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Vice President, Compliance

Newport, CA, USA | Whittier Trust Company

  • Industry:
    Financial Services
  • Position Type:
    Full-Time
  • Functions:
    General Management
    Legal / Compliance
  • Experience:
    7-10 years
Job Description:
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Description


Whittier Trust and the Whittier Trust Company of Nevada, Inc. is the oldest and largest privately owned multi-family office headquartered on the West Coast. Providing exceptional client service and highly customized investment solutions for high-net-worth individuals and their families to help them reach their long-term goals is our only mission.


Our staff of 200 dedicated professionals works with approximately 485 clients and their families to deliver a broad array of services including investment management and consulting, fiduciary, philanthropic, and family office. Our founding family’s century-long history of energy and real estate investing continues to guide our activities for clients today. Entrusted with $16 billion of private family assets, our teams employ a consulting approach to tailor solutions for complex family situations.


Whittier Trust attracts professionals who want to spend the vast majority of their day in service to our clients. Our organization is flat, nimble, and uniquely attuned to the needs and desires of both today’s entrepreneurs as well as legacy family members who may be several generations removed from the wealth creators. Our corporate culture is one of client-focus, collaboration, performance and accountability, family orientation, and long-term career satisfaction. Employee turnover is very low – evidencing a high level of engagement and career fulfillment.


The Compliance Officer will oversee Whittier’s compliance function, as well as playing a principal role in enterprise risk management under the direction of the Corporate Counsel.This individual will also be responsible for: identifying and communicating laws and regulations and best practices to Whittier’s business lines, coordinating training programs for employees, reviewing and implementing the compliance program, updating and revising policies and procedures to meet ongoing regulatory requirements and current business operational needs, reporting regularly to Senior Management and organizing and developing the appropriate compliance reports for presentation to our various committees, Senior Management and the respective Boards of Directors, overseeing appropriate client onboarding practices in conformity with AML/BSA requirements, and working with internal and outside legal counsel to assess, oversee and develop appropriate Investment and Trust/Fiduciary controls and procedures. 


This individual will also work with Corporate Counsel in assessing, overseeing, and improving the risk management practices, as well as working with Business and Operations personnel and the firm’s auditors and other outside resources to identify risks and establish appropriate controls.This individual should have excellent analytical ability and a strong sense of operations within a Trust Company environment.


The Compliance Officer will report to Whittier’s Deputy General Counsel and will work with the DGC to provide leadership, innovation, governance, and initiatives necessary to identify, mitigate and monitor the company’s operational risk.S/he will be principally responsible for the oversight of and assist in, the development of tools, practices, policies, and procedures that will manage risks.


Primary Responsibilities



  • Overseeing the compliance program, including the testing and monitoring function;

  • Maintaining awareness and operational knowledge of relevant existing and proposed laws, rules and regulations, compliance and regulatory guidelines, and industry best practices;

  • Identifying, accessing, and managing regulatory risks and relevant trust and banking laws;

  • Working with Senior Management to ensure ongoing best practices in the compliance and risk management areas;

  • Investigating and acting on matters related to compliance, including designing and coordinating internal investigations;

  • Preparing for and coordinating all relevant regulatory examinations, interfacing with regulators, and leading the regulatory examination effort;

  • Establishing methods to improve efficiency and quality of services, and to reduce the vulnerability to fraud, abuse, and waste; and

  • Seeking ways to reduce operational risk.


Desired Education



  • Bachelor’s degree (B.A) from a four-year college or university.

  • Professional certification, such as Certified Bank Compliance Officer (CBCO), Certified Regulatory Compliance Manager (CRCM), or Certified Regulatory and Compliance Professional (CRCP) is desirable;


Desired Experience



  • Subject matter expert with 7 plus years as a compliance officer or comparable position and at least 5 years in the banking and/or trust area;

  • Compressive understanding of operational risk, investment risk, regulatory risk, and related areas;

  • Highly organized and reliable;

  • Strong project management skills, with the ability to work successfully with others at all levels in order to implement compliance and risk management solutions from a practical perspective;

  • Strong interpersonal skills, maturity, and good judgment, with the capability of communicating with a diverse range of individuals in the corporate structure;

  • Willingness to travel when necessary and work closely with individuals in regional offices;

  • Detail orientated, hands-on, roll up sleeves approach;

  • Strong leadership skills and can work effectively with specialists throughout the organization; and

  • Experience and success working with regulators.


Personal Characteristics



  • Strong people skills

  • Client service focus

  • Effective verbal and written communication skills

  • High integrity with a diligent work ethic

  • Team/people-oriented

  • Highly organized with good time management skills

  • Meticulous attention to detail

  • Valid driver’s license and the ability to travel by airplane


Qualifications


Skills


Preferred



  • EXCEL


Expert



  • Analytical


Expert


Behaviors


Preferred



  • Detail Oriented: Capable of carrying out a given task with all details necessary to get the task done well

  • Innovative: Consistently introduces new ideas and demonstrates original thinking

  • Team Player: Works well as a member of a group


Motivations


Preferred



  • Ability to Make an Impact: Inspired to perform well by the ability to contribute to the success of a project or the organization


Education


Required



  • Bachelors or better.


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