Compliance Officer - Trust Sioux Falls, SD

Job Description

Compliance Officer - Trust

Sioux Falls, SD

Join the Trust Company backed by highly ranked public accounting firm, small team environment, bring your ideas and earn exceptional benefits and growth!

This Jobot Job is hosted by:
Mark

C. Johnson

Salary: $80,000 - $100,000 per year

We are a boutique trust company that helps businesses and individuals implement estate planning goals and transition wealth from one generation to the next. We provide services above and beyond those of a traditional trust company by focusing on the individual nature of each client and their long-term goals. With offices in Sioux Falls, SD and Bloomington, MN, Cornerstone provides unique tax advantages to its clients as well as a wide variety of specialized trust services, including trusts under wills as well as dynasty, charitable, revocable living wills.

• We are small, you can make a big impact, but we are owned by a highly successful and award winning Public Accounting Firm. Make an Impact. We care about your individuality by giving you freedom to grow and create within the company, regardless of your position.
• Rest and Relaxation. 18 days paid time off, 8 paid holidays
• Health Benefits. Medical with HSA and FSA options, dental, and vision
• Prepare for the Future. 401(k) with a generous company contribution, access to a personal financial planner, and both legal and life insurance
• Give back. Get paid to give your time to the community: ask us about this!
• Educational Benefits. Whether you are studying for your industry certifications, or currently enrolled in higher education, we can help cover some of those expenses.
• Flexible Work Models. In-office, work-from-home, or hybrid, depending on position and location.

Primary

Purpose:

This role will act as Compliance Officer for a smaller Trust Company. This role requires ability to manage process as well as efficiently translate strategic vision into actionable tasks. This person is the AML/BSL expert internally and creates proactive compliance policy and procedure to mitigate risk. This position is hybrid with some in office expectation as well as opportunity to work remotely.

Responsibilities include but are not limited to:

• Oversees all aspects of our compliance program
• Manages, implements and owns all compliance solutions including updates and employee training; research and recommend changes when necessary. Additionally provides annual training to staff and board of governors relating to compliance
• Manage new initiatives and efficiency projects
• Responsible for compliance and due diligence including monthly, quarterly and annual process and creating internal audit program
• Has the role of AML/BSL Compliance Officer
• BSA/AML institutional risk assessment
• Internal controls to ensure timely compliance with regulatory changes
• Policy and procedure enhancement
• Continuity of the BSA/AML function by inclusion in succession planning
• Independent testing of the BSA/AML function
• Complete annual BSA/AML training by the Board
• Training on company-specific policies, procedures and examination findings
• Timely address all external testing requirements from CLA
• Customer Due Diligence
• SAR Program
• Quarterly and annual reporting for SDDB
• Prepare and participate in annual audits
• Responsible for continuous improvement including constantly analyzing existing processes and optimizing for accuracy and efficiency
• Independently identify priorities and opportunities for interdepartmental improvements
• Ability to analyze data to help drive decision making

• AML/BSA expertise required
• Expertise in trust compliance required
• Demonstrated ability to provide quality and proactive solutions to the business
• Desire to proactively ask for and take feedback on performance and ability to implement changes as necessary
• Willingness to promote to a small office environment which can, at times, include contributing in ways that may not directly correlate to the candidate’s skill set or job description
• Excellent organizational and interpersonal skills
• Creative problem-solving ability
• Ability to exercise professional and technical discretion on matters of significance
• Demonstrated ability to manage multiple tasks simultaneously and problem solve
• Strong written and communication skills
• Meticulous follow-up skills
• Excellent verbal and written communication skills
• Exceptional attention to detail
• Time management skills with a proven ability to meet deadlines
• Analytical and problem-solving skills
• Strong process leadership skills
• Ability to prioritize tasks and to delegate them when appropriate
• Ability to function well in a high-paced and at times stressful environment
• Proficient with Microsoft Office Suite or related software

Bachelor’s degree preferred

At least 3 years trust compliance experience required

Interested in hearing more? Easy Apply now by clicking the "Apply Now" button. Jobot is an Equal Opportunity Employer. We provide an inclusive work…