What are the responsibilities and job description for the Compliance and Vendor Management Coordinator position at CHROME Federal Credit Union?
Who are we?
We make banking simple -- from smart, innovative technology to exceptional service, we create personalized experiences that surprise and delight members every day. We are more than just a place to bank, we invest in WOW moments. As a financial cooperative, our focus is on serving our approximately 15K member-owners and not on maximizing profit for investors.
What you will do:
Lead the Compliance Committee. Responsible for ensuring the policies and procedures of the Credit Union comply with the appropriate laws and regulations. Analyzes new and pending laws that could directly affect the Credit Union's current practices. Develop and revise current policies and procedures to ensure compliance. Ensures all affected areas of the Credit Union are kept informed of changing laws and procedures for implementation to be completed at the appropriate time. Periodically monitoring the credit unions compliance program by carrying out audits and interview reviews; Collecting, analyzing and reporting on findings from audits and reviews; Work with examiners/auditors during regulatory exams and outside audits.
BSA/AML/OFAC and 314.A duties. Monitor and file necessary reports, conduct necessary training, and follow our policies to combat money laundering and other suspicious activities.
Analyzes new and pending laws which will affect the Credit Union's current operations, develops and periodically reviews and updates the policies and procedures to ensure compliance with the applicable Federal and State laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control and notifies all affected parties of changes and the new procedures adopted.
Perform internal audit duties.
Develops and implements a compliance program to effectively review nominated areas of the Credit Union for compliance.
Develops a digital library of compliance resources.
Prepares periodic reports to the Board of Directors concerning the Credit Union's current record of compliance.
Organizes and update the vendor management system.
Two years to five years of similar or related experience.
College degree preferred.
Credit Union experience preferred.
What we offer:
Our CHROME branches are state of the art facilities designed to stimulate a conversation rather than perform mundane financial transactions. You will work with other Teller/CHROME reps that have the same passion to help and drive to succeed. Perks include paid time off and volunteer time off. We offer a livable wage that is commensurate with your experience.
CHROME Federal Credit Union is an Equal Employment Opportunity Employer.