Compliance and Risk Officer

Location: Denver or Fort Collins, Colorado (Partial Work from Home)

About Trail Ridge Wealth Management

Our Company

Trail Ridge Wealth Management, Inc. (TRWM), provides wealth management services to high-net-worth individuals and families and the trusts and charities they create. Services are provided through two wholly owned subsidiaries: Trail Ridge Investment Advisors, LLC (TRIA), is an independent SEC-registered investment adviser offering customized integrated financial planning and investment management solutions, and Trail Ridge Trust Company, LLC (TRTC), is a Wyoming-chartered, non-depository trust company offering trust, estate, and other fiduciary services. TRIA has offices in Fort Collins and Denver, Colorado, and TRTC has offices in Cheyenne, Wyoming. TRWM is owned by its five founders, who are active in the company as officers and/or directors.

Why Work at Trail Ridge Wealth Management?

TRWM’s culture is rooted in core values of honesty, integrity, mutual trust and respect, individual empowerment, and accountability. We provide opportunity, nurture talent, invest in our people, and reward achievement. You will be joining a culture that promotes functional excellence and teamwork and a passion for learning, and which values employee input to help shape the company’s growth and future.

About the Compliance and Risk Officer Role

Because our company provides its services through two separate operating entities, we are subject to oversight by two different regulatory bodies: the SEC and the Wyoming Division of Banking. They can have differing rules and expectations. The Compliance and Risk Officer coordinates with the Chief Compliance Officer and plays a central role in ensuring and properly documenting the company’s compliance with all applicable laws and regulations, developing and providing employee training, and updating the company’s written supervisory procedures. Financial services companies are also subject to a variety of risks in conducting their businesses, and the Compliance and Risk Officer identifies such risks and develops processes for managing them. You will work closely with an experienced team of advisors and professionals serving high-net-worth individuals and the trusts and charitable organizations they create. The successful candidate will be a self-starter, learning our business and systems and identifying compliance and risk gaps, and proactively finding solutions.

Core Functions

Compliance

·      Compliance Program. Execute and continue development of the company’s compliance program under the supervision of the Chief Compliance Officer. Monitor, test, and document compliance activities, effectively using available technology and systems. Oversee TRIA’s annual registration process and ensure that all IARs are properly registered. Complete all required regulatory filings on time.

·      Policies, Procedures, and Forms. Recommend revisions and updates to (i) the company’s policies and procedures manuals and internal processes to ensure that TRIA and TRTC comply with applicable federal and state laws and regulations; and (ii) company documents and forms to ensure they conform to such manuals, maintaining version control.

·      Regulatory Examinations and Inquiries. Serve as a liaison with regulatory agencies, specifically the United States Securities and Exchange Commission (TRIA) and the Wyoming Division of Banking (TRTC). Prepare substantive, timely responses to regulator requests and inquires and provide required reporting.

·      Training. Develop and implement a compliance training program for all employees and board members, involving and coordinating with TRIA’s outside compliance consultant where appropriate.

·      Laws and Regulations. Stay current on all applicable laws and regulations affecting TRIA and TRTC’s businesses, including the Investment Advisers Act of 1940 and related rules, the FDIC Trust Examination Manual, and the OCC Unique and Hard-to-Value Assets Handbook.

Risk Management

·      Company Risk Assessment. Conduct the company’s annual risk assessment in coordination with the Chief Compliance Officer.

·      External Audits. Serve as the company’s liaison with its external auditing firm to produce timely required audit reports for its (i) annual surprise custody audit (TRIA); (ii) annual fiduciary accounts audit (TRTC); (iii) annual company financial statements audit (TRTC); and (iv) biennial anti-money laundering/countering the financing of terrorism (AML/CFT) audit (TRTC). Prepare substantive, timely responses to auditor requests and inquiries. 

·      Internal Audits. In consultation with management, identify areas where new internal audit processes will manage risk and implement such processes, including potentially regarding fiduciary income tax payments, company checks bearing two signatures, etc.

·      TRTC Unique Asset Oversight. Develop new and improve existing processes to promote risk-controlled acceptance and accountability in administration of unique assets.  Review and approve the acceptance of unique assets into TRTC fiduciary accounts to ensure that risks are identified and managed. Present the unique asset tickler report monthly to TRTC’s Trust Administration and Investment Committee. Serve as a liaison with TRTC’s master real property insurance program provider.

·      Business Insurance. Oversee TRWM’s business insurance program, ensuring that proper coverage is in place to control risks.

General

·      Comply with TRWM’s service standards

·      Comply with company policies and procedures and applicable laws and regulations

·      Use workflow and business process management systems to provide transparency and accountability regarding task progress and completion

·      All functions are expected to be completed accurately, thoroughly, and according to the timeframes prescribed in TRWM’s service standards. If no standard is prescribed, functions should be completed in a timely manner that is appropriate to the circumstances

·      Communicate early and often regarding workload, time management, and ability to complete tasks in a timely manner

·      Other tasks as assigned

Trail Ridge Values

·      Accountability. I take ownership of decisions and results within the scope of my role

·      Initiative.  I identify what needs to be done and take appropriate action without needing to be asked

·      Adaptability. I recognize and am open to changing circumstances and alter my behavior as necessary

·      Collaboration. I work in partnership with others to accomplish goals and tasks

·      Client Focus. I understand and anticipate clients’ needs and take action to exceed their expectations. If my role is not client facing, I consider and understand how my work affects our clients and am guided by that focus

·      Learning Orientation. I develop my personal knowledge, skills, and abilities to continuously improve

Qualifications

●    Experience. Minimum 4 years of experience in a relevant legal discipline or a relevant financial services industry compliance or risk role.

●    Education. Bachelor’s degree required; juris doctor preferred.

● Certification. Relevant compliance credential or certification, e.g., Investment Adviser Certified Compliance Professional (IACCP®) or Certified Regulatory and Compliance Professional (CRCP), is a plus.

●   Regulatory Knowledge. Foundational understanding of the Investment Advisers Act of 1940 and related rules.

●    Technology. Proficient computer skills, including Microsoft Word and Excel. Familiarity with Google Workspace and Orion Compliance is a plus.

●    Work Authorization. Authorized to work in the United States without the need for current or future employer-sponsored work authorization (e.g., H-1B, O-1, F-1 (OPT), TN, or any other non-immigrant visa classifications that require employer support or sponsorship).

Required Personal Traits

●    Superior organizational, time management, and written/oral communication skills.

●    Process-driven and proactive with excellent problem solving and analytical skills. 

●    Excellent attention to detail and superior ability to focus and self-motivate.

●    Ability to manage multiple tasks, systems, and processes while meeting deadlines.

●    Ability to lift 20 pounds.

●    Willingness to use personal vehicle for business use.

Benefits

In addition to rewarding and meaningful work, we offer, for eligible employees depending on the number of hours worked*:

• 401(k) qualified retirement plan with company match
• Medical and dental plans
• Paid life insurance
• Paid short-term and long-term disability coverage
• 10 paid holidays per year
• Generous paid time off (PTO) program
• Work/life balance and flexible remote work

* TRWM’s Employee Handbook contains details regarding eligibility for each benefit program

Salary Range: $85,000 - $120,000 annually, depending on experience and qualifications.

This is a full-time, hybrid remote position in Fort Collins or Denver.