Bessemer Trust
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Head of Bank and Fiduciary Compliance
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Bessemer Trust Join to apply for the
Head of Bank and Fiduciary Compliance
role at
Bessemer Trust Get AI-powered advice on this job and more exclusive features. Description
Read all the information about this opportunity carefully, then use the application button below to send your CV and application.
This position reports directly to the organization’s Chief Compliance Officer. The ideal candidate should have a minimum of 15+ years of experience working in a senior compliance role within a bank or trust company, with relevant bank examiner experience also a plus. Serving in a strategic role as the subject matter expert in banking and fiduciary compliance, the candidate should have a deep understanding of relevant banking and fiduciary laws, rules, and regulations, including OCC’s Regulation 9, in the context of an organization focused on wealth planning, fiduciary and investment management, and family office services, is essential. Description
This position reports directly to the organization’s Chief Compliance Officer. The ideal candidate should have a minimum of 15+ years of experience working in a senior compliance role within a bank or trust company, with relevant bank examiner experience also a plus. Serving in a strategic role as the subject matter expert in banking and fiduciary compliance, the candidate should have a deep understanding of relevant banking and fiduciary laws, rules, and regulations, including OCC’s Regulation 9, in the context of an organization focused on wealth planning, fiduciary and investment management, and family office services, is essential.
Responsibilities
Oversee and continuously enhance the compliance risk management, testing, and surveillance programs for the firm’s bank holding company, and its national and state-chartered banks and trust companies. Collaborate with Legal colleagues to develop, implement, and maintain compliance policies and procedures. Monitor and track relevant regulatory developments (e.g., FRB, OCC, FDIC, CIMA, and applicable state laws) and industry best practices. Work closely with Client and Wealth Advisors, as well as investment, finance, technology and operational teams, to design and implement effective operational policies and procedures. Support and assist in managing regulatory examinations and internal audits. Lead and mentor a team of compliance professionals, fostering a culture of excellence. Assist in overseeing the organization’s core compliance program, including the Code of Ethics. Liaise closely with the firm’s designated AML/BSA/OFAC Officer. Serve as a resource to governance committees and participate in meetings as appropriate. Develop and conduct compliance-related training to ensure regulatory expectations are met and promote a culture of compliance.
Qualifications
Extensive senior-level compliance experience in the banking, wealth management and/or fiduciary industry. Deep knowledge of relevant banking and fiduciary compliance laws, rules, and regulations (e.g., Regulation 9, Regulation O, Regulation W, GLBA & Regulation P, Regulation R, ERISA, USA Patriot Act). Significant experience interacting with regulators and auditors, managing regulatory examinations, and tracking related issues. Proven leadership experience in managing and mentoring compliance teams. Strong ability to identify and escalate issues appropriately while maintaining a diplomatic approach in collaborating with staff at all levels, as well as legal and operational partners. Excellent verbal and written communication skills with the ability to influence outcomes and present complex topics in an actionable manner to senior and executive management. Demonstrated ability to innovate, particularly in implementing technology-driven compliance solutions. Knowledge of proprietary mutual fund operations within a bank, trust company, or wealth management environment (preferred). Familiarity with automated Regulation 9 Account Review platforms. Familiarity with broker-dealer operations and compliance (FINRA Rules) (a plus). Familiarity with insurance advisory operations and compliance (State Licensing requirements) (a plus). Understanding of bank investment management processes (a plus). Prior experience as a bank examiner (a plus). Relevant certifications (e.g., FIRMA, CFIRS, CAMS) (a plus). A law degree is beneficial but not required. An approachable, dedicated, collaborative, and diligent work style.
The base salary range for this position is $250,000 - $320,000. Actual salaries will vary and will be based on various factors, such as skills, experience, and qualification for the role. It is not typical for offers to be made at or near the top of the range.
In addition, this position may be eligible for a discretionary incentive based on individual and company performance.
Eligible employees may participate in a 401 (k) program with a company profit sharing contribution, medical, dental, vision, life insurance and disability coverage and paid holidays, vacation, and sick days.
About Bessemer Trust
Bessemer Trust is a family office, overseeing more than $200 billion in assets for over 3,100 individuals and families of substantial wealth. Its more than 1,200 employees are singularly focused on private wealth management — disciplined investment management, sophisticated wealth planning, comprehensive family office services, and highly personalized client service. Established in 1907 as the family office for Annie and Henry Phipps, Bessemer Trust is in its seventh generation of ownership by the Phipps family. As a self-made entrepreneur, Henry Phipps was a founding partner and chief financial officer of Carnegie Steel. Bessemer Trust retains its original focus as a privately owned and independent wealth manager deeply committed to its mission of providing peace of mind to its clients. Bessemer’s adherence to putting clients’ interests first, fiduciary mindset, and highly collaborative culture are at the heart of everything the firm does.
