Lutheran Church Extension Fund
Vice President, Compliance and Risk
Lutheran Church Extension Fund, Saint Louis, Missouri, United States, 63146
Organization ProfileThe primary mission of Lutheran Church Extension Fund (LCEF) is to provide financial resources and related services for ministry, witness, and outreach of The Lutheran Church—Missouri Synod (LCMS). In so doing it shall raise funds primarily through the issuance of corporate notes and other debt instruments. Its assets shall be used exclusively for the following: To provide financing and services for the acquisition of sites; the construction of facilities; the purchase of buildings and equipment; operating expenses; professional church worker education; the residential housing needs of professional church workers; and other purposes approved by its governing board consistent with the ministry and mission of the Synod under policies approved by the Board of Directors of the Synod.
Reporting RelationshipsThe VP, Compliance and Risk reports to the President/CEO.
SummaryThe VP, Compliance and Risk is responsible for coordinating compliance activities across the organization, ensuring alignment with strategic objectives. The VP, Compliance and Risk guarantees that the organization is conducting its business in adherence to applicable laws and regulations and follows best practices that pertain to the industry. They ensure that professional standards, accepted business practices, and internal systems of control necessary to achieve compliance are followed. The VP, Compliance and Risk is responsible for responding to regulatory requests and required compliance reporting.
Essential Job Functions
Ensures compliance with laws, regulatory requirements, policies, and procedures, and is the senior leader of all compliance related activities.
Develops and implements an annual compliance assessment plan, including testing and monitoring.
Plans, leads and executes scheduled and non-scheduled compliance assessments according to the assessment plan while testing compliance with appropriate regulations and standards, and with internal policies and procedures. Recommends process, procedure, and or policy improvements to mitigate against identified risks.
Ensures conformity with Anti Money Laundering (AML)/Gramm-Leach-Bliley Act (GLBA)/Know Your Customer (KYC) requirements under federal law.
Shares compliance related communications and provides mandatory training to all employees within the company during onboarding and in regular, repeated cycles including AML, GLBA and KYC training.
Partners with the Risk Committee and Audit Committee to address compliance and risk concerns, share mitigation efforts, and provide requested data and reports as requested.
Ensures proper coordination and completion of all relevant state consumer lending regulatory examinations, interfacing with regulators and leading the regulatory examination effort.
Investigates and acts on matters related to compliance, including coordinating internal investigations.
Maintains awareness and knowledge of existing and proposed compliance-related laws, rules, regulations and guidelines and financial industry best practices.
Manages, leads, and develops an effective and high-performing compliance team through communication, performance management, development plans, and recognition practices.
Perform other duties and responsibilities as assigned.
Education and Experience
Bachelor’s degree in a business, finance or related major.
Minimum ten years’ progressive experience in compliance or risk management positions within a financial institution.
Minimum five years’ experience leading and developing others.
Professional certification, such as Certified Regulatory Compliance Manager (CRCM), or Certified Regulatory and Compliance Professional (CRCP), preferred.
Knowledge, Skills, and Abilities
Strong understanding of compliance and risk management methodologies, regulatory requirements, and industry best practices.
Knowledge of banking products, services, and systems.
Knowledge of a financial organization’s responsibilities related to state unclaimed property laws.
Knowledge of state licensing requirements associated with consumer lending preferred.
Interactive knowledge with the Nationwide Multistate Licensing System (NMLS) preferred.
Willingness to learn state regulatory requirements related to issuing investment securities.
Experienced in developing and delivering compliance and risk-related training programs.
Proven leadership abilities with the ability to lead cross-functional teams and drive change initiatives.
Proficiency in risk management software tools and MS Office Suite.
Critical thinking and reasoning skills. Ability to assess, evaluate and provide sound judgment in carrying out duties. Understands business implications of decisions.
Outstanding communication skills, both written and verbal. Ability to provide clear direction and feedback, and can communicate effectively with various audiences and all levels of the organization.
Ability to establish and maintain effective interpersonal relationships. Collaborative and team mindset that establishes favorable relationships with staff, consultants, and vendors.
Partner with others to engage in problem-solving. Ability to clearly articulate issues and concerns and recommend solutions.
