Director of Compliance
About The Position
FSR is recruiting a Director of Compliance for a credit union. The role manages the credit union’s formal compliance program and oversees the administration of complex member accounts. It ensures policies and procedures comply with applicable federal and state laws and regulations. The position analyzes new and pending regulatory requirements, develops and updates compliance policies, and ensures affected departments are informed of changes and implement required procedures in a timely manner. This is a hybrid position requiring three days in the Dallas office, with two days working from home if desired. The role reports directly to the Chief Financial Officer and supervises two employees.
Requirements
- Minimum of 10 years of similar or related experience.
- High school diploma or GED required.
- Strong communication and interpersonal skills.
- Ability to work effectively with others on sensitive or confidential matters.
- Ability to motivate, influence, and train others.
- Ability to develop and maintain productive relationships with internal departments and external organizations.
- Ability to communicate and gain support for policies, procedures, and regulatory requirements.
Nice To Haves
- Credit Union Compliance Officer certification preferred.
Responsibilities
- Analyze new and pending federal and state laws and regulations affecting credit union operations.
- Develop, review, and update policies and procedures to ensure ongoing regulatory compliance.
- Communicate regulatory changes to affected departments and ensure new procedures are implemented within established timeframes.
- Maintain current knowledge of applicable federal and state laws so the credit union’s policies and procedures remain compliant.
- Coordinate projects involving regulatory disclosures, policy changes, and compliance procedures.
- Review forms, disclosures, advertisements, and other materials for regulatory compliance.
- Develop and maintain a library of compliance resources.
- Work with the credit union’s training department to develop and deliver compliance training for employees and volunteers.
- Ensure management and staff are informed of regulatory changes affecting their areas of responsibility.
- Prepare and present periodic reports to the Board of Directors regarding compliance activities.
- Work with regulatory examiners and auditors to ensure compliance matters are appropriately addressed.
- Monitor corrective actions related to compliance deficiencies identified during examinations and audits.
- Ensure compliance reports are prepared accurately, professionally, and within required deadlines.
- Keep management informed of significant operational and compliance matters affecting the credit union.
- Oversee the administration of complex member accounts, including IRAs, trust accounts, deceased member accounts, estate accounts, and business accounts.
- Ensure procedures governing complex member accounts are established, reviewed, and updated as necessary.
- Provide leadership oversight of the complex member accounts function.
- Supervise two direct reports.
- Maintain effective working relationships with management, employees, members, regulatory agencies, and other external contacts.
- Promote a professional, courteous, and friendly environment for members and staff.
- Maintain regular attendance and report to work as scheduled.
- Perform other related duties as assigned.
Benefits
- Robust benefits package
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What This Job Offers
Job Type
Full-time
Career Level
Director
Education Level
High school or GED
