CCO Wealth Management - CITIZENS BANK - Canton, MA

CCO Wealth Management - CITIZENS BANK - Canton, MA -

Obligations

As a part of Unbiased Danger Management (2 nd Line – Compliance), the aim is to supervise unbiased compliance actions for Residents Wealth Management enterprise strains.

Reporting to the Residents Financial institution Chief Compliance Officer for Business Banking, Wealth Management and Company features, function regulatory Chief Compliance Officer and government for:

Retail dealer-vendor/ funding adviser/insurance company – Residents Securities, Inc. (CSI) –

600+ insurance & securities licensed sales representatives.

Financial institution Department based mostly

Monetary Consultants

Licensed Bankers

Premier Banking

38a-1 Mutual Fund sub-funding adviser, a individually recognized division of the Financial institution (SID) – Residents Funding Adviser (CIA)

Residents Financial institution NA and Residents Financial institution of Pennsylvania

Personal Financial institution

Premier Banking Providers

Present ongoing reporting to Financial institution’s Non-Deposit Funding Merchandise (NDIP) Committee

Compliance obligations embrace, however not restricted to sales, marketing, operations, and customer support to make sure compliance with all State (State Securities and State Insurance coverage Divisions) and Federal (SEC and MSRB) and SRO (FINRA), and Financial institution (OCC, FDIC, CFPB) laws in addition to Residents Financial institution company insurance policies and audit packages.

Direct and lead the administration of an in-depth compliance plan to proactively and fairly shield the Residents Wealth Management and Residents Financial institution, together with its Financial institution subsidiaries, from attainable legal responsibility stemming from buyer dissatisfaction and/or regulatory oversight.

In line with OCC Heightened Requirements and Federal Reserve 08-Eight obligations, direct day by day compliance actions of agency with approx., construction, recruit, lead, and retain a division of 30+ compliance professionals.

Act as a proactive useful resource for area, house workplace working models and senior management with respect to all compliance associated issues.

Work intently with Residents Financial institution Common Counsel’s workplace to handle potential regulatory and authorized legal responsibility

Direct and monitor the dealing with of all funding and insurance buyer complaints, particular investigations of registered representatives, regulatory physique inquiries (FINRA, SEC, State Insurance coverage and State Securities Divisions) and the administration of any sanctions imposed towards representatives.

Direct and monitor all interactions with Federal and State regulators together with, however not restricted to correspondence with the above-entities and in individual exams.

Compliance Evaluations – Direct and monitor compliance evaluation packages that are liable for analyzing all bank branches, registered representatives and residential workplace models comparable to operations, brokerage, finance, marketing, product improvement and the telephone bank.

Licensing – Direct and monitor the licensing course of for B/D representatives together with the processing of purposes, aiding reps in sustaining their licenses and finishing the terminations of all licenses and registrations.

Coaching – Direct and monitor all compliance coaching actions together with the creation and dissemination of written supervisory insurance policies and procedures, new agent coaching courses, and FINRA/state insurance persevering with schooling necessities.

Promoting – Direct and monitor the evaluation and approval of all promoting and sales materials created by registered representatives and Advertising Departments.

Should keep shut working information and stay updated with all relevant business guidelines and laws and work instantly with senior management in coverage making selections.

Qualifications

Should have held senior compliance and/or operations management place inside the securities or banking business.

A minimal of 10 years of B/D, Funding Adviser compliance.

Banking/Belief regulatory expertise most popular.

Regulation diploma is a plus.

In depth background in brokerage insurance, mutual funds, funding adviser, and common securities issues required.

Should be capable of foster robust partnerships with administrators of different Wealth Management enterprise models.

Should exhibit confirmed management qualities.

Should have expertise dealing one on one with regulators comparable to FINRA, SEC, State Securities and State Insurance coverage Divisions and Banking Regulatory Businesses.

Wonderful communication expertise (each oral and written), in addition to robust analytical expertise.

FINRA Collection 7, 24, and 63 required.

Collection 65 and 53 inside 6 months.

Equal Employment Alternative

It’s the coverage of Residents Financial institution to offer equal employment and development alternatives to all colleagues and candidates for employment with out regard to race, colour, ethnicity, faith, gender, being pregnant/childbirth, age, nationwide origin, sexual orientation, gender id or expression, incapacity or perceived incapacity, genetic info, citizenship, veteran or army standing, marital or home companion standing, or another class protected by federal, state and/or native legal guidelines.

Equal Alternative & Affirmative Motion Employer Disabled/Veteran

Residents Financial institution is a model identify of Residents Financial institution, N.A. and every of its respective subsidiaries, and Residents Financial institution of Pennsylvania.

Hours and Work Schedule

Hours per Week: 40

Work Schedule: Monday-Friday Eight:00AM-5:00PM

APPLY THIS JOB HERE

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