Fiduciary Compliance Officer

: Work Days: Monday - Friday | Hours of Operation: 8:00am - 5:00pm

Why Broadway Bank: We are one of the largest independently owned banks in Texas with offerings in personal and private banking, wealth management, business banking and mortgage lending.

Position Overview:

The Fiduciary Compliance Officer role operates under the guidance of the Director of Wealth Management Compliance & Risk and tasked with ensuring the bank's adherence to all pertinent laws and regulations. Key responsibilities include conducting tests and monitoring compliance activities, generating and analyzing compliance-related reports, and compiling Broadway's business continuity plan. This position acts as a compliance generalist with specialized expertise in wealth management and investment advisory compliance areas.

Essential Functions:

• Performs regular audits and reviews of fiduciary activities and accounts to ensure all actions are aligned with fiduciary obligations, applicable laws and regulations. Identifies issues, provides recommendations for improvement, and assists in implementing corrective action.
• Conducts periodic monitoring and audits for transactions subject to Reg U and Reg W and reviews Americans with Disabilities Act (ADA) policies to ensure compliance across various departments. Identifies issues and assists in implementing corrective actions as needed.
• Collaborates with departments to ensure critical functions are accounted for in the bank's Business Continuity Plan (BCP) and updates the BCP to reflect changes in business environment, organizational structure, and emerging risks.
• Performs loan and deposit monitoring functions related to Reg O, compiles reports, and manages documentation to support audit and examination activities.
• Acts as a resource on compliance related questions and concerns. Stays abreast of new and amended laws, regulations, and guidelines, ensuring bank compliance. Assists in the development and revision of procedures, forms, and disclosures in response to regulatory changes.
• Provides research and guidance on compliance matters, assisting bank officers and employees with questions and the implementation of new products and services.
• Maintains a solid working knowledge of laws and regulations specific to wealth management, management and investment advisory services, including but not limited to 12CFR9, Regulation 9, ERISA, and the Department of Labor's PTE Rule, and is able to apply that knowledge toward development and implementation of a compliance oversight program for those areas.
• Engages in team and committee collaborations, offering compliance insights and updating policies and procedures, particularly focusing on loan-related and trust regulations.
• Develops compliance training materials and performs training for employees to promote awareness of fiduciary and regulatory compliance standards across the organization.
• Works closely with Wealth Management, Risk. Compliance, and Audit teams to ensure a unified approach to managing regulatory obligations.
• Plays a key role in the development and maintenance of the compliance management system.
• This position may require travel within the Bank's geographic area.

Experience & Education:

• 2+ years of experience in bank regulatory compliance, risk management or examination, or 5 years in bank auditing.
• A Bachelor's degree or equivalent work experience is required.

Skills & Qualifications:

• In-depth knowledge of banking laws, regulations, and guidelines, with the ability to apply this knowledge in a practical context.
• Proficiency in regulatory frameworks related to wealth management and investment advisory services.
• Strong analytical skills for creating and interpreting compliance reports.
• Effective communication skills, capable of articulating compliance requirements to all levels of bank staff and management.
• Ability to work independently and manage multiple tasks and projects.
• Proficient in using word processing and spreadsheet software.
• Detail-oriented with a commitment to high standards of compliance practice.
• Capacity to support and facilitate audit and examination processes.

Other Requirements:

• Demonstrated ability to work effectively with all levels of bank staff and the board of directors.
• Demonstrated proficiency in Microsoft Office Suite or similar applications.
• Requires the ability to lift, carry, push, pull weights or otherwise move objects weighing as much as 10 lbs. on a regular basis and/or for extended periods of time during the workday.
• Occasional overtime or extended hours may be required.

We're a culture that offers resources to benefit your overall health and well-being:

• Career Development and Mentorship Programs
• Generous paid time off, minimum 4 weeks
• Employee recognition, awards, and events
• Free vision insurance
• Retirement matching
• Tuition reimbursement