Amalgamated Bank

Monitor and ensure compliance with applicable federal and state fiduciary, securities, investment regulations, ERISA, FDIC and New York State Banking regulatory requirements, BSA/AML regulations and DOL reporting and filing requirements. Periodically review and monitor compliance with Trust department policies and procedures, including but not limited to fixed income and equity portfolio management, broker/dealers, securities trading and record keeping, account administration, collective investment funds and conflicts of interest. Responsible for assisting vendor management with Trust department vendors, which includes requesting quarterly compliance certification from sub-advisors, reporting results to management and oversight committees and evaluating the adequacy of due diligence on new Trust related vendors. Comprehensive knowledge of trust administration policies and procedures. AmeriCorps, Peace Corps and other national service alumni are encouraged to apply.

risk officer

Amalgamated Bank is seeking a Trust Compliance & Risk Officer to be responsible for the Compliance and Risk Management Program for the Bank’s Investment Management Division/Trust Department and compliance with applicable federal/state laws and regulations, contractual obligations and internal Trust department policies By joining our team, you’ll be joining a Bank that believes that that maintaining a diverse and inclusive workplace where everyone feels valued and respected is essential for us to grow as a company. We are dedicated to building a more equitable world in our everyday practices by embracing the values of our employees and customers. Essential Job Functions <ul><li>Responsible for compliance and risk management for the Bank’s Investment Management Division/Trust Department</li><li>Monitor and ensure compliance with applicable federal and state fiduciary, securities, investment regulations, ERISA, FDIC and New York State Banking regulatory requirements, BSA/AML regulations and DOL reporting and filing requirements</li><li>Periodically review and monitor compliance with Trust department policies and procedures, including but not limited to fixed income and equity portfolio management, broker/dealers, securities trading and record keeping, account administration, collective investment funds and conflicts of interest</li><li>Ensure appropriate and effective policies are in place for all trust operational and investment processes</li><li>Review and approve all new portfolio/account openings to ensure all proper legal documents are obtained per internal policy and regulatory requirements</li><li>Coordinate preparation of compliance and risk management related oversight committee meeting materials to ensure timely and accurate reporting to oversight committees. Supervise investment and administrative account reviews to ensure significant issues are reported to oversight committees</li><li>Review the system of internal controls in place to safeguard trust assets as appropriate</li><li>Conduct compliance monitoring for internally managed fixed income and equity accounts for reporting to oversight committee meetings</li><li>Monitor the procedure for handling client complaints to ensure adherence to Bank-wide requirements</li><li>Conduct periodic training with Trust personnel concerning regulatory requirements</li><li>Responsible for assisting vendor management with Trust department vendors, which includes requesting quarterly compliance certification from sub-advisors, reporting results to management and oversight committees and evaluating the adequacy of due diligence on new Trust related vendors</li><li>Perform other duties as directed </li></ul>Knowledge, Skills And Experience Requirements <ul><li>Bachelor’s degree or equivalent experience</li><li>Minimum of 7 + years of trust compliance or other relevant financial services operational and compliance experience serving an institutional client base</li><li>Thorough knowledge of trading, investment management systems and operating platforms</li><li>Comprehensive knowledge of trust administration policies and procedures</li><li>Excellent verbal/written communication and supervisory skills</li><li>Proficient working knowledge of MS Office </li></ul>Our job titles may span more than one career level. The starting base salary for this role is between $120,500.00 – $135,000.00. The actual base pay is dependent upon many factors, such as: training, transferrable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future. Amalgamated Bank is an Equal Opportunity and Affirmative Action Employer, Minorities / Females / Individuals with Disability / Veterans . AmeriCorps, Peace Corps and other national service alumni are encouraged to apply. View our Pay Transparency Statement . Submission of a resume or any information regarding your qualifications does not constitute a promise or offer of employment. At Amalgamated Bank, we consider an applicant to be someone who has interviewed at least once, in person, with the hiring manager. Amalgamated Bank does not sponsor applicants for work visas.

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