KeyBank · 5 months ago
Compliance Officer – Wealth Management and Trust Testing
Amherst, NY
Full-time
Hybrid
Mid Level
$71K/yr - $122K/yr
3+ years expKeyBank is a financial services company, and they are seeking a Compliance Officer for their Wealth Management and Trust Testing team. The role involves evaluating compliance with laws and regulations, conducting risk assessments, and developing monitoring strategies to ensure effective risk management processes.
Banking
Responsibilities
Serve on a team of risk evaluation and assurance professionals, working to provide an independent second-line-of-defense approach to risk-based monitoring and evaluation by focusing on current, high impact wealth management and trust-related compliance and operational risks, developing assessments, and providing input over control effectiveness through formal reporting, as well as monitoring remediation activities
Work independently and with a team on risk-based monitoring and evaluation activities, including risk assessment, monitoring and testing, analysis of findings, and reporting to ensure effective, sustainable risk management processes exist
Demonstrate a working knowledge of wealth management and trust products, services, and related regulations and the applicability to risk management strategies including the scoping of risk evaluations, monitoring, and design of testing plans
Utilize data analysis tools and techniques to analyze, quantify, and/or assess risks and to evaluate controls to identify potential weaknesses and/or control gaps
Clearly document the results or conclusions for testing performed in concise management reports and provide heightened awareness around significant risks and proactive identification, escalation, and remediation of control weaknesses or gaps
Review policies and procedures and associated compliance and risk programs to ensure consistency with current applicable banking and securities rules, regulations, and laws
Develop and maintain strong, collaborative relationships with mid to senior level management, other internal clients and peers, and internal audit
Qualification
Required
Education/Background: Bachelor's degree
Minimum 3 years of wealth management related (e.g. – trust/fiduciary, asset management, private banking, securities, etc.) compliance, risk management, and/or internal or external audit experience with a strong focus on risks and controls
Functional knowledge of wealth management products and services (e.g. – trust, private banking, securities/investment management) as well as trust/fiduciary related compliance, operations, and risk management strategies with respect to the execution of testing against applicable OCC regulatory expectations and pertinent regulations (e.g. – 12 CFR 9)
Demonstrated skill in effectively communicating (verbal and written) results to a diverse audience; ability to work with all levels of management with a focus on collaboration and relationship management
Strong interpersonal and collaboration skills; ability to work well in a team environment
High ethical standards, strong critical thinking, detective, analytical, and problem-solving skills
Autonomous, self-motivated, and flexible with the ability to adapt quickly to change or shifting priorities in a fast-paced environment
Preferred
Currently maintains or is actively pursuing relevant professional and/or industry sponsored certifications in wealth management, trust, and/or fiduciary risk management and/or compliance (e.g. - CFIRS (Certified Fiduciary & Investment Risk Specialist), CTFA (Certified Trust and Fiduciary Advisor), or similar)
Prior wealth management and trust (e.g. - e.g. – trust, private banking, securities/investment management) testing experience leveraging risk-based auditing techniques
Experience with data analysis tools and techniques including advanced concepts of Microsoft Word, Excel, and PowerPoint and/or other analytical software (e.g. – SAS, Tableau, ACL, etc.)
Experience working on projects or initiatives requiring strategic planning/thinking across multiple functional areas and business processes
Company
KeyBank
At KeyBank we’ve made a promise to our clients that they will always have a champion in us.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Chris Gorman
Chairman, Chief Executive Officer, and President, KeyCorp
Holly Santoro
Executive Administrator to the Chairman & CEO
Recent News
2023-08-28
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