Compliance Officer

IH Mississippi Valley Credit Union•Moline, IL

40d•Onsite

About The Position

Ready to make a significant impact in compliance and risk management? Join Our Team as a Compliance Officer at IHMVCU! We are member-focused and dedicated to providing exceptional service and fostering financial well-being for our community. This role is located at our beautiful headquarters on River Drive in Moline, IL. This facility includes a comfortable office environment with an on-site gym facility. Summary of Position: We are seeking a highly skilled and experienced Compliance Officer to join our team. You will play a critical role in ensuring our strategic initiatives and departmental processes align with regulatory requirements and internal procedures. You will lead complex risk-based conversations, provide clear explanations of compliance requirements, discuss risks and potential controls, and support the organization in making informed decisions.

Requirements

High school diploma or equivalent.
Minimum 4 years of experience in a financial institution.
Minimum 4 years of experience in compliance, risk, or controls audit testing.
Certified Credit Union Compliance Officer (CUCO) designation obtained within the first year.

Responsibilities

Represent Risk, Fraud, and Compliance in strategic project meetings, ensuring new initiatives comply with regulations.
Act as the primary contact for ERM-related questions and facilitate timely responses.
Answer complex compliance questions and review research conducted by team members.
Manage and maintain an updated CMS, providing monthly reports on compliance risk.
Manage and update Compliance Key Performance Indicators (KPI's) monthly.
Review marketing ads for compliance with state and federal regulations.
Serve as the credit union's expert in tax reporting for the IRS, handling CP2100 and other correspondence.
Maintain the record retention schedule, ensuring regulatory compliance while minimizing risk.
Track and implement finalized regulations affecting the credit union and its members.
Monitor emerging litigation risk and ensure appropriate controls are in place.
Build strong relationships with all areas of the credit union.
Assist CUSO credit unions with compliance questions and provide updates on regulatory topics.
Stay informed on compliance trends, legal requirements, and industry developments.