Compliance Analyst, Compliance

FuturePlan is the nation’s largest third-party administrator (TPA) of retirement plans, partnering with advisors in all 50 states. FuturePlan delivers the best of both worlds: high-touch personalized service from local TPAs backed by the strength and security of a large national firm, Ascensus. Our roots go back decades, with nearly 30 outstanding legacy firms now joined together to deliver unmatched levels of service, innovation and expertise to a fast-growing client base from coast to coast. The FuturePlan team includes more than 500 credentialed plan professionals, 60 actuaries, and one of the industry’s largest in-house ERISA teams. Learn more at FuturePlan.com.

Section 1: Position Summary

The Senior Compliance Analyst position is responsible for ensuring that the Trust Division adheres to all appropriate compliance, policies, procedures, laws and regulations. The individual in this role primarily services the review processes for the Trust Division and related programs and engages in Trust Division BSA/AML/OFAC regulatory compliance. This compliance position works closely with the business, legal, and risk management functions to provide expertise on regulatory compliance matters, assess and measure compliance and related risks and monitor and test the adequacy of the firm’s compliance control environment. Specific responsibilities include program elements such as SAR review and filing, OFAC and 314a requests, client due diligence, subpoena fulfillment, develop and provide BSA/AML training and manage and execute the Trust compliance testing program.

Section 2: Job Functions, Essential Duties and Responsibilities

• Prepare, implement, and monitor firm compliance policies and procedures to ensure accuracy, relevance, and compliance.
• Serve as a support for the day-to-day Bank Secrecy Act/AML related tasks.
• Manage compliance with BSA/AML/OFAC by performing BSA and OFAC risk assessments, developing new processes and procedures to adapt to changing product lines and regulations.
• Review alerts generated by the monitoring system concerning customer transactions for unusual or suspicious activity and when needed prepare SAR draft for approval and filing.
• Perform OFAC alerts review that are generated by the internal system; conduct 314(a) searches in compliance with the Information Sharing requirements of the USA PATRIOT Act.
• Collaborate with the ERISA Department in fulfilling subpoena requests and any other applicable requests.
• Conduct periodic reviews of high-risk accounts and customers and conduct customer due diligence (CDD reviews).
• Conduct and research investigative referrals utilizing internal and external database and document findings.
• Assist in the development of training material and program for Trust associates and the Trust Board of Managers.
• Assist in the coordination and support for internal and state regulatory exams and audits.
• Prepare and provide routine data, documents, and reports for Trust Board meetings.
• Review marketing and communications.
• Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to Ascensus or our clients.
• Our I-Client service philosophy and our Core Values of People Matter, Quality First and Integrity Always® should be visible in your actions on a day to day basis showing your support of our organizational culture.
• Assist with other tasks and projects as assigned.

Supervision 

• N/A

Section 3:  Experience, Skills, Knowledge Requirements

Experience

• Bachelor’s degree in related field or equivalent experience
• 3 to 5 years of industry experience in a compliance or regulatory role
• Prior experience in AML/KYC, Financial Crimes, Transaction Monitoring and CDD
• Prior experience with internal audits and regulatory examinations
• An audit or compliance monitoring/testing background with a strong risk and control mindset is preferred.
• Experience in developing and delivering solutions that meet the needs of the organization.
• Familiarity with MS-Office software applications, including Excel, PowerPoint, Word, Access & Vision

Skills

• Strong attention to detail and the ability to prioritize, manage tasks and meet in connection with business operations, including related ERISA compliance matters.
• Ability to multi-task and respond to unplanned issues while adhering to aggressive deadlines for multiple initiatives.
• Ability to proactively and independently research issues, gather evidence, and successfully work with various departments.
• Exceptional oral, written, and presentation skills with a demonstrated ability to communicate effectively across all functional areas and levels of seniority.
• Self-motivated, proactive, and energetic team player.
• Ability to proactively identify areas for process improvement, and to turn recommendations into actions.
• Detail-oriented, Word, Excel, and Outlook proficient, flexible, committed to quality.

Knowledge

• In-depth knowledge of banking/trust laws and regulations. Functional IRS Code and ERISA knowledge and a working understanding of relevant aspects of a financial services organization.
• In-depth knowledge of and proficiency with BSA/AML laws and regulations.

Be aware of employment fraud. All email communications from Ascensus or its hiring managers originate from @ascensus.com or @futureplan.com email addresses. We will never ask you for payment or require you to purchase any equipment. If you are suspicious or unsure about validity of a job posting, we strongly encourage you to apply directly through our website.