Director, Asset Management Testing

Location:

Job Description

As part of Keys second-line-of-defense Compliance Risk Management function the Risk Evaluation and Assurance Program (the REA Program) has the responsibility for leading the strategy and execution for testing designed to evaluate Keys ongoing compliance with applicable laws and regulations across Keys Asset Management activities (i.e. wealth management and trust broker-dealer and swap dealer) and lines of business products and functional activities. This individual leads the strategy design and oversight of the teams that perform testing and continuous monitoring of Asset Management engagements to evaluate Keys compliance with regulatory requirements. The Director must have comprehensive knowledge of wealth management fiduciary/trust broker-dealer and investment management as well as a strong understanding of audit and/or testing concepts with the ability to apply those to testing monitoring issues management and verification activities. The Director must exhibit strong leadership initiative and agility as well as a passion for continuous learning and challenging the status quo. The ideal candidate will have experience leading a team of Asset Management testing or compliance professionals strong knowledge of the applicable regulations and be skilled at developing and overseeing testing strategies and teams that execute testing and monitoring activities. This role requires the ability to demonstrate leadership across various lines of business and proactively and productively coordinate with other groups within Key including the lines of business other risk management teams and internal audit.

Essential Job Functions

• Oversee all aspects of the Asset Management testing program including providing strategic direction to the testing teams related to program design methodology execution and reporting as well as leading the engagement of line of business senior management and risk management partners in ongoing design execution and continuous improvement of the testing program.

• Plan direct and provide oversight of independent second-line-of-defense risk-based monitoring and evaluation activities including risk assessment monitoring and testing analysis of findings and reporting to ensure effective sustainable risk management processes exist.

• Demonstrate subject matter expertise in testing and comprehensive knowledge of applicable asset management related regulations and laws industry trends emerging issues operations and related banking products and ability to understand the applicability to risk management strategies including the scoping of risk evaluations monitoring and design of testing plans.

• Utilize advanced knowledge of data analysis methodologies and techniques to lead a team of testing professionals in the design and application of data-driven testing to discover and quantify patterns trends anomalies and/or insights critical to evaluating controls and identifying potential weaknesses.

• Assist Compliance Executive with the ongoing design development and implementation of the REA Program including the testing plan/schedule testing methodology ongoing monitoring and strategic initiatives to ensure the Banks policies and procedures are consistent with applicable regulatory requirements and expectation and industry best practices.

• Responsible for the management and development of staff providing ongoing coaching and driving quality of work for the team while ensuring any issues or material breaches of applicable laws rules policies or standards with an actual or potential compliance risk impact are appropriately identified escalated remediated and validated.

• Maintain awareness of emerging issues bank-wide initiatives and industry trends to be forward thinking and innovative in executing testing engagements and ongoing monitoring to identify process and control improvement opportunities.

• Serve in a senior leadership capacity for all Asset Management related testing activities and outcomes including responding to line of business or stakeholder inquiries; issue identification communication and management and ongoing communication/reporting of program strategies and results to senior leadership and/or applicable governance committees.

• Develop and maintain strong collaborative relationships with mid to senior level management other internal clients and peers internal audit industry peers and regulatory examiners.

Required Qualifications

• Education/Background: Bachelors degree required

• Minimum of 10 years of compliance risk and/or audit experience serving in a management capacity with a strong focus on risks and controls and risk-based auditing and/or testing techniques.

• Demonstrated in-depth knowledge of asset management products and services (e.g. trust/fiduciary private banking securities/investment management capital markets) compliance operations and risk management strategies with respect to applicable regulatory expectations and pertinent regulations (i.e. 12 CFR 9 ERISA Securities Acts of 1933 and 1934 FINRA Requirements etc.) required to lead a team in the design and execution of testing.

• Effective communication skills (verbal and written) to deliver results to a diverse audience; ability to work with all levels of management with a focus on collaboration and relationship management.

• Advanced analytical skills specifically with utilizing data analysis tools and techniques including advanced concepts of Microsoft Word Excel and PowerPoint and/or other analytical software (e.g. SAS Tableau ACL etc.) to effectively lead a team with the design and overall execution of testing.

• Strong interpersonal and collaboration skills; ability to work well in a team environment.

• High ethical standards strong critical thinking detective analytical and problem-solving skills.

• Autonomous self-motivated and flexible with the ability to adapt quickly to change or shifting priorities in a fast-paced environment.

• Experience working on projects or initiatives requiring strategic planning/thinking across multiple functional areas and business processes.

Preferred Qualifications

• Currently maintains relevant professional and/or industry sponsored certifications in wealth management trust investment management and/or fiduciary risk management and/or compliance (e.g. - CFIRS (Certified Fiduciary & Investment Risk Specialist)CTFA (Certified Trust and Fiduciary Advisor) or similar).

• Comprehensive knowledge of the operational technical and functional structure of financial services organizations banking systems and compliance programs obtained through prior roles in wealth management trust or fiduciary services risk management compliance or testing (e.g. second-line-of- defense testing other risk or compliance testing functions and/or internal or external audit).

• Possess a working knowledge of capital markets products operations and risk management practices and the Dodd Frank Act especially the Volcker Rule.

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $140000 to $165000 annually depending on location and job-related factors such as level of experience. Compensation for this role also includes eligibility for short-term incentive compensation and deferred incentive compensation subject to individual and company performance.

Please click here for a list of benefits for which this position is eligible.