Wealth Management Risk Consultant II

Bonus Type

Summary

We are a trusted and experienced Financial Institution that acts in the best interest of our clients and the communities we serve. We thrive using our knowledge, experience, resources and disciplined approach to help others make the right decisions for their future. 

Job Description

The Wealth Management Risk Consultant is primarily responsible for assisting with the management of the Control Objectives for their respective business line, which includes among other things, identifying areas of potential risk for the business line and/or its clients.  Performs independent reviews of new and existing accounts.  Reports any findings to the Strategic Risk Officer.  Identifies training needs and process improvements based upon review finding.  Assists with the development of processes, procedures and reporting systems to mitigate that risk.  Assists with routine audits and compliance tests. 

Team Culture

You’ll work collaboratively with your colleagues and client facing teams across Wealth Management, including Private Wealth, Brokerage, and Institutional Wealth.  Integrity is the foundation on which our team builds relationships, trust, and effective partnerships. We live the company values in everything we do and act with honor and truthfulness.

How You'll Spend Your Time

• You will perform independent reviews of new and existing accounts, the governing documents, account coding and / or control reports to confirm compliance with policies and procedures. You will also identify any gaps while working closely with administrators to correct and report any significant findings to the Strategic Risk Officer, Department Managers and/or Corporate Governance Committees when appropriate.
• You will identify risks and assist with the implementation of controls to manage the identified risks while assisting with the drafting of policies and procedures to ensure that controls are effective and test those controls on a periodic basis. 
• You will actively participate in annual reviews of process maps and the risk and control self-assessment (RCSA).
• You will prepare for internal and external audits by working with administration to collect required data. This will include participating in ongoing meetings with auditors, compliance, regulators, and risk personnel to ensure all required information has been collected and reviewed. 
• You will have routine interaction with corporate compliance, internal audit, and wealth management risk.
• You will identify training needs and process improvements and assists the Strategic Risk Officer with the development of training materials and process improvements.

Education & Experience Requirements

This level of knowledge is normally acquired through completion of a Bachelor’s degree and 5-7 years of knowledge and experience with Wealth Management relationships, or 9+ years equivalent experience.