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SAFE FEDERAL CREDIT UNION · 1 day ago

AVP of Compliance

Sumter, South Carolina, United States

Full-time

Onsite

Mid, Senior Level

5+ years exp

SAFE Federal Credit Union is seeking an AVP of Compliance responsible for overseeing the credit union's Compliance Management, Forms Management, and Quality Assurance Programs. The role involves ensuring compliance with federal and state laws, acting as a liaison with regulatory agencies, and implementing process improvements to mitigate compliance risks.

FinanceFinancial ServicesNon Profit

Growth Opportunities

Responsibilities

Develops, implements, and administers the credit union’s Compliance Management System, including comprehensive self-testing of transactions, disclosures, system parameters (i.e., calculation of dividends, interest, APY, APR, etc.), forms and procedures; making necessary preparations for regulatory examinations and internal or third-party audits; and obtaining guidance and recommendations of the credit union’s legal counsel when appropriate

Develops, implements, and maintains an effective Forms Management Program and creates procedures, forms, and an approval process for implementing new and revised forms compliant with state and federal regulations

Develops, implements, and administers a Quality Assurance Program to ensure accurate and timely reviews of lending and operational processes. Identify trends, deficiencies, and recommend corrective actions to mitigate risk

Works closely with the Vice President of Risk Management, ELT, and credit union leaders to assess strategic plans, products, marketing, operations, and routine business practices to identify and remedy loan quality issues, compliance issues, deficiencies, or violations

Identifies and mitigates potential compliance risk exposures; interacts with credit union personnel pertaining to such issues

Monitors rulemaking and regulatory compliance guidance issued by federal and state regulatory authorities and other sources (guidance from credit union organizations, news regarding litigation or enforcement actions, etc.) to identify emerging compliance risks and advise the credit union of their impact on the credit union

Monitor, investigate, and coordinate the correction and resolution of any deficiencies noted in compliance by auditor or examiner, or complaints and problems from department staff, NCUA, or other regulatory agencies

Review and interpret new laws and changes to existing laws and regulations. Implement changes and train credit union personnel as required

Serves as the direct point of contact for compliance, forms and quality assurance inquiries from management and all personnel

Serves as a subject matter expert for process improvement and project teams for new processes, products, and services to ensure compliance with applicable laws and regulations

Instills a strong compliance culture throughout the credit union’s branches, departments, and business units

Report to and advises the Board of Directors, ERM Committee, Senior Management and personnel of emerging compliance issues and consults and guides the credit union in the establishment of controls to mitigate risks

Provides alternatives to improvements that are practical and actionable

Prepare and complete reports, projects, and other duties as assigned by the VP of Risk Management

The AVP of Compliance will lead and develop compliance and quality assurance staff, fostering a culture of accountability and continuous improvement. Provide coaching, performance feedback, and ensure team members maintain required certifications

Qualification

Compliance ManagementRegulatory KnowledgeQuality AssuranceFinancial Institution ExperienceProfessional Compliance CertificationTraining SkillsAnalytical SkillsMicrosoft Office ProficiencyInterpersonal CommunicationProblem SolvingAttention to DetailTeamwork

Required

Bachelor's degree or equivalent experience

Minimum of five (5) years of prior financial institution compliance experience and minimum 2 years of supervisory and/or management experience, or equivalent combination of education and experience

Advanced knowledge of credit union administration, lending, operations, and products and services, and the ability to understand and assess risks related to these areas

Comprehensive knowledge of applicable state and federal laws, regulations, and agency guidelines, including consumer protection regulations, fair lending laws, NCUA rules and regulations, and Bank Secrecy Act/USA PATRIOT Act

Must possess or obtain within 2 years, an applicable professional compliance certification or designation from an established financial service industry trade group, such as ACU Certified Credit Union Compliance Officer (CUCO), ACU Certified Bank Secrecy Act Professional (CBSAP), ABA Certified Regulatory Compliance Manager (CRCM), etc

Ability to deal with complex problems and provide sound business judgment in making decisions and recommendations within the framework of credit union policies and procedures, regulatory requirements, and potential risks to the credit union or its members, employees, officials, or assets

Exceptional verbal, written, and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, train personnel, write reports, correspondence, and procedures

Strong investigative skills and the ability to assess member transactions and situations fairly and objectively, but with sufficient skepticism

Proven ability to provide oral presentations and effectively train and instruct others in a formal classroom or one-on-one environment

Ability to read, analyze and interpret regulatory documents, general business periodicals, professional journals, and technical procedures

Ability to communicate effectively regarding sensitive information with external agencies and regulatory authorities, attorneys, and law enforcement agencies

Intermediate math skills; ability to calculate interest, proportions, and percentages; balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions, and decimals; locate routine mathematical errors; compute rate, ratio and percent, including the drafting and interpretation of bar graphs

Proficiency in Microsoft Office (Work, Excel, Power Point and Outlook) is required

Annually complete and achieve passing scores on various SAFE FCU Policy, Procedure, Development and Enhancement Curriculum