Compliance Officer

Overview PenFed is hiring a (Hybrid) Compliance Officer at our Eugene, Oregon; Omaha, Nebraska or Tysons, Virginia location. The primary purpose of this role is to implement and administer all aspects of PenFed’s Compliance Management System for assigned products and services. The incumbent monitors operational programs for compliance with regulatory requirements, provides compliance guidance to project teams, and assists the Office of General Counsel with compliance research. An equivalent combination of education and experience will be considered. Responsibilities Maintain knowledge of current regulations and upcoming regulatory changes and review regulatory change requirements with assigned business line managers. Ensure business goals and objectives are consistent with current regulations and upcoming regulatory changes. Maintain up-to-date knowledge of operational policies, procedures, and systems in assigned business areas. Review proposed changes to policies, procedures, and processes to provide compliance-related feedback as required. Perform assigned compliance transaction testing reviews and follow up on corrective action where required. Participate in new product and service development projects to ensure that regulatory compliance requirements are understood and incorporated throughout the product life cycle. Monitor the compliance mailbox in rotation with other compliance staff to ensure prompt compliance review of employee questions, advertisements and other marketing materials. Research and provide responses to compliance questions from employees, coordinating with other compliance staff, business unit managers and other subject matter experts as needed. Review monthly complaint log to determine if regulatory issues need to be addressed in assigned areas. Research specific consumer complaints as assigned, providing assistance to compliance management and the executive correspondence department as requested. Assist compliance management in researching and responding to audit and examination findings. Assist with maintaining PenFed’s compliance with all applicable federal, state and local laws, regulations and ordinances by adhering to PenFed compliance program and all policies, procedures, rules and regulations. This role is responsible for ensuring business continuity. Qualifications Bachelor’s degree or an equivalent combination of education and related work experience is desired. Minimum of 5 years of experience at a financial institution or bank regulatory agency, with a portion of those years in a compliance capacity. The combined work experience should provide in-depth knowledge of operational functions and systems, consumer banking regulations and regulator expectations for an effective compliance program. Thorough understanding of credit union products, processes and operating systems. Broad knowledge of one or more of the following areas: consumer lending, mortgage lending, deposits, or payment systems. Credit card compliance experience preferred. Experience using A.I. preferred. Supervisory Responsibility This position will not supervise employees. Licenses and Certifications Compliance competency certification such as the America’s Credit Union Certified Credit Union Compliance Officer (CUCO) required, or designation must be obtained within 12 months of starting the position. Work Environment While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise. Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds. Travel Ability to travel to various worksites and be on-call may be required. Pay Transparency The anticipated starting salary range for this role is $60,000.00 - $117,168.00. This position is eligible for an organizational performance-based annual bonus, subject to board discretion and approval. This position is eligible for an individual performance-based annual bonus. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned. #J-18808-Ljbffr