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...

Salary and Benefits

Salary Range: $90,000 - $121,300 per year plus bonus.

Benefits: Medical, dental, and vision insurance; 401K; continuing education opportunities; and an employee assistance program are included in the benefit suite.

Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization are also available.

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.
• 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.

Key Competencies

• Culture Leadership: Effectively shares information and ideas with individuals and groups; displays self-awareness and self-management, tailors the delivery to the audience, and selects suitable delivery method(s).
• Collaboration: Actively seeks, develops, and maintains trusted relationships with others to achieve business goals and objectives.
• Execution Leadership: Driven to achieve established goals, overcome obstacles, and continuously learn to improve performance.
• Problem Solving/Decision Making: Seeks to identify 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.

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.