Trust Compliance Coordinator

BancFirst Corporation•Oklahoma City, OK

2d•Onsite

About The Position

The Trust Compliance Coordinator is responsible for maintaining and monitoring the trust compliance program to ensure adherence to regulatory requirements and internal policies for trust and investment management accounts. This role involves working with business-line units to interpret and execute compliance issues, monitoring account administration, investment, and operational compliance across various trust services, and assisting with regulatory examinations and audits. The coordinator also serves as a liaison with internal audit, prepares financial reports, monitors compliance with specific regulations like the USA Patriot Act and Bank Secrecy Act, and acts as a point of contact for vendors.

Requirements

Excellent oral and written communications skills
Excellent personal computing skills including word processing and spreadsheet applications.
Bachelors degree in business, finance, accounting, economics, law, or more than 3 years of relevant experience.

Nice To Haves

In-depth knowledge of trust administration and applicable laws, rules, and regulations.
Knowledge of trust and investment management activities, products, and services.
Experience in trust or bank internal audit, trust or bank operations, or related experience.

Responsibilities

Maintain and monitor the “trust compliance program” for compliance with regulatory requirements and internal policies for trust and investment management accounts.
Work with Trust business-line units to interpret and execute various regulatory and compliance issues / projects, including Trust compliance program and Internal policies and procedures for trust and investment management accounts.
Monitor account administration, investment, and operational compliance for Corporate trust, Personal trust, Retirement services, and Investment management.
Assist in the coordination, monitoring, and follow-up reporting on Federal and State regulatory examinations, and Internal and external audits.
Serve as a secondary liaison with the BancFirst Internal Audit Group for trust-related audit matters.
Prepare quarterly and annual FFIEC – Call Reports – Schedule RC-T – Fiduciary and Related Services Reports.
Prepare and monitor “trust collateral reports” for Oklahoma State Banking Department.
Monitor USA Patriot Act and Bank Secrecy Act compliance for trust and investment management accounts.
Monitor daily overdraft, large balance reports, and other daily system reports.
Monitor “quarterly securities transaction reports” (FRB Reg. H) for compliance.
Serve on Trust Administrative and Investment Review Committees.
Serve as a point of contact for various vendors for tasks such as system reporting, troubleshooting, and tax reporting and document preparation.