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Trust Compliance Director
OneAmerica Financial Partners, Inc.
Indianapolis, IN, United States
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Description
This position will be responsible for carrying out the Trust Company’s regulatory compliance and risk management functions in conjunction with internal risk and audit teams, as well as external state regulators.
Core Responsibilities:
• Develop and implement a compliance management program (including compliance training, testing, and reporting) that has effective system of internal controls and complies with applicable laws and regulations.
• Collaborate with internal audit and compliance; responsible for preparation of necessary documentation for regulatory examinations as well as independent annual service audit review
• Create and maintain comprehensive risk policies and procedures that reflect evolving laws, regulations and industry best practices.
• Provide advice and information on fiduciary compliance and risk management issues to Trust Company board members, governance committees, senior leaders, and any associates in the Enterprise as applicable.
• Monitor ongoing regulatory changes and advise the board, governance committees, and senior leaders of any projected impact of those changes (rules and regulations governing fiduciary responsibility as a directed trustee, ERISA, DOL, IRS).
• Recommend and implement associated changes in fiduciary laws as it relates to directed Trustee responsibility; regulations or industry best practices to Trust Company policies, procedures, operating practices, and strategic objectives.
• Develop and implement administrative account review process.
• Advise on conflict of interest scenarios.
• Ensure appropriate information security and business continuity guidelines are established and followed.
• Serve in a co-lead role with the President representing the Trust company in strategy development, audit functions (internal and external), and client contact or sales opportunities
Requirements
Requirements:
• Bachelor’s degree required
• JD preferred
• 5-10 years retirement services experience
• 10 years Trust experience with qualified plans
• Strong analytical and problem solving skills
• Strong communication skills and an ability to build relationships with various levels within the Enterprise, and external regulators.
• Proven knowledge of ERISA, DOL and IRS laws and regulations
• Independent, problem-solving skills
• Highly flexible and adaptable to change and managing through transitions