Trust Compliance Manager

Our client is a growing regional bank that spans multiple cities on the East Coast. They're currently seeking an experienced Trust Compliance Manager to join their team in NYC.

Job Responsibilities:

1. Responsible for compliance and risk management for the Bank’s Investment Management Division/Trust Department
2. Monitor and ensure compliance with applicable federal and state fiduciary, securities, investment regulations, ERISA, FDIC and New York State Banking regulatory requirements, BSA/AML regulations and DOL reporting and filing requirements
3. Periodically review and monitor compliance with Trust department policies and procedures, including but not limited to fixed income and equity portfolio management, broker/dealers, securities trading and record keeping, account administration, collective investment funds and conflicts of interest
4. Ensure appropriate and effective policies are in place for all trust operational and investment processes
5. Review and approve all new portfolio/account openings to ensure all proper legal documents are obtained per internal policy and regulatory requirements
6. Coordinate preparation of compliance and risk management related oversight committee meeting materials to ensure timely and accurate reporting to oversight committees. Supervise investment and administrative account reviews to ensure significant issues are reported to oversight committees
7. Review the system of internal controls in place to safeguard trust assets as appropriate
8. Conduct compliance monitoring for internally managed fixed income and equity accounts for reporting to oversight committee meetings
9. Monitor the procedure for handling client complaints to ensure adherence to Bank-wide requirements
10. Conduct periodic training with Trust personnel concerning regulatory requirements
11. Responsible for assisting vendor management with Trust department vendors, which includes requesting quarterly compliance certification from sub-advisors, reporting results to management and oversight committees and evaluating the adequacy of due diligence on new Trust related vendors
12. Perform other duties as directed

Requirements:

1. Bachelor’s degree required
2. Minimum of 5+ years of trust compliance or other relevant financial services operational and compliance experience serving an institutional client base
3. Thorough knowledge of trading, investment management systems and operating platforms
4. Comprehensive knowledge of trust administration policies and procedures