Posted: July 23, 2019
Compliance for the Trust Business with in-depth knowledge of trust regulations.
Leads in the identification and assessment of compliance risks (Wealth & Asset Management and primarily Institutional/Retirement Plans/Global Custody/Endowments)-and the execution of procedures to evaluate the Bancorp's compliance with laws, regulations and industry standards. Develops and executes strategies for closing gaps in performance. Works mostly self-directed, with minimal supervisory oversight. Also works within department and cross-department teams.
Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Banks risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
--Participates in the analysis of LOB policies, procedures, and processes, external influences, peer Bank best practices, current regulatory focuses, previous examination findings, and input from Audit and conducts interviews and discussions with managers at all levels to understand the business processes and Technology platforms.
--Analyzes data by numerous delivery channels, product types, and even employee or officer to identify risks and Develop and recommend scope or target for the Review, corrective action/or performance gap closure. Develops and executes strategies for closing gaps in performance.
Assess the adequacy of the business units'/affiliates recommended corrective action to the issues or gaps identified.
--Develops and reports findings to Senior Management regarding their business lines (Legal, Audit, and Senior level Operating Committees).
--Participates and/or Leads regular meetings with peers to Build and maintain knowledge of current and emerging issues and risk in the environment.
--Recommends solutions based upon subject matter expertise to Regulatory Monitoring and Change management Program ownership.
--Recommend protocols for compliance testing (collaborate with the centralized testing team).
--Contribute updates to the compliance risk assessment.
--Support post-implementation validation based on risk rating.
--Reviews reporting from the Councils for use by the Regulatory Change management Committee.
--Areas of responsibility and accountability within compliance Include: Wealth & Asset management with this position primarily supporting the Institutional (Retirement Plans (ERISA), Global Custody, Endowments product lines.
Currently no positions reporting to this position and no current plans to add staff.
W&AM - Compliance Officer II (Advisory team supporting Institutional - Retirement Plans (ERISA)/ Global Custody)
Preferred LOCATIONs -- Cincinnati, Ohio 45202; Chicago; Charlotte
For Information contact Becky Arnold at 419-259-7116
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