The posting
Trust Compliance Officer II
Job Summary The Trust Compliance Officer is responsible for monitoring, testing, and supporting AML/CFT (BSA) compliance and compliance with laws, regulations, fiduciary standards, governing instruments, and internal policies as they pertain to the Trust Company. The role evaluates fiduciary activities, documents results, reports issues, and works with Trust personnel, Risk Management, Internal Audit, outsourced auditors, and regulators to identify compliance risk and support corrective action.
The salary for this role will be between $36 and $48 an hour. The specific salary offered will depend on several factors including but not limited to applicant’s skills and prior relevant experience. Hired candidate may be eligible for healthcare benefits, 401K plan, short term & long-term disability coverage, life insurance, vacation & sick time, educational assistance, and several holidays. Certain roles are eligible for additional rewards
Job Functions
Conduct risk-based compliance monitoring and testing of fiduciary activities, accounts, products, and processes to assess compliance with applicable trust laws, fiduciary standards, governing instruments, policies, and procedures. Provide regular compliance reporting to the Trust Board, including regulatory developments, monitoring activities, identified findings and issues, and the status of corrective action tracking. Administer the Trust Company’s AML/CFT Program, oversee compliance with applicable BSA/AML requirements, and provide regular AML/CFT Program reporting to the Trust Board. Develop and maintain the Trust Company’s compliance and AML/CFT risk assessments and update them as risks, products, services, regulatory requirements, or business activities change. Provide guidance and work with business areas to address regulatory changes, compliance concerns, identified deficiencies, and needed changes to policies or procedures. Provide compliance guidance on new or changing Trust products, services, systems, forms, disclosures, and processes. Conduct and maintain the Trust Company’s compliance risk assessment and use the results to develop risk-based compliance monitoring and testing of fiduciary activities, accounts, products, and processes. Work with the Learning and Development team to develop or assign appropriate compliance and AML/CFT training for Trust personnel. Assist with regulatory examinations and internal and outsourced audits, including providing requested compliance documentation and information. Complete required training, remain current on applicable regulatory requirements and industry developments, follow Riverview policies and procedures, and perform other duties as assigned.
Typical Experience and Education
4-6 years of experience in trust, fiduciary compliance, BSA/AML/CFT. Must have demonstrated knowledge of applicable trust and fiduciary laws, regulations, and standards, as well as BSA/AML requirements.
Associate degree; or two years of trust compliance experience and/or training; or equivalent combination of education and experience. CFIRS certification preferred.
Relationships
Frequent interaction with employees to evaluate compliance activities, discuss observations, and communicate recommendations. Regular contact with supervisor, auditors or examiners in support of compliance activities.
Knowledge, Skills, and Abilities
Regulatory Knowledge & Application: Demonstrates solid knowledge of a wide range of trust laws, fiduciary standards, and related regulations, including account administration, conflicts of interest, AML/CFT, OFAC, privacy, and safety and soundness requirements. Applies judgment in interpreting how laws, regulations, governing instruments, and fiduciary standards impact Trust operations. Monitoring & Testing: Independently conducts compliance reviews, including sampling, transaction testing, and reporting. Identifies patterns of noncompliance and proposes corrective actions. Assists with developing risk-based compliance monitoring plans and testing procedures. Reporting & Documentation:
Drafts compliance reports with deficiencies and recommendations. Reviews and updates compliance checklists, forms, and policy/procedures as regulations change. Prepares reports and provides or presents to senior management, Trust committees, or the Board of Directors.
Collaboration & Support: Partners with Trust business lines to address compliance concerns. Provides guidance to employees on trust and fiduciary requirements and policy interpretation. Training & Development: Advises the Learning & Development team on required role-based trust compliance training. Keeps current on regulatory updates and industry best practices. Independence & Professionalism: Works with minimal supervision, managing multiple monitoring assignments simultaneously. Exercises judgment in escalating significant compliance risks. Technology & Innovation:
Demonstrated curiosity and adaptability in leveraging evolving digital tools and artificial intelligence (AI) to enhance work quality, efficiency, decision-making, and customer experience. Willingness to continuously learn and responsibly apply emerging technologies in alignment with regulatory and ethical standards.
Physical Demands While performing the duties of this job, the employee is regularly required to effectively communicate via phone/video, messaging, and email. The employee is required to use computer and office equipment such as a computer, printer, copier, as well as computer software such as Microsoft Office. You may also frequently be required to occupy a workstation for long periods of time. The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.
