Meritrust Credit Union

  • Compliance Manager

    Location US
    Posted Date 1 month ago(3/22/2018 11:13 AM)
    Job ID
    2018-2428
    # Positions
    1
    Category
    Risk Management
    Hours
    Mon-Fri 8am-5pm
    Type
    Regular Full-Time
  • Overview

    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.

    Responsibilities

    • Provide leadership and supervision to Compliance Department staff. Train, develop and coach staff performance.
    • Develop compliance staff and ensure proper training and certifications are current. 

    • Manage the credit union’s compliance program, which includes oversight of the applicable policies, procedures, training and monitoring to support ongoing compliance efforts, including but not limited to BSA, VISA guidelines and vendor management.
    • Work with project teams to ensure compliance 

    • Collaborate with department managers on solutions to overcome compliance concerns.
    • 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. 

    • Oversee the development of and review proposed changes to compliance-related credit union policies and procedures. Provide recommendations for changes.
    • Participate in new product development and provide input and guidance regarding compliance concerns relevant to proposed and current products and services offered by the credit union.
    • Responsible for adherence to all compliance programs, including but not limited to, completion of all required training modules by established due dates.
    • Monitor implementation of corrective actions to address compliance-related issues revealed during monitoring activities, internal audits and regulatory examinations. 

    • Act as liaison with regulators and attorneys on compliance issues, as appropriate. Prepare, gather and coordinate information and documentation required by regulators and attorneys for compliance related issues.
    • Serve as a liaison between management and compliance department. Provide counsel to senior management regarding any regulatory and/or legal issues that require an update to their policies.
    • Provide interpretation of compliance, law and regulatory changes to credit union senior management and lines of business as needed.
    • Work with other departments to recommend, implement and monitor procedures to comply with credit union policies and government rules and regulations 
    • Perform compliance reviews

    • Prepare and deliver reports to LT, Board of Directors or Supervisory Committee when requested \erform other duties as required

     

    Qualifications

    •  Strong oral and written communication skills required to prepare and present recommendations, perform analysis and accomplish other functions as required.
    • Well developed broad knowledge of federal and state regulations, rules and guidelines related to credit union deposit and lending functions, as well as security regulations and related laws. 
    • Excellent analytical ability, and the capacity to conduct thorough research, interpret and understand laws and regulations, and provide workable recommendations and solutions to problems.  
    • Ability to use independent judgment to manage and impart confidential information
    • Five to eight years of progressive compliance experience or other compliance work within a financial service institution, experience in compliance oversight, or equivalent combination of education and experience 
    • Bachelor’s degree from four-year college or university preferred

     

    Licenses/Certifications:

     Compliance Certification; Credit Union Compliance Expert (CUCE), or NAFCU’s Certified Compliance Officer (NCCO), certification required.

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