What are the responsibilities and job description for the VP Trust Regulatory Operating Officer position at AmeriServ Financial Inc.?
SUMMARY OBJECTIVE:
The position is responsible for the oversight and management of fiduciary regulatory operating and reporting of the Wealth and Capital Management Division. Position requires critical thinking and ability to communicate findings professionally to colleagues, their supervisor, and senior management. The position is likely to be involved in highly sensitive situations and is expected to demonstrate strict confidentiality. Position is expected to maintain a robust understanding of risk management policies and procedures.
ESSENTIAL FUNCTIONS:
1. Develop and implement regulatory operating best practices policies and procedures.
2. Analyze and evaluate potential operating regulatory risks and hazards.
3. Compile and oversee Fiduciary Tax reporting communications, documentation and external coordination.
4. Recommend, develop and implement operational regulatory risk mitigation plans.
5. Collaborate with other departments to identify and manage regulatory reporting and operating risks associated with their activities.
6. Monitor and report on the effectiveness of operating strategies, plans and audit resolutions.
7. Provide training and support to staff on regulatory operational best practices.
8. Stay current with emerging trends and developments in Trust Fiduciary, regulatory operating and tax reporting best practices and risk management.
9. Perform research both independently and under supervision.
10. Assist in compiling requested documentation as requested by internal and external auditors and regulators during examinations.
11. Additional duties as assigned.
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
SUPERVISORY RESPONSIBILITY:
This position will require supervision of one Trust Clerk.
WORK ENVIRONMENT:
This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.
PHYSICAL DEMANDS:
The employee is frequently required to: 1) Type or otherwise work with fingers; 2) Talk expressing or exchanging ideas by means of the spoken word. Those activities in which they must convey detailed or important spoken instructions to other workers or clients accurately, loudly, or quickly; 3) Hearing – perceiving the nature of sounds at normal speaking levels with/without correction. Ability to receive detailed information through oral communication and make the discriminations in sound. 4) Specific vision abilities required by this job include viewing a computer monitor and extensive reading.
Sedentary work may require occasionally lifting of up to 10 pounds and/or move up to 25 pounds. This work involves sitting most of the time with walking and sitting.
TRAVEL:
No travel is required unless for training and/or conferences.
COMPETENCIES:
1. Communication Proficiency (Written and Oral)
2. Strong Analytical Skills
3. Computer Skills
4. Interpersonal Skills
5. Deadline Oriented
6. Ethical Conduct
REQUIRED/ PREFERRED EDUCATION and EXPERIENCE:
Minimum of bachelor’s degree in finance, economics, business administration or a related field. At least 10 years’ experience in a related field (Banking, Trust, finance auditing, accounting). Professional certification such as Certified Public Accountant (CPA), CRMA, or CFIRS, or other relevant certification (from ABA, Cannon or other) required. Knowledge of Risk management frameworks and methodologies. Ability to work under pressure and meet deadlines.