Head of Risk and Compliance - Wealth and Trust

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Summary of the Job:

The Head of Risk and Compliance - Wealth and Trust leads first-line risk management and compliance oversight for the Wealth Division. This role provides independent risk oversight, assessment, and monitoring across all wealth activities while ensuring comprehensive regulatory program management and examination collaboration.

This position requires a risk-focused leader with deep wealth management regulatory expertise who can design frameworks that enhance both regulatory adherence and operational efficiency. You will have decision-making authority and accountability for risk acceptance and compliance matters with financial implications for the division. This role serves as a key member of the Wealth Division Leadership Team and participates in wealth committees and management meetings.

About This Role:

First-Line Risk Management and Oversight

• Conduct comprehensive risk assessments across wealth management activities (trust, investment advisory, brokerage)
• Provide independent first-line oversight of operational, fiduciary, reputational, and strategic risks
• Develop, implement, and monitor Key Risk Indicators (KRIs) and risk metrics
• Oversee testing, monitoring, risk assessments, and mitigation plans for the division
• Make independent decisions regarding risk acceptance within established governance frameworks
• Evaluate existing processes and direct activities to address control gaps using deep knowledge of common risks
• Anticipate, assess, monitor and report on risks to division leadership and enterprise risk management

Compliance Leadership and Regulatory Management

• Serve as compliance leader for the Wealth division ensuring adherence to SEC RIA regulations, FINRA rules, OCC trust requirements, and state fiduciary regulations
• Implement and maintain comprehensive compliance programs across wealth business lines
• Serve as liaison with second line during examinations, inquiries, and ongoing regulatory relationships
• Develop and maintain division-wide compliance policies, procedures, and control frameworks
• Oversee compliance monitoring, testing, and surveillance programs across all operational areas
• Lead compliance training programs and ensure staff understanding of regulatory obligations
• Create and update compliance policies covering fiduciary duties, conflicts of interest, advertising, and privacy requirements
• Oversee preparation of regulatory documents including Form ADV, RC-T, 13F, and other required filings as well as books and records
• Ensure proper licensing and registration maintenance across all division personnel
• Coordinate with Legal and Enterprise Compliance on regulatory matters and policy updates

Team Leadership and Development

• Build and lead the Wealth Risk and Compliance team, including at least two direct reports and 1-3 dotted line direct reports and a total of 15-20 team members.
• Develop talent pipeline for critical risk and compliance capabilities
• Foster a culture of proactive risk identification and regulatory excellence
• Collaborate with division leadership to embed risk awareness across all teams

Strategic Advisory and Enterprise Leadership

• Serve as strategic advisor to division management on risk and compliance matters
• Participate actively in business meetings, risk committees, and planning sessions
• Build trusted relationships with legal, audit, finance, enterprise risk, and front-office leadership
• Contribute to enterprise-wide risk strategy development by representing the Wealth division in bank-level forums
• Anticipate industry and regulatory trends to position the Wealth division for future success
• Represent the Wealth division in enterprise-level governance committees and external industry forums
• Work closely with senior leaders to provide guidance on strategic initiatives to avoid compliance and reputational issues

The Ideal Candidate for This Role:

Education & Experience

• Bachelor's degree required; advanced degree (MBA/JD) or industry certifications (e.g., CFA, CCO, CAMS, CFIRS, CRCP, CTFA, IAACP) strongly preferred
• Series 7, 24 strongly preferred (or ability to obtain)
• 10+ years of experience in financial services with at least five years in progressive leadership roles managing risk and compliance functions across wealth management business lines
• Proven experience with OCC, SEC, FINRA, trust, RIA, broker-dealer, and capital markets regulations

Technical & Leadership Competencies

• Deep knowledge of SEC Investment Advisers Act, FINRA conduct rules, OCC trust regulations, and state fiduciary requirements
• Skilled in operational risk identification, internal controls, scenario analysis, and root cause remediation
• Exceptional analytical, communication, and leadership skills; ability to influence across all levels
• Excellent written and presentation skills
• Data-driven decision-making approach
• Understanding of bank policy, laws,…