AVP, Compliance

Travis Credit Union•Vacaville, CA

10d•Hybrid

About The Position

Travis Credit Union’s (TCU’s) AVP of Compliance provides enterprise-wide guidance on compliance programs. As a decision-maker on credit union compliance and governance, this role manages and oversees the daily operations of the Compliance Department and assists the VP, Assistant General Counsel (Compliance & Risk Management) in guiding TCU’s compliance and risk management strategy. The AVP of Compliance develops and updates programs to ensure compliance with applicable laws and regulations, develops training content on issues regarding regulatory compliance, and provides subject matter expertise on regulatory issues.

Requirements

In-depth knowledge of the laws and regulations pertaining to credit unions and the ability to interpret related laws and regulations.
Excellent professional communication skills, able to communicate effectively with all levels of staff, as well as, attorneys, law enforcement and various state and local courts.
Must be able to work independently and exercise strong leadership, problem-solving, and sound business judgment in order to make decisions in the best interests of the credit union.
Proficient in MS Office products (Word, PowerPoint, Excel, Outlook).
Must be willing to embrace and leverage technology toward continuous process improvement.
Ability to lead by example, motivate staff and promote teamwork.
Ability to build partnerships throughout the organization and displays the personal courage to disagree while maintaining working relationships.
Bachelor’s degree in Business Administration or Finance, or equivalent professional experience.
Minimum of 7 years in Compliance within the financial services industry, or related role.
Minimum 5 years management or supervisory experience.

Nice To Haves

Compliance Professional and/or BSA/AML certification preferred.
Clearly demonstrates an understanding of the financials, market, critical skills and drivers of the credit union operations.

Responsibilities

Leads, trains, evaluates, coaches, professionally develops and motivates staff to attain department goals.
Sets and monitors performance goals.
Promotes a work environment that encourages involvement, initiative and teamwork.
Builds career development paths for assigned staff.
Develops, maintains, manages, and revises policies and procedures for the general operation of TCU’s compliance program and its related activities to prevent illegal, unethical, or improper conduct.
Keeps abreast of all new legislation and jurisdictional regulatory requirements and incorporate any relevant updates to Company policies and procedures.
Coordinates the development, implementation, and submission of all departmental internal controls, including all aspects of TCU’s risk assessment, BSA/AML, and OFAC program management.
Acts as the de facto BSA Officer, OFAC Officer and Privacy Officer in the absence of the VP, Assistant General Counsel (Compliance & Risk Management).
Creates a culture of compliance and empowers staff and members to act with confidence in reporting areas of potential non-compliance.
Conducts and/or oversees periodic compliance risk assessments in coordination with the credit union’s enterprise risk management program to ensure compliance with regulatory requirements and risk management practices.
Manages automated systems to monitor activity for BSA/AML and OFAC compliance.
Oversees investigations and final decisions on BSA reporting including suspicious activity reports and ensures accurate and timely reporting of required reports.
Provides compliance subject matter expertise to all levels of the organization including the Board of Directors and Audit Committee.
Participates in TCU strategy sessions and provides a compliance perspective on strategic initiatives.
Collaborates with other departments (e.g., risk management, internal audit, people, etc.) to direct compliance issues to appropriate existing channels for investigation and resolution.
Develops, reviews, updates Board, corporate and department policies/procedures to ensure compliance with state and federal laws and regulations.
Coordinates with internal and independent auditors and federal and state regulatory examiners during examinations and provides requested information.
Works with Training & Development to develop and maintain training programs to address compliance issues.
Works with external counsel in developing and revising forms, contracts and disclosures for compliance.
Frequently interacts with supervisors, members, and peer group managers, normally involving matters concerning functional areas, other company divisions or units, or members and the company.
Often must lead a cooperative effort among members of a project team.
Works with third-party Bank Secrecy Act/anti-money laundering software to manage and monitor the BSA Program and ensure compliance through the monitoring and reporting of member activity as appropriate.