activity to the reconciliation system
- Understand wire approval limits and authorities
- Responsible for identification and handling of errors/omissions in wire transfer instructions in compliance with the firm’s wire policies and procedures
- Follow controls in place to protect against fraudulent wire activity
- Where appropriate, assist with bank administration tasks such as user additions, password resets, reporting, etc.
- Assist with special projects such as documenting and updating procedures, bank administration reporting, and monthly cost analysis
- Other duties as assigned
EDUCATION, EXPERIENCE AND SKILLS REQUIRED:
- Bachelor's Degree in Finance, Business, or related field
- 1 - 3 years of applicable experience
- Proficiency in online banking
- Previous Treasury/Cash Management experience preferred
- Excellent analytical skills with a proactive nature
- Strong organization skills with a drive to meet deadlines
- An affinity for accuracy and efficiency
- Proficiency in Microsoft Excel, Word and Outlook
- Strong verbal and written communication skills
- An aptitude for prioritization and multi-tasking
- Strong collaboration skills
- A drive to learn and apply new concepts quickly
Check out a video on our Company Culture! Millennium Trust Culture