Compliance Officer

Job Description

Compliance Officer (Financial Services) - DC area

Responsibilities

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• Develops and manages credit union wide compliance training program . Proactively manages and updates training to ensure changes in relevant laws and regulations are indoctrinated into all affected departments and personnel
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• Point of contact on all Compliance exams and the compliance portion of any other exams and internal audits
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• Facilitates remediation of compliance audit findings by training staff to make corrections and prevent future violations
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• Assists in vendor due diligence and special projects as directed by management to evaluate risks
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• Evaluates the impact of existing and new regulatory changes to ensure appropriate stakeholders are informed and necessary changes are implemented timely
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• Designs, develops, and coordinates the preparation and ongoing review of policies, procedures, training materials, and other communication tools to ensure departments meet compliance requirements
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• Plans and assigns the annual compliance training plan for the CU
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• Drafts and reviews regulatory compliance policies and procedures for the annual approval
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• Performs appropriate research and provides answers and/or solutions to compliance-related questions from across the credit union
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• Provide regulatory guidance and advice to Lending, Retail Banking, Digital Banking, etc
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Qualification

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• Five-ten years of related compliance, risk, and/or audit experience in the financial services industry
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• Must be US Citizen
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• Strong lending compliance/consumer protection knowledge is absolutely key: TILA, Reg Z, Fair Lending, Fair Credit Union Act, ECOA, RESPA, ECOA, FDCPA, UDAAP
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• Banking compliance experience is a must
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• Credit union/NCUA experience i s highly preferr ed
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• Bachelor’s degree in business, accounting or related field; banking schools and/or an advanced degree is preferred. Or equivalent combination of education and experience
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• Professional certification in the field of compliance or auditing is preferred such as NCCO, CRCM, and CFE
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• Experience with Quality Control and Quality Assurance in a Financial Institution with specific experience in deposits and lending is required
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• Experience drafting and reviewing compliance policies, procedures, training materials, complaint responses and marketing materials.
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