Chief Compliance Officer, Community Bank Wealth Management Job at Community Bank System, Inc.
Overview:
Physical Requirements:
At Community Bank System, Inc. (CBSI), we are dedicated to providing our customers with friendly, personalized, high-quality financial services and products. Our retail division, Community Bank, N.A., operates more than 230 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont and Western Massachusetts. Beyond retail banking, we also offer wealth management, investment management, insurance and risk management, and benefit plan administration.
Just as our employees are committed to helping our customers manage their finances, we’re committed to our employees. After all, they make it happen for our customers every day.
To ensure our people can enjoy long and successful careers here at CBSI, we offer competitive compensation, good benefits, and professional development and advancement opportunities. As an equal-opportunity workplace and affirmative-action employer, we celebrate and support a diverse workplace for the benefit of all: our employees, customers and communities.
Responsibilities:
Job Summary
Position will lead and oversee the compliance and regulatory function of the affiliated entities within the wealth management division of Community Bank. The Chief Compliance Officer will provide executive leadership and strategy to compliance, risk management, control and operations of such entities and will also serve as the Chief Compliance Officer for OneGroup Wealth Partners and Nottingham Advisors.
The CCO position provides primary oversight to the investment advisory firms and the associated staff and advisors. Responsibilities include developing, maintaining, testing and enforcing compliance policies and procedures, overall design and implementation of the advisor compliance program, and preservation of firm disclosure documents and filings and also ensuring reporting meets regulatory requirements and adheres to firm policies and supervisory procedures.
Essential Duties and Responsibilities, OneGroup Wealth Partners
- Develop, implement, test and enforce compliance policies and procedures for the firm
- Develop internal controls to manage IAR activities and customer interaction, including but not limited to written supervisory procedures, IAR and staff training
- Maintain updated disclosure documents for the firm and IARs, including Forms ADV, CRS, Form U4s and Privacy Policy disclosures
- Maintain regulatory filings in accordance with applicable rules and regulations
- Work with firm consultants regarding current regulatory issues, conflict mitigation and customer agreements
- Conduct due diligence on third party money managers and solicitors; review, approve and execute agreements for vendors and solicitors
- Review and approval of all firm marketing, social media content, and advertising
- Review IAR email and other correspondences as necessary
- Review of trading activity (including discretionary, brokerage, and managed)
- Review and approval of OBA requests and disclosures for the firm
- Develop and train staff and IARs on firm complaint policy and guidance
- Proactively collaborate with the President, Compliance staff, COO, IAR’s and staff as needed to ensure compliance issues are addressed, investigated, documented, and resolved
- Work with COO and executive management team to develop an effective compliance and firm training program, including introductory training for new employees as well as ongoing training for all employees and managers
- Consult with the executive team, including COO, Risk, Audit and corporate Legal on compliance, supervision, management and complaint issues
Duties and Responsibilities, Community Bank Wealth Management
- oversee the compliance and regulatory function of the affiliated entities within the wealth management division of Community Bank
- Develop an overall strategic plan to ensure compliance across functional areas of the wealth management entities and appropriate reporting to cross functional areas and executive management, including establishing proper procedures and controls
- Execute on strategic approaches to compliance reviews, issues and/or concerns to minimize the enterprise’s exposure including but not limited to
- Work collaboratively with management and executives relative to wealth management compliance and regulatory matters, including Internal Audit, Legal and Risk departments
- Pass S65 exam
- 5 years of more of experience as a Chief Compliance Officer
- 10 years or more in Compliance roles with interaction with the SEC and/or FINRA on investment adviser issues
- Knowledge of Investment Advisers Act of ’40, various current federal and state regulations a plus
- Experience with the current and proposed regulatory environment (SEC, FINRA, ERISA, OCC, MSRB, etc.) a benefit
- Broad knowledge of federal securities laws and regulations
- Act as appointed SEC, FINRA regulatory liaison, managing regulatory audits and exams
Compensation: Commensurate with experience plus potential for annual merit increase. In addition to your competitive salary, you will be rewarded benefits including: 11 paid holidays, paid vacation, Medical, Vision & Dental insurance, 401K with generous match, Pension, Tuition Reimbursement, Banking discounts and the list goes on!
Physical Requirements:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee may be required to stand, walk or sit. Use hands and fingers, handle or feel, reach with hands or arms, and speak and hear. The employee may occasionally be required to lift and or move up to 25 pounds. Specific vision abilities required by this job include close vision, and the ability to focus.
An Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.
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