Director, Trust & Investment Management Compliance

at First Western Financial in Denver, Colorado, United States

Job Description

First Western is seeking a Director, Trust & Investment Management Compliance 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 Director, Trust & Investment Management Compliance at First Western, you will play a vital role in helping high-net-worth clients achieve their financial goals. You will work closely with our Risk Management 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:
Research, analyze, interpret, and effectively apply trust-related laws and regulations, keeping up to date on emerging issues and topics.
Verify compliance with related fiduciary requirements through reviews and tests of operational controls.
Ensure the Bank meets investment-related fiduciary standards by reviewing the decision-making process used for the selection, retention, and preservation of discretionary assets.
Assess whether financial risks embedded in account portfolios are appropriate, the timing and completeness of annual account reviews, and monitor fiduciary assets for trends and related risk exposures
Verify adherence with applicable trust laws and regulations through detailed tests of new, closed, and existing trust accounts.
Evaluate the account review process (Reg 9 Review Process/FDIC Fiduciary Review Process/ERISA) including the ongoing assessment of account-level risks.
Review, test, and advise on Trust, IM, and Retirement account administration including adherence to the governing account instrument, needs of account beneficiaries, prudence in asset administration, avoidance of conflicts of interest, and appropriateness of fees.
Assess, and conduct testing, for risk exposure and monitoring processes, including risk rating of accounts and watch list monitoring process, and other compliance issues, control weaknesses and their root cause, and meet with management to make recommendations for remediation of compliance risk and appropriate corrective action.
Compose written reports containing findings, any corrective actions required, and recommendations for distribution to management, client-facing staff, and to various Trust, Compliance, and Risk Committees, as applicable and participate in various committees, audits, and examinations related to compliance and regulations
Evaluate Trust (and related product) policies and procedures and make recommendations, as needed.
Complete and Comply with the Companies Code of Ethics and Conflict of Interest Questionnaire and Policy Acknowledgement
Complete all assigned training on time
Embrace and adhere to First Western's Core Values
What You Bring:
Excellent proficiency with Microsoft Office Suite; experience with FIS/Verafin preferred
Effective interpersonal communications; detail-oriented; ability to multi-task in a fast-paced environment
Strong presentation, written, and verbal communication skills
Excellent problem-solving and analytical skills
Ability to analyze and interpret complex legal and regulatory documents
Strong project management and organization skills
Outstanding leadership and team mentoring abilities.
Education Level Education Details Required/Preferred
Business field or Law (Trusts) or related education Required
Juris Doctorate or CTFA Preferred
Experience Level Experience Details Required/Preferred
7-10 years of Trust Compliance, Trust Officer, or other Trust professional experience Required
5-7 years of Supervisory Experience Required
7-10 years of strong Knowledge of Trust Estate Planning & Administration and the regulatory requirements of Trust Preferred
License/Certification Details Time Frame Required/Preferred
Certified Fiduciary & Investment Risk Specialist Upon Hire
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: $108,000 - $173,000/YR
Job Classification: Full-Time Exempt/Non-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... For full info follow application link.

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: 6515604

Posted On: May 25, 2024

Updated On: Jun 03, 2024

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