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Truist Senior Compliance Officer in Raleigh, North Carolina

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Regular or Temporary:

Regular

Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

Responsible for conducting and directing compliance risk oversight of assigned business units and/or functions. Leads and executes compliance risk management activities to reasonably ensure compliance with the Enterprise Compliance Management Policy and Framework.

Strategic / Business Rationale: The position is responsible for executing the day-to-day Compliance Program obligations of GFOAS, which is an SEC Registered Investment Advisor (“RIA”) to a private fund complex.

GFOAS Compliance Program responsibilities include, but are not limited to:

  • Tracking, reviewing, and analyzing private fund regulatory updates and assisting with implementing necessary changes across the GFOAS/TIS/TAS. Specifically, managing GFOAS through the new SEC Rule on Private Fund Advisors and related obligations.

  • Ability to manage essential private fund adviser compliance obligations, including policy and procedure development/review, disclosures/attestations review, issues identification/management, risk assessment, governance support, annual compliance report support, etc.

  • Advanced knowledge regarding different types of private funds (e.g., fund-of-fund, hedge funds, private equity funds and other pooled vehicles).

  • Responding to different regulatory examinations and inquiries pertaining to the private fund complex.

  • Compliance advisory support for client/prospect materials (e.g., PPMs, factsheets, investor communication) for hedge funds or private equity funds.

  • Experience with regulatory investment guidelines and restrictions.

  • Experience reviewing private fund exceptions (e.g., net asset value exceptions, investor qualification exceptions).

  • Execute Private Fund Advisor regulatory filings including but not limited to SEC Form D, Form PF and NFA filings.

  • Familiarity with CPO & CTA., as well as corresponding rules and regulations.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

  1. Interpret new or existing laws, rules and regulations that are complex and multifaceted and use that knowledge as a subject matter expert to communicate requirements and expectations to assigned areas of responsibility.

  2. Analyze existing policies, procedures, processes and controls to determine gaps. Lead or assist in leading compliance initiatives necessary in implementing changes.

  3. Analyze and provide guidance on complex compliance actual and emerging risk scenarios within business units and/or functions.

  4. Develop Risk Committee materials, including evaluation of program effectiveness, level and direction of risks, key and emerging risks, and status of previously-identified risk and control issues.

  5. Communicate with management and regulators with respect to compliance risk management activities and regulatory examinations.

  6. Implement strategies and methods related to the compliance risk management framework within the organization, including quality assessments, key risk, and performance measurement data, along with oversight monitoring and mitigation strategies.

  7. May manage other Compliance teammates and serve as mentor to other Compliance Officers and Analysts.

  8. Partner with LOB leaders and other senior Truist teammates to execute on key strategic initiatives for the company, providing counsel and oversight in a collaborative, business savvy and team-first manner.

QUALIFICATIONS

Required Qualifications:

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  1. Bachelor's degree in Business, Economics, Finance, or Accounting, or an equivalent combination of education and work experience

  2. Eight years of financial institution experience

  3. Five years of direct experience in compliance

  4. Demonstrated experience with regulatory agencies, requirements, and/or regulatory compliance.

  5. Strong communication skills, both verbally and written, and the ability to communicate and interact with all levels of management

Preferred Qualifications:

  1. MBA, Juris Doctorate or other advanced degree.

  2. Eight years of compliance experience, with five years at medium to large financial institution

  3. Prior supervisory or management experience.

  4. Certified Regulatory Compliance Manager (CRCM)

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site (https://benefits.truist.com/)

. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Truist is a Drug Free Workplace.

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