Wealth Management Middle Office Specialist - Corporate Trust Operations

Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.

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At Regions, the Wealth Management Middle Office Specialist provides back office support for the Wealth Management business segment.  The Wealth Management Middle Office Core Unit consists of the following teams: Account Services (Cash Processing and the Closely Held Group), Custody Services, Fees, Corporate Trust Operations and Natural Resources and Real Estate (NRRE) Operations.

Primary Responsibilities

• Provides specialized administrative support to the Wealth Management business segment, including transactions processing for firm-specific assets, client bill pay services, wire transfers and check disbursements

• Creates detailed analytical reports and ad hoc reports for Front Office associates and Management

• Interprets the details of trust accounting to properly process free movements, cash disbursements and gain/loss activity

• Posts pending trades to allow for the timely settlement of securities trades by SEI

• Administers bond payments and transfers processing

• Oversees fee setup and maintenance in the Wealth Management system

• Resolves problems and answers questions from internal customers

This position requires the tracking of time and is eligible for overtime for hours worked in excess of 40 per week under the Fair Labor Standards Act.

Requirements

• High School diploma or GED

• Some college and/or bank experience

Skill and Competencies

• Ability to multitask with minimal supervision

• Demonstrates a willingness to learn and apply new concepts and can adapt well to change

• Demonstrates the ability to identify and resolve common issues/problems

• Good analytical and problem-solving skills, including attention to detail

• Proficient verbal and written communication skills

• Proficient with Microsoft Office products and programs

This position is on the Wealth Management Middle Office Corporate Trust Operations team.

This associate is responsible for managing the Rule 144 DWAC (Deposit/Withdrawal at Custodian) process — an electronic system that facilitates the transfer of securities between a brokerage account and a company’s transfer agent.

Rule 144 provides a safe harbor for the public resale of restricted and control securities. 

• Restricted securities are issued in a non-public transaction. Restricted securities typically are marked as “restrictive,” while control securities generally do not have any such designation.
• Control securities are securities held by an affiliate, such as an executive or large shareholder who has the power to direct management of the company issuing shares. 

Additional Preferences and Qualities

• Knowledge of Depository Trust Co (DTCC)
• Knowledge of Rule 144
• Knowledge of SEC (U.S. Securities and Exchange Commission)
• Detail-Oriented – Shows precision and accuracy in work
• Analytical Thinker – Ability to interpret data and make informed decisions
• Problem Solver – Skilled at identifying issues and implementing solutions
• Organized – Efficient in managing tasks and deadlines
• Adaptable – Thrives in changing environments and learns quickly
• Collaborative – Works well in team settings and builds strong relationships
• Proactive – Takes initiative and anticipates needs before they arise
• Dependable – Reliable and consistent in delivering results

This position may be filled at a higher level depending on the candidate’s qualifications and relevant experience.

Regions will not sponsor applicants for work visas for this position. Applicants for this position must be currently authorized to work in the United States on a full-time basis.

Position Type

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target:

Minimum:

Median:

Incentive Pay Plans:

Benefits Information

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.

• Paid Vacation/Sick Time

• 401K with Company Match

• Medical, Dental and Vision Benefits

• Disability Benefits

• Health Savings Account

• Flexible Spending Account

• Life Insurance

• Parental Leave

• Employee Assistance Program

• Associate Volunteer Program

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.

https://www.regions.com/about-regions/welcome-portal/benefits

Equal Opportunity Employer/including Disabled/Veterans

Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.