Director of Compliance

Salem - USA

Monthly Salary: Not Disclosed

Posted on: 30+ days ago

Vacancies: 1 Vacancy

Job Summary

JOB DESCRIPTION:

Company: Hemenway Trust Company LLC (Investments / Wealth Management arm of Hemenway & Barnes LLP)

Position: Director of Compliance

Location: 23 Keewaydin Drive Suite 400 Salem NH 03079 / Hybrid (3 days onsite / 2 days remote)

Duration: Full-Time Permanent

Salary: $180000 - $200000/Annual

Benefits Package Includes:

Medical dental and vision insurance
Flexible Spending Account (FSA) & Lifestyle Spending Account (LSA)
401(k) with 3% company contribution discretionary 5% profit sharing (after 1 year of service)

Generous paid time off:

4 weeks vacation (1 week carryover allowed)
2 weeks sick time (carryover up to 70 hours annually)
2 personal days
10 12 paid holidays annually

About the Company

Hemenway Trust Company LLC is the wealth management and investments arm of Hemenway & Barnes LLP a prestigious Boston-based law firm established in the late 1800s. Hemenway Trust was founded in 2010 and has 10 15 employees with plans for significant growth and expansion in the coming years. The firm provides trust administration wealth management and fiduciary services to individuals families and institutions.

Position Overview:

We are seeking an experienced Director of Compliance to oversee all aspects of regulatory compliance trust operations and risk management. This is a senior leadership role requiring deep expertise in trust administration financial regulatory compliance and team leadership.

The Director of Compliance will act as a key advisor to senior management ensuring the company complies with all federal and state regulations including the Bank Secrecy Act (BSA) and anti-money laundering (AML) rules. This leader will also mentor trust administration staff manage compliance reviews and risk assessments and serve as liaison to governance committees.

Key Responsibilities:

Lead all compliance programs including BSA AML OFAC Patriot Act and Customer Identification.
Develop update and maintain compliance policies procedures and risk assessments.
Monitor financial transactions investigate suspicious activities and file Suspicious Activity Reports (SARs) when required.
Provide legal and compliance guidance to senior leadership and internal committees.
Mentor and oversee trust administrators ensuring accounts meet fiduciary and regulatory standards.
Oversee annual account and investment reviews.
Prepare compliance reports for senior management and regulators.
Design implement and deliver compliance training programs for staff.
Act as liaison to internal governance committees including preparing meeting agendas and minutes.
Serve as signing authority for discretionary payments and approvals.

Qualifications:

10 years of experience in trust administration and financial regulatory compliance including leadership/managerial roles.
Deep knowledge of BSA AML OFAC Patriot Act and related financial regulations.
JD (law degree) or CTFA (Certified Trust and Fiduciary Advisor) credential required.
Proven ability to mentor manage and lead teams.
Strong analytical communication and problem-solving skills.
Must be able to commute to Boston office as needed (estimated 1 2x per quarter).

Reason for Opening:

Internal promotion (previous Director promoted within the organization).

Additional Company Information

Small but growing firm: 10 15 employees with entire office space available for expansion.
Strong track record of employee growth and internal promotions.
Website:
Parent Company Website:

JOB DESCRIPTION: Company: Hemenway Trust Company LLC (Investments / Wealth Management arm of Hemenway & Barnes LLP) Position: Director of Compliance Location: 23 Keewaydin Drive Suite 400 Salem NH 03079 / Hybrid (3 days onsite / 2 days remote) Duration: Full-Time Permanent Salary: $1800...