As the Foris DAX National Trust Bank’s Head of Compliance, the Chief Compliance Officer (CCO) will monitor operations to ensure that personnel adhere to the relevant policies and procedures, that the compliance function is managed effectively, and that the compliance standards are met to the satisfaction of the Office of the Comptroller of the Currency (OCC).
Accordingly, the CCO will implement and maintain compliance policies and procedures and maintain oversight of relevant Legal and Finance policies. Additionally, the Chief Compliance Officer will coordinate with the other officers to conduct an annual risk assessment and to ensure that personnel are periodically trained on the Bank’s compliance policies and procedures. The Chief Compliance Officer will also work with external auditors and internal testing teams to audit the Bank’s compliance with respect to its fiduciary activities and will work with the Treasurer and the Information Security Officer to support the required SOC audits.
The Chief Compliance Officer will report to the Board and the Audit Committee regularly on the status of compliance and all material incidents of non-compliance to the President as soon as practicable as well as to the Board directly where appropriate.