What are the responsibilities and job description for the Senior Compliance Manager position at ALOHA PACIFIC FEDERAL CREDIT UNION?
JOB SUMMARY:
Responsible for the overall management of the compliance program related to but not limited to consumer lending, depository, and electronic banking regulations. Responsible for assisting and supporting the Credit Union with annual risk assessments, performing compliance monitoring and testing, determining degrees of compliance, identifying regulatory risk issues, and providing subject matter expertise, guidance, and technical assistance. Also responsible for the administration and compliance review of board policies.
QUALIFICATIONS:
Education
Bachelor's degree (BS/BA) from an accredited four-year college or university in finance or related field with three (3) years of financial industry experience compliance or risk management role; or seven (7) years of equivalent work experience in the financial industry with demonstrated progressive responsibilities.
Skills and Experience
- Knowledge of related State and Federal compliance regulations related to fair and responsible banking.
- Knowledge of lending and deposit operations. Extensive knowledge and understanding of financial institution lending activities and other banking functions. Experience with Consumer Banking regulations such as Regulation B (ECOA), Regulation F (FDCPA), Regulation V (FCRA), Regulation X (RESPA), and Regulation Z (TILA).
- Use of Microsoft Excel
Professional Expectations
- Ethics – Treats people with respect; Keeps commitments; Inspires the trust of others; Works with integrity and ethically; Upholds organizational values.
- Ability to handle sensitive/confidential information in a professional manner.
- Provides organizational support by participating in company sponsored events.
- Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures and governmental regulations.
- Ability to author reports, business correspondence, and procedure manuals.
- Ability to effectively present information and respond to questions from managers, staff, members, and the general public.
- Ability to define problems, collect data, establish facts, and draw valid conclusions.
- Ability to interpret a variety of technical instructions in mathematical or diagram form and deal with abstract and concrete variables.
Preferred
- Background in Legal or Compliance in a credit union or financial industry.
- Two (2) years of experience in a management role in a financial institution or industry-related trade association.
- Deep understanding of Federal and State credit union/financial industry compliance regulations and risk management.
- Knowledge of credit union’s products, services, systems, regulations and regulatory agencies.
- Knowledge of compliance laws, rules, regulations (with a special emphasis on consumer protection regulations), such as MLA, SCRA, UDAAP, and any other regulations.