Risk Control Officer

RAIZ FEDERAL CREDIT UNION•El Paso, TX

1d•Onsite

About The Position

At Raiz FCU, we share a passion for knowledge and a pursuit of growth. Grounded in our El Paso heritage (previously Teachers Federal Credit Union) since 1936, we are growing to help our community move into the future. We are inspired people, invested in you. At Raiz, we guide our members to focus on what could be and help them get there. This new path inspires us to look ahead and lead the way with passion. This position reports to the Compliance Manager. We seek a highly organized and detail-oriented individual to join our team as a Risk Control Officer for our financial institution. The Risk Control Officer is responsible for conducting sampling audits to ensure compliance with regulatory requirements, identify potential risks, and safeguard the financial interests of the credit union. The person will be an empowering mentor who is a: A trusted expert A natural communicator A champion for our members and the community A guide through the moments that matter the most to our members.

Requirements

A two-year college degree, or completion of a specialized certification or licensing, or completion of specialized training courses conducted by vendors, or job-specific skills acquired through an apprenticeship program.
America’s Credit Unions’s Certified Compliance Officer (NCCO) is required within one year of employment.
Requires additional certification: America’s Credit Unions’s Certified Credit Union Internal Auditor (CCUIA), America’s Credit Unions’s Credit Union Business Lending Professional (CUBLP), or equivalent internal auditing certification required within three years of employment.
Minimum of eight years of experience working in a similar role within the banking or financial services industry.
Experience working in a financial institution or a similar role with exposure to compliance or internal auditing.
Work involves much personal contact with others inside and/or outside the organization for the purpose of first-level conflict resolution, building relationships, and soliciting cooperation. Discussions involve a higher degree of confidentiality and discretion, requiring diplomacy and tact in communication.
Proven experience in internal auditing within the financial services industry, preferably in a credit union or banking environment.
Strong knowledge of auditing practices, accounting principles, and regulatory compliance.
Familiarity with lending procedures, business accounts, and financial statement analysis.
Excellent analytical skills and attention to detail.
Strong written and verbal communication skills.
Ability to work independently and collaboratively within a team.

Responsibilities

Performing comprehensive audits of various areas within the credit union, including business accounts, lending audits (business, consumer, and employee), and branch audits.
Lead and ensure compliance with regulatory requirements, internal policies, and industry best practices to minimize legal and regulatory risks.
Manage the collaboration with various departments and business units to facilitate risk identification, assessment, and mitigation efforts across the organization.
Oversee and present risk reports to senior management and relevant stakeholders, highlighting key risks, trends, and recommended actions for risk mitigation.
Staying updated on industry trends, emerging risks, and regulatory changes to proactively adapt risk control strategies and ensure compliance with evolving standards.
Manage the accuracy and completeness of consumer statements, ensuring that transactions are appropriately recorded and reported.
Manage comprehensive risk assessments to identify potential threats and vulnerabilities in various areas of the financial institution, including operations, finance, compliance, and technology.
Review dividend rate changes, ensuring compliance with disclosure requirements and confirming accurate implementation.
Validate end-of-month rates and disclosures to ensure accuracy and compliance with regulatory standards.
Perform medallion signature guarantee stamp audits, ensuring proper usage and documentation.
Complies with all Bank Secrecy Act (BSA) rules and regulations, in addition to Customer Identification Program (CIP).
Attends required annual BSA training and required compliance training.
Assists with other duties as assigned or identified.