CHIEF COMPLIANCE OFFICER - EDWARD JONES BANK

Edward Jones; San Diego (CA); On-site; USD 90,000 - 150,000; Full time

Job summary

An established industry player is seeking a Chief Compliance Officer to lead compliance initiatives for a newly chartered bank. This pivotal role involves designing and operating a comprehensive compliance management system while collaborating with senior leadership to ensure adherence to regulations. The ideal candidate will have extensive experience in retail bank compliance, including senior management, and a deep understanding of banking regulations. Join a firm that values collaboration and innovation, and make a meaningful impact in a dynamic environment committed to client service and community betterment.

Benefits

Medical, dental, and vision insurance

401k plan

Paid holidays and vacation

Life insurance

Disability coverage

Health savings accounts

Bonus opportunities

Qualifications

• 10+ years of retail bank compliance experience, including senior management roles.
• Strong knowledge of federal and state banking regulations.

Responsibilities

• Establish and maintain a comprehensive compliance management system.
• Serve as a trusted advisor on the Bank President's leadership team.

Skills

Retail bank compliance experience

Senior management experience

Experience with enterprise GRC tools

Knowledge of federal and state banking regulations

Compliance training experience

Understanding of banking operations

Familiarity with consumer regulations

Education

Bachelor's degree in Finance or related field

Certified Regulatory Compliance Manager designation

Tools

Enterprise GRC tools

Job description

Want a meaningful career where you can make a difference? Edward Jones sounds perfect for you.

Collaboration. Autonomy. Opportunity. Words our headquarters associates use when talking about working at Edward Jones. Words that describe what it's like being part of a firm where everyone is aligned toward a singular focus: serving the client. And everyone is working to make the firm better together — as they grow as individuals. If these words resonate with you, we should talk.

Job Overview

Position Schedule: Full-Time

This job posting is anticipated to remain open for 30 days, from 28-Apr-2025. The posting may close early due to the volume of applicants.

Location: SALT LAKE CITY, UTAH

Position Description

The Chief Compliance Officer (CCO) of Edward Jones Bank is responsible for designing, building, and operating a comprehensive compliance management system (CMS) for a de novo FDIC-insured, state-chartered ILC. The CMS will operate independently from the larger enterprise compliance program maintained by the bank's parent company, a diversified financial services firm, but will leverage the programs, practices, and resources available from the parent to support the bank. The CCO is part of the key leadership team of the Bank and has dual accountability to the Bank President and senior leadership in the Edward Jones Compliance Division.

Responsibilities

• Serve as a trusted advisor on the Bank President's leadership team to provide insights on strategic plans and product development.
• Establish and maintain a CMS that monitors adherence to applicable rules and regulations, providing insights to senior management and the board.
• Create and oversee a compliance policy framework; manage all compliance testing and reporting; monitor and report on testing exceptions and remediation efforts.
• Recruit, develop, and retain a high-performing compliance team.
• Oversee compliance training for the Board, management, and staff to ensure adherence to laws, regulations, and policies.
• Coordinate with the parent company's enterprise compliance functions where appropriate.
• Promote a culture of belonging, volunteerism, and development within the bank.
• Represent the bank during FDIC and Utah Department of Financial Institutions examinations and address findings.
• Implement and maintain data protection measures to safeguard customer information and ensure compliance with privacy laws.
• Oversee compliance programs related to Reg W, CRA, BSA/AML, and other regulatory areas.

Compensation and Benefits

Edward Jones offers a comprehensive benefits package including medical, dental, vision, voluntary benefits, disability coverage, life insurance, 401k, health savings accounts, paid holidays, vacation, sick leave, personal days, and bonus opportunities. For more details, visit our benefits page.

Skills / Requirements

• Minimum 10 years of retail bank compliance experience, including at least 5 years in senior management.
• Experience interacting with auditors, Boards, and committees.
• Experience with enterprise GRC tools.
• Knowledge of federal and state banking regulations.
• Experience with compliance training, complaint handling, and AML-BSA responsibilities.
• Understanding of banking operations, products, and services, including securities and non-deposit products.
• Familiarity with consumer and non-consumer regulations such as Reg U, Reg O, TILA, ECOA, Reg E, UDAP, FCRA, among others.

Preferred Qualifications

• 15+ years of experience.
• Retail brokerage and banking experience.
• Experience as a Chief Compliance Officer with Utah-chartered ILCs.
• Certified Regulatory Compliance Manager designation preferred.

About Us

Edward Jones is a Fortune 500 company focused on client service, with over 9 million clients and 20,000 financial advisors across the U.S. and Canada. We value our associates' contributions and foster an inclusive, innovative environment dedicated to positive impact and community betterment.

We are committed to equal opportunity and do not discriminate based on race, color, gender, religion, national origin, age, disability, sexual orientation, or veteran status.