The purpose of this position is to oversee and ensure compliance of credit union policies and procedures, products and forms with laws and regulations applicable to the credit union. Recommend policy changes to senior management and/or Board of Directors that will enhance the Credit Union’s compliance program, reduce risk and reflect changes in regulations. Update and disseminate information as appropriate to the affected parties regarding regulation changes.
Develop compliance staff and ensure proper training and certifications are current.
Work with project teams to ensure compliance
Maintain a thorough understanding of state and federal laws and regulations related to credit union compliance, monitor and analyze developing trends and changes in regulatory laws, rules, and regulations as they relate to credit union business activities.
Monitor implementation of corrective actions to address compliance-related issues revealed during monitoring activities, internal audits and regulatory examinations.
Perform compliance reviews
Compliance Certification; Credit Union Compliance Expert (CUCE), or NAFCU’s Certified Compliance Officer (NCCO), certification required.