Key Facts
For more than 118 years, Bessemer Trust has operated continuously in a single line of business, independently owned by one family. Headquartered in New York’s Rockefeller Center, Bessemer Trust has 22 offices in total. Woodbridge, NJ, is one of the firm’s largest offices, which hosts a wide range of technology and operations professionals. In addition to its sizable presence in New York and Woodbridge, the firm provides client service through offices in Atlanta, Boston, Chicago, Dallas, Delaware, Denver, Garden City, Grand Cayman, Greenwich, Houston, Los Angeles, Miami, Naples, Nevada, Palm Beach, San Diego, San Francisco, Seattle, Stuart, and Washington, D.C. To watch a video about Bessemer Trust’s history, click here. To learn more about Bessemer Trust, click here.
About Our Employee Rewards And Benefits
We provide exceptional rewards and benefits that are among the best in the industry, giving our people access to a wide range of options, including: Competitive base salary plus discretionary annual bonus for select positions A 401(k) plan with a generous annual profit-sharing contribution Personalized development and career opportunities, including tuition reimbursement support Comprehensive medical, dental, and vision plans with zero contributions for employee coverage Employee assistance (EAP) and wellness programs Hybrid work environment: 60% in office, 40% remote for most positions Paid time off and paid parental leave Employer-paid life insurance and short- and long-term disability coverage Legal services and financial wellness plans at no cost to employees
Bessemer Trust is committed to creating a diverse and inclusive environment and is proud to be an equal opportunity employer. We encourage candidates of diverse backgrounds to apply.Seniority level
Seniority levelExecutive Employment type
Employment typeFull-time Job function
Job functionLegal Referrals increase your chances of interviewing at Bessemer Trust by 2x Get notified about new Head of Compliance jobs in
New York, NY . Director of Employee Relations & Compliance Manhattan, NY $130,000.00-$175,000.00 3 days ago New York, NY $176,720.00-$265,080.00 2 weeks ago New York, NY $200,000.00-$250,000.00 1 month ago Senior Director of Global AML & Sanctions Programs New York, NY $236,000.00-$295,000.00 1 week ago Hoboken, NJ $180,000.00-$210,000.00 2 weeks ago Head of Commercial and Corporate Compliance New York, NY $250,000.00-$370,000.00 3 days ago New York, NY $170,000.00-$180,000.00 1 week ago Director, Employee Relations & ComplianceAssociate Director, Employee Relations & Compliance New York, NY $126,000.00-$134,000.00 1 week ago Sr. Director, Regulatory Affairs (Tarrytown, NY) New York City Metropolitan Area $200,000.00-$250,000.00 4 days ago New York, NY $200,000.00-$280,000.00 5 days ago Director, Head of Governance and Conduct New York, NY $190,000.00-$230,000.00 4 days ago Associate Director, Employee Relations & Compliance New York, NY $126,000.00-$134,000.00 1 week ago New York, NY $232,000.00-$398,750.00 2 weeks ago US Compliance Senior Transformation Manager New York, NY $110,760.00-$178,880.00 19 hours ago Head Of GSO Vendor Compliance Strategy & Governance New York, NY $149,000.00-$207,000.00 1 month ago Compliance and Operations Director - Aon SecuritiesAmericas Corporate Secretarial Chief Operating Officer - Company Law Group New York, NY $90,000.00-$155,000.00 1 week ago New York, NY $250,000.00-$275,000.00 1 week ago Director, Product Compliance & Regulatory Counsel New York, NY $180,000.00-$210,000.00 1 week ago New York, NY $270,000.00-$290,000.00 2 days ago Associate Director, Employee Relations and Legal Compliance New York City Metropolitan Area $100,000.00-$115,000.00 2 weeks ago New York, NY $120,000.00-$160,000.00 2 weeks ago New York, NY $101,400.00-$172,500.00 1 month ago Head of US External Fraud Risk Oversight (US) New York, NY $200,000.00-$280,000.00 5 days ago Interim Chief of Staff – Compliance & Life Sciences New York City Metropolitan Area $120.00-$125.00 4 days ago New York, NY $211,200.00-$363,000.00 3 days ago New York, NY $230,000.00-$260,000.00 2 days ago New York, NY $160,000.00-$185,000.00 2 weeks ago Global Financial Crimes Digital Assets Advisory Officer - Vice President New York, NY $120,000.00-$205,000.00 1 week ago Head of US Risk Transformation Lead (US) We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
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Head of Bank and Fiduciary Compliance
role at
Bessemer Trust Join to apply for the
Head of Bank and Fiduciary Compliance
role at
Bessemer Trust Get AI-powered advice on this job and more exclusive features. Description
Read all the information about this opportunity carefully, then use the application button below to send your CV and application.
