Compliance Officer II - Compliance Testing - Wealth and Asset Management

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GENERAL FUNCTION:
As a Compliance Officer II (COII) you will conduct compliance testing for the Wealth and Asset Management (W&AM) business and be responsible for testing strategy, execution, and documentation; management reporting and communication; and issue management. A COII leads in the identification and assessment of risks through the execution of procedures to evaluate the Bancorp's compliance with laws, regulations, and industry standards. While operating within the Bank’s risk appetite, results will be achieved by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
You will be responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns; and develop and execute strategies for closing gaps in performance. A COII is also accountable for always doing the right thing for customers and colleagues, and ensures actions and behaviors drive a positive customer experience.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

- An individual contributor who participates in group and/or individual projects performing reviews of various processes, identifying regulatory compliance risk, and testing controls to ensure they adequately mitigate risk.

- Design and document testing performed by establishing and maintaining comprehensive workpapers that clearly describes the testing methodology and displays the testing results.

- Explain and discuss regulatory findings with Compliance partners and LOB personnel.  Identify the root cause and help to recommend an appropriate corrective action.  Obtain agreement with business partners regarding issue complexity and issue resolution prior to issuing the report.

- Develops and report's findings to Senior Management regarding their business lines.

- Execute increasingly complex testing responsibilities in accordance with Procedures. Drive reviews with limited oversight and assistance.

- Review compliance risk assessment and develop testing scope and attributes to evaluate key risks identified on the risk assessment during reviews.

- Conduct reviews in a timely manner so that testing results can be delivered to the LOB.  Be a Leader within the team assisting in planning and developing testing plans based on information gathered during the planning phase of the review.

- Build business relationships by working within department, cross-department, and LOB teams.

- Conduct extensive research to support regulatory findings/control weaknesses.

- Actively engage in leading on-going departmental initiatives e.g. lessons learned sessions, meetings with compliance partners and other external partners.

- Foster an engaging and inclusive work environment. Actively participate in the development and fulfillment of Team Engagement Plans (TEP).  Collaborate to ensure action plans are developed to address key areas of focus and document the plan and updates.

- Provide coaching to Analysts/COI when performing reviews, including assistance with testing, exception determination, and addressing any questions from the Analysts/COI for their testing.

- Act as a Mentor when onboarding and training new team members.

- Conducts interviews and discussions with managers at all levels to understand the processes, guidelines and technology platforms.

- Participates and/or leads regular meetings with peers to build and maintain knowledge of current and emerging issues and risk in the environment.

- Analyze initial testing conclusions, including exceptions identified, and coordinate with Manager to hold discussions with LOB and compliance partners to discuss testing exceptions and associated risks.

SUPERVISORY RESPONSIBILITIES:

Responsible for providing employees timely, candid, and constructive performance feedback in assigned compliance testing reviews. 

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

• Bachelor's degree and 3 - 5 years of equivalent work experience required, or 5+ years of equivalent work experience in lieu of bachelor’s degree.

• Experience with fiduciary, trust, and retirement regulations (e.g., OCC Reg 9, ERISA, DOL, etc.).

• Knowledge of risks associated with Personal Trust, Custody, Investment Management Agency, IRAs, Private Foundations, Institutional, Retirement Plans, Endowments.

• Certified Fiduciary & Investment Risk Specialist (CFIRS) designation a plus.

• Strong understanding of Wealth