Senior Manager - Risk and Compliance (WM)
Senior Manager - Risk and Compliance (WM)
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$ 125000 - 170000
1 Vacancy
Job Description
Salary Range: $125000-$170000
At Midland States Bank base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as (but not limited to) education skills internal equity and experience. This position offers additional compensation in the form of short-term incentives (i.e. bonus and/or commission) and may include long-term incentives (i.e. stock awards). Benefits for this role include comprehensive healthcare well-being benefits paid family leave as well as generous paid time off. Total Rewards also include banking perks an Employee Stock Purchase Plan 401K plan with company match and may include the opportunity to participate in our Non-Qualified Deferred Compensation plan. Incentives and benefits are subject to eligibility requirements.
Position Summary
The Senior Manager Risk and Compliance WM is responsible for leading all aspects of the risk management and compliance functions within the Wealth Management division. The incumbent is also responsible for planning and executing key strategic projects across the division. This position must help plan execute and monitor compliant implementation and ongoing risk oversight for RIA business model. Additional coordination with Trust leaders managing risk protocols within current Trust company. Position reports to Chief Operating Officer President of Midland Trust Company.
Primary Accountabilities
- Collaborate on the design and implementation of process to ensure minimized business risks while accommodating growth of the organization.
- Oversee business units quality assurance risk management and compliance programs.
- Responsible for surveillance tasks to verify the firms compliance with policies procedures governing documents and regulations.
- Create and maintain reports of risk management / compliance activities including remediation and exception reporting and KRIs to senior management.
- Maintain the WM Trust & Investment Policy manual including proposal of new policies edits to existing policies and ongoing recertification of existing policies.
- Leverage technology and champion change within business unit to improve end customer and employee experience and to improve operational excellence/efficiencies.
- Provide for continuity and growth of WM Risk Management department by fostering constructive culture and developing team members.
- Oversee WM business unit prepared regulatory reporting such as RC-T Statement of Condition KRI KPI etc.
- Serve as the named Chief Compliance Officer for any WM RIA or broker/dealer entity and serve as business unit liaison with Corporate Compliance and Information Security.
- Participate in long-range planning as a member of WM leadership team.
- The role requires occasional travel for training and team meetings and willingness to travel periodically to locations within market as needed.
- May require work in a Midland office to ensure collaboration and support of internal and external customers.
- Maintain compliance with all applicable regulations including but not limited to the Bank Secrecy Act (BSA).
- Other duties as assigned.
Position Qualifications
Education/Experience:
- Bachelors degree required.
- Minimum of 10 years of prior experience in trust or wealth management.
- Experience developing implementing and monitoring a risk-based compliance program to assure compliance with federal state agency legal and regulatory requirements or providing oversight to a compliance function.
- Prior experience in Registered Investment Advisor (SEC Investment Advisers Act of 1940) and/or brokerage compliance positions (FINRA) and/or with trust regulatory compliance.
- Experience assessing the adequacy of policies procedures and processes.
- Knowledge of WM operations and administration processes.
- Demonstrated success working in team environment.
- Ability to meet time constraints without constant supervision.
- Service oriented friendly and persuasive personality.
- Professionalism and courtesy in dealing with customer and bank employees.
- Effective communicator.
- High degree of accuracy with attention to detail required.
- Advanced industry training and/or certifications such as CFIRS or CRCM.
Competencies:
- Business insight
- Cultivates innovation
- Drives results
- Makes sound decisions
- Being a brand champion
- Collaborates
- Communicates effectively
- Customer focus
- Being Authentic
- Emotional Intelligence
- Self development
- Being flexible and adaptable
At Midland States Bank we believe that when we can bring our whole selves to work each day we become happier more comfortable more confident and more excited to do great things for our customers each other and our company. Were proud to be an Equal Opportunity and Affirmative Action employer. At Midland we recruit employ train compensate and promote without regard to race color religion gender gender identity or expression sexual orientation national origin genetics disability age or veteran status. If you are looking for a place to grow we encourage you to apply at Midland States Bank because you belong here.
If you require reasonable accommodation in completing this application interviewing completing any pre-employment testing or otherwise participating in the employee selection process please direct your inquiries to Midland States Bank Human Resources at.
THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT
Required Experience:
Senior Manager
Employment Type
Full-Time
