The Atlantic Federal Credit Union · 6 hours ago
Director of Compliance and Risk Management
Springfield, NJ
Full-time
Hybrid
Mid, Senior Level
$110K/yr - $135K/yr
5+ years expThe Atlantic Federal Credit Union is seeking a Director of Compliance and Risk Management to provide strategic direction and oversight on compliance, audit, and risk management issues. The role involves ensuring that the Credit Union adequately identifies and manages operational, compliance, strategic, and reputation risks across its products and services.
BankingFinancial Services
Responsibilities
Coordinate with the executive management team, the development and maintenance of the risk, audit and compliance management programs
Assessing Risk Management Processes: ensure full audits are performed, including risk management and control management to ensure that compliance is met within all the company’s systems and processes, and oversee the implementation of their findings
Develop annual audit calendar and program, manage third party providers to execute components of the audit program (within budgetary guidelines). Act as a liaison with auditors ensuring that requested data is provided as needed
Determine frequency and scope of audit based on size, complexity and risk profile of the Credit Union
Maintaining proficient knowledge of the current AML compliance climate, including BSA, USA Patriot Act, and OFAC regulations
Assist with the review of BSA compliance as needed
Performs oversight and at times review, monitoring, and analysis of various reports, logs, and transaction data to identify trends, unusual activity, and monitor large currency activity; oversees the filing of SAR reports, determines if transactions are suspicious in nature, such as kiting, significant changes in balances, cash structuring in deposits, loans payments, certificate of deposit purchases, wire or ACH transfers, monetary instrument sales, new account openings, etc
Acting as liaison between regulators, consultants, auditors, and senior management regarding regulatory, internal audit, external audit, and compliance matters, ensuring that Credit Union requested data is provided as needed
Oversight of Fair Lending, UDAAP, and consumer compliance risk assessment and monitoring
Oversight of vendor due diligence and ongoing monitoring under the Credit Union’s Third-Party Risk Program
Ensures cybersecurity risk is documented and evaluated through collaboration with IT and Information Security
Qualification
Required
BS or BA degree
5 years or more of compliance management experience in a financial institution is required
Preferred
NCCO designation
Professional certification in a compliance related field or risk management
Company
The Atlantic Federal Credit Union
The Atlantic Federal Credit Union was founded in 1935 by a group of AT&T Western Electric employees in Kearny, N.J.
11-50 employees
Funding
Current Stage
Early StageLeadership Team
Anthony Mero
Chief Executive Officer
Jason R.
Chief Operating Officer
Recent News
2023-06-29
GlobalFinTechSeries
2022-10-06
Company data provided by crunchbase