Overview

This position is responsible for all finance functions within the Wealth Management department of the Bank. Oversees functions including First Citizens Investor Services, Private Wealth Advisory Services, Institutional Advisory Services, and the Private Client Group. Ensures timely financial regulatory filings with all regulatory agencies. Manages external audit relationships with the Bank's public accounting agency. Directs accounting, budgeting, and incentive compensation to ensure the financial accuracy and cost-effectiveness of department operations.

Responsibilities

• Financial Oversight - Manages all financial information for Investor Services, including the company's income statement and balance sheet. Prepares, reviews, and approves compliant financial regulatory reports to regulators including the Financial Industry Regulatory Authority and the U.S. Securities and Exchange Commission. Responds to inquiries from regulators regarding the filings. Supports the annual budget process and external audit. Ensures timely, accurate, and complete, responses to all audit and regulatory exam requests.
• Financial Review - Develops and maintains processes that increase efficiencies, regulatory compliance, and accuracy in financial reporting. Ensures correct receipt of commissions, revenue and expense accounting, preparation of incentive-based payroll, and revenue allocations to branches and affiliates.
• Business Strategy - Identifies and recommends strategies for improving the financial performance of the Wealth Management division. Provides analytical information to executive management that allows for crucial business insight. Leads projects that involve business analysis, strategic planning, and product pricing.
• Managerial Functions - Establishes and monitors expectations to achieve company and department goals. Makes appropriate changes to team policies, procedures, and efficiencies in order to meet objectives. Manages the performance, training, and evaluation of assigned staff.
• Vendor Management - Plays a critical role in developing and maintaining productive vendor relationships. Negotiates pricing and assists in problem-solving. Plans and approves changes in collaboration with vendors and partners.