VP - Trust & Estates Compliance

  • Base salary, bonus and excellent benefits
  • New York, NY, USA New York NY US
  • Permanent, Full time
  • The Forum Group
  • 22 Mar 18 2018-03-22

My client, a global investment bank is seeking a compliance professional with a minimum of 10 years relevant experience. This individual should have Fiduciary knowledge of an asset wealth management business with another financial institution or a law firm who understands the role of a full trustee, co-trustee and administrative trustee. Experienced in investment advisory compliance; Position is located in New York.

• The qualified candidate will help build and maintain a strong compliance culture/environment. His/her responsibilities will include, but are not limited to, the following:
• Providing compliance support to Trust, Custody and Investment Advisory private bank business lines
• Advising and consulting business/product management on relevant laws, regulations and firm policies and procedures
• Working with the business in the implementation of regulatory reform/rule change initiatives impacting the wealth management business
• Assisting with the implementation of a second level testing program, targeted reviews and monitoring of reports for effective investment advisory QA program
• Providing support and guidance for the investment advisory account acceptance of investment guidelines & restrictions and input of investment restrictions into system 
• Working with the Communication Trade Surveillance Team daily monitoring of investment restriction breaches
• Working with the Investment Advisory business on developing a quality assurance program to assess compliance with established standards
• Providing advisory support to trust officers, wealth planners, portfolio managers and portfolio analysts
• Participating on Investments, Trust and Special Assets committees
• Reviewing new products, marketing materials and other forms of communications for regulatory compliance and adherence to firm standards
• Conducting annual compliance risk assessments and compliance targeted reviews
• Working closely with other control groups such as Legal, Risk Management, Audit and Business Supervisory functions to ensure coverage is comprehensive and consistent, and that issues are appropriately addressed in a timely manner
• Assisting with the content, implementation and delivery of compliance training
• Candidate must possess strong knowledge of applicable Fed and OCC regulations including, but not limited to, Regulation R and Regulation 9 and some knowledge of Regulations E, W, O and P
Additional qualifications include:
• Bachelor's degree or higher in related field of study; Law degree desirable
• Solid working knowledge of private banking/wealth management products and services
• Ability to work effectively with senior business management and staff within a matrixes organization, and engage and provide pro-active advice
• Ability to engage others in open, honest dialogue, and directly addresses conflict when it arises