Wealth Management Compliance Specialist I

First Citizens Bank (Iowa) • Mason City, IA

3d

About The Position

We believe solid planning requires special expertise and a team approach. Our team includes individuals with financial planning, investment management, tax and legal expertise, dedicated to working with our clients to plan, grow and protect legacies across generations. The Wealth Management Compliance Specialist II serves as an independent compliance and internal control resource for the Wealth Management Department. This role is responsible for executing compliance monitoring, testing, documentation, and reporting activities designed to validate adherence to applicable laws, regulations, and internal policies and procedures. The position supports regulatory examinations, audits, and internal risk management efforts under the oversight of departmental leadership. This role serves as a limited operational backup during designated coverage periods to support business continuity; however, its primary responsibility remains compliance oversight, monitoring, reporting and escalation.

Requirements

• Integrity/Confidentiality Demonstrates the ability to hold confidential information and displays honesty and high ethical standards.
• Team Skills Works together with a group of people to coordinate and help each other in daily tasks.
• Attention to Detail/Accuracy Is careful, exact, and free from mistakes and errors. Adheres closely to a set of standards.
• Verbal/Written Communication Skills Provides information to customers outside the organization, supervisors, co-workers, and subordinates clearly and concisely in writing, by telephone or through e-mail.
• Initiative Exhibits the action of taking the first step such as originating new ideas or ability to think and act without being asked.
• Problem Solving Analyzes information and evaluates results to choose the best solution and solve problems.
• Organizing, Planning & Prioritizing Work Develops specific goals and plans to prioritize, organize, and accomplish work.
• Adaptability Adjusts quickly to different work situations and remains composed under pressure and in stressful situations.
• Action –Oriented/Productivity Completes tasks and assignments in a timely manner that meets defined goals/deadlines.
• Bachelor’s degree preferred.
• Minimum 3 years trust, wealth management, banking, financial services, accounting or legal experience required.
• Ability to interpret rules, regulations, policies and procedures and apply them to business practices.
• Skill in performing basic mathematical principles (such as addition, subtraction, multiplication, division, decimals) in account transactions.
• Strong analytical, organizational, and documentation skills.
• Proficient in Microsoft Word, Excel, and Outlook and ability to adapt to new technologies.
• Basic understanding of accounting principles, investments and fiduciary administration.
• High level of professionalism, discretion, and attention to detail.

Responsibilities

• Regulatory Compliance & Monitoring: Conduct periodic compliance testing and reviews of accounts, including both monthly data entry and periodic unscheduled testing. Performs risk-based reviews of accounts, transactions, and documentation. Completes second reviews of both open and closed accounts on the Trust Accounting system. Conducts periodic review of adherence to applicable laws and regulations and internal policies and procedures. Completes second review of daily transactions and other review of operational activities as assigned. Escalates control weaknesses and regulatory concerns to Department leadership.
• Examinations, Audits, & Reporting Supports regulatory examinations and internal/external audits by gathering documentation, responding to inquiries, and tracking remediation items. Assists in preparing compliance reports for senior management and committees. Maintains accurate compliance records, logs, and documentation. Assists with completion of RC-T reporting. Assists with Regulation R computation. Assists with testing of internal controls as identified in Annual Risk Assessment. Assists with review of tax form generation, review and reporting.
• Operations Specialist Backup: Serves as a trained backup for core Operations functions to ensure continuity of daily operations during absences, peak workload periods, or business disruptions. Maintains working knowledge of Trust Accounting and related operational systems sufficient to provide temporary operational support and identify potential control or process issues. Supports segregation of duties by documenting when backup operational activities are performed and coordinating appropriate secondary review. Participates in cross-training to remain current in Operations Specialist procedures, system changes and workflow updates.
• Maintains client confidence and protects FCB’s operations by keeping information confidential.
• Contributes to Wealth Management team effort by supporting positive and professional work environment.
• Participates in projects to advance Department and bank-wide objectives.
• Participates in civic and community activities to generate visibility and contact for the company.
• Assists in training new team members on operations, policies and procedures.
• Contributes to team effort by accomplishing related results as needed.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level