Salary Range

The salary range for this position is $60,000 - $121,300 per year. Final compensation will be determined by location, skills, experience, qualifications and the career level at which the position is filled.

We are currently seeking a Wealth Risk Officer that will work within Wealth Management to ensure adherence to applicable regulations, laws, policies and procedures, including Personal Trust, Retirement Plan Services, Trust Operations, and Corporate Trust business lines. Perform First Line of defense testing and monitoring to ensure key controls are working effectively, and identify and remediate exceptions. Work closely with the Wealth Risk Manager on high priority projects and tasks. Assist with coordinating internal and external audits and examinations. Support Wealth Management investment and fiduciary team members with following all laws, regulations & fiduciary best practices.

Key Accountabilities

Examinations and Audits

• Assist with the timely coordination of materials required for periodic examinations and audits.

Testing and Monitoring

• Perform various new account testing, including reading and interpreting trust documents
• Perform various periodic monitoring and testing, statement delivery, asset security, etc.
• Monitor and report Administrative Review Exceptions
• Approve and Monitor the Risk/Compliance Requests through Footprints/Get Support cases
• Monitor and report overdrafts
• Monitor and investigate potential OFAC hits
• Work collaboratively with Corporate Risk Management and second line of defense Compliance teams
• Serve as a subject matter expert on various Wealth Management committees

Key Competencies for Position

• Planning and Organization - Strong analytical, critical thinking and problem-solving skills.
• Technical Knowledge - Knowledge of financial products, systems, and compliance; regulatory environment and applicable trust/banking regulations
• Collaboration 6 Must have strong interpersonal skills in order work collaboratively with Wealth Management team members, Corporate Risk/Compliance, and regulators to develop required policies and procedures.
• Communication 6 Must be able to effectively communicate and train other Wealth Management team members on risk-related topics.

Qualifications and Education Requirements

• Bachelors Degree in Finance, Business or related field preferred
• 3 years of experience in investment management, business administration, accounting, finance or retail banking.
• Awareness or familiarity with auditing/examination techniques, applicable banking laws and regulations of bank trust/wealth management services, policies and procedures.
• Excellent communication, presentation and interpersonal skills.
• Proficiency in Microsoft Word, Excel and PowerPoint