Regulatory Compliance Manager

Floridacentral Credit Union•Tampa, FL

26d

About The Position

The role of a Compliance Manager is to plan and direct the development of risk management and loss prevention programs that provide maximum protection of the organization's assets. Ensure that a company is conducting its business in full compliance with all national and state laws and regulations, as well as professional standards, accepted business practices, and internal standards. Develops risk minimization programs and ensures compliance with safety legislation. Communicate and coordinate, as necessary, with staff and outside auditors, internal auditors, or consultants on compliance process activities. Conducts special studies for management to discover the company's potential exposure to existing or pending compliance regulations and cooperate with the appropriate staff in developing an effective response to the compliance requirements. Communicate and coordinate with regulatory authorities on compliance requirements and related risks. Assists the company and divisional management in understanding and addressing all applicable laws and regulations. Develops and maintains corporate compliance policies and establishes compliance review procedures. Attend monthly Supervisory Committee to report on audits, audit resolutions/progress, and internal controls. Reports requirements to management and may train departmental heads in compliance processes, requirements and controls. Mains a schedule for a cursory examination of all compliance requisites and looks for evidence of deficiencies in controls, duplication of effort, timeliness of response to compliance issue or lack of compliance with laws, government regulations, and management policies or procedures. Provide training resources and proactive assistance in all areas of responsibility to business unit managers and staff. Design and implement policies and procedures to minimize fraudulent losses to the company without negatively impacting member service standards. Oversee the daily review of fraud alerts in Verafin for possible fraudulent activity and supporting investigation functions. Analyzes the efficacy and efficiency of fraud related alerts in Verafin and makes recommendations to management on adjustments to improve the functionality of the application. Maintain insurance coverage as required by the Board, Senior Management, and regulators. Provides guidance to the Fraud staff regarding daily fraud reviews, researching fraud cases and filing police reports. Ensures that member accounts are monitored for possible fraud using internal reports (external transfers, check fraud, ATM fraud, mobile deposit fraud, bill pay fraud, Zelle, etc.). Develops, prepares, and provides monthly reports of fraud related data with expert’s commentary. Works with law enforcement agencies to ensure the organization is filed as the victim on accounts in which a loss occurs. Advises senior management of any increases in specific fraud areas or any trends related to fraud and provides possible solutions to mitigate those trends. Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control. All employees are made aware of their responsibilities under the BSA/CIP/OFAC regulations with continuing training, to ensure that they adhere to our internal policy and procedures.

Requirements

Five to ten years of similar or related experience, including time spent in preparatory positions.
The ability to motivate or influence internal or external senior level professionals is a critical part of the job, requiring a significant level of influence and trust.
Obtaining cooperation and agreement on important outcomes via frequently complex, senior level dialogues, as well as a professional level of written communication skills are essential to the position.
Understanding and knowledge of Bank Secrecy Act and AML Regulations, USA Patriot Act, Office of Foreign Assets Control and/or local regulations or consumer fraud issues

Nice To Haves

Prefer completed Compliance Certifications from National Compliance School.

Responsibilities

Plan and direct the development of risk management and loss prevention programs
Ensure compliance with all national and state laws and regulations
Develop risk minimization programs and ensures compliance with safety legislation
Communicate and coordinate with staff, auditors, and consultants on compliance activities
Conduct special studies for management to discover potential exposure to compliance regulations
Communicate and coordinate with regulatory authorities on compliance requirements and related risks
Assist management in understanding and addressing applicable laws and regulations
Develop and maintain corporate compliance policies and establish compliance review procedures
Attend monthly Supervisory Committee to report on audits and internal controls
Report requirements to management and train departmental heads in compliance processes
Maintain a schedule for examination of compliance requisites
Provide training resources and assistance to business unit managers and staff
Design and implement policies and procedures to minimize fraudulent losses
Oversee the daily review of fraud alerts in Verafin
Maintain insurance coverage as required
Provide guidance to Fraud staff regarding daily fraud reviews and researching fraud cases
Ensure member accounts are monitored for possible fraud
Develop and provide monthly reports of fraud related data
Work with law enforcement agencies to ensure the organization is filed as the victim
Advise senior management of any increases in specific fraud areas and provide possible solutions
Comply with all company policies and procedures, applicable laws and regulations