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Req ID:  3767
Location: 

Plainfield, IL, US, 60544

Compliance Investment & Wealth Management Analyst

FT/PT:  Full-Time

First Midwest, with assets over $16 billion, is the premier relationship-based banking franchise in the dynamic Chicagoland banking market. As one of the Chicago metropolitan area's largest independent bank holding companies, First Midwest provides the full range of commercial, retail banking, and wealth management services through some 120+ offices located in communities in metropolitan Chicago, Northwest Indiana, Central and Western Illinois, and Eastern Iowa. 

POSITION SUMMARY: 

This position will support the compliance risk management programs for the Investment (e.g. Registered Investment Advisors or “RIA”) and Wealth Management businesses.  The role will report to the Head of Compliance, Investment and Wealth Management and is part of the First Midwest Risk Management Department.  Responsibilities include working with the lines of business to assess compliance risk; conducting regular monitoring and testing activities; assisting with regulatory filings; advising the line of business staff on compliance related questions and addressing regulatory issues.

 

REQUIRED EDUCATION, EXPERIENCE AND SKILLS:

  • Bachelor’s degree or equivalent work experience
  • Minimum of 3 years of relevant compliance experience with an investment advisor, investment firm and/or supporting Wealth Management businesses
  • A general understanding of applicable investment and/or trust laws, regulations, and regulatory guidance; ability to quickly research and learn new regulatory requirements
  • Strong verbal, written and presentation communication skills
  • Ability to build and maintain relationships with business partners
  • Detailed-oriented, with organizational and problem-solving skills
  • Ability to multi-task in a fast-paced environment
  • Ability to handle business-sensitive and confidential information
  • Proficiency with Microsoft Office (Word, Excel, PowerPoint); Strong ability to learn technology and systems

DUTIES/RESPONSIBILITIES:

  • Complete risk-based reviews, monitoring/surveillance and/or testing activities related to the assigned RIA and Wealth Management businesses
  • Assist with line of business risk assessments
  • Assist in responding to regulatory inquiries, examinations and complaints of RIA’s and Wealth Management
  • Identify, record and monitor compliance issues
  • Stay abreast of regulatory changes, industry compliance developments and policy changes; assist line of business in assessing the impact of changes to their processes and procedures
  • Assist with on-boarding of new RIA hires, including registrations and training; ensure compliance training is completed as assigned to all line of business personnel
  • Assist in the oversight of third-party service providers and processing of compliance related invoices
  • Handle document requests provided by the outside compliance consultant for RIA’s
  • Handle all proxy voting for clients
  • File 13F quarterly reports
  • Renew RIA’s business licenses
  • Assist the Senior Compliance personnel in advising line of business personal on business projects and initiatives, issue remediation, and day-to-day compliance questions on transactions.
  • Assist in the production of compliance reports
  • Assist with ad hoc projects
  • Attend Department and Line of Business meetings
  • Travel to other First Midwest locations may be required periodically, estimated at up to 25% of the time.

 

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
Please view Equal Employment Opportunity Posters provided by OFCCP here and Supplement here.


Nearest Major Market: Chicago

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