Job Abstract

Provide guidance on complex compliance risk management activities within the Institutional Client Services department of Wilmington Trust.   Execute the 2nd Line of Defense compliance risk management program. Assist in identifying key compliance risk exposures and prioritizing strategies to mitigate key compliance risks.

• Consult with managers of business units on compliance matters.
• Provide timely and thoughtful regulatory expertise in response to business initiatives, line of business guidance requests, internal and external audits, and regulatory examinations.
• Ensure compliance with existing processes and procedures and recommend new ones that most effectively anticipate, manage, and reduce risk to the business.
• Assist in development and communicate recommendations that support adherence to regulations, industry best practices and/or the CRM program.
• Maintain a thorough knowledge and understanding of the laws, rules and regulations with which the business and/or Compliance Risk Management (CRM) must comply and an awareness of issues of recent regulatory focus.
• Develop and/or deliver training to support employees in fulfilling their compliance responsibilities.
• Escalate and measure compliance risk issues to leadership and the lines of business, as well as the 1st and 2nd Lines of Defense, as necessary.
• Liaison with CRM departments as appropriate in the execution of CRM program components.
• Assist in Risk Assessment to identify compliance risk exposure and help the organization prioritize compliance risks.
• Assess compliance issues presented through new/revised product and service offerings and work closely with lines of business to plan a response.
• Work with business units and/or CRM to design a plan  for timely and effective resolution of complex issues identified through monitoring and testing.
• May interact with State and Federal Regulatory Agencies, numerous risk and executive management, lines of business, and support organizations such as Internal Audit and Legal on an ongoing and regular basis to ensure the enterprise is operating within the Board-mandated compliance risk tolerance.

- Provide 2nd Line of Defense coverage to Wilmington Trust Corporate & Institutional Services: Corporate Trust Services, Capital Markets Agency Services, Capital Markets Structured Finance (ABS, MBS), Institutional Custody and Collateral Management Services, Loan Market Solutions

- Supports the 2nd Line of Defense Fiduciary Risk Oversight program through execution of the CRM Program and related initiatives: Requirements & Standards Documentation, Compliance Monitoring Activities, Compliance Control Management, Compliance Risk Assessment (CRA), Participation in Governance Committees, Forums, and Working Groups, Targeted Risk Assessments, Training Initiatives, Regulatory Exam Management support

- Expertise in one or more of the following: Trust Indenture Act (TIA), FDIC Account Administration - Corporate Trust Accounts, Securities Exchange Act of 1934 – Transfer Agent Rules, Regulation AB, Regulation 9 (12 CFR 9, Reg 9), Regulation R

Bachelor's Degree in related field.

6 years’ experience in compliance, legal, audit, risk or other relevant function,

OR in lieu of degree,

A combined minimum 10 years higher education and/or work experience, including 6 years in compliance, legal, audit, risk or other relevant function