AVP Compliance

WEOKIE Federal Credit Union•Oklahoma City, OK

About The Position

The Assistant Vice President of Compliance is responsible for leading and strengthening the organization’s compliance program to ensure adherence to applicable laws, regulations, and internal policies. This role provides oversight of Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) and compliance programs, supports regulatory readiness, advises business units on compliance implications of products, services, and operational changes, and promotes a culture of accountability and sound risk management across the organization. The role also helps drive a proactive culture of compliance through sound guidance, monitoring, reporting, and timely remediation of identified issues.

Requirements

Bachelor’s degree from an accredited University or College.
At least 3 years’ experience with specialized training in compliance, fraud, and BSA.
The Assistant Vice President of Compliance must possess significant experience and have critical thinking and problems solving skills.

Nice To Haves

Prior experience in a financial institution compliance related role and/ or certification as a Credit Union Compliance Expert (CUCE) is preferred.

Responsibilities

Develop compliance policies and procedures.
Ensure appropriate management and employee training in applicable laws and regulations.
Reviews products, policies and procedures for compliance with applicable laws and regulations and the organization’s stated policies and practices.
Assesses emerging issues or potential liabilities.
Ensures corrective action is taken to respond to identified compliance issues.
Responsible for product/service compliance reporting and written assessments. This includes coordinating business impact analysis related to new or proposed regulations.
Serves as WEOKIE’s Compliance/BSA Officer, SAFE Act Officer, OFAC Officer, CIP Officer, and Red Flags Officer.
Monitor and analyze suspicious activity reports (SARs), customer due diligence (CDD) information, and other relevant data to identify potential money laundering or terrorist financing activity.
Lead, mentor, and assist team members with investigations of Suspicious Activity, Identity Theft, Financial Exploitation of vulnerable members, member account issues, and prepare investigative reports.
Supervises associated staff.
Serves as compliance contact and assists in responding to the day-to-day compliance questions submitted by various departments.
Participates in the review/research of new products and services to ensure that compliance and operational risks are identified.
Works with WEOKIE departments to assess the compliance and operational risk implications resulting from changes made to policies, procedures, and processes.
Maintains knowledge of operational policies, procedures, and systems in operational areas in order to support compliance integration.
Builds and maintains constructive, collaborative working relationships characterized by credibility and mutual respect.
Assists in managing change to ensure regulatory compliance and follow audit and examination findings through to completion.
Assists in ensuring employees understand how their job duties and responsibilities fit into the overall compliance program.
Assists with the review and updating of consumer disclosures for all services and products.
Assists with compliance reviews of advertising materials and promotions.