Responsible for ensuring that the policies and procedures of the Credit Union comply with appropriate laws and regulations, and internal policies. This position leads the development, implementation and maintenance of enterprise-wide risk management functions to assist the credit union to identify, assess and mitigate risk across all operations. Analyzes new and pending laws that could directly affect the Credit Union's current practices. The Director works closely with executive leadership, department management and regulators to foster a strong risk awareness culture and ensure compliance with applicable laws and regulations. Oversees the vendor management program to ensure compliance with regulatory requirements.
40% | Maintains current knowledge of and ensures the CU is in compliance with State & Federal laws, rules, regulations and upcoming regulatory changes. Ensures that CU disclosures are updated as required due to laws and/or regulatory changes. Maintains log of all compliance revisions affecting SCU's operations. |
20% | Assists the SVP in overseeing Internal, External, and Regulatory Audits and ensures timely responses to requests. Works with respective management to respond to member complaints received through DFPI/NCUA and maintains a log of complaints. |
10% | Researches regulatory-related matters either self-initiated or at the request of management. Provides input regarding compliance, procedural and promotional concerns as products and services are developed or revised. Seeks to build organizational/system effectiveness throughout SCU while maintaining compliance with all rules, regulations, and applicable laws. |
10% | Assists departments in developing internal control systems to aid in the prevention of losses, including fraud. Recommends training enterprise wide to expand associate’s knowledge and mitigate losses, including updates/changes to policies and/or procedures, as it relates to regulations in specific areas (i.e. Reg CC/Reg E/Bank Secrecy). |
10% | Ensures adherence to vendor management program; works closely with department leadership to ensure risk assessments are completed and non-renewal notices are sent out timely. |
10% | Manages and oversees the Risk/Compliance division to ensure that it adheres to Credit Union policies and procedures and remains current with regulatory compliance training. |
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Experience: | Eight or more years of progressive experience in banking risk management, including at least three years in a leadership role.
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Education: | Bachelor’s degree in Finance, Business, or a related field, or a graduate degree. Strong knowledge of banking regulations and risk management frameworks is required. |
Interpersonal Skills: | This role requires a high level of trust, diplomacy, and professional tact. It involves extensive personal interaction, often on sensitive or confidential matters, and may require motivating or influencing others. Building and maintaining strong relationships with both internal and external contacts such as other organizations or individuals is essential to success in this position. |
Other Skills: | Strong communication, presentation, and analytical skills are required. Proficiency with spreadsheets, word processing software, and general office equipment is essential, along with the ability to effectively use a PC. |
This Job Description is not a complete statement of all duties and responsibilities comprising this position.
Southland Credit Union is an Equal Opportunity Employer.
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