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GENERAL FUNCTION:
The Chief Compliance Officer is responsible for ensuring policies and procedures for Fifth Third Wealth Advisors, a Registered Investment Advisor, are designed specifically to prevent violation of the Investment Advisers Act of 1940 and other securities laws. The covered regulations include, but are not limited to, those of the Securities and Exchange Commission (SEC), the Office of the Comptroller of the Currency (OCC), and the Department of Labor (DOL). The incumbent will strive to ensure that the Registered Investment Adviser’s practices always meet government regulations; provide regularly scheduled updates to the Registered Investment Adviser’s Boards of Directors regarding the firms’ implementation of and adherence to all regulatory compliance requirements; and educate, update, and train the Registered Investment Adviser’s staff in all requisite areas of regulatory compliance. This position is responsible for providing strategic leadership, direction, and oversight regarding the Registered Investment Adviser’s compliance risk management programs, including policies, risk assessment, monitoring, reporting, and control framework. The incumbent is responsible for analyzing current and emerging regulatory trends and proposing and implementing recommendations or system solutions to mitigate identified risks. The Compliance Director will manage the related Compliance Managers and Compliance Officers, ensuring compliance with Federal laws and regulations and industry standards. This position is also responsible for continued team member development, employee engagement, and interfacing with partners in Compliance Risk Management for administrative and reporting purposes.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Direct, develop, and oversee the strategic aspects of the Registered Investment Adviser’s compliance program.
- Build and execute a Registered Investment Adviser regulatory compliance monitoring program.
- Manage the oversight of the Registered Investment Adviser’s compliance programs covering SEC, OCC, and DOL laws and regulations.
- Oversee and direct the execution of the Registered Investment Adviser’s compliance risk assessment.
- Manage the process of keeping the firms’ SEC registration documents (Form ADV) up to date.
- Manage all other regulatory filings for the Registered Investment Advisers.
- Serve as a key contact with SEC, OCC, and DOL regulators for regulatory exams.
- Work with lines of business to identify policy and procedural enhancements.
- In reference to new products and initiatives, ensure proper assessment of risks, planning of controls, and adequate execution of those controls.
- Assess the adequacy of Registered Investment Adviser’s recommended corrective actions to identified issues or gaps.
- Develop and report findings to the Registered Investment Adviser’s Senior Management regarding compliance with regulations.
- Provide periodic reports to senior management and Board committees on industry trends, state of the compliance programs, and status of key initiatives.
- Provide compliance subject matter expertise and sponsorship for the lines of business and Bancorp projects, processes, and products.
- Actively promote a solution-oriented environment throughout the Compliance Department.
- Develop and maintain relationships between Compliance Risk Management, management of the Registered Investment Advisers, and Wealth and Asset Management Division business leaders.
- Provide leadership, motivation, coaching, and assessment to ensure optimum team and individual performance.
- Maintain awareness of company goals, regulatory developments, and industry trends.
- Conduct interviews and discussions with senior level managers to understand the Wealth and Asset Management business.
- Work closely with Senior Leadership to set strategic direction for the department.
- Develop and maintain relationships with OCC regulators.
- Maintain networks with industry working groups dedicated to Registered Investment Adviser compliance.
- Participate and/or lead regular meetings with peers to build and maintain knowledge of current and emerging issues and risks.
SUPERVISORY RESPONSIBILITIES:
- Manage staffing of the Compliance teams to ensure optimal performance.
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:
- Education: bachelor’s degree or equivalent work experience required; Master’s degree or law degree a plus.
- 10+ years’ experience in compliance, preferably in the financial services industry.
- 5+ years as a Registered Investment Adviser Chief Compliance Officer or equivalent experience.
- Ability to travel.
- Comprehensive knowledge of SEC regulations, applicable Federal and State Regulations, and banking laws.
- Strong customer service orientation.
- Outstanding verbal and written communication skills.
- Strong organizational and execution skills.
- Ability to effectively interact with all levels of staff.
- Strong leadership and collaboration skills.
- Strong analytical skills required to gather, assess, and present data.
- Capability to lead a team and resolve issues.
OTHER SKILLS:
- Ability to maintain professional composure in a dynamic work environment.
- Willingness to be a contributing and engaged member of the team.
- Establishes and maintains working relationships with peers and supervisory management.
- Adheres to Fifth Third's Core Values of Integrity, Teamwork and Collaboration, Respect and Inclusion, and Accountability.
Total Base Pay Range: 120,400.00 - 241,300.00 USD Annual
LOCATION: Charlotte, North Carolina 28202
Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status, or any other legally protected status.
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