Compliance Officer – Wealth

Role Overview

• Provide independent oversight and effective challenge to first line Wealth risk management activities
• Assess whether first line compliance controls are adequately designed, implemented, and operating effectively across Wealth lines of business
• Ensure alignment with enterprise risk appetite, regulatory expectations, and the three lines of defense model
• Serve as an independent control function—not responsible for business execution or operational ownership
• Interpret and apply federal and state regulatory requirements (e.g., OCC, SEC, FRB, state regulators, Investment Company Act of 1940, securities laws, fiduciary standards, OCC’s RNDIP requirements)
• Provide clear, practical guidance to first line leaders on compliance risk, control design, and regulatory expectations
• Advise on new and changed products, services, processes, marketing, disclosures, and client communications from a risk compliance perspective
• Translate regulatory complexity into business-relevant, risk-based guidance
• Lead or support the annual compliance risk assessment for Wealth Division
• Evaluate inherent risk, control effectiveness, and residual risk
• Maintain oversight of the compliance obligation inventory and associated control mapping
• Define and monitor key risk indicators (KRIs) and compliance metrics
• Provide second line oversight of issue identification, root cause analysis, remediation planning, and sustainability
• Challenge remediation plans and validate adequacy of corrective actions
• Strengthen issue self-identification, reduce overdue issues, and improve remediation discipline
• Oversee regulatory issues, MRAs, audit findings, and compliance matters impacting Wealth
• Oversee first line monitoring, QA, and control testing frameworks
• Review results, identify trends, and escalate systemic risks
• Conduct targeted second line reviews and surveillance as needed
• Ensure alignment between compliance monitoring, audit outcomes, and risk assessments
• Support and participate in regulatory examinations, audits, and inquiries
• Review first line materials for regulatory readiness
• Provide independent compliance perspective in supervisory interactions
• Manage regulatory response coordination for Wealth-related matters
• Review and maintain compliance policies, standards, and guidance applicable to Wealth
• Support training development to strengthen first line risk ownership and compliance capability
• Act as a subject matter expert across Wealth compliance domains
• Support the Risk Management Strategic Plan, including three lines of defense maturity, compliance built-in mindset, risk ownership in the first line, and integrated risk governance
• Represent Compliance in enterprise forums, working groups, and committees
• Support compliance technology initiatives and GRC platform evolution

Requirements

• Bachelor’s degree or equivalent experience
• 5+ years experience in compliance, risk management, audit, or regulatory oversight
• Strong knowledge of wealth management, trust, investment, fiduciary, and advisory-related activities
• Experience in second line oversight, compliance advisory, or risk governance
• Ability to provide effective challenge and independent judgment
• Strong regulatory interpretation and analytical skills
• Excellent written and verbal communication
• Experience interacting with regulators and auditors
• Experience in an integrated wealth business (bank subsidiary, trust, RNDIP, investment advisory) preferred
• Knowledge of SEC, RIA, fiduciary, and RNDIP regulatory frameworks preferred
• Experience with compliance risk assessments and issue management preferred
• Professional certifications: CRCM, CIA, CFSA preferred
• Experience with GRC platforms, risk systems, and compliance analytics tools preferred

Benefits

• medical, dental, and vision coverage
• a 401(k) plan
• life, accident, and disability insurance
• flexible spending accounts (FSAs)
• health savings accounts (HSAs)
• wellness programs
• paid parental leave
• military leave
• vacation and other paid time off
• sick leave in accordance with applicable state laws
• paid holidays