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U.S. Trust - Regional Compliance Advisor : 1000029915 Job Details

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U.S. Trust - Regional Compliance Advisor : 1000029915 (Ref: 1000029915)
Sector, Sub Sector: Other
Compliance Type: Regulatory/Compliance
Expertise: -
Company: Bank of America
Location: New York, US-MA-Boston , New York Americas, United States
Employment Type: Permanent
Job Description:


Specific Line of Business



As a member of the U.S. Trust compliance team, this position provides regional compliance support for U.S. Trust operations, ensuring products, services and operational processes comply with all applicable local, state and federal laws and regulations, and sound fiduciary principals.



Key responsibilities will include:

  • Act in an advisory role, assisting the line of business in identifying and managing regulatory requirements and compliance risk
  • Develop, enhance and implement surveillance programs for various products and services administered within a designated U.S. Trust region(s)
  • Advise line of business on the development of controls and surveillance programs to reduce potential liability related to business, operational, regulatory and reputational risk
  • Assessing risk within trust operations processes and functions, including performance of functional reviews of operational controls
  • Report and track issues identified in self assessments, as well as issues identified via Audit and/or outside regulatory agencies (e.g. OCC, Federal Reserve, etc)
  • Assist in projects related to U.S. Trust operations
  • Monitor, review, interpret and assist in the implementation of new or revised rules and regulations
  • Serve as liaison to regulatory examiners and internal auditors, including advance preparation and coordination of information
  • Regulatory follow-up with line of business and examiners/auditors on findings
  • Develop written responses to examination/audit issues and help design and implement corrective actions



General Description



TO BE USED IN GLOBAL RISK MGMT ONLY - Implements and manages compliance programs for one or more business groups in GWIM. Exercises judgment and influences business managers and peers to ensure enforcement of compliance programs, balancing business strategy with appropriate risk management controls. Contributes to the development, implementation and communication of Corporate Compliance's mission, goals and strategies. May manage other associates.

Qualifications


"Must" have these skills to be minimally qualified.

  • Bachelor's Degree
  • 5+ years of successful experience in trust and general fiduciary operations, compliance and risk management
  • Working knowledge of trust and general fiduciary laws and regulations
  • Experience with trust and fiduciary systems, technology and operations
  • CSOP, CTFA, CTCP or CFIRS certification preferred
  • Excellent verbal and written communication skills
  • Ability to manage multiple projects and deadlines simultaneously
  • General securities compliance or related work experience a plus
Job Ref No: 1000029915