Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $88.2 billion at September 30, 2012. Its primary subsidiary, Union Bank, N.A., is a full service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operated 402 branches in California, Washington, Oregon, Texas, Illinois, and New York as well as two international offices, on September 30, 2012. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE: MTU), one of the world's largest financial organizations. Visit
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Reporting to the Chief Fiduciary Risk Officer, the TISC Compliance Management Director will assist in the identification of assigned compliance risk. The Compliance Mgt Director will manage enterprise wide project teams for implementation and communication of new or modified regulations for which the Trust & Investment Services Compliance Group is responsible for and the programs and processes needed to mitigate the compliance risk across the enterprise. The Risk Director will supervise professional staff providing them with strategic and day to day direction in their assigned responsibilities, as well as in the design and execution of large/complex projects.
Keep up to date on changes in federal and state banking laws and regulations impacting the enterprise, FINRA and SEC rules. Lead formal and ad-hoc working committees in developing the protocol to implement new and changed rules and regulations related to compliance risk across the enterprise. Ensure changes necessitated by new or revised laws and regulations are appropriate, and are made in a timely manner. Recommend policy and procedural changes that may affect the enterprise to ensure uniformity, efficiency, and effectiveness and ensure timely execution ("best practices"). (30%)
Provide enterprise wide technical assistance and information on assigned regulatory matters. Ensure that compliance issues raised by new products or operating system changes are adequately evaluated and addressed prior to product approval or system modification/implementation. Identify training needs and coordinate across the enterprise to ensure that all applicable staff is kept up to date on pertinent rules, regulations and procedures. Create and maintain on-line general Reg 9 training and, if needed, general fiduciary training for affiliates and subsidiaries. (30%)
Maintain and review fiduciary compliance program. Coordinate, complete and maintain the enterprise wide compliance risk assessment and assessments of fiduciary risk in individual departments. Identify risk trends and/or symptoms of process control breakdowns and develop new metrics as needed. Recommend to Group/Division executive corrective action required and monitor for resolution. Review, approve, monitor and report fiduciary policy variances. Keep the Chief Fiduciary Risk Officer informed of compliance issues and status of implementation of new compliance initiatives. (30%)
Act as backup for the Chief Fiduciary Risk Officer as needed. (10%)
Comprehensive knowledge and experience in fiduciary risk management, typically acquired through 10+ years of progressively complex responsibilities in the trust/fiduciary area.
Experience in FINRA and SEC rules and compliance with same by Registered Investment Advisors and Broker Dealers.
Industry certification, such as the Certified Fiduciary and Investment Risk Specialist (CFIRS) or other professional degree or designation (such as a law degree) demonstrating in-depth knowledge of Fiduciary regulatory compliance.
Ability to communicate in an open, candid, clear and consistent manner, both verbally and in writing. Persuasive and self-confident with the skills to interact effectively with all levels of staff and management. Must be inquisitive and be able to probe for new ideas and solutions. Strong analytical and consultative skills focused on problem solving and process improvement.
Must have proven project management skills in leading taskforces that cross multiple lines of business. Ability to maintain independence while still working effectively with and directing staff members that do not organizationally report to the position. Consider and manage various points of view when leading a project team.
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
Union Bank is committed to leveraging the diverse backgrounds, perspectives, and experiences of our workforce to create opportunities for our people and our business. EOE. M/F/D/V.
Union Bank is a full-service bank with offices across the United States. We provide a wide spectrum of corporate, commercial, retail banking...