Compliance Control & Monitoring Manager

Lake Michigan Credit Union • Grand Rapids, MI

9d • Onsite

About The Position

The Compliance Control & Monitoring Manager is responsible for working in a team environment to develop and execute regulatory controls and testing to provide reasonable assurance that each line of business within LMCU is complying with applicable laws, regulations, and internal policies.

Requirements

• Three years to five years of similar or related experience, including preparatory experience, in a corporate testing or audit function within the financial services sector and/or related experience working in complex audit or testing operations, or related projects.
• Experience with banking regulations is a plus.
• Experience working with regulatory agencies, such as the NCUA, CFPB, etc.
• Willingness to obtain compliance certification.
• A bachelor's degree in business administration, finance, accounting, economics, risk management, or related field of study.
• Strong interpersonal skills for building strong relationships with stakeholders and engaging teams.
• Excellent written skills in interacting with non-executives and executive management and across a number of business lines and control functions.
• Ability to effectively prioritize multiple tasks and work collaboratively as part of a team.
• Ability to evaluate detailed business data and test results with healthy skepticism and an understanding of when and how to challenge.
• Expert knowledge in banking compliance rules, laws, and regulations and specific regulatory requirements.
• Strong background in analyzing regulatory requirements and conducting control assessments.

Nice To Haves

• CRCM, CIA, or CAMS certifications preferred, but not required.

Responsibilities

• Manage process walkthroughs and design monitoring and testing activities for areas deemed to be of higher focus.
• Perform an analysis of evidentiary data and draw conclusions as to the adequacy and effectiveness of business controls.
• Ensure that workpapers are thorough, well-organized, and support the work executed, including evidence of exceptions identified.
• Prepare and present reports that are appropriate for executive-level consumption to clearly communicate results, risks, root causes, and key issues.
• Maintain current knowledge of CFPB and other regulators’ focus areas, specific to consumer protection regulations, enforcements, and industry practices.
• Manage compliance issues identified during testing and follow up as needed.
• Ensure corrective action plans are properly executed to comply with corporate policy or applicable regulation.
• Support development of the annual compliance monitoring plan, including recalibration of the plan based on the results of the compliance risk assessment, as well as external/audit findings that might adjust the monitoring plan.

Benefits

• weekly pay and retirement savings options
• comprehensive health coverage including medical (with prescription), dental, vision, HSA match, paid parental leave, and tuition reimbursement

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Number of Employees: 1,001-5,000 employees