This position reports directly to the organization’s Chief Compliance Officer. The ideal candidate should have a minimum of 15+ years of experience working in a senior compliance role within a bank or trust company, with relevant bank examiner experience also a plus. Serving in a strategic role as the subject matter expert in banking and fiduciary compliance, the candidate should have a deep understanding of relevant banking and fiduciary laws, rules, and regulations, including OCC’s Regulation 9, in the context of an organization focused on wealth planning, fiduciary and investment management, and family office services, is essential. Description
This position reports directly to the organization’s Chief Compliance Officer. The ideal candidate should have a minimum of 15+ years of experience working in a senior compliance role within a bank or trust company, with relevant bank examiner experience also a plus. Serving in a strategic role as the subject matter expert in banking and fiduciary compliance, the candidate should have a deep understanding of relevant banking and fiduciary laws, rules, and regulations, including OCC’s Regulation 9, in the context of an organization focused on wealth planning, fiduciary and investment management, and family office services, is essential.
Responsibilities
Oversee and continuously enhance the compliance risk management, testing, and surveillance programs for the firm’s bank holding company, and its national and state-chartered banks and trust companies. Collaborate with Legal colleagues to develop, implement, and maintain compliance policies and procedures. Monitor and track relevant regulatory developments (e.g., FRB, OCC, FDIC, CIMA, and applicable state laws) and industry best practices. Work closely with Client and Wealth Advisors, as well as investment, finance, technology and operational teams, to design and implement effective operational policies and procedures. Support and assist in managing regulatory examinations and internal audits. Lead and mentor a team of compliance professionals, fostering a culture of excellence. Assist in overseeing the organization’s core compliance program, including the Code of Ethics. Liaise closely with the firm’s designated AML/BSA/OFAC Officer. Serve as a resource to governance committees and participate in meetings as appropriate. Develop and conduct compliance-related training to ensure regulatory expectations are met and promote a culture of compliance.
Qualifications
Extensive senior-level compliance experience in the banking, wealth management and/or fiduciary industry. Deep knowledge of relevant banking and fiduciary compliance laws, rules, and regulations (e.g., Regulation 9, Regulation O, Regulation W, GLBA & Regulation P, Regulation R, ERISA, USA Patriot Act). Significant experience interacting with regulators and auditors, managing regulatory examinations, and tracking related issues. Proven leadership experience in managing and mentoring compliance teams. Strong ability to identify and escalate issues appropriately while maintaining a diplomatic approach in collaborating with staff at all levels, as well as legal and operational partners. Excellent verbal and written communication skills with the ability to influence outcomes and present complex topics in an actionable manner to senior and executive management. Demonstrated ability to innovate, particularly in implementing technology-driven compliance solutions. Knowledge of proprietary mutual fund operations within a bank, trust company, or wealth management environment (preferred). Familiarity with automated Regulation 9 Account Review platforms. Familiarity with broker-dealer operations and compliance (FINRA Rules) (a plus). Familiarity with insurance advisory operations and compliance (State Licensing requirements) (a plus). Understanding of bank investment management processes (a plus). Prior experience as a bank examiner (a plus). Relevant certifications (e.g., FIRMA, CFIRS, CAMS) (a plus). A law degree is beneficial but not required. An approachable, dedicated, collaborative, and diligent work style.
The base salary range for this position is $250,000 - $320,000. Actual salaries will vary and will be based on various factors, such as skills, experience, and qualification for the role. It is not typical for offers to be made at or near the top of the range.
In addition, this position may be eligible for a discretionary incentive based on individual and company performance.
Eligible employees may participate in a 401 (k) program with a company profit sharing contribution, medical, dental, vision, life insurance and disability coverage and paid holidays, vacation, and sick days.
About Bessemer Trust
Bessemer Trust is a family office, overseeing more than $200 billion in assets for over 3,100 individuals and families of substantial wealth. Its more than 1,200 employees are singularly focused on private wealth management — disciplined investment management, sophisticated wealth planning, comprehensive family office services, and highly personalized client service. Established in 1907 as the family office for Annie and Henry Phipps, Bessemer Trust is in its seventh generation of ownership by the Phipps family. As a self-made entrepreneur, Henry Phipps was a founding partner and chief financial officer of Carnegie Steel. Bessemer Trust retains its original focus as a privately owned and independent wealth manager deeply committed to its mission of providing peace of mind to its clients. Bessemer’s adherence to putting clients’ interests first, fiduciary mindset, and highly collaborative culture are at the heart of everything the firm does.
