Job Description

Job Description

Job Description

Salary: $75,000-$85,000

Who We are:

Cornerstone Private Asset Trust Company, LLC, is a boutique trust company that helps businesses and individuals implement estate planning goals and transition wealth from one generation to the next. We provide services above and beyond those of a traditional trust company by focusing on the individual nature of each client and their long-term goals. With offices in Sioux Falls, SD and Bloomington, MN, Cornerstone provides unique tax advantages to its clients as well as a wide variety of specialized trust services, including trusts under wills as well as dynasty, charitable, revocable living wills.

Primary Purpose:

This role will act as Compliance Officer for Cornerstone. This role requires ability to manage process as well as efficiently translate strategic vision into actionable tasks. This person is the AML/BSL expert internally and creates proactive compliance policy and procedure to mitigate risk. This position is hybrid with some in office expectation as well as opportunity to work remotely.

Responsibilities Include but are not Limited to:

• Oversees all aspects of Cornerstones compliance program
• Manages, implements and owns all compliance solutions including updates and employee training; research and recommend changes when necessary. Additionally provides annual training to staff and board of governors relating to compliance
• Manage new initiatives and efficiency projects
• Responsible for compliance and due diligence including monthly, quarterly and annual process and creating internal audit program
• Has the role of AML/BSL Compliance Officer
  • BSA/AML institutional risk assessment
  • Internal controls to ensure timely compliance with regulatory changes
  • Policy and procedure enhancement
  • Continuity of the BSA/AML function by inclusion in succession planning
  • Independent testing of the BSA/AML function
  • Complete annual BSA/AML training by the Board
  • Training on company-specific policies, procedures and examination findings
  • Timely address all external testing requirements from CLA
  • Customer Due Diligence
  • SAR Program
• Quarterly and annual reporting for SDDB
• Prepare and participate in annual audits
• Responsible for continuous improvement including constantly analyzing existing processes and optimizing for accuracy and efficiency
• Independently identify priorities and opportunities for interdepartmental improvements
• Ability to analyze data to help drive decision making

Preferred Qualifications and Skills:

• AML/BSA expertise required
• Expertise in trust compliance required
• Demonstrated ability to provide quality and proactive solutions to the business
• Desire to proactively ask for and take feedback on performance and ability to implement changes as necessary
• Willingness to promote to a small office environment which can, at times, include contributing in ways that may not directly corelate to the candidates skill set or job description
• Excellent organizational and interpersonal skills
• Creative problem-solving ability
• Ability to exercise professional and technical discretion on matters of significance
• Demonstrated ability to manage multiple tasks simultaneously and problem solve
• Strong written and communication skills
• Meticulous follow-up skills
• Excellent verbal and written communication skills.
• Exceptional attention to detail
• Time management skills with a proven ability to meet deadlines
• Analytical and problem-solving skills
• Strong process leadership skills
• Ability to prioritize tasks and to delegate them when appropriate
• Ability to function well in a high-paced and at times stressful environment
• Proficient with Microsoft Office Suite or related software

Education and Experience:

• Bachelors degree preferred
• At least 3 years trust compliance experience required

Who Should Apply:

• If you like the idea of working in a small team environment
• If you have a passion for compliance
• If you are driven, detail oriented, and have fresh ideas and enthusiasm at work
• If you enjoy a challenge and are open to building a department, process and procedures

What You'll Love About Us:

• Make an Impact. We care about your individuality by giving you freedom to grow and create within the company, regardless of your position.
• Rest and Relaxation. 18 days paid time off, 8 paid holidays,
• Health Benefits. Medical with HSA and FSA options, dental, and vision.
• Prepare for the Future. 401(k) with a generous company contribution, access to a personal financial planner, and both legal and life insurance.
• Give back. Get paid to give your time to the community: ask us about this!
• Educational Benefits. Whether you are studying for your industry certifications, or currently enrolled in higher education, we can help cover some of those expenses.
• Flexible Work Models. In-office, work-from-home, or hybrid, depending on position and location.

Not sure if you qualify? Think about applying anyway:

We understand that not everyone brings 100% of the skills and experience for the role. At Cornerstone we are focused on building a diverse and inclusive workforce and offer opportunities to those with a variety of workplace experiences and backgrounds. Whether you are looking to grow your skills, returning to work after a gap in employment or looking to take the next step in your career, we are excited to learn more about you and encourage you to apply!

Cornerstone is proud to be an equal opportunity employer. We realize the key to creating a company with a strong culture and employee experience comes from who we hire and creating a workplace that celebrates everyone. It is our policy to extend equal opportunity in employment to all individuals without discrimination on the basis of race, color, religion, age, sex, national origin, disability, military service, protected veteran status, genetic information, sexual orientation, gender identity, or any other characteristic protected by federal, state or local law.

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