VP Compliance

Overview

Seeking an experienced Vice President (VP) specializing in compliance to join our team at America First Federal Credit Union.  The successful candidate will join our compliance experts to ensure the company complies with all applicable laws, regulations, and internal policies and procedures. This position will work closely with key business units to provide advice on compliance-related matters, help design and implement regulatory compliance frameworks and help credit union leadership manage compliance and legal risk in a rapidly evolving financial landscape. 

Responsibilities

• Regulatory Compliance:
• Advise credit union leadership on compliance matters with federal, state, and local laws and regulations that govern federal credit union operations such as the Federal Credit Union Act, and bodies of regulation by the NCUA and CFPB.
• Monitor changes in laws, regulations, and industry standards and ensure the credit union remains compliant.
• Advise management on efforts to develop, maintain, and implement policies and procedures to ensure compliance with applicable regulations.

• Risk Management:
• Identify potential areas of legal and compliance risk and aid in the development of mitigation strategies.
• Oversee and continually improve the credit union’s compliance management system (CMS) that includes a strong complaint management program.

• Internal Advice & Guidance:
• Provide advice and guidance to senior management, business units, and other stakeholders on compliance-related matters.
• Support the Compliance and Complaint departments to ensure regulatory requirements are integrated into new products, services, policies, procedures, processes, and member complaints are reviewed and resolved in a timely manner.
• Assist and provide guidance to various stakeholders on the development and administration of compliance training programs to train internal teams on regulatory obligations.

• Investigations & Reporting:
• Participate in internal investigations related to potential non-compliance or areas of insufficient compliance posture.
• Coordinate responses to regulatory inquiries, examinations, and audits.

• Policy Development:
• Assist in the drafting, reviewing, and updating of internal compliance policies and procedures.
• Ensure that policies and procedures are aligned with the credit union’s operational goals, risk appetite, and the latest regulatory developments.

• Collaboration with Key Stakeholders:
• Liaise with regulators, legal professionals, and industry bodies on compliance-related matters.
• Represent the credit union during regulatory examinations, audits, and other external inquiries.

• Supervise Applicable Departments

Qualifications

• Minimum 5 years of experience in financial services or a related industry with a focus on regulatory compliance or related field.
• In-depth knowledge of financial industry regulations, including NCUA, CFPB, FFIEC, OFAC, and other relevant regulatory bodies.
• Strong understanding of financial products, services, and operations.
• Proven ability to interpret complex regulations and translate them into actionable advice and internal policies.
• Excellent analytical, communication, and negotiation skills.
• Ability to work independently and collaboratively in a fast-paced environment.
• Experience in managing regulatory examinations and audits preferred.

 

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