Risk & Compliance Manager

*Position Purpose:* Under the general guidance of the VP/CFO, the Risk Manager is responsible managing the daily operations of the department.
Establish, implement and maintain the Credit Union’s enterprise risk management systems and compliance program.
Interact and support Credit Union management in identifying, prioritizing, establishing tolerances, mitigating, measuring and documenting significant risks to the Credit Union.
The Risk Manager will also responsible for communicating statutes and State and Federal regulations and how best to remain compliant within the legal functions of common and corporate law.
*Essential Duties and Responsibilities:* 1.
Manage and ensure the on-going training of assigned staff.
Conduct performance reviews, recommend salary adjustments, and counsel staff toward optimum performance 2.
Oversee compliance with Bank Secrecy Act, Office of Foreign Assets Control, and other associated regulations.
3.
Oversee the development, implementation and maintenance of compliance programs that result in mitigating risk.
Manage the process of updating Credit Union disclosures, policies, procedures and forms to ensure regulatory compliance.
Perform semi-annual website review and other e-commerce related reviews.
Consult with Credit Union departments in addressing risk issues, concerns and planning regarding new and/or existing products, procedures, processes and operations.
4.
Coordinate risk assessments with various business units.
Document the risks, identify appropriate metrics and documents current and planned mitigation.
5.
Oversee the compliance review for consumer loans and new member accounts.
6.
Monitor and address fraudulent activity involving the Credit Union.
Oversee staff on check, debit and ATM cards, consumer loan, and real estate loan fraud prevention programs, fraud claim processing, case filings, insurance claims, and restitutions.
7.
Work with the Internal Auditor on State and Federal exams and internal audits.
Work closely with legal consultants, the Internal Auditor, and examiners in the development of appropriate controls to avoid issues.
8.
Represent the Credit Union and participate in professional networks to stay current with compliance, operational, risk, fraud, regulatory updates and security issues.
Report necessary updates to management.
9.
Effectively oversee compliance management systems and understand the requirements of each law and regulation to ensure the Credit Union is in compliance.
10.
Review contracts, agreements, marketing & disclosures to ensure compliance with regulation.
11.
Collaborate with management to maintain an ongoing legal risk education through learning programs, seminars and presentations, and the Credit Union’s risk tolerance guidelines.
12.
Serve as subject matter expert to line of business and provide risk expertise to business operations, projects, and or other initiatives.
13.
In collaboration with Learning and Development, oversee the development of staff training related to fraud, loss prevention and regulatory compliance.
14.
Develop and maintains fraud control and monitoring procedures for debit and ATM cards in accordance with industry and insurance requirements.
15.
Interface with service providers and monitor vendor relationships.
16.
Assist with development of Credit Union forms.
17.
Other duties as may be assigned.
*Knowledge, Skills, and abilities required: * 1.
Bachelor’s degree and five years of compliance experience is required.
In lieu of the post-secondary education, a minimum of seven years of compliance experience will be considered.
2.
Minimum of two years of supervisory experience is required.
3.
Knowledge of legal terminology, research methods and techniques, and state agency procedures required.
Financial institution or credit union preferred.
4.
Excellent analytical skills and the ability to interpret laws and regulations to provide workable recommendations and solutions.
5.
Strong supervision, project management, and organizational skills.
6.
Profession written and verbal communication skills.
7.
Proficiency with Microsoft Office products.
8.
Industry compliance certification (CUCE, BSACS) with two year required renewal.
9.
Excellent collaborative skills and the ability to develop and maintain positive working relationships are essential.
10.
Proficiency with compliance systems such as Verafin - Anti-Money Laundering software and Policy Works.
11.
Knowledge and understanding of the mission and vision of the Credit Union.
Strictly adhere to the Credit Union’s policy of confidentiality, security, professional conduct and dress.
Job Type: Full-time Pay: $81,000.
00 - $101,000.
00 per year Benefits: * 401(k) * 401(k) matching * Dental insurance * Dependent care reimbursement * Employee assistance program * Flexible schedule * Flexible spending account * Health insurance * Health savings account * Life insurance * Paid time off * Referral program * Tuition reimbursement * Vision insurance * Wellness program Experience level: * 5 years Schedule: * 8 hour shift * Monday to Friday Work Location: In person