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Wealth Risk Oversight Manager

Associated Bank - Corp
parental leave, paid time off, 401(k)
United States, Wisconsin, Milwaukee
111 West Kilbourn Street (Show on map)
Nov 12, 2024

At Associated Bank we strive to create an inclusive culture where different perspectives are valued and recognized as strengths critical to our success. If you thrive in an environment where your growth and development are encouraged and supported, then Associated Bank may be the right place for you.

Oversee all aspect of the independent compliance and operational risk management program ( 2nd line of defense ) specific to the Bank's Wealth, Trust, and Investment business lines. Areas of direct oversight will include, but will not be limited to regulatory compliance advisory and complaint management, compliance and operational control monitoring and testing, compliance risk assessment, mergers and acquisitions, regulatory change management, and regulatory exam management.

This position will work closely with business line operational and risk management to establish and maintain a comprehensive risk management program in alignment with regulatory standards and industry best practices. This position is also required to stay abreast of legislative and regulatory initiatives, monitoring regulatory changes, understanding industry best practice, and assessing enterprise applicability, providing timely technical content for the continued development and maintenance of the corporate wide Compliance Management Program.

This position is not eligible for Visa sponsorship.

Due to work requirements, candidates must be located within commuting distance of Milwaukee or Green Bay, WI.

We invite you to view the opportunity below.

As a Wealth Risk Oversight Manager, you will:

  • Evaluate the soundness of risk methodology and stress testing assumptions, accuracy of risk measurement, and appropriateness of risk limits.
  • Assist in the design, implementation and evaluation of an independent assessment of all aspects of trust and investment services risks.
  • Source internal data and conduct statistical analysis in support of monitoring activities including risk limit levels.
  • Develop, execute and maintain a risk-based compliance and operational risk oversight and monitoring program, used to measure performance against requirements for compliance with applicable corporate, regulatory, banking, and related financial services laws ,regulations, guidance, and best practices, within areas of assigned responsibility.
  • Develop and maintain in-depth knowledge of business, industry and related risk management requirements / best practices / trends and legislative/ regulatory directives and guidance.
  • Partner with Wealth, Trust, Associated Investment Services (AIS), Finance, Credit, and Enterprise Risk Management to promote an effective risk management framework and provides advice and guidance to assigned on implementation of the risk framework, including effective challenge.
  • Review risk metrics and processes to identify potential emerging risks or areas of the governance framework requiring enhancement as well as opportunities for strengthening practices.
  • Identify where corrective actions are required and escalates per guidelines; ensure corrective action is taken as necessary.
  • Lead and integrate the monitoring, measurement & reporting on the status of the market risk governance program to internal & external stakeholders.
  • Aid in the preparation of presentation materials for the Board and senior management risk committees.
  • Represent the risk program / governance structure during internal/external regulatory audits and/or examinations.
  • Consult with management in the development of corporate policies and procedures to ensure compliance with relevant laws and regulations.

Education

  • Bachelor's Degree or equivalent combination of education and experience in Risk Management, Business, or Finance or related field. Required
  • Master's Degree in Business or Finance. Preferred

Experience

  • 8+ years of experience in Wealth, Trust, Regulatory Operations or Wealth Risk Management. Required
  • 12+ years of experience in Wealth, Trust Regulatory Operations or Wealth Risk Management. Preferred

Certifications

  • Certification in Risk Management (CRMA). Preferred

  • CFIRS Certified Fiduciary & Investment Risk Specialist. Preferred

  • Certified Trust Operations Professional (CTOP). Preferred

  • Certified Trust and Financial Advisor (CTFA). Preferred

  • Wealth Management Certified Professional (WMCP). Preferred

In addition to core traditional benefits, we take pride in offering benefits for every stage of life.

  • Retirement savings including both 401(k) and Pension plans.

  • Paid time off to volunteer in your community.

  • Opportunities to connect with others through our diversity-focusedColleague Resource Groups.

  • Competitive salaries with professional development and advancement opportunities.

  • Bonus benefits including well-being programs and incentives, parental leave,anemployee stock purchase plan, military benefits and much more.

  • Personal banking, loan, investmentand insurance benefits.

Associated Bank serves more than 120 communities throughout Wisconsin, Illinois and Minnesota and we consider our colleagues critical to our continued success. See why our colleagues continually vote us a best place to work in the Midwest.Join our community onFacebook,LinkedInandX.

Compliance Statement

Associated Bank is an equal opportunity employer committed to creating a diverse workforce. We support a work environment where colleagues are respected and given the opportunity to perform to their fullest potential. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

Fully complies with all applicable enterprise policies and procedures. Acts in compliance with all applicable laws and regulations as outlined in training materials, including but not limited to Bank Secrecy Act. Responsible for reporting suspicious activity to Financial Intelligence. Responsible to report all customer complaints as prescribed and procedure violations to management or HR.

Responsible to report ethical concerns as needed to Associated Bank's anonymous Ethics Hotline.

Associated Bank provides additional assistance to individuals with disabilities throughout the application & interview process. Please contactleavesandaccommodations@associatedbank.comif you need an accommodation at any time during the interview process.

Associated Banc-Corp is an Affirmative Action andEqual Opportunity Employer. Associated Banc-Corp participates in the E-Verify Program. E-Verify NoticeEnglish or Spanish. Know Your Right to WorkEnglishorSpanish.

Associated Bank isPay Transparencycompliant.

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