Director of Compliance

Role

The primary function and responsibility of the Director of Compliance is to coordinate and oversee OCCU’s overall Compliance Management System (CMS) and all applicable policies, rules, regulations and statutory requirements. Director of Compliance provides insight, interpretation and guidance on policy of compliance and will oversee training, education, guidance and assistance to ensure all credit union employees and official documents are in compliance with all State and Federal policies, rules, regulations and statutory requirements.

Major Duties and Responsibilities

• Oversight of the Credit Union’s BSA Officer and maintain working knowledge of all matters in BSA compliance. Intimate working knowledge of the BSA training program and is the designated backup to the BSA Officer.
• Fulfill the role of Compliance Officer (as assigned by the CEO) and all the duties as identified in the Regulatory Compliance Policy by: ●Maintaining a high level of Compliance expertise, including but not limited to, consumer compliance laws and regulations, and a working current knowledge of emerging risks and how they may impact the Credit Union. ●Oversight of Policies and procedures, remain current with new and changing laws and regulations. ●Risk assessments and compliance review, perform compliance risk assessments as a basis for developing the schedule of compliance reviews. ●Consumer complaint management. Maintain responsibility of managing, documenting and tracking the consumer complaint program. Ensure all reports and records are kept current and updated at all times. Management of complaint process from beginning to completion. Provide quarterly updates to the Board of Directors. ●Annual reporting (or more often as needed) of the annual compliance review to the Senior Management Team, Board of Directors and Supervisory Committee. ●Development and management of Credit Union wide compliance training program. This includes identifying specific needs and requirements for all levels of employees and departments. Proactively manage and update training to ensure changes in relevant laws and regulations are indoctrinated into all affected departments and personnel. ●Oversight and management of the credit union wide vendor management program and associated policies. Maintain a current working knowledge of OCCU’s Venminder program.
• Point of contact on all Compliance exams and the compliance portion of any other exams and internal audits.
• Ensures that all reports to Federal and State regulatory agencies are completed and submitted in a timely fashion.
• Perform periodic compliance reviews in order to self-identify any potential compliance weaknesses and take prompt, corrective, documented action to address the weaknesses identified. Specifically in the areas of Lending, Operations and Marketing.
• Oversight and tracking of all OCCU’s audits (internal and external) and liaison to the Supervisory Committee.
• Business Continuity Plan oversight and management .
• Daily review and storage of supervisor override report.

Experience

Five to ten years of similar or related experience, including time spent in preparatory positions.

Education

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.

OCCU is an equal opportunity employer.