Sr. Associate, Wealth Testing

First National Bank of Omaha•Omaha, NE

4d•Onsite

About The Position

As a Senior Associate, Wealth Compliance Testing you will lead a key second line of defense role, to independently evaluate corporate initiatives and departmental processes for compliance with the complex regulatory requirements, and corporate policies applicable for Non-Deposit Investments, Personal Trust, Institutional Trust, Retirement Plan Services, Retail Brokerage and Advisory Services and Registered Investment Advisory products and processes at FNBO. You will be charged with providing guidance to team members, executing and validating risk-based testing to ensure business line controls are designed appropriately and operating as intended. Additionally, you’ll be tasked with driving the ongoing evolution of wealth compliance testing as we identify ways to automate and expand testing and monitoring activities. Finally, you will support business unit initiatives and regulatory implementations through serving as a SME lead for wealth management related projects.

Requirements

At least 5 years in trust, investment management, wealth management operations, or financial services risk management, specifically within audit or an analytical discipline, or other relevant banking experience
Working knowledge of Regulation R, ERISA, Internal Revenue Code, the Investment Advisers Act and the expectations of Fiduciary Activities of National Banks under 12 CFR Part 9 and related regulations
Strong written and verbal communication and presentation skills, including heightened ability to translate complex information into comprehensive and concise test results and recommendations
Strong analytical skills with high attention to detail and accuracy
Advanced in MS Office Suite (Excel, Word, Power Point etc.)
Experience building consensus, gaining buy-in, and addressing complex issues within all levels of an organization
Candidates must possess unrestricted work authorization and not require future sponsorship.

Nice To Haves

Bachelor’s degree or equivalent work-related experience.
Six or more years of experience within a mid-size or large financial institution executing testing within functions such as Compliance, Risk, Audit, or a Regulatory Agency.
Advanced data analytics including use of AI
Certified Investment Risk Specialist (CFIRS) or ability to obtain within three years

Responsibilities

Developing the steps needed to test and/or analyze compliance with complex policies/procedures and laws/regulations.
Conducting appropriate, independent testing to ensure operational risks are mitigated and compliance requirements are adhered to.
Preparing detailed and objective work papers to support conclusions.
Reviewing issues and findings to provide effective challenge and quality of supporting documentation.
Performing complex qualitative analysis of data.
Identifying potential control weaknesses and identifying opportunities to remediate issues.
Managing various ad-hoc requests for information related to testing, including requests from internal Auditors and Examiners (e.g. OCC or CFPB).
Serving as a resource to team members on escalated issues.
Building, developing, and maintaining strong relationships with business and internal control partners (Business, Audit, Risk & Compliance, Legal) to facilitate collaboration between all lines of defense for testing.
Providing effective credible challenge to business partners and first-line risk partners in relation to how risk is being managed and mitigated.
Maintain and enforce requirements for project documentation.