Director, Investment Services Compliance

Webster Bank; City of White Plains (NY); On-site; USD 120,000 - 145,000; Full time

Job summary

Webster Bank is hiring for the position of Director, Investment Services Compliance, responsible for leading compliance risk management within investment and trust services. Ideal candidates have 7-10 years of experience in compliance within the financial industry and hold necessary regulatory licenses. This role supports regulatory adherence and enhances service quality through diligent oversight and training.

Qualifications

• Must have at least 7-10 years of cumulative experience in Compliance, Risk, or Audit in financial services.
• Must have active licenses in one or more of the following FINRA Series 7, 24, or 14.
• Extensive knowledge of SEC laws and regulations and FINRA rules.

Responsibilities

• Responsible for researching federal banking and securities laws, and reviewing bank policies.
• Monitor changes in laws applicable to investment services and conduct compliance risk assessments.
• Develop metrics to monitor compliance and assist the first line in establishing related risk metrics.

Skills

Strong written communication

Verbal communication

Project management

Analytical skills

Decision-making

Education

Associates Degree

Bachelor’s Degree

Master’s Degree

Tools

Microsoft Excel

Microsoft PowerPoint

Microsoft Word

Job description

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, for developing a compliance risk management program and for providing compliance services to Webster investment and trust service lines of business (LOB). This includes assisting the line in developing oversight of service providers, including partner registered investment advisors (RIA).

Key Responsibilities

• Responsible for researching federal and key state banking and securities laws and regulations, reviewing the bank’s policies and procedures, and disseminating pertinent information to senior management and lines of business.
• Monitor changes in laws and regulations from federal banking and securities agencies applicable to the business, products and services offered by Webster and its partners.Duties include conducting impact analysis, identification, and delivery of required training, and developing policies, where needed.
• Assist in the completion of an annual risk assessment of the laws, rules and regulations governing Webster trust and investment products and services.Assist with carrying out compliance risk assessments, assessing inherent risk, control effectiveness and rationale for risk ratings.
• Develop metrics to monitor compliance and assist the first line in establishing related risk metrics.
• Assist first line control officer(s) in developing review, reconciliation, and quality control processes.
• Support the development of new or modifications to 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 and privacy compliance.
• Must have active licenses in one or more of the following FINRA Series 7 General Securities, Series 24 General Securities Principal, or Series 14 Compliance Officer
• Candidates with degrees (Associates, Bachelor’s, and/or Master’s) required
• Extensive knowledge of SEC laws and regulations and FINRA rules and guidance
• Experience with banking laws and regulations, with a focus on those related to bank holding companies and national banks

• 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.

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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.