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Red Wing Credit Union · 5 hours ago

Compliance Officer

Red Wing, MN

Full-time

Hybrid

Mid, Senior Level

Red Wing Credit Union is seeking a highly skilled and experienced Compliance Officer to ensure compliance with regulatory requirements and internal procedures. The role involves leading risk-based conversations, evaluating policies, and providing compliance training while collaborating with multiple credit unions.

BankingFinancial ServicesInsurance

Responsibilities

On an on-going basis, review laws and regulations that impact the credit union’s compliance requirements

Evaluate the credit union’s policies, procedures, products, and programs to ensure compliance with applicable laws and regulations. Make recommendations for change where appropriate

Disseminate information, answer questions, and be a subject matter expert for the credit union on compliance related issues

Identify and assess risk potential of current procedures and institute new procedures that minimize loss exposure

Ensure that any change in policy or procedure is communicated to impacted departments

Coordinate and /or conduct internal and third party compliance reviews/audits and present a summary report to management and coordinate remediation of items identified

Assist in the revision and/or design of forms, products, and programs, or promotions to ensure compliance with all State and Federal rules and regulations

Develop or assist in the development of compliance training programs

Ensure the credit union’s systems are secure and compliant with data protection regulations

Assist with examinations, making available the information that is necessary to complete their regulatory examinations

Develop and ensure implementation of record retention policies and procedures in accordance with regulations and laws

Evaluate, oversee, and ensure the effectiveness of risk management strategies related to third-party vendor collaborations

Qualification

Compliance regulations knowledgeRisk assessmentInternal auditsCompliance training developmentData protection complianceCommunication skillsCollaboration skills