Western Alliance Bancorporation
1001-5000 employees
Banking
Financial Services
Commercial Banking
About Western Alliance Bancorporation
Western Alliance Bancorporation is a bank holding company headquartered in Phoenix, Arizona, providing a broad range of banking and financial services primarily to businesses and individuals in the western United States. The company operates through its subsidiaries, including Western Alliance Bank, offering commercial banking, real estate lending, and treasury management services. Founded in 1994, Western Alliance focuses on delivering personalized banking solutions to middle-market companies, real estate developers, and entrepreneurs. It is recognized for its strong financial performance, customer-centric approach, and commitment to supporting local economies.
📋
Description
- As a Trust Associate III you'll be responsible for working on client relationships and ensuring excellent client service and delivery to the client base.
- You'll be assigned a book of clients that are managing Collateral Loan Obligations (CLOs) and Leverage Finance Facilities.
- You'll also be working on day-to-day operations and reporting delivery to those clients.
- You'll need minimal supervision for all the day-to-day activities being executed and you'll manage deals independently.
- Responsible for creating technical report specifications from indenture language.
- Set up payment calculations in a variety of in-house systems.
- Receive, map, and reconcile periodic collateral data.
- Compile monthly, quarterly and annual payment and tax reports.
- Coordinate with operations teams to ensure correct payments are received and made.
- Perform quality control review of reports, meeting timeliness and accuracy standards.
- Perform portfolio compliance tests on a selection of structured fixed income deals (trade testing).
- Perform quality control review of reports, meeting timeliness and accuracy standards.
- Frequent interaction with asset managers, investors, auditors, and rating agencies.
- Responsible for ensuring excellent service delivery to a book of Loan Clients in the Corporate Trust business.
- Participate in new client proposals.
- Lead business-related projects.
- Make tax elections, file for EIN’s, and track residual holder transfers.
- Read and interpret trust indentures with regard to reporting requirements.
🎯
Requirements
- 5+ years of related experience or similar field.
- High school diploma required; Bachelor's degree in related field preferred.
- Intermediate to advanced knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
- Intermediate to advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
- Intermediate to advanced TranStar experience preferred.
- Intermediate speaking and writing communication skills.
🏖️
Benefits
- Competitive salaries
- Ownership stake in the company
- Medical and dental insurance
- Time off
- 401k matching program
- Tuition assistance program
- Employee volunteer program
- Wellness program