Distributions Lead
Description
About Us:
At Columbia, we create a great place to work by offering a unique brand of relationship banking and fostering a culture where associates thrive. We are dedicated to supporting our customers and communities, and we can only achieve this through the dedication of our associates.
We value Trust, Ownership, Growth, Empathy, Teamwork, Heart, Enjoyment, and Relationships, and we are eager to meet candidates who embody these core values. We are always on the lookout for results-focused individuals who can think independently, work collaboratively, and support our broader purpose.
Think of us as financial partners, because at Columbia, we believe the best way forward is together. Together for people. Together for business. Together for better.
About the Role:
The Distributions Lead is responsible for the review and approval of client initiated outgoing distributions, transfers, and rollover requests. Process transactions during times of high volumes. Communicate effectively with clients, authorized third parties, and other entities to resolve discrepancies
or follow-up on requests. Adhere strictly to trust regulations and security standards including our customer identification program, the Gramm-Leach-Bliley Act, Bank Secrecy Act, Internal Revenue Code, and all other applicable banking and trust regulation set forth by the IRS and various other regulatory agencies. Acts in a lead capacity to other department staff. Handles work of complex nature.
or follow-up on requests. Adhere strictly to trust regulations and security standards including our customer identification program, the Gramm-Leach-Bliley Act, Bank Secrecy Act, Internal Revenue Code, and all other applicable banking and trust regulation set forth by the IRS and various other regulatory agencies. Acts in a lead capacity to other department staff. Handles work of complex nature.
- Review team processing activities and approve cash and securities transactions in the
trust accounting system related to client distributions and rollovers. - Ensure all transactions are processed accurately and according to client instructions.
- Ensure all documentation related to the cash transaction is appropriately archived and
noted in Salesforce. - Transactions may be complex in nature (roth conversions, alternative asset re-registration, plan distributions).
- Process complex distribution activities (roth conversions, alternative asset re-registrations,
plan distributions). - Ensure all documentation related to the transaction is appropriately archived and noted in Salesforce.
- 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.
- Assist in training and development of junior staff members.
- Train new hires.
- Train existing employees on complex activities.
- Assist Manager in executing day-to-day management responsibilities, as needed.
- Review team queues to ensure timely processing of requests.
- Assign new work items to team members based on skill level and expertise.
- Assist Manager in executing on team projects and initiatives.
- Other duties as assigned.
About You:
- Bachelor's degree in related field or equivalent financial services experience required.
- Minimum 5 years Financial Services experience required.
- Pervious experience processing cash transactions (ACH, checks, wires) required.
- Previous experience reviewing and approving high risk transactions required.
- Previous experience training junior team members required.
- Must be highly organized with the ability to handle multiple tasks at one time.
- Excellent organizational, time management, problem prevention and problem-solving skills.
- Excellent communication skills with the ability to convey detailed information and instructions clearly,
write reports, correspondence and procedures. - Ability to thrive in a team-oriented environment.
- Must be flexible and willing to work in a fast-paced dynamic environment.
Job Location(s): Ability to work fully onsite at posted location
1801 California St, Denver, CO 80202
Our Benefits:
We offer a competitive total rewards package including base wages and comprehensive benefits. The pay range for this role is $25.23 - $34.00, and the pay rate for the selected candidate is dependent upon a variety of non-discriminatory factors including, but not limited to, job-related knowledge, skills, and experience, education, and geographic location. The role may be eligible for performance-based incentive compensation, and those details will be provided during the recruitment process.
We offer eligible associates comprehensive healthcare coverage (medical, dental, and vision plans), a 401(k)-retirement savings plan with employer match for qualifying associate contributions, an employee assistance program, life insurance, disability insurance, tuition assistance, mental health resources, identity theft protection, legal support, auto and home insurance, pet insurance, access to an online discount marketplace, and paid vacation, sick days, volunteer days, and holidays. Benefit eligibility begins the first day of the month following the date of hire for associates who are regularly scheduled to work at least thirty hours weekly.
Our Commitment to Diversity:
Columbia Bank is an equal opportunity and affirmative action employer committed to employing, engaging, and developing a diverse workforce. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, age, sexual orientation, gender identity, gender expression, protected veteran status, disability, or any other applicable protected status or characteristics. If you require accommodation to complete the application or interview(s), please let us know by email: [email protected].
To Staffing and Recruiting Agencies:
Our posted job opportunities are only intended for individuals seeking employment at Columbia Bank. Columbia Bank does not accept unsolicited resumes or applications from agencies and Columbia Bank will not be responsible for any fees related to unsolicited resume submissions. Staffing and recruiting agencies are not authorized to submit profiles, applications, or resumes to this site or to any Columbia Bank employee and any such submissions will be considered unsolicited unless requested directly by a member of the Talent Acquisition team.