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Assistant Manager, Fair Lending Compliance

Navy Federal Credit Union
United Statesfull_timeVerifiedPosted 10 Jul 2024

About the role

To ensure org-wide compliance with federal regulations. To assist the Manager in leading ongoing operational strategy, and alignment with corporate and departmental strategic goals. To ensure the credit union is in compliance with applicable regulations and established policies and procedures. Oversee all complaints received into the organization and track complaints to determine trends. Provide leadership to professional employees and/or supervisors; responsible for both strategic and tactical issues. (Lead staff and/or supervisors)

  • Analyze new and existing federal regulations to ensure that Navy Federal is in compliance with established standards Complex/Difficult
  • Develop and maintain a fair lending quantitative framework across all business units. Complex/Difficult
  • Lead fair lending governance efforts such as maintaining quantitative testing policies and procedures and managing the fair lending review calendar. Complex/Difficult
  • Communicate the results of fair lending testing to executives. Complex/Difficult
  • Identify existing and new issues pertaining to compliance with state and federal regulations to ensure necessary policies, strategies and procedures are implemented Significant Impact
  • Resolve problems that arise in the normal course of monitoring and maintaining regulatory and legislative compliance Complex/Difficult
  • Compile, research and analyze trends in support of projects and initiatives; provides results and recommendations based on analysis Advanced Analysis
  • Keep Regulatory Compliance Leadership and cognizant business units apprised of compliance status
  • Analyze and prepare reports and data for management decision making
  • Act as primary liaison with Navy Federal business units to ensure regulatory compliance in order to facilitate, improve and strengthen business operations
  • Recommend policy and procedural changes to ensure compliance Considerable Impact
  • Respond to General Counsel and senior management requests for specific legal interpretation and/or application of laws and regulations Advanced
  • Develop the department strategy and strategic plan by working with the department executives and leadership, as well as other Navy Federal senior executives Lead
  • Align department strategic plan and initiatives with corporate strategy and strategic plans Advanced Analysis
  • Perform supervisory/managerial responsibilities
    • Ensure adequate/skilled staffing; select employees
    • Establish performance goals and priorities
    • Prepare, conduct and review performance appraisals
    • Develop, mentor and counsel staff
    • Provide input and/or prepare budget requirements for Annual Financial Plan (AFP)
    • Ensure section/branch goals and objectives align with division/department strategy
    • Ensure efficiency of operations
  • Act as manager in the incumbent's absence
  • Performs other duties as assigned
  • Significant Experience in that demonstrates an excellent understanding/ability to interpret and apply legislative and regulatory compliance guidelines, preferably in a financial institution
  • Significant experience in demonstrating thought-leadership, initiative-taking, decision-making and creativity solving business problems
  • Significant experience in work which displays increasing levels of responsibility and/or authority
  • Extensive experience in managing multiple priorities independently and or in a team environment to achieve goals
  • Expert knowledge of project lifecycles and management methodologies
  • Ability to represent the business unit in task groups and planning meetings
  • Significant experience in supervising and leading employees
  • Advanced in the use of PCs and related Software Package
  • Advanced organizational, planning and time management skills
  • Advanced analytical/quantitative, reconciliation and deductive reasoning skills
  • Expert skill exercising initiative and using good judgment to make sound decisions
  • Expert verbal and written communication skills
  • Bachelor's degree in a related field or the equivalent combination of education, training and/or experience

Desired Qualifications

  • Working knowledge of Navy Federal products, services, programs, policies and procedures
  • Working knowledge of NCUA rules, regulations and federal laws pertaining to consumer lending
  • Master's Degree in a related field of study

Hours: Monday - Friday, 8:00AM - 4:30PM

Locations: 820 Follin Ln. Vienna, Virginia 22180 | 5550 Heritage Oaks Dr. Pensacola, FL 32526

Navy Federal provides much more than a job. We provide a meaningful career

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Company

Navy Federal Credit Union

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