Retirement Services Senior Compliance Officer

Position Summary:

Responsibilities include assisting the Chief Compliance Officer (CCO) with implementing and maintaining a comprehensive risk-based monitoring and testing program to ensure that all lines of business are in compliance with application laws, regulations and company policies. Maintain a thorough knowledge of federal and applicable state fiduciary laws and regulations, including Employee Retirement Income Security Act (ERISA). Monitor for regulatory changes, including proposed changes, and assist the CCO in communicating each to all lines of business/management. Maintain a risk-based compliance monitoring and testing program to ensure that all lines of business maintain a strong, consistent and effective control environment, and that compliance weaknesses, deficiencies, and failures are identified early and corrected.

Job Location:

San Antonio, TX; Ruston, LA; Birmingham, AL; or Nashville, TN

Essential Functions:

1.  Provide guidance and support for funeral and cemetery trusts, institutional services, employee benefit plans, and employee stock ownership plans lines of businesses, as well as, ensure account and investment reviews are completed accurately and timely, based on account risk rating. Review includes determining the account risk rating is appropriate for each, based on account risk rating structure approved by executive management. Report exceptions and trends to the appropriate committees for action, including but not limited to administrative, investment and operations.

2.  Assist the CCO with determining compliance monitoring/reporting needs, based on anomalies and data analytics, which are summarized to report trends to executive management and the board. Risk monitoring includes, review reports of fee concessions to directors, officers and employees to ensure exceptions have been approved by the Board and are in compliance with Policy and preparation.

3.  Assist the CCO with identifying all related control objectives, compiling internal audit testing and results, and coordinating final reporting of the System and Organization Controls Report (SOC1- falls under the guidance of the Statement on Standards for Attestation Engagement No. 18 (SSAE 18))

4.  Attend administrative and investment committee meetings for the trust entities.

5.  Lead compliance training of staff in new and existing offices, as it relates to funeral and cemetery trusts, institutional services, employee benefit plans, and employee stock ownership plans.

6.  Review adequacy of management monitoring of Oil/Gas line of business.

7.  Participate in due diligence reviews, as requested, for entities being reviewed for acquisition by Argent.

8.  Other compliance testing and monitoring duties as outlined in the Compliance Monitoring and Testing Program.

Additional Duties and Responsibilities:

Performs any and all other duties assigned by Chief Compliance Officer for which the employee is qualified and physically able to perform with or without reasonable accommodations.

Qualification Requirements:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education or Experience:

Bachelor’s degree in Business Administration, Banking, Finance, Accounting, or related field with Accounting degree preferred; Certified Fiduciary and Investment Risk Specialist designation preferred; 7-10 years experience in trust, banking or accounting, or an equivalent combination of education and experience.

Language Skills:

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to compose original correspondence, write reports and business correspondence. Ability to effectively present information and respond to questions from managers, customers, and the general public.

Mathematical Skills:

Ability to add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percent.

Reasoning Ability:

Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to deal with a variety of abstract and practical problems.

Other Skills and Abilities:

Must have excellent interpersonal, verbal, writing, organizational and analytical skills; ability to work well with others and assist others in working through problems rationally and objectively.   A working knowledge of Microsoft Office and Excel are preferred.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential duties of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

 

  • Sedentary work that involves repetitive motions of the wrists, hands, fingers and sitting most of the time; employee exerts up to 10 pounds of force occasionally or a negligible amount of force frequently to lift, carry, push, pull or otherwise move objects. Walking and standing are infrequently required.
  • Clarity of vision at less than 20 inches, with or without correction.
  • Ability to clearly express or exchange ideas by means of the spoken word, and to receive detailed information through verbal communication, with or without correction.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

 

  • Inside work for the most part; normal office equipment. Employee may occasionally spend time outside the office; may drive a vehicle and be exposed to weather and temperature fluctuations. Also work outside the office may be required, such as traveling to other offices and divisions and inventorying estate assets.

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