Trust Compliance Specialist

at First Western Financial in Denver, Colorado, United States

Job Description

First Western is seeking an Trust Compliance Specialist to join our team! Are you looking for a challenging and rewarding opportunity? First Western is seeking a passionate and experienced professional to join our team. As a Trust Compliance Specialistat First Western, you will play a vital role in helping high-net-worth clients achieve their financial goals. You will work closely with our Compliance team to deliver comprehensive solutions that exceed client expectations. If you are passionate about providing exceptional service to clients and are looking for a challenging and rewarding opportunity, we encourage you to apply for this position today. What You Will Do: Review Trust account opening process to ensure compliance with Pre-Acceptance Account Review System protocols, 60-day review requirements, CIP, Section 326 of the US Patriot Act and Beneficial Ownership (if applicable). Perform quality control testing to ensure compliance with OCC Regulation 9 and FDIC Trust/Fiduciary requirements for Administrative Reviews, and Investment Reviews of trust and investment management accounts, and document exceptions. Perform a review of disbursements: trust agreement, written authorization, and trust committee minutes. Determine whether suspense accounts are properly reconciled and cleared. Ensure compliance with state escheat laws and regulatory guidance. Review monthly fee calculations and summary posting to the general ledger income accounts. Verify reconciliation of sweep accounts comply with regulatory guidance. Review closed trust accounts against policy, procedure and regulation. Create and update scorecards during testing to share trends of the issues encountered during reviews. Support the Trust Department by researching and disseminating proposed changes in fiduciary laws and regulations. Review Internal Trust Review Committees (TAC and TIC) meeting minutes and confirm that follow-up action is taken in a timely manner. Review compliance Recordkeeping and Confirmation requirements (12CFR12) What You Bring: Microsoft Office Suite, with Excel skills; GRC a plus Strong organizational and follow-up skills High initiative and the ability to work with minimal supervision. Strong written, oral, and verbal communications skills for report writing. Ability to problem solve and calculate items within audit objects. Education Level Education Details Required/Preferred Bachelor's Degree Bachelor's Degree or related business degree from a four-year college or university or experience in compliance, audit, or regulatory examination experience with Trust background. Preferred Experience Level Experience Details Required/Preferred 1-3 years Detail oriented in previous jobs showing level of accuracy/math competency to perform detailed work and excellent report writing skills with strong command of English grammar Required 3-5 years Financial services or related industry in Trust, lending, mortgage, or money services businesses Required What You Receive: At First Western, we pride ourselves on our culture of innovation, teamwork, and continuous learning. We are committed to providing our employees with the tools and resources they need to succeed, including ongoing training and development, a competitive compensation package, and a comprehensive benefits program. Pay Range: $63,500 - $95,500/YR Job Classification: Full-Time Exempt *Actual offer will be based on experience, location, education, and/or skills* - Strong Bonus Potential - 401(k) Plan with Match - Paid Parking/Transportation Benefits - Access to Training & Professional Development Programs - Sponsorship for Obtaining Professional Certifications - Flex Spending Accounts - Health Savings Account - Health & Wellness Benefits - Paid Time-Off+ Bank Holidays Interested in learning more and seeing how we connect? Visit us today at: Questions? Contact us at First Western Financial, Inc. is proud to be an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive and safe environment for all employees. We are fully committed to achieving a diverse workforce by hiring, developing, and retaining talented people from different backgrounds, experiences, abilities, and perspectives. Individuals from all backgrounds, including non-traditional backgrounds, historically marginalized, or underrepresented groups are strongly encouraged to apply. Pay Range $63,500-$95,500 USD First Western Financial, Inc. is committed to leveraging the talent of a diverse workforce to create great opportunities for our business and our associates. EOE/AA Minority/Female/Disabled/Veteran
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Job Posting: 6356335

Posted On: Feb 17, 2024

Updated On: Mar 14, 2024

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