Compliance Officer - Trust Specialist

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We're always looking for bright individuals to join our growing organization. As a part of the First Financial Family, we will invest in your development and provide a dynamic work environment where you're challenged, valued and empowered every day. We strive to be the best destination for the industry's top talent, creating a diverse, collaborative workplace that celebrates innovation and change. We are one team, working together to get things done.

Job Description:

Office Location:

Abilene, Texas, United States

SCOPE/CONTACTS:

Incumbent is primarily responsible for evaluating the compliance and risk management processes within First Financial Trust and Asset Management Company. Incumbent may also evaluate compliance and risk management processes of First Financial Bank and First Financial Bankshares, Inc.

This includes assessing policies, procedures, and practices designed to comply with numerous federal and state regulations and published guidelines, account reviews, and account acceptance. It also includes evaluating and reporting the level of compliance and identified deficiencies to appropriate line managers, management, and members of the Boards of Directors. The incumbent will regularly interact with Trust managers and employees. The incumbent must have good communication skills and exercise diplomacy when discussing testing findings with management and staff.

ESSENTIAL FUNCTIONS: Incumbents responsibilities will include:

• Primary responsibility for evaluating compliance with applicable laws, regulations, industry requirements, and fiduciary agreements;

• Evaluate Trust policies and procedures and make recommendations, as needed;

• Participate in the trust examinations and audits, as needed;

• Evaluate the account review process (Reg 9 Review Process) including the ongoing assessment of account level risks;

• Maintaining a high level of understanding and expertise in trust regulatory compliance;

• Keeping abreast of new or amended applicable federal and state regulations and published official guidance;

• Conducting compliance assurance assessments, discussing the findings with appropriate management, obtaining management commitment;

• Composing written reports containing findings, any corrective actions required, and the level of compliance for distribution to line managers, senior managers and the FFTAM Board of Directors and FFIN Board of Director's Risk Committee;

• Actively participating in the Customer Service First program, supporting the values of the organization and following established policies and procedures;

• Acting as a resource for Trust staff relating to fiduciary questions;

• Assisting with due diligence during acquisitions, as needed;

• Performing other duties as assigned.

MINIMUM QUALIFICATIONS:

• A bachelor's degree in business, accounting, auditing, or related discipline.

• Strong knowledge of Trust Estate Planning & Administration and the regulatory requirements of Trust companies.

• Strong knowledge of Fiduciary Law.

• Certified Fiduciary & Investment Risk Specialist (CFIRS) designation or working towards designation.

• Seven years of financial institution regulatory compliance experience.

• The incumbent must have a working knowledge of Word, Excel, Outlook, and Adobe Acrobat software. Familiarity with other features of Microsoft's Office suite of applications will be helpful.

• Research, analyze, interpret, and effectively apply trust related laws to given situations, and Trust's fiduciary services.

• Exercise discretion and sound judgment, particularly when advising or directing the application of laws and regulations.

• Communicate effectively with Bank and Trust personnel, officers, senior managers, auditors, and examiners.

• Perform job responsibilities effectively with minimum supervision.

• Good oral and written communication skills.

• Ability to protect confidential information.

The above statements reflect the general details considered necessary to decide the principal functions of the job identified and shall not be construed as a detailed description of all work requirements that may be inherent in the job.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)