Position Overview
The Trust Compliance Officer is responsible for directing the overall Compliance Program for the Institutional Trust and Trust and Private Banking business Units.
Position Responsibilities
Compliance Training
Plans, develops, implements and maintains fiduciary compliance training and monitoring/testing programs for staff members including development and maintenance of applicable policies and procedures manuals covering fiduciary activities and other activities such as non-deposit investments and regulatory reporting. Analyzes and evaluates a wide range of information to maintain high level of competency regarding regulatory compliance requirements and management oversight reporting requirements.
Program Management
Directs the overall Fiduciary Compliance Program for the Personal Trust and Private Banking, Trust Operations, and Trust Real Estate areas of the Investment Services Group, including but not limited to administrative, operational and investment activities of trust and agency accounts and private banking deposit and lending accounts. Activities involve, but are not limited to, identification of critical functions in business units; development of controls and monitoring programs to reduce potential liability related to business, operational, regulatory and reputational risks related to critical functions; and monitoring risk related to critical functions, especially in the areas of anti-money laundering, free-riding and conflicts of interest. Conducts functional reviews of areas which are either related to high risk critical functions or that require urgent attention from compliance. Maintains and modifies, as needed, applicable portions of the Fiduciary Compliance Program for periodic review and approval by the appropriate Bank of Hawaii committees. The program covers compliance with all state and federal laws and regulations affecting Bank of Hawaii fiduciary accounts including 12 CFR 9 (Reg 9) and 12 CFR 12; Internal Revenue Code; Bank Secrecy Act; Hawaii statutes, regulations and case law.
Audit
Serves as liaison to state and federal banking regulatory examiners and, to a limited extent, internal auditors, including advance preparation and coordination of all information between bank departments and examiners during regulatory examinations. Follows up with applicable business units and examiners/auditors on findings, including development of written responses to examination issues and corrective actions on examination and audit issues.
