Trust Compliance and Risk Officer - New York, United States - Amalgamated Bank of NY

Amalgamated Bank of NY

Verified Company

New York, United States

1 week ago

Posted by:

Mark Lane

beBee recruiter

Description

Amalgamated Bank is seeking a Trust Compliance & Risk Officer to be responsible for the Compliance and Risk Management Program for the Bank's Investment Management Division/Trust Department and compliance with applicable federal/state laws and regulations, contractual obligations and internal Trust department policies

By joining our team, you'll be joining a Bank that believes that that maintaining a diverse and inclusive workplace where everyone feels valued and respected is essential for us to grow as a company.

We are dedicated to building a more equitable world in our everyday practices by embracing the values of our employees and customers.

Essential Job Functions:

Responsible for compliance and risk management for the Bank's Investment Management Division/Trust Department
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
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
Ensure appropriate and effective policies are in place for all trust operational and investment processes
Review and approve all new portfolio/account openings to ensure all proper legal documents are obtained per internal policy and regulatory requirements
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
Review the system of internal controls in place to safeguard trust assets as appropriate
Conduct compliance monitoring for internally managed fixed income and equity accounts for reporting to oversight committee meetings
Monitor the procedure for handling client complaints to ensure adherence to Bankwide requirements
Conduct periodic training with Trust personnel concerning regulatory requirements
Responsible for assisting vendor management with Trust department vendors, which includes requesting quarterly compliance certification from subadvisors, reporting results to management and oversight committees and evaluating the adequacy of due diligence on new Trust related vendors
Perform other duties as directed

Knowledge, Skills and Experience Requirements:

Bachelor's degree or equivalent experience
Minimum of 7 + years of trust compliance or other relevant financial services operational and compliance experience serving an institutional client base
Thorough knowledge of trading, investment management systems and operating platforms
Comprehensive knowledge of trust administration policies and procedures
Excellent verbal/written communication and supervisory skills
Proficient working knowledge of MS Office

Amalgamated Bank is an Equal Opportunity and Affirmative Action Employer, Minorities / Females / Individuals with Disability / Veterans. AmeriCorps, Peace Corps and other national service alumni are encouraged to apply. View our Pay Transparency Statement. Submission of a resume or any information regarding your qualifications does not constitute a promise or offer of employment.

At Amalgamated Bank, we consider an applicant to be someone who has interviewed at least once, in person, with the hiring manager.

Amalgamated Bank does not sponsor applicants for work visas.