Compliance Officer, Retirement Plan Services (RPS), South Bend, IN
About The Position
Responsible for ensuring retirement plans are compliant with DOL and IRS regulations. This role involves reviewing trust instruments and benefit plans to determine the bank’s responsibility as trustee. The Compliance Officer will consult with external customers, including corporate officers, attorneys, actuaries, and beneficiaries, concerning account preparation, document review, and general account supervision and servicing. Additionally, they will consult with internal customers such as investment, operations, and trust personnel to resolve specific account record-keeping and transaction processing issues. The position requires periodic review of accounts to ensure conformity with current customer needs and objectives, recommending and making changes as appropriate. The Compliance Officer will answer questions from all levels of customer companies regarding the administration of employee benefit accounts, review and recommend new account applications, and stay informed of pending and changed legislation and regulations impacting the employee benefit trust field. Assistance will be provided in reviewing existing plans and suggesting worthwhile alternatives to satisfy customer needs. Regular and predictable attendance is an essential requirement, as is the completion of all compliance training related to the position. The employee must understand and comply with all applicable laws and regulations.
Requirements
- Working knowledge of ERISA and related regulations required.
- Extensive experience with Relius required.
- Knowledge of basic software applications (Word, Excel, PowerPoint, Adobe Acrobat, Internet).
- Good written and verbal communication skills.
- Ability to work with all different departments and business entities.
- Ability to prioritize.
- Strong time management skills.
- CRSP, QKA or QKC license required.
Nice To Haves
- Five (5) to eight (8) years of related experience preferred.
- Working knowledge of investments preferred.
- Bachelor’s Degree preferred.
Responsibilities
- Reviews trust instruments and benefit plans to determine the bank’s responsibility as trustee.
- Consults with external customers (i.e., corporate officers, attorneys, actuaries, beneficiaries, etc.) concerning account preparation, document review and/or general account supervision and servicing.
- Consults with internal customers (i.e., investment, operations and trust personnel) on the resolution of specific account record keeping and transaction processing issues.
- Reviews accounts periodically to ensure their conformity to current customer needs and objectives recommending and making changes as appropriate.
- Answers questions from all levels of customer companies relating to the administration of employee benefit accounts.
- Reviews and recommends new account applications.
- Keeps informed of pending and changed legislation and regulations impacting the employee benefit trust field.
- Provides assistance in reviewing existing plans and suggesting worthwhile alternatives to satisfy customer needs.
- Responsible for the completion of all compliance training related to the position.
- Understands all applicable laws and regulations that apply to the position and complies with the requirements.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
