Wealth Compliance Analyst

Description

Peapack Private Bank & Trust is a well-recognized, high-performing boutique bank and a leader in wealth, lending, and deposit solutions. We provide a broad range of sought-after products and services designed to help our clients establish, maintain, and grow their legacy through an innovative approach to private banking.

What makes Peapack Private different from our competition? As an institution with over 100 years of history, we have always believed in putting the well-being and needs of our employees and clients first. We are proud to be recognized by American Banker for the eighth consecutive year as one of the nation’s “Best Banks to Work For.” Our secret sauce, in a word, is our culture.

We value a diverse, equitable, inclusive, and safe workplace. Our one-team culture goes to great lengths to show all employees that they are valued members of the organization. We treat one another like family and communicate across the Bank in a transparent and frequent manner, respect and consider feedback from all levels, and operate with a philosophy grounded in hospitality and genuine human kindness.

There are multiple ways to build relationships and get involved; from joining one of our Cultural Ambassador sub-committees (focused on Wellness, Employee Fun, Diversity & Inclusion, or Environmental Awareness), to participating in community service activities through our Volunteerism outreach, to joining LIFT (Leading Inspiring Females Together), a committee focused on enriching the lives of women. Simply put, our culture is amazing.

Department:

The ERM/Compliance department is responsible for overseeing the risk profile of the bank and its subsidiaries to ensure the bank's performance aligns with the risk appetite of the bank in all areas. The bank's primary enterprise risks are posed the greatest risks to the bank's current future state, based on the risk assessments performed in conjunction with the strategic plan. Key risks are identified, assessed, and mitigated, in line with the banks risk appetite. Key risks are continually monitored and reviewed. Additionally, the board risk committees are updated periodically on these risks, and any significant changes are highlighted as they occur.

Position Summary:

The Wealth Compliance Analyst supports the Wealth Compliance team in administering the compliance and risk-management program for Peapack Private Wealth Management and PGB Trust & Investments of Delaware. The role performs assigned reviews, maintains accurate records and tracking tools, and escalates compliance, fiduciary, onboarding, and anti-money-laundering concerns. This developmental role works under the direction of the Wealth Compliance Officer and senior compliance personnel.

Responsibilities:

• Conduct review and disposition of assigned Actimize AML and sanctions-screening alerts in accordance with established procedures and required timeframes. Promptly escalate potentially unusual activity, possible true matches, and other identified concerns to the Wealth Compliance Officer and, as appropriate, the BSA Department for further review and disposition.

• Perform assigned compliance testing and monitoring reviews in accordance with approved programs and procedures.

• Document testing results and maintain supporting workpapers. Identify potential exceptions or anomalies and escalate them to the Wealth Compliance Officer for review and disposition.

• Support the review of new and existing Wealth Management relationships, including account documentation, client due diligence, risk-rating support, and escalation of potential concerns.

• Lead periodic enhanced due diligence reviews for elevated-risk Wealth clients, including research, documentation collection, review scheduling, tracking, and escalation of potential concerns to the Wealth Compliance Officer.

• Provide documentation and administrative support to the Wealth Compliance team, as assigned.

• Work collaboratively with Wealth Advisors, Client Service Officers, Trust Administration, Operations, BSA/AML, Risk Management, and other internal partners.

• Perform other compliance and risk-management duties, as assigned.

Key Behavioral Expectations

• Operate with agility and adaptability, responding effectively to changing priorities and business needs

• Demonstrate curiosity and a learning mindset, continuously seeking to improve and grow

• Utilize AI and technology tools responsibly to enhance productivity and decision-making

• Show ownership and critical thinking, using sound judgment to solve problems and deliver results

• Deliver white-glove hospitality, providing thoughtful, proactive, and personalized service in every interaction

Qualifications:

• Associate or bachelor’s degree in business, finance, accounting, risk management, legal studies, or a related discipline preferred. Relevant financial services, banking, wealth-management, compliance, audit, or operations experience may be considered in lieu of a degree.

• Two to four years of relevant experience in financial services, banking, wealth management, audit, risk, operations, or compliance preferred. Relevant internships, coursework, or comparable experience will be considered.

• Interest in fiduciary, wealth-management, banking, and anti-money-laundering compliance.

• Proficiency in Microsoft Office, including Excel, Word, PowerPoint, and Outlook.

• Ability to organize account documentation, identify missing or inconsistent information, and maintain clear workpapers.

• Strong written and verbal communication skills, sound judgment, attention to detail, and discretion in handling confidential information.

• Ability to manage multiple assignments, meet deadlines, and work effectively both independently and as part of a team.

Desired:

• Experience with client onboarding, KYC/CDD, AML monitoring, trust or estate administration, brokerage operations, or compliance testing.

• Familiarity with bank fiduciary activities, Regulation 9 concepts, or BSA/AML and OFAC compliance.

• Experience with financial services platforms or case-management, workflow, and document-management systems.

Benefits Overview:

We offer a competitive compensation package, a generous paid time off program, comprehensive medical, dental and vision coverage, maternity/paternity leave, education reimbursement, wellness programs and more. We also offer participation in an Employee Stock Purchase Program and a 401K with a generous match.

The approximate pay range for this position is $65,000 to $85,000, plus an opportunity to earn performance-based incentives. Please note that the pay range provided is a good faith estimate for the position at the time of posting. Final compensation may vary based on factors including, but not limited to knowledge, skills and abilities, as well as geographic location.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights (https://www.eeoc.gov/poster) notice from the Department of Labor.