Compliance Manager

Description

Leads the Compliance function by providing subject matter expertise to ensure the credit union maintains a strong culture of compliance. Develops, implements, and maintains an effective Compliance and BSA/AML program, including a comprehensive training framework for all employees. Monitors regulatory developments and internal compliance performance, providing timely and accurate reports to Executive Management. Collaborates with departments to proactively identify and address compliance risks, recommending policy or procedural changes that support both regulatory adherence and operational excellence. Acts as a trusted partner and resource for staff, empowering them to confidently serve members in alignment with the credit union’s core values and commitment to exceptional service. Serves as the designated Compliance Officer and BSA Officer.

• Acts as the Compliance Officer and BSA Officer for the Credit Union, and maintain appropriate certifications
• Maintain and continually update risk assessments with regard to current and potential regulatory and risk matters
• Maintain and continually update policies with regard to current and potential regulatory and risk matters
• Manage the process of keeping all forms and procedures up to date before being published
• Assist public and private auditors with the audit and examination process
• Interpret policies and procedures and verify compliance
• Identify and analyze causes of ineffective processes and collaborates with department and branch managers in order to recommend improvements to controls in the organization
• In conjunction with management, develop recommendations for bringing an area or operation into compliance to ensure adherence to stated objectives, procedures, and regulations
• Ensure day-to-day activities are consistent with laws, rules, and business decisions
• Provides oversight for CTR reports, Vendor Management, High-Risk account management, and SAR reports
• Maintains thorough knowledge of Reg B, Reg C, Reg D, Reg E, Reg Z, Reg CC, UDAAP, FCRA, etc.
• Provide support and answer questions from employees regarding any compliance-related issues
• Develop and assist with facilitation of required annual regulatory training
• Oversees the ID Theft/FACT Act Program
• Assist with the development of compliance training materials ensure that any regulatory change in policy or procedure is communicated effectively and efficiently to the required staff
• Schedule audits and conduct unannounced operational audits based on the risk assessments-provide adequate test work, conduct related discussions with management, develop recommendations and provide risk rating
• Works as Law Enforcement Liaison for any financial exploitation of vulnerable adults
• Prepares Board reports concerning SAR and ID Theft/Red Flags
• Responsible for OFAC throughout the credit union
• Maintains appropriate levels of confidentiality
• Support the credit union’s focus on member service and sales
• Promote and maintain a confidential environment to protect member, employee, and credit union information
• Follow all credit union policies, procedures, and requirements, including all applicable state and federal laws and regulations
  
  

Requirements

• Five to seven years of financial industry experience preferred
• Three to five years of credit union compliance experience preferred
• Compliance Certifications preferred
• Knowledge of current laws and regulations - specific to compliance in the banking industry
• Attention to detail and highly observant
• Creative and able to develop innovations solutions to complex issues
• Ability to research, analyze, and interpret highly complex laws and regulations