As a Qualified Plan Ops & Compliance Manager, you will be a critical part of the Business Success team in managing
the compliance needs of our 401(k) plans. This ground floor opportunity will require a comprehensive knowledge of 401(k) rules and compliance, with a an understanding of how the IRS thinks about plan qualification and building processes to help clients
meet DOL requirements. Assist helping clients meet their retirement readiness goals and work as part of a startup team that’s revolutionizing the industry.
Ensures responsibilities below are carried
out in compliance with all applicable banking regulations, and to ensure audit, compliance, and regulatory findings related to specific areas of responsibility resolved timely in accordance with managements’ approved action plan.
strong working knowledge of all applicable T Bank Policies and Procedures directly or indirectly related to areas of responsibility and ensures policy requirements are carried out.
Prepare and manage the annual compliance testing, correction
calculations, and government reporting for clients
Work closely with financial advisors to understand and explain to clients compliance testing results, plan design recommendations, and recordkeeping procedures
Review plan documents,
provide design recommendations and draft pre-approved plan documents
Experience in gathering data, reviewing, and finalizing Form 5500 reporting.
Play an active role in plan conversions and onboarding of 401(k) plans for
Be an internal subject matter expert in 401(k) plan operations including IRS and DOL correction programs, audit support, and government reporting
Ensure timely delivery of materials to appropriate internal and external parties in
order to meet client and auditor expectations
Ensure adherence to current procedures and controls, and make recommendations to improve existing procedures and to reduce risk
Be an internal voice for 401(k) processes to offer insights to
Product, Design, and Engineering to help build a better product
Review applicable risk assessments, policies, procedures, forms, agreements, rules, and regulations; conduct interviews and observe processes; pull and review testing samples;
determine compliance; maintain organized records for each review; follow through on findings and management deliverables
Maintain compliance and familiarity with the Bank Secrecy Act (BSA)/Anti Money Laundering (AML) Policies, Procedures, and
Processes; reporting unusual and suspicious activities to the BSA and/or Compliance Officer, completion of all assigned BSA training.
Other duties as may be required
Disclaimer: The above statements are intended
to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so
Education: Bachelor’s Degree required
Position Knowledge/Experience: A
minimum of 5 years work experience in defined contribution plan administration including documents and compliance testing.
Skills and Abilities:
Experience using compliance software (e.g., ASC, Relius, Datair, FT
Industry credentials a plus (e.g., QKA, QPA)
Must be highly organized, self-starter with ability to handle multiple priorities at once
Adaptable and resourceful in a dynamic environment
Must have strong verbal and
written communication skills
Superior judgment, professionalism, poise, ability to maintain the highest level of confidentiality
Must be intuitive able to anticipate needs and develop options
Demonstrated proficiency in Microsoft
Outlook, Word, Power Point, and Excel