Trust and Estates/Attorney/In House/Minneapolis, Minnesota
Location: Minneapolis Minnesota
Description: GCC Consulting is presently looking of Trust and Estates/Attorney/In House/Minneapolis, Minnesota right now, this position will be placed in Minnesota. More details about this position opportunity kindly read the description below. Compliance Representative Associate Institutional Trust and Custody Duties: Will be responsible for providing compliance support to Institutional Trust and Custody (IT&C), a division that provides investment management, asset safekeeping, transaction settlement, statement provision, investment reporting, distribution processing, tax-return filing and tax withholding services as trustee and custodian for qualified and non-qualified employee benefit plan assets of corporate, governme! nt, and other employers; IRAs; pooled funds; general corporate! assets; insurance companies; and other entities. This position is responsible for ensuring that IT&C products and processes are in compliance with various laws and regulations, including ERISA, securities, banking and tax law, and business line procedures. Supporting the business line (IT&C) by providing compliance advice and acting as a consultative resource; analyzing new and pending changes in governing law and assisting in the division s preparedness efforts for compliance with such changes; supporting Corporate Quality Assurance (CQA) during reviews of IT&C products, services and processes and assisting in the CQA team s assessment of compliance with applicable laws, regulations, policies and procedures; reviewing and assessing new products and changes in existing products and processes through U.S. Bank s business change risk assessment process. Assessing IT&C compliance with law and procedures through participation in the Enterprise Compliance Risk Assessment (ECRA)! process; providing compliance advice on IT&C governance matters, review and development of policies and procedures; management reporting and regulatory reporting; partnering with appropriate support groups, including risk management, internal legal counsel, corporate audit and external regulators; researching and analyzing root causes of non-compliance events; and assisting in due diligence efforts. Working collaboratively with other Wealth Management business lines, risk management, and legal on ERISA or other related matters to ensure compliance. Supporting IT&C in preparing and training for regulatory compliance.
Basic Qualifications: Law degree. A Bachelor's degree, or equivalent work experience. Relevant compliance/risk and operations professional certification preferred. 3-5 years of related experience, including regulatory compliance and/or risk management and institutional trust business line experience preferred. Working knowledge of ERISA and rela! ted advisory opinions and prohibited transaction exemptions, Internal R! evenue Code, fiduciary principles, laws and regulations and designated authorities for banking activities with jurisdiction, examination and enforcement powers (DOL,OCC, SEC, Corporate Audit) is preferred. Thorough knowledge of U.S. Bank trust operations, policies and procedures. Excellent verbal and written communication skills. Ability to research and manage multiple projects and deadlines simultaneously. Ability to work as an individual contributor, as well as a team member. Excellent project management skills.
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If you were eligible to this position, please email us your resume, with salary requirements and a resume to GCC Consulting.
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This position starts available on: Wed, 12 Feb 2014 11:57:00 GMT
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