Director-Regulatory Compliance Sr.

Company Description

Ent Credit Union exists to improve the financial quality of life of the people we serve. This mission drives us every day, but we are more than our mission. We're also individuals using our unique abilities to make our organization, and the communities we serve, better than they were yesterday. We're a not-for-profit that puts people above profits and actively invests in our community. Our rapidly growing team is expanding our reach to serve more people throughout Colorado. To spread our mission far and wide, we need people like you. If you're interested in a paycheck with a purpose, apply with us today. Our people make the difference, and we truly believe you are our greatest asset.

Job Description

The primary function of the Senior Director, Regulatory Compliance is to oversee the second line of defense compliance team and Bank Secrecy Act / Anti-money Laundering (BSA/AML) team. This position will also coordinate the implementation of Ent's compliance management system, oversee the coordination of the credit union's operational compliance with applicable international, federal, and state rules, regulations, and statutory requirements with a special focus on the Bank Secrecy Act, Privacy, Record Retention, Member Records, and Compliance programs. This position also serves as an enterprise-wide consultant to typical organizational compliance issues including regulatory interpretation and training monitoring for existing and proposed credit union directives. The Enterprise Compliance will be instrumental in establishing and co-chairing the Operational Risk & Regulatory Compliance Risk Management committee along with the Vice President of Legal. In addition, the role will oversee, develop, review, and/or revise policies, forms, agreements, processes, and disclosures to ensure compliance with applicable laws, rules, and regulations for all operational functions. This position will ensure the credit union, affiliates, volunteers, and employees understand and abide by internal and regulatory procedures. This role will serve as a primary consultant for organization-wide compliance awareness and management, requiring a mastery of many, varied regulations, and a strong awareness of available legislative and compliance resources. The Senior Director, Regulatory Compliance is the credit union's Bank Secrecy Officer and provides USA PATRIOT Act compliance oversight. The appropriate compliance interaction with operational areas is critical to effective operations and reducing potential liability.

Essential Functions

• Compliance and BSA/AML Strategic Oversight: Assess emerging regulatory compliance issues and potential liabilities. Report compliance activities to senior management and the Board. Develop compliance policies, procedures, and disclosures. Review policies and procedures for compliance with applicable laws and regulations. Ensure corrective actions are implemented in a timely manner and are effective to prevent recurrence. Oversee training of management, employees, and volunteers in consumer protection laws and regulations. Coordinate investigations and responses to consumer complaints. Must keep current on all existing / emerging compliance regulations relevant to the banking industry. On-going monitoring of daily compliance relating to requirements under the Bank Secrecy Act and related acts such as CTR and SAR management, OFAC monitoring, FinCEN review and reporting, and FACT Act requirements including red flag mitigation.
• Compliance and BSA/AML Projects: Manage and oversee the compliance management system. Oversee all Compliance modules of the GRC application. Consult and determine compliance risk in existing and soon-to-be implemented products, services, and other organizational activities as a part of cross-functional teams. Project development, special projects, and the requirements for privacy and vendor management require a compliance perspective to ensure all facets are being adequately addressed whether they involve Operations, Marketing, Information Technology, Human Resources, Finance, Accounting, or other departments within the organization. Oversee the development and execution of the BSA/AML Program and perform the annual risk assessment.
• Departmental Management & Leadership: Provide clarification / direction on work assignments. Provide direct reports coaching / mentoring / leadership development opportunities towards achieving development goals. Support staff in their daily duties as needed. Building the team by sourcing, selecting, and retaining the correct resources. Lead and develop employees in an effort to meet their career aspirations contributing to the achievement of department objectives. Provide coaching and team alignment for all direct reports. Handle supervisory duties such as approving time off, performance reviews, and disciplinary actions.
• Bank Secrecy Act: Rema