Fiduciary Trust Compliance Officers
Salary $150000 - $175000 per year
Location New York
Consultant Lucky Nguyen
Date posted May 16, 2017
A bulge bracket investment bank is looking to add an additional compliance officer to their Private Banking Compliance group. This compliance officer will be looking after the fiduciary trust compliance program.
About the Fiduciary Trust Compliance Officer Position:
The team is looking for a compliance officer with an understanding of fiduciary and trust administration including the nature and characteristics of fiduciary account relationships, fiduciary responsibilities, alteration or termination of the trust, regulatory and compliance requirements. There is a strong preference for someone with experience as a trust compliance advisor or attorney.
- Providing compliance support to Trust, Custody and Investment Advisory private bank business lines
- Advising and consulting business/product management on relevant laws, regulations and firm policies and procedures
- Working with the business in the implementation of regulatory reform/rule change initiatives impacting the wealth management business
- Assisting with the implementation of a second level testing program, targeted reviews and monitoring of reports for effective investment advisory QA program
- Providing support and guidance for the investment advisory account acceptance of investment guidelines & restrictions and input of investment restrictions into system
- Working with the Communication Trade Surveillance Team daily monitoring of investment restriction breaches
- Working with the Investment Advisory business on developing a quality assurance program to assess compliance with established standards
- Providing advisory support to trust officers, wealth planners, portfolio managers and portfolio analysts
The ideal candidate will have experience dealing with fiduciary trust and estates from a well established firm. There is tremendous growth in this position and the hiring manager for this role is a strong practitioner in this field.
This investment bank is a well known recognizable brand in the industry and is looking to add to their compliance program.
If you are a driven and motivated compliance officer, this role is for you.
Feel free to call me, Lucky Nguyen, on 212-704-9900