Compliance Associate - Boston

Boston, MA | Direct Hire

Post Date: 07/26/2017 Job ID: 79082 Specialty: Legal & Compliance

Our client in Boston, MA is seeking a Compliance Associate to join their team. As the Compliance Associate, you will be responsible for supporting the CCRO in discharging their responsibilities relating to the compliance and risk management processes required by relevant regulatory requirements, applicable codes of conduct and minimum standards applicable to assigned business area. Apply today!

Responsibilities for the Compliance Associate:
  • Provide compliance management and oversight to the Wealth business in the design of policies and procedures
  • Perform compliance risk monitoring and testing in accordance with risk control matrix; develop testing parameters, scope, and exam processes/procedures; and complete detailed testing with complete work-papers
  • Prepare compliance reports for Management and Board/committees including summaries of key laws and regulations, analysis of data regarding risk and compliance trends as well as make recommendations based on findings
  • Assist in the review of and/or revise business narratives, risks and controls on corporate database and perform quarterly attestation as to the accuracy of documentation
  • Help facilitate examinations from state and federal regulatory examiners and Internal Auditors, including advance preparation and coordination of all information between various Bank and our departments and examiners
  • Coordinate corrective action to address staff and examiner/auditor findings, including development of written responses to examination issues and corrective actions
  • Assist with completion and submission of regulatory filings on an as needed basis
  • Assist in the development, drafting and updating of training materials and assist in the delivery of the training and efforts to increase compliance awareness
  • Maintain a high level of domain competency, including current regulatory and legislative developments for the Wealth business, best practices, industry and regulatory trends and required management oversight
Requirements for the Compliance Associate:
  • Bachelor’ s degree with preferred major in business, finance, accounting or economics
  • Advanced degree, especially a J.D., preferred
  • Demonstrated compliance or legal experience in positions of increasing responsibility working in the investment management and/or trust business in a banking/financial services institution, typically acquired with 4 years of experience
  • Strong knowledge of fiduciary laws and regulations (including ERISA), wealth advisory, trusts, wills, and estate planning and management
  • Working exposure to regulators (SEC, FDIC) strongly preferred
  • Ability to demonstrate leadership, to cultivate relationships with business counterparts and to promote compliance best practices throughout T&FS
  • Strong analytical skills with ability to memorialize outcomes in written memoranda and reports
  • Technology savvy with a strong knowledge working with Microsoft Office
  • Strong organizational skills with great attention to detail
  • Strong multi-tasking and prioritizing skills with the ability to meet deadlines
  • Excellent written and verbal communication skills
  • Strong interpersonal skills with a customer service focus
  • Ability to work independently and as part of a team
  • Must be eligible to work in the U.S. without sponsorship                      

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