Corporate Trust Compliance Senior Analyst

UMB Bank•St. Louis, MO

About The Position

UMB’s Corporate Trust Compliance team supports the Corporate Trust group by reviewing CIP related to initial client onboarding processes, monitoring and ensuring compliance with regulations, and producing account summaries and reports as needed. This team is essential to our success in ensuring UMB follows the proper procedures to avoid any potential risk, and therefore mitigating any losses that could be incurred by UMB. The Corporate Trust department within Institutional Banking has a variety of compliance functions which require a working knowledge of Corporate Trust documents, products and procedures. This position will create, monitor, and analyze various reports for use by CT Management to limit risk and ensure department procedures and best practices are implemented. The position will also include oversight of the First Line of Defense (FLOD) program for Corporate Trust and include the testing and monitoring of various FLOD Quality Control items associated with the program, along with support for any Corporate Trust audit or exam. Working in the Corporate Trust Compliance team can be exciting, challenging, collaborative, and goal oriented. The team is spread out across the UMB footprint and therefore each analyst works independently to meet individual review goals. However the team meets regularly as a group via video conference and focuses on a team culture of constant sharing, connecting, and partnership. There is always a partner ready to help. The Corporate Trust Compliance team is also part of the overall Corporate Trust team and participates in regular department meetings, training sessions provided, and team building activities.

Requirements

Bachelor's degree or equivalent work experience
Five (5) years' work experience in Corporate Trust or related area

Responsibilities

Complete and manage regularly scheduled testing for First Line of Defense program and report results to senior management and Bank Compliance.
Participate in and provide support during regulatory exams, internal audits, and reviews by coordinating, compiling, and producing requested documentation and files.
Test compliance with specific procedures and conduct periodic audits of existing corporate trust accounts, reviewing compliance with document provisions and department provisions and report testing results to CT Compliance Manager and/or Department Manager.
Make recommendations to management on changes to administrative or new business policies and procedures and assist with the implementation of new or revised procedures.

Benefits

Paid Time Off
a 401(k) matching program
annual incentive pay
paid holidays
a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage
health savings, flexible spending, and dependent care accounts
adoption assistance
an employee assistance program
fitness reimbursement
tuition reimbursement
an associate wellbeing program
an associate emergency fund
various associate banking benefits