Chief Compliance Officer - Fifth Third Wealth Advisors

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GENERAL FUNCTION:

Chief Compliance Officer, this position is responsible for ensuring policies and procedures for Fifth Third Wealth Advisors, a Registered Investment Advisor are designed specifically to prevent violation of the Investment Advisers Act of 1940 and other securities laws. The covered regulations include, but are not limited to, those of the Securities and Exchange Commission (SEC), the Office of the Comptroller of the Currency (OCC) and the Department of Labor (DOL). The incumbent will strive to ensure that the Registered Investment Adviser’s practices always meet requirements of government regulations; provide regularly scheduled updates to the Registered Investment Adviser’s Boards of Directors regarding the firms’ implementation of and adherence to all regulatory compliance requirements; and educate, update and train the Registered Investment Adviser’s staff in all requisite areas of regulatory compliance. This position is responsible for providing strategic leadership, direction and oversight regarding the Registered Investment Adviser’s compliance risk management programs, including the policies, risk assessment, monitoring, reporting, and control framework. The incumbent is responsible for analyzing current and emerging regulatory trends and proposing and implementing recommendations or system solutions to mitigate identified risks. The Compliance Director will be responsible for management of the related Compliance Managers and Compliance Officers, including ensuring compliance with Federal laws and regulations and industry standards.    This position is also responsible for continued team member development, employee engagement and interfacing with partners in Compliance Risk Management for administrative and reporting purposes.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Direct, develop and oversee the strategic aspects of the Registered Investment Adviser’s compliance program. This includes overseeing policies and procedures, executing monitoring programs and providing employee training for the Registered Investment Adviser.

• Build and execute a Registered Investment Adviser regulatory compliance monitoring program.
• Responsible for the management and oversight of the Registered Investment Adviser’s compliance programs covering SEC, OCC and DOL laws and regulations.
• Oversee and direct the execution of the Registered Investment Adviser’s compliance risk assessment for the compliance programs.
• Manage the process of keeping the firms’ SEC registration documents (Form ADV) up to date.
• Manage all other regulatory filings for the Registered Investment Advisers.
• Serve as a key contact with SEC, OCC and DOL regulators for regulatory exams.
• Work with lines of business to identify policy and procedural enhancements.
•  In reference to new products and new initiatives, work with the teams to ensure proper assessment of the risks, the planning of controls and the adequate execution of those controls.
• Assess the adequacy of Registered Investment Adviser’s recommended corrective actions to the issues or gaps identified.
• Develop and report findings to the Registered Investment Adviser’s Senior Management regarding compliance with regulations.
• Provide periodic reports to senior management and Board committees on industry trends, state of the compliance programs and the status of key initiatives.
• Provide compliance subject matter expertise and sponsorship for the lines of business and Bancorp projects, processes and products.
• Actively promote a solution-oriented environment throughout the Compliance Department.
• Develop and maintain relationships between Compliance Risk Management, management of the Registered Investment Advisers and the Wealth and Asset Management Division business leaders to ensure the implementation of effective compliance programs across the Bancorp and related lines of business.
• Provide leadership, motivation, coaching and assessment to ensure optimum team and individual performance in support of department, division and Bancorp goals.
• Maintain a cutting-edge awareness of company goals, regulatory and legislative developments and industry trends.
• Conduct interviews and discussions with senior level managers to understand the Wealth and Asset Management business.
• Work closely with Senior Leadership to set strategic direction for the department and execute on those goals and objectives.
• Develop and maintain relationships with OCC regulators,