Senior Trust Compliance Specialist

at First Western Financial in Denver, Colorado, United States

Job Description

First Western is seeking an Senior 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 Senior 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, 60-day review requirements, CIP, and other trust account protocols
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: alignment with trust agreement, written authorization, and trust committee minutes.
Review overdrafts for appropriate, review, disposition, and reporting
Determine suspense accounts are properly reconciled and cleared and comply with state escheat laws and regulatory guidance.
Verify reconciliation of sweep accounts comply with regulatory guidance
Ensure Annual Account, Unique Asset, Stale Asset, and Investment reviews are timely and accurate
Review closed trust accounts against policy, procedure, and regulation
Create and update findings during testing within audit software, gain finding owner concurrence, and perform findings exit meetings
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
5-7 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: $71,000- $107,000/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.

Region A Pay Range
Pay Range
$71,000-$107,000 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: 6448627

Posted On: Apr 13, 2024

Updated On: May 13, 2024

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