About the position
The Compliance Officer will oversee Emigrant’s compliance function, as well as playing a principal role in enterprise risk management under the direction of the CCO. This individual will also be responsible for: identifying and communicating laws and regulations and best practices to Emigrant’s Trust business lines, coordinating training programs for employees, reviewing and implementing the compliance program, updating and revising policies and procedures to meet ongoing regulatory requirements and current business operational needs, reporting regularly to Senior Management and organizing and developing the appropriate compliance reports for presentation to our various committees, Senior Management and the respective Boards of Directors, overseeing appropriate client onboarding practices in conformity with AML/BSA requirements, and working with internal and outside legal counsel to assess, oversee and develop appropriate Investment and Trust/Fiduciary controls and procedures. This individual will also work with CCO in assessing, overseeing, and improving the risk management practices, as well as working with Business and Operations personnel and the firm’s auditors and other outside resources to identify risks and establish appropriate controls. This individual should have excellent analytical ability and a strong sense of operations within a Trust Company environment. The Compliance Officer will report to Emigrant’s CCO and will work with the CCO to provide leadership, innovation, governance, and initiatives necessary to identify, mitigate and monitor the Trust company’s operational risk. S/he will be principally responsible for the oversight of and assist in, the development of tools, practices, policies, and procedures that will manage risks.
Responsibilities
- Identifying and communicating banking and trust laws, regulations and best practices to the firm’s business lines.
- Review and implement the compliance program and partner with team members to implement testing programs.
- Establishing training programs for employees.
- Revise and continually update policies and procedures to meet ongoing regulatory requirements and current business operational needs, reporting regularly to Senior Management and organizing and developing the appropriate compliance reports for presentation to our various committees, Senior Management, and the respective Boards of Directors.
- Maintains Regulatory Compliance calendar.
- Manages, coordinates periodic Compliance activities.
- Participates in Vendor risk assessments and periodic Vendor checks; reviews Vendor SOC reports.
- Assists in conducting risk self-assessments of Bank fiduciary activities.
- Conducts oversight reviews of the approval process of marketing material.
- Participates in the review of new products, services and pricing.
- Contributes to the annual review of the Bank's BCP plan; assists in the maintenance of the plan.
- Coordinates periodic reporting requests for clients and Vendors.
- Reviews new client acceptance documentation; assists in conducting new client risk assessments.
- Assists the Bank's AML Officer in executing the Bank's AML/BSA/OFAC and CIP requirements.
- Assists in periodic review of fiduciary clients.
- Oversees and Maintains the Bank's record retention program.
- Participates in the coordination for internal audit, external audit, and regulatory examiners, including the preparation of workpapers and documents as needed.
- Performs other duties and/or projects as assigned.
Requirements
- Bachelor’s degree in finance, business or related.
- Master’s degree, CPA designation or Law degree is desirable.
- Professional certification is highly preferred, such as Certified Bank Compliance Officer (CBCO), Certified Regulatory Compliance Manager (CRCM), or Certified Regulatory and Compliance - Professional (CRCP) would be an asset.
- Minimum of 10 plus years in a Compliance Officer or higher role.
- Industry Experience is required: Banking, Trust, or Investment Management.
- Comprehensive understanding of operational risk, investment risk, regulatory risk.
- Experience and success working with regulators.
- Experience as a Federal Reserve/FDIC or state regulator is desirable.
Nice-to-haves
- Subject matter expert with 7 plus years as a compliance officer or comparable position and at least 5 years in the banking and/or trust area.
- Comprehensive understanding of operational risk, investment risk, regulatory risk, and related areas.
- Highly organized and reliable.
- Strong project management skills, with the ability to work successfully with others at all levels in order to implement compliance and risk management solutions from a practical perspective.
- Strong interpersonal skills, maturity, and good judgment, with the capability of communicating with a diverse range of individuals in the corporate structure.
- Willingness to travel when necessary and work closely with individuals in regional offices.
- Detail oriented, hands-on, roll up sleeves approach.
- Strong leadership skills and can work effectively with specialists throughout the organization.
- Experience and success working with regulators.
Benefits
- Discretionary bonus
- Full Health Benefits
