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Director, Trust & Investment Management Compliance - Denver Colorado
Company: First Western Trust Location: Denver, Colorado
Posted On: 05/07/2024
First Western is seeking a Director, Trust & Investment Management Compliance to join our team! - Are you looking for a challenging and rewarding opportunity? First Western is seeking a passionate and experienced professional to join our team. As a -Director, Trust & Investment Management Compliance -at First Western, you will play a vital role in helping high-net-worth clients achieve their financial goals. You will work closely with our -Risk Management -team to deliver comprehensive solutions that exceed client expectations. If you are passionate about providing exceptional service to clients and are looking for a challenging and rewarding opportunity, we encourage you to apply for this position today. What You Will Do: - Research, analyze, interpret, and effectively apply trust-related laws and regulations, keeping up to date on emerging issues and topics.
- Verify compliance with related fiduciary requirements through reviews and tests of operational controls.
- Ensure the Bank meets investment-related fiduciary standards by reviewing the decision-making process used for the selection, retention, and preservation of discretionary assets.
- Assess whether financial risks embedded in account portfolios are appropriate, the timing and completeness of annual account reviews, and monitor fiduciary assets for trends and related risk exposures
- Verify adherence with applicable trust laws and regulations through detailed tests of new, closed, and existing trust accounts.
- Evaluate the account review process (Reg 9 Review Process/FDIC Fiduciary Review Process/ERISA) including the ongoing assessment of account-level risks.
- Review, test, and advise on Trust, IM, and Retirement account administration including adherence to the governing account instrument, needs of account beneficiaries, prudence in asset administration, avoidance of conflicts of interest, and appropriateness of fees.
- Assess, and conduct testing, for risk exposure and monitoring processes, including risk rating of accounts and watch list monitoring process, and other compliance issues, control weaknesses and their root cause, and meet with management to make recommendations for remediation of compliance risk and appropriate corrective action.
- Compose written reports containing findings, any corrective actions required, and recommendations for distribution to management, client-facing staff, and to various Trust, Compliance, and Risk Committees, as applicable and participate in various committees, audits, and examinations related to compliance and regulations
- Evaluate Trust (and related product) policies and procedures and make recommendations, as needed.
- Complete and Comply with the Companies Code of Ethics and Conflict of Interest Questionnaire and Policy Acknowledgement
- Complete all assigned training on time
- Embrace and adhere to First Western's Core Values
What You Bring: - |
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