The American Bankers Association is the banking industry's champion. Joining ABA makes you part of a team that: • has Extraordinary People - ABA experts are the "go to" sources for bankers, policy makers and the media for credible information and insights for the banking industry. • has Unmatched Scope and Scale - ABA's unparalleled information and services keep members current, knowledgeable and prepared. • is Impact-Driven - ABA has a proven record of bringing about positive change for our members and the industry. We take action and achieve results. Plus competitive pay, an outstanding benefits package, a convenient DC location, a professional collegial work environment and an opportunity to work on issues of national significance equals a winning combination!
Did you know that women and other marginalized groups are often reluctant to submit job applications if they don’t meet 100% of the requirements? We encourage you to take a chance! If you don’t satisfy every criterion, but know you can excel in the role, we urge you to apply! We’d love to connect and talk with you about joining our team.
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The Prudential Regulation and Asset Management Group is the nation’s lead policy group on issues affecting wealth management, retirement, bank investment issues, bank broker-dealers, investment advisers, mutual funds and hedge funds. The members of this group are experts on the laws affecting bank trust departments and securities and capital markets activities.
The Vice President (VP) will serve as a subject matter expert, ensuring trust department bankers and in-house counsel understand and respond to legislative and regulatory developments within the wealth management and trust business portfolio. The VP will summarize complex legal, regulatory and legislative initiatives involving federal and state fiduciary and tax laws, federal banking laws, and federal securities laws, and help formulate ABA's policy on wealth management and trust issues acting as a liaison between the banking industry and regulators and Congressional staff. ABA policy positions and the effect of various laws and regulations on bank and bank holding company activities.
This role is responsible for partnering with ABA’s advocacy teams to develop and advance ABA policy positions regarding regulatory issues within the wealth management and trust businesses portfolio. The VP will collaborate and coordinate advocacy initiatives across the Prudential and Asset Management Group and across ABA to further ABA strategic goals. This position will act as a representative of the banking industry to regulators and policy makers in the various agencies and branches of government including relevant international bodies.
This position will also manage a banker peer groups with a focus on fiduciary, asset management, and investment activities of banks.
• Monitor changes in legislative and regulatory developments that affect bank wealth management and trust services.
• Manage banker peer groups, including groups that focus on fiduciary, asset management, and investment activities of banks.
• Advise ABA members--through comment letters, bulletins, speeches, working group briefings, and other written and oral communications about the effect of these developments.
• Provide guidance on an individual basis to bankers and state bankers associations regarding bank fiduciary, asset management, and investment issues, including trust tax matters.
• Speak and present before state banking associations and related groups, providing federal legislative and regulatory updates in the trust and wealth management areas.
• Represent or assist with representation of the industry before the bank regulators, the Internal Revenue Service, the Securities and Exchange Commission and applicable Hill committee staff.
• Assist in the preparation of ABA products, such as newsletters, e-bulletins, toolkits, summaries of best practices, Internet-based learning etc.
• Monitor and maintain the ABA website and ABA Trust Network.
• JD required.
• Familiarity and experience working with the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Employee Retirement Income Security Act, and the Internal Revenue Code, as well as state laws governing trusts and estates.
• Incumbent should have excellent interpersonal skills Incumbent should have the ability to work as a member of a team and independently.
• Ability to successfully manage multiple priorities; excellent time management and organizational skills including meeting deadlines.
• Excellent communication skills: both written and verbal with the ability to clearly and compellingly communicate ABA’s policy position to key external audiences to drive desired outcomes.
American Bankers Association (ABA) is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, age, sex, marital status, gender identity, sexual orientation, disability, protected Veteran status, personal appearance, political affiliation, family responsibilities, or any other characteristic protected by applicable law.
ABA encourages and celebrates diversity so if you are motivated, hardworking and want to make a difference, come as you are!
The American Bankers Association is the united voice of America’s hometown bankers—small, regional and large banks that together employ more than 2 million women and men, hold nearly $17 trillion in assets, safeguard $12.8 trillion in deposits and extend more than $9 trillion in loans. ABA believes that government policies should recognize the industry’s diversity. Laws and regulations should be tailored to correspond to a bank’s charter, business model, hometown markets and risk profile. This policymaking approach avoids the negative economic consequences of burdensome, unsuitable and inefficient bank regulation. Through a broad array of information, training, staff expertise and other resources, ABA supports America’s hometown bankers as they perform their critical role as drivers of America’s economic growth and job creation.