Senior Compliance Advisor Wealth/Trust

Responsibilities

• Serving as the primary Compliance Department point of contact for assigned lines of business and/or regulatory topics.
• Ensuring the Corporate Compliance Program is appropriately implemented.
• Promoting a strong compliance culture.
• Regularly interacting with stakeholders, including business management, first line Business Risk Officers, other Compliance and Risk team subject matter experts, internal legal counsel, and others.

Qualifications

• Direct exposure to trust services, broker-dealer oversight, private banking, and RIA models.
• Strong federal and state regulatory knowledge applicable to the above mentioned Wealth lines of business.
• Investments and suitability analysis, advisor compensation, referrals, conflicts and disclosure requirements.
• Experience with regulatory exams (OCC, SEC, FINRA and state).
• Wealth applicable certifications such as the CRCP, CRCM, CTFA, or other certificates in Fiduciary Risk and Compliance, Trust Administration, etc…

Key Accountabilities

• Overseeing the effectiveness of the Line of Business Compliance Program.
• Working with the line of business to complete and maintain current compliance risk assessments.
• Ensuring appropriate business policies and procedures for applicable regulatory requirements.
• Conducting ongoing monitoring related to key compliance risks.
• Assessing regulatory compliance training needs for the assigned businesses, reviewing course content, and ensuring appropriate role assignments.
• Investigating root causes of compliance findings (issues) and compliance-related complaints to identify trends and ensuring appropriate corrective action is taken.
• Ensuring business process or system changes address regulatory requirements.
• Reporting and escalating concerns to Compliance and line of business management.
• Proactively working with business personnel and stakeholders to mitigate compliance risk.
• Serving as the regulatory compliance subject-matter-expert to the line of business for:
• Researching and advising on general compliance questions.
• Supporting the development of strategic projects and initiatives.
• Assessing the impact of, and helping define action plans for, implementing regulatory changes, new supervisory guidance, and industry enforcement action trends.
• Reviewing proposed changes to compliance related policies and procedures.
• Assisting the line of business in determining actions to address compliance findings.

Technical Knowledge

• Possesses the required technical knowledge to perform the role effectively.
• Continuous learning to adopt new trends or expertise.

Required Competencies

• Culture Leadership: Effective sharing of information and ideas with individuals and groups; self-awareness and self-management; tailored delivery to the audience; selection of suitable delivery methods.
• Collaboration: Actively seeks, develops, and maintains trusted relationships with others to achieve business goals and objectives.
• Execution Leadership: Committed to achieving established goals, overcoming obstacles, and continuously learning to improve performance; seeking to identify what caused the issue; incorporating input from multiple sources; ensuring effective action and shared ownership; decisions are sound based on what was known at the time and are based on a blend of analysis, wisdom, experience, and judgement.
• Problem Solving/Decision Making: Identifies what caused the issue; incorporates input from multiple sources (e.g., lines of business, subject matter experts, data, policies, procedures, etc.) to ensure effective action and shared ownership; decisions are sound based on what was known at the time and are based on a blend of analysis, wisdom, experience, and judgement.
• Technical Knowledge: Possesses the required technical knowledge to perform the role effectively; continuous learning to adopt new trends or expertise.
• Communication: Shares information and ideas with individuals and groups; displays self-awareness and self-management; tailors the delivery to the audience; selects suitable delivery method(s).
• Work Ethic: Strong work ethic, attention to detail, strong time management skills, works well under deadlines, ability to multi-task.
• Relationship Building: Builds and maintains strong working relationships with business partners, teammates, and stakeholders.
• Computing Applications: Competency with Microsoft Office Suite products and general end-user computing applications.

Benefits

The salary range for this position is $90,000 - $121,300 per year plus bonus. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate’s relevant skills and professional experience, educational qualifications, and geographic location.