Compliance Officer

Job Description Compliance Officer Job Classification: Full Time FLSA Status: Exempt Department: Risk Management Reports To: Director of Risk Management Senior Leader: EVP/CFO Job Overview The Compliance Officer is responsible for developing, implementing, and administering a comprehensive compliance program to ensure the Credit Union's adherence to all applicable federal, state, and local laws, regulations, and industry best practices. This role requires a strong understanding of financial institution regulations, excellent analytical and communication skills, and the ability to work collaboratively with various departments within the Credit Union. Major Tasks, Responsibilities and Key Accountabilities Monitor and interpret all federal, state, and regulatory changes affecting credit union operations and communicate these changes to relevant stakeholders. Develop, implement, and maintain a comprehensive compliance program, including policies, procedures, training materials, monitoring systems, risk assessments, compliance testing, and corrective action plans. Collaborate with the Learning and Development department to create and deliver compliance training programs for employees, covering topics such as NCUA regulations, DFI-OCU regulations, BSA/AML, consumer lending regulations (TILA, ECOA, HMDA, FCRA), and privacy regulations (GLBA). Conduct regular monitoring, testing, compliance audits, and risk assessments to identify and resolve compliance gaps and ensure adherence to established policies, procedures, and internal controls. Coordinate with various departments (e.g., consumer and business lending, deposit services, operations, IT) to integrate compliance into all aspects of Credit Union operations. Work closely with the AML/CFT Officer to ensure adherence to the Credit Union's BSA/AML compliance program, including CDD, SAR, CTR and OFAC compliance. Manage and respond to regulatory examinations and audits, including preparing required documentation. Investigate potential compliance violations and recommend corrective actions. Maintain and track compliance records, ensuring proper organization and retention. Continuously review and recommend updates to internal compliance policies to reflect current regulations and best practices. Prepare and present regular compliance reports to the Board of Directors and Senior Management, highlighting key compliance issues, risks, and program effectiveness. Perform other duties as assigned. Qualifications: Bachelor's degree in business, Finance, Law, or a related field (or equivalent experience). Experience in compliance or regulatory oversight, preferably in the financial services or credit union sector. Strong understanding of federal and state financial institution regulations, including BSA/AML, consumer lending regulations (TILA, ECOA, HMDA, FCRA), privacy regulations (GLBA), and NCUA regulations. Excellent written and verbal communication skills, with the ability to effectively communicate compliance matters to staff and management. Detail-oriented with strong analytical, problem-solving, and organizational skills. Ability to work independently and manage multiple priorities in a fast-paced environment. EDUCATION and EXPERIENCE Bachelor's degree in business, Finance, Law, or related field (or equivalent experience). Experience in compliance or regulatory oversight, preferably in the financial services or credit union sector. Strong understanding of federal and state financial institution regulations, including but not limited to BSA/AML, Consumer lending regulations (TILA, ECOA, HMDA, FCRA), Privacy Regulations (GLBA), and NCUA regulations. Excellent written and verbal communication skills, with the ability to effectively communicate compliance matters to staff and management. Detail-oriented with strong analytical, problem-solving, and organizational skills. Ability to work independently and manage multiple priorities in a fast-paced environment. Certification in compliance (e.g., CRCM, CAMS) is preferred but not required. COMPETENCIES Certified Compliance Professional (CRCM, CAMS, etc.) designation preferred. Excellent analytical, problem-solving, and communication skills (written and verbal). Ability to work independently and as part of a team. Strong organizational skills and attention to detail. Ability to manage multiple projects simultaneously. Pass the pre-employment credit and background check.

OTHER (PHYSICAL, MENTAL, AND VISUAL SKILLS)

Physical Job Requirements Frequent periods are spent standing or sitting in the same location with some opportunity to move about; occasionally there may be a need to stoop or lift light objects (typically less than 8 pounds). Ability to move about and communicate with a diverse membership and employee group. Ability to accomplish the described responsibilities using computers and technology. Ability to sit and/or stand for extended periods of time. Ability to work in a changing, challenging, and fast paced work environment. Variable stress levels. Provide own transportation. Occasional business travel. Environmental Job Requirements Typically located in a comfortable, quiet indoor area. There may be regular exposure to mild physical discomfort from factors such as dust, fumes or odors, temperature extremes, strong drafts, or bright lights. Blackhawk Community Credit Union