Strong self-organization and self-management skills. Proven capability of managing multiple priorities effectively and efficiently with ability to perform under tight deadlines. Excellent attention to detail and follow through.
Seeks self-development opportunities. Cooperates and participates fully in the coaching process, and actively seeks continuous learning to improve personal and team performance.
Ability to execute through the team, setting expectations, empowering employees, and driving accountability through active engagement and inspiration.
Supervisory ResponsibilityCompliance Department
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
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Reporting RelationshipsThe VP, Compliance and Risk reports to the President/CEO.
SummaryThe VP, Compliance and Risk is responsible for coordinating compliance activities across the organization, ensuring alignment with strategic objectives. The VP, Compliance and Risk guarantees that the organization is conducting its business in adherence to applicable laws and regulations and follows best practices that pertain to the industry. They ensure that professional standards, accepted business practices, and internal systems of control necessary to achieve compliance are followed. The VP, Compliance and Risk is responsible for responding to regulatory requests and required compliance reporting.
Essential Job Functions
Ensures compliance with laws, regulatory requirements, policies, and procedures, and is the senior leader of all compliance related activities.
Develops and implements an annual compliance assessment plan, including testing and monitoring.
Plans, leads and executes scheduled and non-scheduled compliance assessments according to the assessment plan while testing compliance with appropriate regulations and standards, and with internal policies and procedures. Recommends process, procedure, and or policy improvements to mitigate against identified risks.
Ensures conformity with Anti Money Laundering (AML)/Gramm-Leach-Bliley Act (GLBA)/Know Your Customer (KYC) requirements under federal law.
Shares compliance related communications and provides mandatory training to all employees within the company during onboarding and in regular, repeated cycles including AML, GLBA and KYC training.
Partners with the Risk Committee and Audit Committee to address compliance and risk concerns, share mitigation efforts, and provide requested data and reports as requested.
Ensures proper coordination and completion of all relevant state consumer lending regulatory examinations, interfacing with regulators and leading the regulatory examination effort.
Investigates and acts on matters related to compliance, including coordinating internal investigations.
Maintains awareness and knowledge of existing and proposed compliance-related laws, rules, regulations and guidelines and financial industry best practices.
Manages, leads, and develops an effective and high-performing compliance team through communication, performance management, development plans, and recognition practices.
Perform other duties and responsibilities as assigned.
Education and Experience
Bachelor’s degree in a business, finance or related major.
Minimum ten years’ progressive experience in compliance or risk management positions within a financial institution.
Minimum five years’ experience leading and developing others.
Professional certification, such as Certified Regulatory Compliance Manager (CRCM), or Certified Regulatory and Compliance Professional (CRCP), preferred.
Knowledge, Skills, and Abilities
Strong understanding of compliance and risk management methodologies, regulatory requirements, and industry best practices.
Knowledge of banking products, services, and systems.
Knowledge of a financial organization’s responsibilities related to state unclaimed property laws.
Knowledge of state licensing requirements associated with consumer lending preferred.
Interactive knowledge with the Nationwide Multistate Licensing System (NMLS) preferred.
Willingness to learn state regulatory requirements related to issuing investment securities.
Experienced in developing and delivering compliance and risk-related training programs.
Proven leadership abilities with the ability to lead cross-functional teams and drive change initiatives.
Proficiency in risk management software tools and MS Office Suite.
Critical thinking and reasoning skills. Ability to assess, evaluate and provide sound judgment in carrying out duties. Understands business implications of decisions.
Outstanding communication skills, both written and verbal. Ability to provide clear direction and feedback, and can communicate effectively with various audiences and all levels of the organization.
Ability to establish and maintain effective interpersonal relationships. Collaborative and team mindset that establishes favorable relationships with staff, consultants, and vendors.
Partner with others to engage in problem-solving. Ability to clearly articulate issues and concerns and recommend solutions.
Strong self-organization and self-management skills. Proven capability of managing multiple priorities effectively and efficiently with ability to perform under tight deadlines. Excellent attention to detail and follow through.
Seeks self-development opportunities. Cooperates and participates fully in the coaching process, and actively seeks continuous learning to improve personal and team performance.
Ability to execute through the team, setting expectations, empowering employees, and driving accountability through active engagement and inspiration.
Supervisory ResponsibilityCompliance Department
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
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