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Compliance Officer, Wealth Management


Compliance Officer, Wealth Management

Compliance Officer, Wealth Management

The Washington Trust Company
Providence, RI

Job details

Job Type

Full-time

Washington Trust is a special place because of our people. We believe employees who are valued, recognized, rewarded and empowered will achieve personal and professional goals. We hire the best people in the business and are always looking for professionals who will uphold our core values of quality, integrity and community.

Washington Trust Wealth Management is seeking a Wealth Management Compliance Officer to provide high-level assistance with legal and compliance requirements. The position is critical to ensure that the division’s policies and procedures accurately reflects requirements set forth in existing regulations and is adaptable to meet the needs of an ever-changing regulatory industry. The Compliance Officer will work on synthesizing and documenting changing regulations and assisting with training and audits to ensure compliant operations of the Division’s legal entities, which include an SEC Registered Investment Adviser (Washington Trust Advisors, Inc.) and The Washington Trust Company’s Trust and Investment Department.

This position requires a minimum of five years compliance or regulatory experience as it pertains to the investment adviser and/or bank trust administration business. The successful candidate will have a bachelor’s degree; legal or paralegal experience is desired. Excellent verbal and written communication skills are essential along with a strong adaptability to technology. Strong excel skills are a must.
The candidate must possess the ability to handle multiple tasks simultaneously, maintain strong organizational skills, be proactive, willing to research applicable; laws, rules, and regulations, and provide accurate and practical advice in a timely fashion.

Specific Responsibilities of this Highly Visible and Challenging Role:

  • Assist with the annual supervisory and compliance program review and testing for compliance with Investment Advisers Act 206(4)-7, FINRA Rule 3110, 3120, 3130, Anti-Money Laundering Program, and FDIC Regulations governing Trust Departments. Developing new testing procedures as needed and preparing Annual Compliance / Supervisory Reports for Management.
  • Conduct various internal audits, mock SEC/FINRA/FDIC audits and prepare final inspection / summary of findings memorandums.
  • Review and oversee key aspects of the Investment Advisor’s Code of Ethics under Rule 204A-1.
  • Review bank officers and employees reporting obligations under FDIC Part 344.
  • Support operations and key departments in the preparation and reporting of Large Trader 13H, 13F, Reg R, and RCT fillings.
  • Monitor legal and regulatory developments and assist in the recommendation and implementation of compliance policies, procedures/controls.
  • Prepare training programs in response to anticipated regulatory changes and coordinate annual, firm element training for registered representatives and continuing education requirements for investment adviser representatives.
  • Synthesize SEC, FINRA and FDIC Regulations and provide support to the CCO on rolling out new processes and/or training programs for the Wealth Management Division.
  • Provide input and recommendations to the annual internal risk assessment process as it pertains to the various business lines, including operations, and compliance.
  • Assist with the preparation of Annual Compliance meeting materials.
  • Assist with internal marketing and retail communication reviews to ensure compliance with state and federal advertising regulations.

This position can be based in Providence, RI, New Haven, CT, or Wellesley , MA.

Our employees enjoy a comprehensive benefits package, which includes health and welfare benefits, paid time-off, work-life program, and a 401(k) plan. We believe employees who are valued, recognized, rewarded and empowered, will achieve personal and professional growth. Apply today and find out why we have been voted one of the Best Places to Work in Rhode Island since 2011!

The Washington Trust Company, and each of its subsidiaries and affiliates are committed to cultivating and promoting a diverse and inclusive workforce. We seek to provide an environment of equal employment opportunity and advancement to all employees and applicants. It is our policy to provide equal employment and advancement opportunities without regard to race, color, ethnicity, age, religion, gender, pregnancy/birth, national origin, sexual orientation, gender identity or expression, disability or perceived disability, genetic information, citizenship, veteran or military status, or any other category protected by federal, state and/or local laws. Click Here to view “EEO is the law poster”. For additional information, please Click Here for EEO supplement poster.

Job Type: Full-time


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• Post ID: 21565281


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