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:
• Completing and maintaining 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.
• Aiding the line of business in determining actions to address compliance findings.
• Maintaining current knowledge of applicable laws, regulations, and industry trends.
• Evaluating changes in industry practice and legal/regulatory requirements and ensuring that timely appropriate action is taken.
• Aiding in preparations for compliance regulatory exams and internal audits related to assigned areas.

Qualifications and Education Requirements

• Bachelor's degree (preferred), or equivalent work experience.
• Minimum of 10 years of relevant regulatory compliance experience in the Banking or related industry, with progressive responsibility.
• Certified Regulatory Compliance Manager (CRCM) (preferred).
• Strong technical understanding of applicable banking laws, federal and state regulations, and regulatory guidance as they apply to banking products, services, policies and procedures.
• A solid understanding of compliance risk management principles and regulatory expectations.
• Demonstrates conceptual thinking and analytical skills.
• Advanced problem-solving skills with the ability to define problems, analyze the variables and propose solutions.
• Strong verbal, written and presentation communication skills.
• Ability to create and present written reports.
• Strong work ethic, attention to detail, strong time management skills, works well under deadlines, ability to multi-task.
• Ability to build and maintain strong working relationships with business partners, teammates, and stakeholders.
• Required competency with Microsoft Office Suite products and general end-user computing applications.