Manager, Regulatory Compliance
About The Position
This position is primarily responsible for overseeing, developing and driving the company’s compliance program. The compliance program ensures the development and implementation of compliance related policies and controls and ensures compliance with laws and regulations while continuously enhancing the Credit Union’s reporting systems which are designed to enable the senior management team, and the Board of Directors, to identify and take actions as necessary. The individual identifies, develops and implements procedures to ensure that the compliance programs are effective and efficient in identifying, preventing, detecting and correcting noncompliance with applicable laws regulations and policies. In essence, this position fills the role of compliance officer for the credit union.
Requirements
- Bachelor's Degree in Business Administration, Accounting, Project Management, Legal, or other similar fields associated with compliance officers
- Minimum of 10 years of regulatory compliance experience, with a strong, working knowledge related regulatory agencies and their regulations.
Nice To Haves
- Minimum of 5 years of management experience.
- NCUA, DFS and other financial services related regulatory agencies experience.
- Regulatory Compliance Certification
- Additional BSA related training/certification
Responsibilities
- Compliance Controls Works cross functionally and with external stakeholders to ensure compliance related requirements and modifications are communicated to those areas of the Credit union which are most significantly impacted.
- Identifies compliance related educational opportunities, as well as opportunities to comment on proposed changes to the compliance environment.
- Oversees and monitors the compliance component of the company’s procedures, processes and programs to ensure that (1) compliance standards are being satisfied, (2) the Credit union is protected against and/or detects possible violations of laws, regulations, and corporate policies, and (3) identify opportunities for enhancement of compliance related internal controls.
- Advertising and Disclosures Ensure that advertising, disclosures and other published documents used by the Credit Union comply with applicable laws and regulations
- Bankruptcy & Credit Reporting Management This position manages reporting and communication on bankruptcy and credit reporting related matters involving the Credit Union’s members.
- Oversight includes ensuring proper and timely communication by the responsible roles to external parties.
- Bank Secrecy And OFAC Ensure that reports to regulatory agencies are accurate and filed on time.
- Manage the team that satisfies the duties related to bank secrecy act and OFAC for the Credit Union and ESL Trust Services, LLC.
- Oversees (or fulfills) the roles of bank secrecy officer and OFAC officer.
- Participation in Corporate Projects This function provides and oversees critical compliance support on corporate projects and initiatives
- Compliance Program & Record Retention Oversee the credit union’s compliance management, HMDA and record retention programs.
Benefits
- ESL offers a competitive benefits package which focuses on providing a work life balance for all employees.
- Our benefits include robust options such as our wellness program, family assistance plan, 401k with match, paid volunteer time and Learning & Development training among many others.
- In addition to competitive pay and benefits, we offer an annual performance-based incentive that rewards eligible employees for their contributions to our success.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
Number of Employees
501-1,000 employees
