Compliance Specialist Senior Wealth Management

About the role

The Compliance Specialist establishes and implements an effective compliance program to ensure regulatory compliance for Bank Wealth Management products. Responsible for monitoring, discovering, interpreting, enhancing, updating, developing, tracking and implementing pertinent and effective compliance policies and procedures related to operations initiatives within the internal and external compliance environment.

Responsibilities

• Maintains and enhances compliance policies and procedures related to OCC requirements for Retail Non-Deposit Investment Products (RNDIP), Regulation R, and certain ERISA requirements.
• Analyzes and escalates issues and concerns related to OCC requirements for Retail Non-Deposit Investment Products (RNDIP), Regulation R, and certain ERISA requirements.
• Functions as an internal consultant to colleagues throughout City National Bank (CNB) related to operational compliance issues and concerns.
• Oversight of timely remediation within the framework of the established CNB/RBC Testing Program.
• Works within the framework of the established CNB/RBC Testing Program overseeing timely remediation.
• Functions as a conduit for identifying and recommending improvements to existing internal operational compliance policy and procedure while recognizing opportunities for enhancement within the full scope of CNB’s compliance foundation.
• Knowledge and assistance in preparation of annual and ongoing reports to executive management and the board of directors.

Requirements

• Bachelor's Degree or equivalent
• Minimum 5 years of experience with bank operations and/or compliance operations
• Minimum 5 years of experience with risk management and/or Compliance policies and procedures

Qualifications

• A FINRA Series 7 and/or 24 is highly desirable
• Demonstrated comprehensive knowledge in branch operations, client relationship and risk management with a strong working knowledge of bank back office processes and systems required
• Thorough understanding of applicable laws and banking regulations required
• Proven leadership skills mixed with a propensity towards strong organization and time management skills required
• Must possess the ability to recognize and communicate enhancement opportunities along with developing creative and sound solutions within assigned duties
• Excellent oral and written communication skills with all levels of management required
• Computer proficiency in Microsoft applications of Outlook, Word, Excel, PowerPoint, Access and Project required
• Experience communicating and interacting with regulatory agencies, including exam management and other regulatory affairs
• For Banking Compliance related roles, Certified Compliance Risk Manager (CRCM)
• For Wealth Management Compliance roles, experience with a financial institution such as a broker/dealer and/or registered investment adviser
• For Wealth Management Compliance roles, experience working within a Compliance Investment Management role

Benefits and Perks

Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
Career Development through Tuition Reimbursement and other internal upskilling and training resources
Valued Time Away benefits including vacation, sick and volunteer time
Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
Career Mobility support from a dedicated recruitment team
Colleague Resource Groups to support networking and community engagement

Pay

Starting base salary: $85,000 - $145,000 per year for the NYC location. Exact compensation may vary based on skills, experience, and location.

Schedule

This job is eligible for bonus and/or commissions.