Compliance Manager - Trust Companies

At BBH, Partnership is more than a form of ownership—it’s our approach to business and relationships.  We know that supporting your professional and personal goals is the best way to help our clients and advance our business. We take that responsibility seriously. With a 200-year legacy and a shared passion for what’s next, this is the right place to build a fulfilling career.

Serve as the Compliance Officer to two OCC regulated trust company subsidiaries of Brown Brothers Harriman & Co. that provide trust and estate administration services to ultra high net worth individuals and families, as well as to a Cayman Islands trust company that services offshore clients and institutional unit trust structures. The Compliance Officer will lead and manage the compliance program for each of the trust companies, including developing, implementing, and monitoring compliance with their respective policy and procedure manuals. The Compliance Officer will also conduct periodic tests for compliance with policies and procedures. The Compliance Officer is responsible for monitoring regulatory developments impacting the trust companies, providing day-to-day compliance support in the interpretation and implementation of policies and procedures, providing regular reports to senior management and the Boards of Directors, and serving as a key resource and contact for regulators and examiners.

If you are looking to push your career to the next level, introduce yourself by submitting your resume.

Key responsibilities include:  

• Ensure all compliance, trust administration, and investment policies and procedures of the trust companies are accurate, current and in compliance with relevant laws and regulations.
• Analyze regulatory trends and developments and determine the impact on compliance policies and standards.
• Interpret and disseminate information on regulatory matters, interactions with regulators, and other applicable developments. Prepare and distribute regular written compliance reports for the Boards of Directors, management committees, Trust Company Operations, and other stakeholders across the firm(s).
• Make changes to policies, procedures, and ancillary documentation, as necessary, and proactively communicate developments to Trust Officers, Relationship Managers, and other internal and external constituents.
• Identify compliance risks and exposures and recommend and own action plans to close control gaps.
• Work with senior leadership to ensure the appropriate controls are included in business practices and workflows.
• Collaborate with the broader Capital Partners compliance team, Core Compliance, and Global Financial Crimes Compliance to coordinate the adoption or implementation of firmwide policies and other elements of the BBH compliance program.
• Similarly, coordinate regularly with other control groups such as Enterprise Risk Management and the Office of the General Counsel.
• When necessary, review new client documentation and validate it is compliant with internal policies and external regulations.
• Conduct mandatory and/or targeted compliance training for the business units.
• Support and participate in internal and external examinations and audits, as required.

Qualifications:

• 10+ years of relevant legal or compliance experience in a trust company, bank, or wealth management firm
• JD strongly preferred
• Familiarity with the regulations and oversight mechanims of the Office of the Comptroller of the Currency, including Reg 9 requirements, and the Cayman Islands Monetary Authority
• Ability to interpret regulations and laws, distill and disseminate information among Compliance, Office of the General Counsel, and business owners
• In depth experience reviewing and drafting compliance and operational policies and procedures
• Experience with compliance testing, internal audit, or other forensic testing performed in support of a compliance program
• Working knowledge of the interpretation and practical application of trust and estate document provisions, trust and estate law, investments and conflicts of interest provisions, and the legal framework of trust administration
• Familiarity with institutional trust offerings such as reinsurance trusts and fund structures, and with the administration of other non-trust structures such as closely-held businesses
• Experience with Board of Directors, Audit Committee, or other corporate governance bodies and related processes
• Strong relationship management and influencing skills
• Strong written and oral communication skills
• Experience with Microsoft Office products, particularly Excel and Word

Salary Range

NY: $140,000 - $190,000 base salary + target annual bonus

BBH and its affiliates' compensation program includes base salary, discretionary bonuses, and profit-sharing. The anticipated base salary range(s) shown above are only for the indicated location(s) and may differ in other locations due to cost of living and labor considerations. Base salaries may vary based on factors such as skill, experience and qualification for the role. BBH's total rewards package recognizes your contributions with more than just a paycheck—providing you with benefits that enhance your experience at BBH from long-term savings, healthcare, and income protection to professional development opportunities and time off, our programs support your overall well-being. 

We value diverse experiences. We value diverse experiences and transferrable skillsets. If your career hasn’t followed a traditional path, includes alternative experiences, or doesn’t meet every qualification or skill listed in the job description, please do go ahead and apply.

About BBH:

Brown Brothers Harriman (BBH) is a premier global financial services firm, known for premium service, specialist expertise, technology solutions and partnership approach to client management. Across Investor Services and Capital Partners, we work with an enviable roster of sophisticated clients who make BBH their first call when they are tackling their hardest challenges. Delivering for our clients and each other energizes us.

We believe that how we do our work is just as important as what we do. We are relentless problem solvers who know our best ideas come from collective debate and development—so we are never possessive about our ideas. Every day we come together as a diverse community of smart and caring people to deliver exceptional service and expert advice—creating success that lasts. No matter where you sit in the organization, everyone is empowered to contribute their ideas. BBHers can pick up the phone and call any colleague, and they are happy to help. Expanding your impact beyond your daily role is part of how we operate as trusted partners to one another. 

We believe stability is a competitive advantage, but being stable means having the knowledge, skill, and discipline to evolve, often—pushing the boundaries of innovation.  As a private partnership, every investment we make is in the relationships, technologies, products and development we believe are in the long-term interests of our clients and our people. Our long-tenured leaders are experts in their areas and are actively involved in the day-to day business, taking the time to provide guidance and mentoring to build the next generation of BBHers. Because we know, our success begins with yours.

Go to BBH.com to learn more about our rewards and benefits, philanthropy, approach to sustainability or how we support you to thrive personally, physically and financially.