Compliance Director

Stanford Federal Credit Union•Palo Alto, CA

About The Position

Compliance Director Compliance Director Opportunity at Stanford Federal Credit Union! We’re on a mission to improve financial lives! If you’re a high-energy, compassionate, and collaborative individual with a desire to make a difference, we encourage you to consider joining our SFCU team! Members really do come first at Stanford FCU because we’re non-profit and owned by our members. Our members work for Stanford University or some of the most innovative companies in Silicon Valley—and we provide them with the most generous financial benefits in our industry. Stanford FCU is a $4.5 billion company with a global reach of over 95,000 members in 90 countries and growing! Come grow with us and see what it’s like to work for a Bay Area Top Workplace. As our CEO says, “we work hard, and we play hard”, and we need your help to improve even more financial lives! The Compliance Director is responsible for the management of the Credit Union's Compliance Program by providing advice and guidance to business stakeholders on addressing regulatory requirements. It entails developing policies, interpreting regulations, regulatory research, assessing applicability to business practices, overseeing regulatory change management, collaborating in risk assessments, developing monitoring and oversight programs, developing training, performing review and challenge, and interacting with business unit stakeholders. Critical areas of focus are consumer protection, lending compliance, fair lending, payments compliance, deposits, complaints and disputes management, and related areas. The position works under the leadership of VP Risk and Compliance and oversees a team of compliance professionals.

Requirements

Solid understanding of credit union and financial services laws and regulations, such as those promulgated by banking regulators that include NCUA, CFPB, etc.
Demonstrated experience and strong ability in developing, implementing, and managing compliance programs such as consumer compliance, mortgage compliance, complaints, disputes, etc.
Expertise in implementing Compliance Management Systems and the regulatory frameworks that apply to financial institutions.
Skilled in performing second line review and challenge, BU compliance oversight, and support in remediation activities.
Experience in working with business units and addressing compliance requests.
Proficient in the concepts of risk identification, assessment, and management.
Knowledge of credit union operations.
Ten years to fifteen years of similar or related experience.
Completed a master's degree, or a bachelor's degree plus professional certification (e.g., CPA

Responsibilities

Provide subject matter expertise regarding relevant laws and regulations to business units. Must be able to identify applicable compliance requirements, and articulate those requirements to the business unit's products, services, processes, and client types. Provide oversight, review and challenge, and monitoring of risk regulations and controls.
Develop and maintain compliance policies and standards by understanding the regulation, analysis of regulatory changes, and various business changes.
Develop the content of compliance training and assign the training to applicable business units and employees.
Identify, assess, and conduct an analysis of changes in regulations and document those in compliance policies and procedures. Review and challenge the business unit action plans for implementing regulatory changes.
Manage and oversee the process for addressing complaints and regulatory disputes.
Support change assessments and compliance risk assessments to provide information and insights relevant for risk profiling and control assessments.
Develop periodic management and committee reporting. Develop metrics and key risk indicators that assist in monitoring compliance with regulatory requirements.
Oversee compliance testing and QC program that assesses control effectiveness and adherence to compliance requirements.
Oversee the progress of business units in addressing regulatory compliance issues raised by various testing, audit, and supervisory groups.
Partner with the business unit in preparation for internal audits and examinations, including any remediation resulting from audits and exams.

Benefits

100% paid employee medical, dental, vision, life/AD&D and short-term disability insurance for the employee; 50% paid for dependents
Quarterly incentives up to 10% of your salary (based on position)
Employer 401(k) matching up to 5% plus additional annual discretionary contributions
Education reimbursement up to $5,200/year
Employee recognition program with cash incentives
Commuter Toll reimbursement $100-$200/month (based on position)
Wellness Benefits up to $1,200 per year
Paid Sick Time accrues at two weeks per year
Paid Vacation Time accrues at three weeks per year
Paid Federal banking holidays (approximately 11 per year)
Ongoing training and education, seminars, and conferences
Loan rate discounts on some products (vehicle, mortgage and HELOC loans)
Waived fees and deposit bonuses on Stanford FCU accounts
Flex health/transit plan availability
Employee Assistance Program with free benefits like counseling, help finding legal assistance and day care resources