Key Facts
For more than 118 years, Bessemer Trust has operated continuously in a single line of business, independently owned by one family. Headquartered in New York’s Rockefeller Center, Bessemer Trust has 22 offices in total. Woodbridge, NJ, is one of the firm’s largest offices, which hosts a wide range of technology and operations professionals. In addition to its sizable presence in New York and Woodbridge, the firm provides client service through offices in Atlanta, Boston, Chicago, Dallas, Delaware, Denver, Garden City, Grand Cayman, Greenwich, Houston, Los Angeles, Miami, Naples, Nevada, Palm Beach, San Diego, San Francisco, Seattle, Stuart, and Washington, D.C. To watch a video about Bessemer Trust’s history, click here. To learn more about Bessemer Trust, click here.
About Our Employee Rewards And Benefits
We provide exceptional rewards and benefits that are among the best in the industry, giving our people access to a wide range of options, including: Competitive base salary plus discretionary annual bonus for select positions A 401(k) plan with a generous annual profit-sharing contribution Personalized development and career opportunities, including tuition reimbursement support Comprehensive medical, dental, and vision plans with zero contributions for employee coverage Employee assistance (EAP) and wellness programs Hybrid work environment: 60% in office, 40% remote for most positions Paid time off and paid parental leave Employer-paid life insurance and short- and long-term disability coverage Legal services and financial wellness plans at no cost to employees
Bessemer Trust is committed to creating a diverse and inclusive environment and is proud to be an equal opportunity employer. We encourage candidates of diverse backgrounds to apply.Seniority level
Seniority levelExecutive Employment type
Employment typeFull-time Job function
Job functionLegal Referrals increase your chances of interviewing at Bessemer Trust by 2x Get notified about new Head of Compliance jobs in
New York, NY . Director of Employee Relations & Compliance Manhattan, NY $130,000.00-$175,000.00 3 days ago New York, NY $176,720.00-$265,080.00 2 weeks ago New York, NY $200,000.00-$250,000.00 1 month ago Senior Director of Global AML & Sanctions Programs New York, NY $236,000.00-$295,000.00 1 week ago Hoboken, NJ $180,000.00-$210,000.00 2 weeks ago Head of Commercial and Corporate Compliance New York, NY $250,000.00-$370,000.00 3 days ago New York, NY $170,000.00-$180,000.00 1 week ago Director, Employee Relations & ComplianceAssociate Director, Employee Relations & Compliance New York, NY $126,000.00-$134,000.00 1 week ago Sr. Director, Regulatory Affairs (Tarrytown, NY) New York City Metropolitan Area $200,000.00-$250,000.00 4 days ago New York, NY $200,000.00-$280,000.00 5 days ago Director, Head of Governance and Conduct New York, NY $190,000.00-$230,000.00 4 days ago Associate Director, Employee Relations & Compliance New York, NY $126,000.00-$134,000.00 1 week ago New York, NY $232,000.00-$398,750.00 2 weeks ago US Compliance Senior Transformation Manager New York, NY $110,760.00-$178,880.00 19 hours ago Head Of GSO Vendor Compliance Strategy & Governance New York, NY $149,000.00-$207,000.00 1 month ago Compliance and Operations Director - Aon SecuritiesAmericas Corporate Secretarial Chief Operating Officer - Company Law Group New York, NY $90,000.00-$155,000.00 1 week ago New York, NY $250,000.00-$275,000.00 1 week ago Director, Product Compliance & Regulatory Counsel New York, NY $180,000.00-$210,000.00 1 week ago New York, NY $270,000.00-$290,000.00 2 days ago Associate Director, Employee Relations and Legal Compliance New York City Metropolitan Area $100,000.00-$115,000.00 2 weeks ago New York, NY $120,000.00-$160,000.00 2 weeks ago New York, NY $101,400.00-$172,500.00 1 month ago Head of US External Fraud Risk Oversight (US) New York, NY $200,000.00-$280,000.00 5 days ago Interim Chief of Staff – Compliance & Life Sciences New York City Metropolitan Area $120.00-$125.00 4 days ago New York, NY $211,200.00-$363,000.00 3 days ago New York, NY $230,000.00-$260,000.00 2 days ago New York, NY $160,000.00-$185,000.00 2 weeks ago Global Financial Crimes Digital Assets Advisory Officer - Vice President New York, NY $120,000.00-$205,000.00 1 week ago Head of US Risk Transformation Lead (US) We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr