Trust Compliance Associate

Wintrust•Chicago, IL

7d•Onsite

About The Position

Wintrust Wealth Management serves the financial needs of private clients, including high net worth individuals, business owners, and institutions. Since our founding in 1931, we have been helping clients meet their increasingly complex financial goals with the highest standards of service and integrity. Through our four companies, Wintrust Investments LLC, Wintrust Private Trust., Great Lakes Advisors LLC, and The Chicago Deferred Exchange Company LLC, we offer comprehensive wealth management solutions, including investment, trust, and asset management services. Wintrust Wealth Management is a division of Wintrust, a financial services company with more than $62 billion in assets. As a self-motivated team player, the Compliance Associate is responsible for supporting one or more Compliance Officers, by performing a wide variety of duties to ensure the trust company follows all regulations governing fiduciary activities and help mitigate risk in the business.

Requirements

Bachelor’s degree preferred
1 to 3 years in a supporting role in financial institution or regulator is preferred.
Organized with ability to prioritize tasks
Ability to clearly articulate issues, problems, solutions, concerns, and other information in verbal and written communications
Maintains strict confidentiality and adheres to the highest ethical standards
Ability to multitask, follow instructions, and have a keen attention to detail and accuracy
Team player
Exceptional communication skills (written and verbal) with internal partners and stakeholders.
Excellent Microsoft Office suite skills particularly Excel

Nice To Haves

Trust knowledge is a plus.
BSA/AML/OFAC knowledge is a plus.

Responsibilities

Assist in monitoring day-to-day compliance with federal and state trust regulations, including applicable banking laws and fiduciary standards.
Complete daily and weekly tasks, including assembling regular management information systems reports for reporting.
Participate in Compliance Monitoring and Testing responsibilities, as assigned.
Conduct periodic account reviews to identify potential compliance exceptions or documentation gaps and oversee remediation of any identified issues.
Participate in periodic monitoring and testing of policies and procedures.
Gather and organize documents during internal audits and regulator examinations.
Contribute to completion of various compliance related risk assessments for the business.
Performs other duties as assigned by the Compliance Team Lead from time to time.