Compliance Officer – Wealth Management and Trust Testing
Location:
4910 Tiedeman Road, Brooklyn Ohio
About the Job
As part of Key’s second line of defense Compliance Risk Management function, the Risk Evaluation and Assurance Program (the “REA Program”) has the responsibility for evaluating Key’s ongoing compliance with applicable laws and regulations through the execution of compliance monitoring and testing across Key’s lines of business, products, and functional activities. Individuals in this role assist in the design and execution of wealth management testing and continuous monitoring to evaluate Key’s compliance with regulatory requirements and expectations. Individuals work both autonomously on assignments and in collaboration with other members of REA team on projects and testing. The ideal candidate has a functional knowledge of wealth management, trust/fiduciary compliance laws and regulations, risks and supporting operational processes, experience in testing/auditing, and a passion for continuous learning and challenging the status quo.
Essential Job Functions
Serve on a team of risk evaluation and assurance professionals, working to provide an independent second-line-of-defense approach to risk-based monitoring and evaluation by focusing on current, high impact wealth management and trust-related compliance and operational risks, developing assessments, and providing input over control effectiveness through formal reporting, as well as monitoring remediation activities.
Work independently and with a team on risk-based monitoring and evaluation activities, including risk assessment, monitoring and testing, analysis of findings, and reporting to ensure effective, sustainable risk management processes exist.
Demonstrate a working knowledge of wealth management and trust products, services, and related regulations and the applicability to risk management strategies including the scoping of risk evaluations, monitoring, and design of testing plans.
Utilize data analysis tools and techniques to analyze, quantify, and/or assess risks and to evaluate controls to identify potential weaknesses and/or control gaps.
Clearly document the results or conclusions for testing performed in concise management reports and provide heightened awareness around significant risks and proactive identification, escalation, and remediation of control weaknesses or gaps.
Review policies and procedures and associated compliance and risk programs to ensure consistency with current applicable banking and securities rules, regulations, and laws.
Develop and maintain strong, collaborative relationships with mid to senior level management, other internal clients and peers, and internal audit.
Required Qualifications
Education/Background: Bachelor's degree,
Minimum 3 years of wealth management related (e.g. – trust/fiduciary, asset management, private banking, securities, etc.) compliance, risk management, and/or internal or external audit experience with a strong focus on risks and controls.
Functional knowledge of wealth management products and services (e.g. – trust, private banking, securities/investment management) as well as trust/fiduciary related compliance, operations, and risk management strategies with respect to the execution of testing against applicable OCC regulatory expectations and pertinent regulations (e.g. – 12 CFR 9).
Demonstrated skill in effectively communicating (verbal and written) results to a diverse audience; ability to work with all levels of management with a focus on collaboration and relationship management.
Strong interpersonal and collaboration skills; ability to work well in a team environment.
High ethical standards, strong critical thinking, detective, analytical, and problem-solving skills.
Autonomous, self-motivated, and flexible with the ability to adapt quickly to change or shifting priorities in a fast-paced environment.
Preferred Qualifications
Currently maintains or is actively pursuing relevant professional and/or industry sponsored certifications in wealth management, trust, and/or fiduciary risk management and/or compliance (e.g. - CFIRS (Certified Fiduciary & Investment Risk Specialist), CTFA (Certified Trust and Fiduciary Advisor), or similar).
Prior wealth management and trust (e.g. - e.g. – trust, private banking, securities/investment management) testing experience leveraging risk-based auditing techniques.
Experience with data analysis tools and techniques including advanced concepts of Microsoft Word, Excel, and PowerPoint and/or other analytical software (e.g. – SAS, Tableau, ACL, etc.).
Experience working on projects or initiatives requiring strategic planning/thinking across multiple functional areas and business processes.
COMPENSATION AND BENEFITS
This position is eligible to earn a base salary in the range of $71,000.00 - $122,000.00 annually. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for t
4910 Tiedeman Road, Brooklyn Ohio
About the Job
As part of Key’s second line of defense Compliance Risk Management function, the Risk Evaluation and Assurance Program (the “REA Program”) has the responsibility for evaluating Key’s ongoing compliance with applicable laws and regulations through the execution of compliance monitoring and testing across Key’s lines of business, products, and functional activities. Individuals in this role assist in the design and execution of wealth management testing and continuous monitoring to evaluate Key’s compliance with regulatory requirements and expectations. Individuals work both autonomously on assignments and in collaboration with other members of REA team on projects and testing. The ideal candidate has a functional knowledge of wealth management, trust/fiduciary compliance laws and regulations, risks and supporting operational processes, experience in testing/auditing, and a passion for continuous learning and challenging the status quo.
Essential Job Functions
Serve on a team of risk evaluation and assurance professionals, working to provide an independent second-line-of-defense approach to risk-based monitoring and evaluation by focusing on current, high impact wealth management and trust-related compliance and operational risks, developing assessments, and providing input over control effectiveness through formal reporting, as well as monitoring remediation activities.
Work independently and with a team on risk-based monitoring and evaluation activities, including risk assessment, monitoring and testing, analysis of findings, and reporting to ensure effective, sustainable risk management processes exist.
Demonstrate a working knowledge of wealth management and trust products, services, and related regulations and the applicability to risk management strategies including the scoping of risk evaluations, monitoring, and design of testing plans.
Utilize data analysis tools and techniques to analyze, quantify, and/or assess risks and to evaluate controls to identify potential weaknesses and/or control gaps.
Clearly document the results or conclusions for testing performed in concise management reports and provide heightened awareness around significant risks and proactive identification, escalation, and remediation of control weaknesses or gaps.
Review policies and procedures and associated compliance and risk programs to ensure consistency with current applicable banking and securities rules, regulations, and laws.
Develop and maintain strong, collaborative relationships with mid to senior level management, other internal clients and peers, and internal audit.
Required Qualifications
Education/Background: Bachelor's degree,
Minimum 3 years of wealth management related (e.g. – trust/fiduciary, asset management, private banking, securities, etc.) compliance, risk management, and/or internal or external audit experience with a strong focus on risks and controls.
Functional knowledge of wealth management products and services (e.g. – trust, private banking, securities/investment management) as well as trust/fiduciary related compliance, operations, and risk management strategies with respect to the execution of testing against applicable OCC regulatory expectations and pertinent regulations (e.g. – 12 CFR 9).
Demonstrated skill in effectively communicating (verbal and written) results to a diverse audience; ability to work with all levels of management with a focus on collaboration and relationship management.
Strong interpersonal and collaboration skills; ability to work well in a team environment.
High ethical standards, strong critical thinking, detective, analytical, and problem-solving skills.
Autonomous, self-motivated, and flexible with the ability to adapt quickly to change or shifting priorities in a fast-paced environment.
Preferred Qualifications
Currently maintains or is actively pursuing relevant professional and/or industry sponsored certifications in wealth management, trust, and/or fiduciary risk management and/or compliance (e.g. - CFIRS (Certified Fiduciary & Investment Risk Specialist), CTFA (Certified Trust and Fiduciary Advisor), or similar).
Prior wealth management and trust (e.g. - e.g. – trust, private banking, securities/investment management) testing experience leveraging risk-based auditing techniques.
Experience with data analysis tools and techniques including advanced concepts of Microsoft Word, Excel, and PowerPoint and/or other analytical software (e.g. – SAS, Tableau, ACL, etc.).
Experience working on projects or initiatives requiring strategic planning/thinking across multiple functional areas and business processes.
COMPENSATION AND BENEFITS
This position is eligible to earn a base salary in the range of $71,000.00 - $122,000.00 annually. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for t