Trust and Custody Operations Compliance Specialist

Job Summary

You will collaborate with internal partners and serve as a point of contact with external auditors for SSAE18 and SOC1 processes in assigned areas. You will also serve as a point of contact for internal and external regulatory compliance examinations and audits.

How You’ll Spend Your Time

• Administer and maintain the Trust and Custody First Line of Defense (“FLOD”) Program, including, without limitation, documenting internal controls, performing and completing testing of internal controls in a timely fashion, and providing reporting to senior management at a regular frequency that clearly summarizes the results of testing performed through the Program.
• Partner with business leaders in assigned areas to remediate issues identified through Trust and Custody FLOD Program.
• Support the completion of due diligence requests received from clients in assigned areas and on-site client visits.
• Assist your business lines in the resolution and remediation of compliance matters and audit findings.

Qualifications

• A Bachelor's Degree in a relevant field or four additional years of relevant work experience.
• Three (3) years of custody operations, registered funds, private funds, or related financial services experience.
• Two (2) years of compliance or audit experience with a financial institution or consulting firm.

Compensation

• Ranges from $57,760 - $90,960 for US Employees in all other states not listed above.
• Ranges from $63,830 - $100,210 for US Employees in Colorado, Connecticut, Delaware, Illinois, Massachusetts, Maryland, Minnesota, Pennsylvania, Rhode Island, Texas, Washington, and Wisconsin.
• Ranges from $69,920 - $109,460 for US Employees in California, Washington DC, New Jersey, and New York.

Benefits

• Paid Time Off
• A 401(k) matching program
• Annual incentive pay
• Paid holidays
• A comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage
• Health savings, flexible spending, and dependent care accounts
• Adoption assistance
• An employee assistance program
• Fitness reimbursement
• Tuition reimbursement
• An associate wellbeing program
• An associate emergency fund
• Variety of associate banking benefits

Equal Opportunity Employer

UMB is committed to inclusion and diversity and provides employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex (including gender, pregnancy, sexual orientation, and gender identity), national origin, age, disability, military service, veteran status, genetic information, or any other status protected by applicable federal, state, or local law.