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CommonWealth Central Credit Union · 8 hours ago

Senior Director of Compliance & Fraud

San Jose, CA

Full-time

Onsite

Senior Level, Lead/Staff

$115K/yr - $153K/yr

10+ years exp

CommonWealth Central Credit Union serves the financial needs of over 40,000 individuals in Santa Clara County. They are seeking a Senior Director of Compliance and Fraud who will be responsible for safeguarding financial interests by managing compliance and fraud risks, developing compliance programs, and ensuring adherence to regulations across the organization.

BankingFinancial ServicesInsurance

Responsibilities

Safeguard the financial interests of members by identifying, assessing, and mitigating fraud and compliance risks across all Credit Union operations

Align the compliance and fraud functions with the strategic direction of the Credit Union, including but not limited to, consumer/real estate/business/commercial lending, deposits, and membership

Develop and lead a comprehensive compliance review and monitoring program designed to identify, manage, and report company-wide legal and regulatory compliance risk

Conduct internal reviews of the Credit Union’s compliance program. Review, monitor and evaluate the Credit Union’s compliance related policies and procedure to determine the adequacy and effectiveness of the Credit Union’s compliance program

Review and conduct in-depth analysis on regulatory and legal changes affecting financial institutions to determine applicability and impact to the Credit Union

Monitor federal, state, and local legislative and regulatory environment for proposed changes to laws and regulations and their potential impact on the Credit Union

Provide management oversight of the Credit Union’s compliance with the Bank Secrecy Act (BSA); vendor management function; and all fraud-related activities across the organization including risk mitigation tactics, metrics, reporting and trends

Partner with the Chief Lending Officer to provide support and ensure compliance with the following regulations: Fair Lending, Home Mortgage Disclosure Act (HMDA), Equal Credit Opportunity Act (ECOA), Truth in Lending Act (TILA), Fair Debt Collection Practices Act (FDCPA), S.A.F.E Act, Fair Credit Reporting Act (FCRA), Real Estate Settlement Procedures Act (RESPA), Community Reinvestment Act (CRA), Privacy of Consumer Financial Information, and Unfair, Deceptive, or Abusive Acts or Practices (UDAAP)

Partner with the Chief Experience Officer to provide support and ensure compliance with the following regulations: Electronic Funds Transfer Act (EFT), Truth in Savings Act (TISA), Availability of Funds and Collection of Checks (Reg. CC), OFAC, and Currency Transaction Reporting (CTR)

Prepare analyses and present summaries/findings to Credit Union management to assist in decision-making

Manage projects required to implement regulatory and legal changes, including setting project goals, coordinating efforts between multiple departments, and monitoring for effectiveness. Partner with departments to implement such changes to products, services, and processes to ensure compliance

Review and revise the Credit Union’s policies, forms, disclosures, advertisements, and other forms of member communication for compliance with applicable laws and regulations; consult industry experts and third-party resources (including legal counsel) as needed. Research regulatory/legal questions from departments across the organization

Serve as subject matter expert for employee compliance training program

Maintain current and ongoing extensive knowledge of the laws and regulatory requirements

Qualification

Compliance managementFraud risk mitigationRegulatory knowledgeBanking experienceCompliance softwareProject managementDiplomacyTactAnalytical skillsCommunication skillsConfidentialityTeam leadership

Required

Minimum of ten to 15 years of credit union or banking experience

Minimum of 10 years in a compliance-related role

Bachelor's degree required

Significant knowledge of laws and regulations pertaining to credit unions

Ability to interpret and understand laws and regulations and determine applicability to the Credit Union

Proficient knowledge of compliance and fraud related software solutions

Proficient in MS Outlook, Word, Excel and PowerPoint

Demonstrated ability to communicate effectively (written and verbal)

Ability to maintain confidentiality and conduct oneself with a high level of diplomacy and tact

Preferred

Previous supervisory/management experience strongly preferred

Advanced degree with area of study in business, finance or risk management a plus

Certifications such as NAFCU Certified Compliance Officer (NCCO), Credit Union Compliance Expert (CUCE), Certified Bank Compliance Officer (CBCO), Certified Regulatory Compliance Manager (CRCM), Certified Regulatory and Compliance Professional (CRCP), CU Enterprise Risk Management Expert (CUERME), NAFCU Certified Risk Manager, or Certified Regulatory Vendor Program Manager (CRVPM) strongly preferred