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Description

The Compliance Team Lead will have responsibilities within the compliance program for the Citizens Private Wealth segment of Citizens Wealth Management, including its registered investment advisor, broker-dealer and trust activities. The role ensures that the business is operating in accordance with federal and state laws, regulations and internal policies. This position will be responsible for building, implementing, and continuously improving the compliance framework, promoting a culture of compliance, and mitigating regulatory risks. The ideal candidate must have an in-depth understanding of the regulatory environment, strong leadership skills, and experience working in Wealth Management.

At Citizens, we’re more than a bank and here you’ll experience new things, create new opportunities, think beyond your role, and make an impact! As the Compliance Team Lead- CPW, you will play an integral role in the strategy and implementation of Compliance management throughout Citizens Private Wealth. While in this role, you will lead a team to mitigate risk and assure that Citizen’s businesses are following all applicable laws, regulations, and policies. You will be a lead in the strategy, design, implementation, and enhancement of internal control to mitigate risk daily. Through a team, you will create solutions on compliance issues and escalate to the Compliance Director where appropriate. Additionally, you will work with other compliance officers to determine business needs, strategize, and develop standards and procedures to assure businesses are complying. You will also review resources that relate to current and proposed laws, and regulations that impact Citizen's compliance requirements and implement any changes in a timely manner. Most importantly, as a part of our team, you’re made ready for a fulfilling career with exciting new challenges and opportunities to stretch yourself!

This individual will be the compliance partner who will be responsible for working within the Citizens Private Wealth segment to advise and counsel on applicable SEC, FINRA, MSRB, trust, and state securities regulations applicable to any and all business activities which involve any affiliated broker dealer/RIA or trust business. The individual must possess an expert level knowledge of all applicable rules/regulations related to broker dealer/RIA and trust activities. .

Primary responsibilities include.

• Compliance Program Management:

• develop, implement and maintain a robust compliance program across RIA, BD and Trust functions to ensure compliance with applicable regulations, including SEC, FINRA, state securities laws, and trust regulations.

• oversee and manage compliance policies, procedures, and controls to mitigate risks and ensure regulatory compliance.

• lead compliance efforts related to suitability, fiduciary standards, disclosure obligations, AML (anti-money laundering), and cybersecurity requirements.

• Regulatory Oversight & Reporting

• serve as the point of contact for regulatory agencies (e.g., SEC, FINRA, OCC State regulators) during audits (including internal audits), examinations and inquiries.

• prepare and submit necessary regulatory filings, including Form ADV, Form U4/U5, Dorm BD, and others as required.

• ensure timely and accurate reporting of any regulatory incidents or breaches.

• Risk Identification & Assessment

• Conduct ongoing risk assessments to identify compliance gaps and emerging regulatory issues

• Oversee the management of client complaints, regulatory disclosure, and internal investigations

• Advisory & Training

• Provide subject matter expertise to senior management, financial advisors, operations teams, and other stakeholders on regulatory requirements and best practices.

• Design and deliver regular compliance training programs to employees and management, focusing on key topics such as fiduciary responsibility, AML, conflicts of interest, and privacy laws.

• Support the business in the interpretation of new regulations and compliant business strategies

• Supervision & Leadership

• Manage the compliance team, providing oversight, guidance, and development to ensure a high functioning department.

• Act as a liaison between legal, risk and operational teams to ensure cohesive compliance management across Wealth Management

• Cultivate a culture of compliance within the organization by promoting transparency, ethical decision making, and accountability.

• Audit & Examination Preparation

• Lead the preparation for regulatory audits and examinations and internal compliance reviews.

• Ensure that audit and examination recommendations and compliance enhancements are implemented and documented.

Qualifications:

• Minimum of 10 years of Wealth Management compliance experience with extensive knowledge of relevant securities laws, fiduciary standards, and wealth management business operations..

• Experience reading and interpreting regulations, laws, and statutes.

• Thorough understanding of the rules, regulations, and legal requirements of the SEC, FINRA and general state securities and insurance regulatory requirements pertaining to marketing and advertising in a retail broker/dealer environment.

• Knowledge of compliance related matters within the Retail Broker Dealer and Registered Investment Advisor and Insurance Agency.

• Able to support, present to and appropriately interact with all levels of Management.

• Excellent relationship building and partnership skills.

• Strong communication, collaboration, and technical compliance skills. Should be able to work effectively with others at all levels across the organization and provide authoritative guidance to management and staff within the organization.

• Strong research skills required.

  Education/Series:

• Bachelor’s degree Required.

• Series 7 & 24

• Law Degree optional

Hours & Work Schedule

Hours per Week: 40

Work Schedule: M-F 8:00-5:00

Pay Transparency

The salary range for this position is $127,600-$175,000 per year, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factors including but not limited to the work location, and relevant skills and experience.

We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens’ paid time off policy exceeds the mandatory, paid sick or paid time-away policy of very local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits.

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Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.

Equal Employment Opportunity

At Citizens, we are committed to fostering an inclusive culture that enables colleagues to bring their best selves to work every day. Employment decisions are based solely on experience, performance, and ability. Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.

Equal Employment and Opportunity Employer

Citizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.

Why Work for Us

At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth

Background Check

Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.

12/31/2024