Senior Compliance Analyst - Testing
MILLENNIUM TRUST COMPANY is a rapidly-growing, leading financial services company offering specialized retirement and institutional services. Whether clients are managing corporate retirement assets, running a business or wanting choice beyond traditional asset options, we provide flexible and digital solutions to support our clients’ success. Ultimately, we aim to educate and increase access to investments to help our clients on their journey to retirement readiness, but do not provide investment advice.
Millennium Trust has experienced year-to-year double digit growth and prides itself on its strong, progressive culture. We have been recognized for our tremendous growth on lists, such as Crain’s Fast 50 and Inc. 5000, and have also been recognized for our positive workplace culture on the 2019 Best Places to Work in Illinois list, as well as the 2019 Model Workplace Award and 2018 Champion for Young Professionals Award from the Greater Oak Brook Chamber of Commerce. Millennium Trust employees live out the values of Do Right, Excel, Collaborate, Innovate and Celebrate and deliver the brand promise of going “Above and Beyond,” so each client experiences the highest level of service.
We are always looking to expand our growing team with dynamic and enthusiastic individuals. If you enjoy a collaborative, fun environment that encourages career development, Millennium Trust is the place for you!
POSITION SUMMARY:
The compliance testing and monitoring programs act to add value to the Company by ensuring compliance with policies, procedures, laws and regulations while providing feedback to management to help improve operations. Under the direction of the Compliance Manager – Testing, the Senior Compliance Analyst – Testing is responsible for the timely execution of risk-based internal compliance reviews, assisting with compliance projects, and proactively identifying risks within the firm and presenting recommendations for improvements. An ideal candidate will have an entrepreneurial spirit and enjoy working in a fast-paced environment within a growing firm.
ESSENTIAL JOB FUNCTIONS:
- Perform objective compliance testing of assigned areas in the established timelines
- Review applicable risk assessments, policies, procedures, forms, agreements, rules, and regulations
- Conduct interviews and observe processes
- Document process flowcharts
- Pull testing samples and document testing results
- Identify reportable issues and the associated dimension of risk
- Provide guidance and recommendations for remediation plans
- Draft compliance reports including findings and action plans
- Organize and ensure timely completion and/or reporting of management deliverables
- Promote a culture of compliance and foster constructive relationships with internal departments to support the achievement of business goals
- Build and maintain an understanding of MTC department’s policies, procedures and technology system capabilities to effectively identify potential risks
- Assist and lead the completion of the annual risk assessment program
- Provide guidance and training to the Compliance Analyst – Testing and other business areas as needed
- Assist with monitoring and other Compliance campaigns and initiatives
- Other tasks and duties as assigned
EDUCATION, EXPERIENCE AND SKILLS REQUIRED:
- Bachelor’s degree required; focus on accounting or finance preferred
- 3-5 years of applicable experience
- Strong interpersonal and relationship building skills
- Clear and consistent written and verbal communication
- Team player mentality with a positive attitude and the ability to work well with different personalities
- Detail-oriented, organized and dependable
- Ability to adapt to change quickly, reprioritize projects, and manage multiple tasks to completion
- Proactive and analytical, able to problem-solve and propose solutions
- High ethical standards
- Ability to examine and present findings with an unbiased attitude and detached approach
- Strong computer aptitude with proficiency in Microsoft Outlook, Excel and Word
- Knowledge of retirement and custody accounts or the willingness and ability to learn
PREFERRED SKILLS:
- Prior work experience in a financial services industry, in compliance, or as an auditor
- Knowledge and experience of IRA/IRS rules and regulations
- Certified IRA Services Professional (CISP) certification
- Knowledge of retirement and custody accounts
- Experience with data visualization and reporting tools, including Microsoft Visio
- Strong writing skills, specifically, the ability to draft memos and audit reports
OTHER REQUIREMENTS:
- Infrequent travel; may need own transportation from time to time
- Ability to work occasional overtime
Check out a video on our Company Culture! Millennium Trust Culture