Director, Investment Services Compliance

Webster Bank; Hamilton; On-site; CAD 164,000 - 200,000; Full time

Job summary

A leading commercial bank in Ontario is seeking a Director of Investment Services Compliance. The role involves ensuring compliance with banking regulations and overseeing investment and trust services. Candidates should have at least 7 years of experience in compliance and possess relevant licenses. This position offers a competitive salary ranging from $120,000 to $145,000 USD, along with incentive compensation.

Qualifications

• 7-10 years of experience in Compliance, Risk, or Audit in financial services.
• Strong knowledge of banking laws related to trust and investment activities.
• Current or recently inactive FINRA Series 7, 24, or 14 licenses.

Responsibilities

• Research federal and state banking and securities laws.
• Monitor changes in banking and securities regulations.
• Assist with compliance and risk assessments.

Skills

Compliance expertise in investment services

Knowledge of SEC laws and FINRA rules

Strong written and verbal communication skills

Advanced Microsoft Office skills

Project management skills

Analytical skills

Education

Bachelor’s degree or higher

Tools

Microsoft Excel

Microsoft PowerPoint

Microsoft Word

Job description

Overview

If you’re looking for a meaningful career, you’ll find it here at Webster. Founded in 1935, our focus has always been to put people first doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster’s values, these set us apart as a bank and as an employer.

Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!

Position Summary

The Director, Investment Services Compliance is responsible for assisting the Managing Director, Privacy Compliance and Investment Services with enhancing and maintaining a comprehensive compliance risk management program for, and for providing compliance support to and oversight of, the investment and trust services lines of business (LOBs). This includes, but is not limited to, assisting the LOBs in enhancing their ongoing oversight of service providers in accordance with regulatory requirements and expectations.

Key Responsibilities

• Researching federal and key state banking and securities laws and regulations, reviewing the bank’s related policies and procedures, and disseminating pertinent information to senior management and impacted LOBs.
• Monitoring changes in laws and regulations from federal banking and securities agencies applicable to the LOBs, products and services offered by or through Webster and its partners. Duties include conducting impact analysis, identification, and delivery of required training, and developing policies and procedures, where needed.
• Assisting in the completion of an annual risk assessment of relevant laws, rules and regulations.
• Assisting with carrying out compliance risk assessments, assessing inherent risk, control effectiveness and rationale for risk ratings.
• Developing metrics to monitor compliance and assist the first line in establishing related risk metrics.
• Assisting first line control officer(s) in developing review, reconciliation, and quality control processes.
• Support the development of new or modified products and services or new business initiatives for the offering or provision of investment and / or trust services.
• Review account disclosures, advertisements, and marketing materials to ensure that these materials comply with applicable regulatory requirements.
• Assist in the preparation of internal audit reviews and regulatory examinations.

Requirements

• Must have at least 7 - 10 years of cumulative experience in Compliance, Risk, or Audit in financial services with responsibility for investment and / or trust services.
• Candidates with degrees (Associates, Bachelor’s, and / or Master’s) required
• Strong knowledge of banking laws and regulations pertaining to trust and investment activities, with a focus on those related to bank holding companies and national banks
• Strong knowledge of SEC laws and regulations and FINRA rules and guidance
• Current or recently inactive (within two years) FINRA Series 7 General Securities, Series 24 General Securities Principal, or Series 14 Compliance Officer licenses
• Strong written, verbal, and communication skills, particularly for presentations
• Advanced Microsoft Office skills, including Excel, PowerPoint, and Word
• Knowledge of banking applications and systems, preferred
• Knowledge of banking products and services
• Effective project management and analytical skills
• Effective decision-maker

The estimated base salary range for this position is $120,000 USD to $145,000 USD. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.

L1-JS1

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.