Compliance Manager

At Blue we work hard, have fun and win for our members! As the Compliance Manager you will create and maintain the credit union’s regulatory compliance program including evaluation of the impact of existing and new regulatory changes as well as legislation on the credit union. Responsible for training and education within all responsible areas as well as the disseminating the information to all levels of the credit union. Responsible for the maintenance of existing forms, disclosures, and policies and that all comply with regulatory and ethical standards. Provide oversight of compliance staff including the Anti-Money Laundering/Bank Secrecy Act, Vendor Oversight, and Business Resumption Plan programs.

• Effectively creates and maintains a regulatory compliance program for Blue Federal Credit Union. Evaluates the impact of existing and new regulatory changes and facilitates the dissemination of this information to the proper parties. Must consistently be up-to-date on legislative and compliance requirements in order to keep the credit union compliant as well as create a culture of compliance.
• Effectively interpret and research legislative and regulatory pronouncements and incorporate into the compliance program. On behalf of the credit union, analyze and provide written response to proposed new regulations and/or amendments to existing regulations within allotted time frames. Provide written response to inquiries of a regulatory nature, supporting analysis, conclusions and recommendations upon well-investigated and documented research of regulatory requirements. Identify and communicate regulatory compliance, deficiencies or potential problems, and provide guidance in the development of alternative solutions or implementation of corrective action. Effectively cooperates with credit union departments as necessary regarding the NCUA relationship as it pertains to compliance of laws and regulatory mandates, any regulatory exams (both federal and state), external audits, and effectively coordinates efforts with internal audits, as appropriate.
• Provide direction and oversight of the BSA program and other compliance staff within the Risk/Compliance business unit.
• Ensure credit union policies and procedures comply with regulatory and ethical standards. Develop, participate in, and review proposed changes to credit union policies and procedures for compliance with applicable regulatory and consumer/public interest laws, rules and regulations, and provide recommendations for any necessary changes.
• Work with cross-functional teams to participate in new product development and provide input regarding compliance concerns relevant to propose and current products and services offered by the credit union, including electronic delivery services. Review all advertising and marketing materials for compliance.
• Ensures training/education, in an effort that management team members fully comprehend the scope and the importance of regulatory compliance and its impact on their specific functional/operational areas within the credit union. Works effectively with management team members to conduct compliance reviews and tests within their areas as well as on an overall basis, plus provides critical feedback and analysis to help improve overall regulatory compliance.
• Review, revise, and develop credit union forms, contracts, agreements, and disclosures to ensure compliance with applicable laws, rules and regulations. Interface with legal counsel and/or insurance agencies to ensure that the terms and conditions set forth in forms, contracts, agreements, and disclosures are accurate, complete, and meet the needs of and properly protect the credit union.
• Responsible for the preparation and monitoring of the Business Resumption Plan, including testing and monitoring plans and procedures.
• Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.

Experience: Five years to eight years of similar or related experience, including preparatory experience.

Education/Certifications/Licenses: A college degree.

Interpersonal Skills: A significant level of trust, credibility and diplomacy is required. In-depth dialogue, conversations and explanations with customers, direct and indirect reports and outside vendors can be of a sensitive and/or highly confidential nature. Communications may involve motivating, influencing, educating and/or advising others on matters of significance. Typically includes subject matter experts as well as first level to middle managers.

Other Skills: Understanding and knowledge of Bank Secrecy Act and AML Regulations, USA Patriot Act, Office of Foreign Assets Control and/or local regulations.