Apply now »

Compliance Associate

POSITION SUMMARY

Under general direction, this individual contributor conducts compliance reviews of files, bank records, and operating procedures to determine adherence to securities and trust regulations and makes recommendations relating to process changes, training, and/or corrective action to business line management in order to fulfill regulatory requirements for the Beacon affiliates of Provident Financial Services. Must possess knowledge of applicable federal and state regulations, including but not limited to Investment Adviser’s Act, Investment Company Act, Department of Labor Rules, State Rules, Regulation R, E-Sign Act, etc. A certain degree of creativity, diplomacy and latitude is required.

 

MAJOR JOB RESPONSIBILITIES

  • Conducts compliance monitoring review and testing of various controls in accordance with SEC Rules 38a-1, 206(4)-7, Investment Advisor’s Act, Investment Company Act, trust codes, and any other applicable regulatory body rule sets; effectively documents and communicates report results and provides recommendations

  • Analyzes and appraises current state processes, gap analysis and implementing steps to develop end state aligned to regulatory guidance in conjunction with Beacon Chief Compliance Officer
    Conducts follow up with shared services business units and other functions on items as directed by Beacon Chief Compliance Officer, including implementation and status of monitoring review recommendations and/or findings and escalates unresolved issues appropriately on behalf of Beacon

  • Coordinate and assist the Beacon Chief Compliance Officer with policy and procedure implementation,  systems, training, or controls to reduce risk for Beacon Trust.

  • Participates in administration functions of the Beacon Compliance Department, including assisting with regulatory and internal exams, due diligence requests, regulatory inquiries, customer complaints, and special requests inclusive of gathering of data and providing to the appropriate bodies including production of board and committee materials.  

  • Completes other related duties as assigned
     

 

SUPERVISORY RESPONSIBILITIES

       None

 

SKILLS AND TRAINING

 

  •     Knowledge of laws, regulations, and guidance related to Investment Adviser’s Act, Investment Company Act, Uniform Trust Code, and SEC standards.
  •     General knowledge of financial products and various fiduciary standards. 
  •     Knowledge RIA and Trust operations, industry standard practices, and applicable laws, regulation, rules, statues and codes and their practical applications. Bank and Insurance knowledge is also preferred.
  •     Familiarity with SalesForce and custodian-based platforms
  •     Must have excellent analytical, problem-solving and time management and organizational skills to handle multiple projects and priorities simultaneously; must be a proactive self-starter.
  •     Must possess strong oral and written communications skills; must be comfortable with fast-paced environment.
  •     Ability to read, analyze, and interpret standard banking documents. Ability to respond effectively to sensitive inquiries or complaints. Ability to write/create reports.
  •     Ability to clearly present analysis performed in a written and oral manner.
  •     Proficiency in Microsoft Office suite of products (Word, Excel, PowerPoint).

 

EDUCATION

  • Bachelor’s degree and/or experience equivalent.

 

WORK EXPERIENCE

  • Minimum of 5 years of experience in the financial services industry is preferred

 

LICENSES AND/OR CERTIFICATES

        Licenses and Certifications                                                              

           None

   

WORKING CONDITIONS

       Work is performed in a normal office environment.  Noise levels are usually moderate.

 

HAZARDS

       The hazards are mainly those present in a normal office setting.

 

This job description may not be all-inclusive.  Employees are expected to perform other duties as assigned and directed by management.  Job descriptions and duties may be modified when deemed appropriate by management.

 

Featured benefits

  • Medical/Dental/Vision Insurance
  • Flexible Savings Account
  • 401(k)
  • Tuition Disbursement and Reimbursement
  • College Loan Pay Down Program
  • and other great benefits

 

Consent for review and conditions of eligibility for the role

Provident Bank, Beacon Trust and /or Provident Protection Plus require consent to conduct a comprehensive background check. This background check will be tailored to the specific requirements of the position for which you are applying. These reviews may include, but are not limited to, items such as:

  • Verification of employment
  • Verification of educational background and degrees
  • Criminal records check
  • Civil records check
  • Credit history check
  • Verification of professional licenses and certifications (if applicable)
  • Web CRD records (if applicable)
  • Any records related to federal, state, and/or local statutes
  • Any records related to Code of Ethics adherence (if applicable)
  • Any other records requested in connection with questions on the candidate’s backgrounds

The scope of the background check will be determined based on the level and responsibilities of the role. The results of the background check will be used solely to assess suitability for the specified position. Any false information, omissions, or failure to provide consent to undergo these reviews may disqualify a candidate from employment.

 

 

Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here.

 

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.

 

    

    *LI-POST   

Why Beacon Trust

When it comes to preserving and growing your wealth, you need an experienced firm to work with you through every financial phase of life, clearly understanding your goals today and tomorrow. No matter what phase you happen to be in, Beacon Trust has the knowledge, experience and services to guide you forward.

Mission Statement

We understand that clients look to us for collaboration and, more importantly, leadership in developing sound and effective wealth management plans. “Innovating Wealth Strategy” articulates what we do and what we believe in.

It speaks to our inherent drive to deepen every client relationship and to make every client’s experience enriching and productive. Since each client is different, so too are the paths to their respective financial goals. That is why we base our asset allocation strategies on ‘your’ personal financial risk preference–not ours.

Therefore, to successfully guide our clients, it is essential that we have the deepest understanding of what they are looking to accomplish financially, both today and tomorrow.

Apply now »