Wealth Risk Officer

Old National Bank•Waconia, MN

22h•Onsite

About The Position

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving. We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

Requirements

Bachelor’s Degree in Finance, Business or related field preferred
3 years of experience in investment management, business administration, accounting, finance or retail banking.
Awareness or familiarity with auditing/examination techniques, applicable banking laws and regulations of bank trust/wealth management services, policies and procedures.
Excellent communication, presentation and interpersonal skills.
Proficiency in Microsoft Word, Excel and PowerPoint

Nice To Haves

Strong analytical, critical thinking and problem-solving skills.
Knowledge of financial products, systems, and compliance; regulatory environment and applicable trust/banking regulations
Must have strong interpersonal skills in order work collaboratively with Wealth Management team members, Corporate Risk/Compliance, and regulators to develop required policies and procedures.
Must be able to effectively communicate and train other Wealth Management team members on risk-related topics.

Responsibilities

Work within Wealth Management to ensure adherence to applicable regulations, laws, policies and procedures, including Personal Trust, Retirement Plan Services, Trust Operations, and Corporate Trust business lines.
Perform First Line of defense testing and monitoring to ensure key controls are working effectively, and identify and remediate exceptions.
Work closely with the Wealth Risk Manager on high priority projects and tasks.
Assist with coordinating internal and external audits and examinations.
Support Wealth Management investment and fiduciary team members with following all laws, regulations & fiduciary best practices.
Assist with the timely coordination of materials required for periodic examinations and audits.
Perform various new account testing, including reading and interpreting trust documents.
Perform various periodic monitoring and testing, statement delivery, asset security, etc.
Monitor and report Administrative Review Exceptions.
Approve and Monitor the Risk/Compliance Requests through Footprints/Get Support cases.
Monitor and report overdrafts.
Monitor and investigate potential OFAC hits.
Work collaboratively with Corporate Risk Management and second line of defense Compliance teams.
Serve as a subject matter expert on various Wealth Management committees.