Vice President, Risk and Compliance

ALERO FINANCIAL CREDIT UNION•Elgin, IL

8h•$120,574 - $150,718•Onsite

About The Position

The Vice President, Risk and Compliance is responsible for administering the Credit Union’s Compliance Management System (CMS) and providing independent second‑line oversight of regulatory compliance risk. This role ensures compliance with applicable federal and state laws and regulations and serves as the primary subject matter expert for compliance‑related risk. Duties must be accomplished in compliance with federal and state laws and in accordance with the credit union’s policies and procedures and with constant attention to Alero’s creed, vision, mission and goals.

Requirements

Bachelor’s degree required
7–10 years of experience in financial institution compliance.
Strong working knowledge of consumer protection and safety‑and‑soundness regulations.
Proven experience managing regulatory exams and interacting with examiners.

Nice To Haves

professional compliance certification preferred (CRCM, NCCO)

Responsibilities

Administer and maintain the Vendor Management System (VMS).
Conduct, update, and document the Compliance Risk Assessment.
Monitor regulatory changes and ensure timely implementation across the organization.
Maintain and review compliance‑related policies, procedures, and disclosures.
Oversee compliance monitoring, testing, and validation activities.
Coordinate and manage regulatory compliance examinations and responses.
Provide compliance guidance, advisory support, and training to first‑line business units.
Advise executive leadership on compliance risks, trends, and emerging regulatory issues.
Track compliance issues and escalate material risks to the First Vice President, Enterprise Risk Management.
Support fair lending, UDAAP, and broader consumer protection initiatives.
Perform all other duties as assigned