MD|DC Credit Union Association
Director of Risk & Compliance
MD|DC Credit Union Association, Bowie, Maryland, United States, 20721
Prince George's Community Federal Credit UnionSchedule:
Full-timePosition Overview
Under general supervision, but following established policies and procedures, the Director of Compliance & Risk is responsible for ensuring the Credit Union maintains adequate credit, market, and operational risk, thus ensuring full compliance with all NCUA laws, regulations, and internal policies and procedures. This role develops, implements, directs, and supports the Credit Union’s overall compliance with applicable rules, regulations, and statutory requirements; and directs the development, implementation, and maintenance of internal and external risk management programs. The incumbent ensures that the audit coverage over the Credit Union’s assets, products, services, functions, and activities is sufficient to satisfy regulatory requirements and protect against financial irregularities, impropriety, fraudulent activity, and loss; oversees and manages contract procurement and vendor management for the credit union; liaises with governmental and law enforcement regarding fraud.This is a full-time position (Monday thru Friday) and the ideal candidate will have the flexibility to work occasional community events (once or twice a year), must consistently uphold the mission, vision, and core values of the credit union, and possesses the ability to cope in a team-focused, fast-paced sales and service culture.DUTIES AND RESPONSIBILITIES:Research, review, and stay current on laws, regulations related to maintaining compliance and to operational risk management and act as the subject matter expert on these matters, providing information and answering questions as needed. Field inquiries from Management or the Board and produce reports, supporting analysis, conclusions, and recommendations.Through independent reviews, evaluate the credit union’s compliance and security guidelines, risk management, loss prevention, and other policies, procedures, products, programs, and systems to ensure compliance and effectiveness. Develop, suggest, and implement corrective plans, revised security measures, or other changes as needed.Communicate changes in security safeguards, policies, or procedures clearly to Management, the Board of Directors, and the appropriate employees; ensuring training is updated to reflect the latest revisions.Coordinate risk assessments and compliance audits; work with auditors and examiners and present summary reports to Management and the Board of Directors as necessary.Perform or assist in the review, revision, and development of forms, products, disclosures, web content, advertising, marketing collateral, etc., to be compliant with regulations and loss prevention; and review contracts and agreements’ implications for compliance or loss; and interface with legal counsel and bonding agency to ensure these protect the interests of the Credit Union.Act as the internal and external point of contact for questions pertaining to fraud (such as counterfeits, forgery, altered checks, identity theft, account takeovers and employee fraud); communicate with governmental and law enforcement agencies regarding related risk management matters and loss; and coordinate the response to information requests such as subpoenas, garnishments, search warrants.Oversee the Credit Union relationship with compliance and risk management vendors; track the Credit Union’s relationships with other vendors that present moderate or high risk to operations; and conduct due diligence of new vendor performance and integrity to evaluate compliance and risk implications.Develop and enforce compliant record retention policies and procedures.Develop and deliver BSA/AML training to employees and the Board of Directors; and cooperate with the Training Specialist and the Chief Human Resources Officer to coordinate and update the Credit Union’s full complement of compliance training.Attend monthly Board of Directors meetings and serve on the Governance Committee.Education & Experience
Minimum of 2 to 4 years’ experience in financial institution regulatory compliance; BA/BS or MBA preferredNCCO certified (NAFCU certified compliance officer) within one year of hire date preferred.Broad knowledge of, and practical experience with, credit union or other financial institution operating areas, functions, products, and services and the laws and regulations that apply to credit unions.Requirements
Excellent analytical ability and ability to conduct thorough research, interpret and understand laws and regulations, and provide workable recommendations and solutions to problems.Ability to read and interpret documents such as policy, procedure, and regulatory manuals for lending and deposit accountsStrong interpersonal and verbal communication skills (Spanish speaking a plus) as well as an ability to write professional correspondenceAbility to cope with the pressure of a fast-paced environment and working directly with Members who may frequently be impatient or irateAbility to comprehend and enforce applicable policies and procedures, to make sound decisions, take action and accept responsibility for the outcomeAbility to work with the Board of Directors, employees, and the MembershipWell-organized, efficient, detail-oriented self-starter, able to work independently.Ability to comprehend and communicate the terms and benefits of all products, services, lending products, policies, and guidelines, etc., to facilitate comprehensive financial services to MembersAbility to meet deadlines, multitask and pay attention to detailHow to Apply
To be considered for this position, please complete the online job application and comply with any other subsequent application instructions.
