Wealth Compliance Analyst

Loans•Bedminster, NJ

About The Position

The Wealth Compliance Analyst supports the Wealth Compliance team in administering the compliance and risk-management program for Peapack Private Wealth Management and PGB Trust & Investments of Delaware. The role performs assigned reviews, maintains accurate records and tracking tools, and escalates compliance, fiduciary, onboarding, and anti-money-laundering concerns. This is a developmental role that works under the direction of the Wealth Compliance Officer and senior compliance personnel. The ERM/Compliance department oversees the risk profile of the bank and its subsidiaries to ensure performance aligns with the bank’s risk appetite. It identifies, assesses, mitigates, monitors, and reviews key risks, and periodically updates board risk committees on those risks and significant changes.

Requirements

Two to four years of relevant experience in financial services, banking, wealth management, audit, risk, operations, or compliance preferred; relevant internships, coursework, or comparable experience will be considered.
Interest in fiduciary, wealth-management, banking, and anti-money-laundering compliance.
Proficiency in Microsoft Office, including Excel, Word, PowerPoint, and Outlook.
Ability to organize account documentation, identify missing or inconsistent information, and maintain clear workpapers.
Strong written and verbal communication skills, sound judgment, attention to detail, and discretion in handling confidential information.
Ability to manage multiple assignments, meet deadlines, and work effectively both independently and as part of a team.
An associate or bachelor’s degree in business, finance, accounting, risk management, legal studies, or a related discipline is preferred. Relevant financial services, banking, wealth-management, compliance, audit, or operations experience may be considered in lieu of a degree.

Nice To Haves

Experience with client onboarding, KYC/CDD, AML monitoring, trust or estate administration, brokerage operations, or compliance testing.
Familiarity with bank fiduciary activities, Regulation 9 concepts, or BSA/AML and OFAC compliance.
Experience with financial services platforms or case-management, workflow, and document-management systems.

Responsibilities

Conduct review and disposition of assigned Actimize AML and sanctions-screening alerts in accordance with established procedures and required timeframes.
Promptly escalate potentially unusual activity, possible true matches, and other identified concerns to the Wealth Compliance Officer and, as appropriate, the BSA Department for further review and disposition.
Perform assigned compliance testing and monitoring reviews in accordance with approved programs and procedures.
Document testing results and maintain supporting workpapers.
Identify potential exceptions or anomalies and escalate them to the Wealth Compliance Officer for review and disposition.
Support the review of new and existing Wealth Management relationships, including account documentation, client due diligence, risk-rating support, and escalation of potential concerns.
Lead periodic enhanced due diligence reviews for elevated-risk Wealth clients, including research, documentation collection, review scheduling, tracking, and escalation of potential concerns to the Wealth Compliance Officer.
Provide documentation and administrative support to the Wealth Compliance team, as assigned.
Work collaboratively with Wealth Advisors, Client Service Officers, Trust Administration, Operations, BSA/AML, Risk Management, and other internal partners.
Perform other compliance and risk-management duties, as assigned.
Respond effectively to changing priorities and business needs with agility and adaptability.
Continuously seek to improve and grow by demonstrating curiosity and a learning mindset.
Use AI and technology tools responsibly to enhance productivity and decision-making.
Demonstrate ownership and critical thinking, using sound judgment to solve problems and deliver results.
Provide thoughtful, proactive, and personalized service in every interaction.