Compliance Supervisor

Description

Summary

Responsible for supervising the Compliance Department. Establishes and implements an effective Compliance program and Compliance training program for all employees. Monitors and reports results of Compliance and BSA activities to ensure Executive Management has current and accurate information. Recommends policy changes to management that will reduce liability, potential risks, and reflect legal requirements. Supports staff in such a way that allows them to provide members with an extraordinary experience in accordance with the credit union’s core values. Maintains the role of Compliance Officer and BSA Officer.

Duties & Responsibilities

• Maintain and continually update risk assessments with regard to current and potential regulatory and risk matters
• Maintain and continually update policies with regard to current and potential regulatory and risk matter 
• Acts as the Compliance Officer and BSA Officer for the Credit Union, and maintain appropriate certifications
• Supervise the Compliance Specialist including managing appropriate workload and coaching and development
• Manage the process of keeping all forms and procedures up to date before being published
• Review all Marketing campaigns to ensure compliance
• Assist the IT Manager with Disaster Recovery plans
• Assist public and private auditors with the audit and examination process
• Interpret policies and procedures and verify compliance 
• Identify and analyze causes of ineffective processes and collaborates with department and branch managers in order to recommend improvements to controls in the organization
• In conjunction with management, develop recommendations for bringing an area or operation into compliance to ensure adherence to stated objectives, procedures, and regulations 
• Ensure day-to-day activities are consistent with laws, rules, and business decisions
• Provides oversight for CTR reports, Vendor Management, High-Risk account management, and SAR reports
• Maintains thorough knowledge of Reg B, Reg C, Reg D, Reg E, Reg Z, Reg CC, UDAAP, FCRA, etc.
• Provide support and answer questions from employees regarding any compliance-related issues
• Develop and assist with facilitation of required annual regulatory training
• Oversees the ID Theft/FACT Act Program
• Assist with the development of compliance training materials ensure that any regulatory change in policy or procedure is communicated effectively and   efficiently to the required staff
• Schedule audits and conduct unannounced operational audits based on the risk assessments-provide adequate test work, conduct related discussions with management, develop recommendations and provide risk rating
• Works as Law Enforcement Liaison for any financial exploitation of vulnerable adult 
• Prepares Board reports concerning SAR and ID Theft/Red Flags
• Responsible for OFAC throughout the credit union
• Maintains appropriate levels of confidentiality
• Support the credit union’s focus on member service and sales
• Promote and maintain a confidential environment to protect member, employee, and credit union information 
• Follow all credit union policies, procedures, and requirements, including all applicable state and federal laws and regulations
• Create and promote a positive professional image of oneself and the credit union 
• Exemplify the credit union’s core values

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Requirements

Job Requirements

• Solid analytical and problem-solving skills
• Attention to detail and highly observant
• Creative and able to develop innovative solutions, to complex issues
• Strong computer and application skills
• Excellent verbal and written communication and grammar skills
• Ability to research, analyze, and interpret highly complex laws and regulations 
• Ability to be bonded required
• Ability to successfully organize, prioritize, and manage multiple responsibilities 
• Ability to keep up with a busy work flow
• Ability to sit for long periods of time

Preferred Education & Experience

• Five to seven years of compliance experience, preferably in the financial services industry
• Compliance certification required
• Thorough knowledge of current laws and regulations
• Supervisory experience desired