Compliance Director

HawaiiUSA Federal Credit Union•Honolulu, HI

1d•$124,500 - $152,000•Onsite

About The Position

Direct the Compliance and Bank Secrecy Act functions. Develop, establish, and maintain the Compliance Risk Management Program, including risk management policies, procedures and reporting, which address the identification, measurement, monitoring, and management of pertinent categories of risk. Monitor and analyze risks within the Credit Union and reports on these risks to the Board and senior management. Advise and consult with all levels of management and the Board regarding the need to implement appropriate risk management practices at enterprise level and within the business units. Contribute to the management of risks within the thresholds of the Risk Appetite Statement.

Requirements

Five years or more in a related career path, with experience in financial services and enterprise risk management roles in cross-functional frameworks
Five years or more establishing and administering a compliance risk management program, including the development and continuous assessment of policies and controls, preferably with financial institutions
Five years or more of risk management experience supporting programs designed to ensure consistency, achieve business objectives, and adhere to regulatory requirements
Five years or more of experience gaining expert knowledge of laws and regulations of financial services activities
Three years or more supervisory experience
Knowledge of and experience with the FFIEC, NCUA or FDIC, and financial services regulations such as, but not limited to, Bank Secrecy Act, and Gramm-Leach-Bliley Act (GLBA), USAPATRIOT Act, and lending and deposit regulations
High School Diploma

Nice To Haves

One or more compliance certifications (e.g., Certified Regulatory Compliance Manager (CRCM), or equivalent) preferred
College education, preferably in Accounting or Business, or equivalent experience

Responsibilities

Develop and administer a Compliance Risk Management Program designed to guide and support business units in identifying, measuring, mitigating, monitoring, and reporting on current and emerging compliance risks in order to ensure that the Credit Union can achieve its objectives.
Develop, implement, and administer an ongoing enterprise-wide compliance risk assessment process.
Develop risk scorecard analytics (i.e., Key Risk Indicators) and reporting methods related to Credit Union risks to keep management and the Board of Directors informed of key risks.
Present written status reports to management, Board of Directors, and Supervisory Committee on the effectiveness of Credit Union programs to mitigate and address compliance risks.
Coordinate with management to develop and establish business unit compliance risk management processes, policies, and procedures.
Coordinate compliance information gathering and sharing to the appropriate business units on new regulations; amended regulations, interpretations, and related topics.
Provide, or obtain and interpret, consultation on compliance issues that impact on the Credit Union’s objectives and Risk Appetite.
Review proposed changes to Credit Union processes for compliance with regulatory and consumer laws. Provide recommendations for any necessary changes.
Establish and develop the influence and effectiveness of the Compliance Committee in fulfilling its Charter.
Establish and maintain the Bank Secrecy Act Risk Management (BSA) function addressing the requirements of laws and regulations pertaining to Bank Secrecy Act, Money Laundering, and USA PATRIOT Act.
Act as the Credit Union’s BSA Officer.
Prepare for, cooperate with, and support the Supervisory Committee’s annual independent audit of the BSA function.
Implement processes that appropriately mitigate the impact of BSA risks on the Credit Union’s members. Ensure that regulatory requirements are fulfilled.
Coordinate throughout credit union to ensure that BSA systems (e.g., Global Vision) remain functioning and appropriately recoverable.
Monitor corrective actions of compliance findings presented by various independent audit groups, including Internal Audit.
Establish and maintain processes to receive and fulfill lending requests for independent appraisals for residential and commercial real estate properties.
Act as Vendor Manager for outsourced residential appraisal provider.
Assist with various projects and special assignments as directed by the Vice President – Risk Management.

Benefits

We cover 100% of employees’ single medical, drug, vision, and dental monthly health insurance premiums.
Paid volunteer time
Pay it forward program
Tuition assistance for higher education
Paid Time Off
11 Paid Holidays
401(k) and 3% Employer Contribution
Health insurance
Vision insurance
Dental insurance
Prescription drug insurance
Life insurance
Flexible spending account
Disability insurance
Opportunities for advancement
Employee assistance program
Referral program
Retirement plan
Employee discount
Paid training
Professional development assistance
AD&D insurance
Credit union membership
Paid orientation