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Full-timePosition Overview
Under general supervision, but following established policies and procedures, the Director of Compliance & Risk is responsible for ensuring the Credit Union maintains adequate credit, market, and operational risk, thus ensuring full compliance with all NCUA laws, regulations, and internal policies and procedures. This role develops, implements, directs, and supports the Credit Union’s overall compliance with applicable rules, regulations, and statutory requirements; and directs the development, implementation, and maintenance of internal and external risk management programs. The incumbent ensures that the audit coverage over the Credit Union’s assets, products, services, functions, and activities is sufficient to satisfy regulatory requirements and protect against financial irregularities, impropriety, fraudulent activity, and loss; oversees and manages contract procurement and vendor management for the credit union; liaises with governmental and law enforcement regarding fraud.This is a full-time position (Monday thru Friday) and the ideal candidate will have the flexibility to work occasional community events (once or twice a year), must consistently uphold the mission, vision, and core values of the credit union, and possesses the ability to cope in a team-focused, fast-paced sales and service culture.DUTIES AND RESPONSIBILITIES:Research, review, and stay current on laws, regulations related to maintaining compliance and to operational risk management and act as the subject matter expert on these matters, providing information and answering questions as needed. Field inquiries from Management or the Board and produce reports, supporting analysis, conclusions, and recommendations.Through independent reviews, evaluate the credit union’s compliance and security guidelines, risk management, loss prevention, and other policies, procedures, products, programs, and systems to ensure compliance and effectiveness. Develop, suggest, and implement corrective plans, revised security measures, or other changes as needed.Communicate changes in security safeguards, policies, or procedures clearly to Management, the Board of Directors, and the appropriate employees; ensuring training is updated to reflect the latest revisions.Coordinate risk assessments and compliance audits; work with auditors and examiners and present summary reports to Management and the Board of Directors as necessary.Perform or assist in the review, revision, and development of forms, products, disclosures, web content, advertising, marketing collateral, etc., to be compliant with regulations and loss prevention; and review contracts and agreements’ implications for compliance or loss; and interface with legal counsel and bonding agency to ensure these protect the interests of the Credit Union.Act as the internal and external point of contact for questions pertaining to fraud (such as counterfeits, forgery, altered checks, identity theft, account takeovers and employee fraud); communicate with governmental and law enforcement agencies regarding related risk management matters and loss; and coordinate the response to information requests such as subpoenas, garnishments, search warrants.Oversee the Credit Union relationship with compliance and risk management vendors; track the Credit Union’s relationships with other vendors that present moderate or high risk to operations; and conduct due diligence of new vendor performance and integrity to evaluate compliance and risk implications.Develop and enforce compliant record retention policies and procedures.Develop and deliver BSA/AML training to employees and the Board of Directors; and cooperate with the Training Specialist and the Chief Human Resources Officer to coordinate and update the Credit Union’s full complement of compliance training.Attend monthly Board of Directors meetings and serve on the Governance Committee.Education & Experience
Minimum of 2 to 4 years’ experience in financial institution regulatory compliance; BA/BS or MBA preferredNCCO certified (NAFCU certified compliance officer) within one year of hire date preferred.Broad knowledge of, and practical experience with, credit union or other financial institution operating areas, functions, products, and services and the laws and regulations that apply to credit unions.Requirements
Excellent analytical ability and ability to conduct thorough research, interpret and understand laws and regulations, and provide workable recommendations and solutions to problems.Ability to read and interpret documents such as policy, procedure, and regulatory manuals for lending and deposit accountsStrong interpersonal and verbal communication skills (Spanish speaking a plus) as well as an ability to write professional correspondenceAbility to cope with the pressure of a fast-paced environment and working directly with Members who may frequently be impatient or irateAbility to comprehend and enforce applicable policies and procedures, to make sound decisions, take action and accept responsibility for the outcomeAbility to work with the Board of Directors, employees, and the MembershipWell-organized, efficient, detail-oriented self-starter, able to work independently.Ability to comprehend and communicate the terms and benefits of all products, services, lending products, policies, and guidelines, etc., to facilitate comprehensive financial services to MembersAbility to meet deadlines, multitask and pay attention to detailHow to Apply
To be considered for this position, please complete the online job application and comply with any other subsequent application instructions.
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