Bank Trust Compliance Officer, New York
Emigrant Bank
- New York City, NY
- $150,000-160,000 per year
- Permanent
- Full-time
- 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.
- 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.
- 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.
- Compressive 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 orientated, hands-on, roll up sleeves approach;
- Strong leadership skills and can work effectively with specialists throughout the organization; and
- Experience and success working with regulators.