Compliance Manager - Trust Companies

Brown Brothers Harriman•New York, NY

7d•$140,000 - $190,000

About The Position

At BBH, Partnership is more than a form of ownership—it’s our approach to business and relationships. We know that supporting your professional and personal goals is the best way to help our clients and advance our business. We take that responsibility seriously. With a 200-year legacy and a shared passion for what’s next, this is the right place to build a fulfilling career. Serve as the Compliance Officer to two OCC regulated trust company subsidiaries of Brown Brothers Harriman & Co. that provide trust and estate administration services to ultra high net worth individuals and families, as well as to a Cayman Islands trust company that services offshore clients and institutional unit trust structures. The Compliance Officer will lead and manage the compliance program for each of the trust companies, including developing, implementing, and monitoring compliance with their respective policy and procedure manuals. The Compliance Officer will also conduct periodic tests for compliance with policies and procedures. The Compliance Officer is responsible for monitoring regulatory developments impacting the trust companies, providing day-to-day compliance support in the interpretation and implementation of policies and procedures, providing regular reports to senior management and the Boards of Directors, and serving as a key resource and contact for regulators and examiners. If you are looking to push your career to the next level, introduce yourself by submitting your resume.

Requirements

10+ years of relevant legal or compliance experience in a trust company, bank, or wealth management firm
JD strongly preferred
Familiarity with the regulations and oversight mechanims of the Office of the Comptroller of the Currency, including Reg 9 requirements, and the Cayman Islands Monetary Authority
Ability to interpret regulations and laws, distill and disseminate information among Compliance, Office of the General Counsel, and business owners
In depth experience reviewing and drafting compliance and operational policies and procedures
Experience with compliance testing, internal audit, or other forensic testing performed in support of a compliance program
Working knowledge of the interpretation and practical application of trust and estate document provisions, trust and estate law, investments and conflicts of interest provisions, and the legal framework of trust administration
Familiarity with institutional trust offerings such as reinsurance trusts and fund structures, and with the administration of other non-trust structures such as closely-held businesses
Experience with Board of Directors, Audit Committee, or other corporate governance bodies and related processes
Strong relationship management and influencing skills
Strong written and oral communication skills
Experience with Microsoft Office products, particularly Excel and Word

Responsibilities

Ensure all compliance, trust administration, and investment policies and procedures of the trust companies are accurate, current and in compliance with relevant laws and regulations.
Analyze regulatory trends and developments and determine the impact on compliance policies and standards.
Interpret and disseminate information on regulatory matters, interactions with regulators, and other applicable developments.
Prepare and distribute regular written compliance reports for the Boards of Directors, management committees, Trust Company Operations, and other stakeholders across the firm(s).
Make changes to policies, procedures, and ancillary documentation, as necessary, and proactively communicate developments to Trust Officers, Relationship Managers, and other internal and external constituents.
Identify compliance risks and exposures and recommend and own action plans to close control gaps.
Work with senior leadership to ensure the appropriate controls are included in business practices and workflows.
Collaborate with the broader Capital Partners compliance team, Core Compliance, and Global Financial Crimes Compliance to coordinate the adoption or implementation of firmwide policies and other elements of the BBH compliance program.
Coordinate regularly with other control groups such as Enterprise Risk Management and the Office of the General Counsel.
When necessary, review new client documentation and validate it is compliant with internal policies and external regulations.
Conduct mandatory and/or targeted compliance training for the business units.
Support and participate in internal and external examinations and audits, as required.