Compliance Officer - Wealth Management

Job Description

Responsible for collaborating with the Chief Compliance Officer and the development, coordination, and ongoing implementation of the Brokerage & Wealth compliance program. 

RESPONSIBILITIES:

•    Serve in an account reviewer role to complete annual reviews for all accounts within the Wealth Management Division (Personal Trust/IMA/Institutional/Corporate Trust)
•    Read and analyze each governing instrument to confirm the account is being administered within the boundaries of the governing document.
•    Confirm all internal account coding for accuracy.
•    Review transaction activity to confirm it is in accordance with the documentation on file.
•    Create any remedials for necessary missing documentation or required updates.
•    Confirm remedials have been resolved and documentation submitted is accurate and sufficient to resolve and close the remedial.
•    Review enterprise file management system to confirm all required documentation is present in the file and labeled correctly.
•    Develops training for Wealth personnel to fulfill account review process.
•    Partners with internal and external auditors to ensure successful audit outcome.
•    Oversees the Daily Transaction Review process.
•    Ensures timeliness of completion for the Pricing and Inspection & Appraisal Reports 
•    Serve in a supervisory role in creating and maintaining a documented Tickler process.
•    Maintain the vendor management process.
•    Contribute to the Annual SOC report.
•    Function as day-to-day compliance contact for retail branch offices and provide advice to branch management about firm policies and procedures and regulatory rules.
•    Conduct examinations of branch offices, including reviews of supervisory work relative to sales practices and operations and communicate to branch management when processes or policies are not being effectively conducted.
•    Review new transactions to identify potential conflicts of interest and provide guidance on relevant rules, regulations, and compliance policies.
•    Support compliance monitoring, electronic communications surveillance, and regulatory examination support.
•    Conduct quarterly transaction reviews, including fee benchmarking and transaction memos.
•    Prepare written reports documenting deficiencies, which may require written responses from the branch management team.
•    Oversee compliance testing plan and maintain operating licenses of the broker-dealer and its lending affiliates.
•    Foster strong relationships within the broker-dealer and its affiliates, coordinating with relevant functional groups on due diligence and vendor Management items.

Qualifications

    Bachelor’s degree required.
•    Minimum of four (4) years previous compliance/regulatory banking experience
•    Ability to prepare and present various types of documents and reports.
•    Proficiency in Microsoft Office Products required.
•    Excellent written and verbal communication skills.
•    Ability to travel minimum of 10% and may require overnight travel.
•    Ability to comprehend, interpret written laws and regulations and other technical documents.
•    Ability to multi-task in a fast-paced environment.
•    Detailed oriented, excellent organizational skills and ability to work independently.

KEY COMPETENCIES:

•    Problem Solving
•    Compliance Focused
•    Critical Thinking
•    Relationship Building
•    Decision Making Accountability

Essential Functions:  
•    Sitting for extended periods of time.
•    Ability to efficiently operate a computer keyboard, mouse and other computer components.
•    Ability to converse and exchange information with all levels of staff within organization.
•    Ability to observe, perceive, identify, and translate data
•    Ability to travel via air, rail, automobile and/or bus.

This job description is not intended to be all-inclusive and the employee will also perform other duties as assigned.  It is not an employment contract.  United Bank reserves the right to modify job duties or job descriptions at any time.