What are the responsibilities and job description for the Risk and Compliance Expert position at Midland States Bank?
About the Role:
The Risk and Compliance Specialist will be responsible for providing service and support to the Wealth Management (WM) Risk and Compliance program. This program aims to minimize business risk and optimize efficiency of the WM business unit.
Key Responsibilities:
- Perform file reviews and ad hoc audits to ensure compliance with policies and procedures.
- Evaluate accounts to ensure they are being managed in accordance with administrative and investment policies, as well as regulatory requirements.
- Draft written reports detailing quality assurance and compliance monitoring results.
- Track policy and compliance exceptions to ensure timely resolution.
- Maintain a high level of awareness and knowledge of regulatory compliance requirements.
- Gather request list items for audits and exams.
- Participate in the WM Compliance Committee meetings.
