Vice President - Compliance

Vice President Of Compliance

The Vice President of Compliance is responsible for leading and overseeing the credit union's enterprise-wide compliance management program for a complex, nationwide credit union with a multi-billion-dollar asset base and ambitious growth objectives. This role ensures compliance with all applicable federal and state laws, regulations, and regulatory guidance, with a strong emphasis on National Credit Union Administration (NCUA) requirements, consumer financial protection laws, Bank Secrecy Act / Anti-Money Laundering (BSA/AML), Office of Foreign Assets Control (OFAC), fair lending, privacy, and operational compliance.

The Vice President of Compliance serves as the Credit Union's designated Compliance Officer and acts as a strategic advisor to executive leadership and business units regarding regulatory compliance, emerging compliance trends, and supervisory expectations. The role is accountable for maintaining a robust Compliance Management System (CMS) that supports strategic growth initiatives across all business lines. Ensure compliance is embedded into decision making, training, and performance expectations to foster a culture of compliance and ethical conduct throughout the organization.

Duties & Responsibilities

Regulatory Compliance Leadership

• Lead, administer, and continuously enhance the enterprise Compliance Management System, including compliance policies, procedures, training, monitoring, testing, issue management, and executive leadership reporting.
• Serve as the Credit Union's Compliance Officer, and Custodian of Records.
• Ensure compliance with all applicable federal and state laws and regulations impacting credit union operations, including those issued or enforced by NCUA, CFPB, FinCEN, and applicable state regulators.
• Maintain comprehensive knowledge of regulatory changes, interpret regulatory requirements, assess operational impact, and advise executive leadership, and management accordingly.
• Oversee regulatory change management processes to ensure timely implementation across the organization and documentation of new or revised regulatory requirements.
• Ability to research, assess and determine regulatory impact to business systems, processes and initiatives and influence decisions accordingly.

Compliance Monitoring and Oversight

• Identify, assess, and mitigate compliance risks across all business lines, products, services, and affiliates.
• Develop, maintain, and update enterprise compliance risk assessments, including those related to consumer compliance, operational compliance, and regulatory obligations.
• Oversee compliance monitoring, testing, quality control, and independent review activities to ensure adherence to regulatory requirements and internal policies.
• Ensure timely remediation of compliance findings, deficiencies, and regulatory matters requiring attention.
• Track and report compliance issues, trends, and remediation efforts to executive leadership and designated committees.
• Administer quality control governance over lending and secondary-market activities to ensure regulatory compliance and risk mitigation.

Consumer Protection and Regulatory Programs

• Oversee compliance with consumer protection and financial crimes regulations, including but not limited to:
• Core NCUA / Federal Credit Union Governance
• Federal Credit Union Act
• NCUA Rules & Regulations (12 CFR)
• NCUA Part 701 Organization & Operations
• NCUA Part 741 Requirements for Insurance
• Prompt Corrective Action (PCA)
• NCUA Examination & Supervisory Process
• Enterprise Risk Management Expectations
• Compliance Management System (CMS)
• Board Governance & Reporting
• Records Retention Requirements
• BSA / AML / OFAC
• Bank Secrecy Act (BSA)
• USA PATRIOT Act
• Customer Identification Program (CIP)
• Customer Due Diligence (CDD)
• Beneficial Ownership Rule
• Suspicious Activity Reporting (SAR)
• Currency Transaction Reporting (CTR)
• OFAC Sanctions Compliance
• AML Independent Testing Requirements
• AML Training Requirements
• Consumer Lending & Fair Lending
• Equal Credit Opportunity Act (ECOA / Regulation B)
• Fair Housing Act (FHA)
• Truth in Lending Act (TILA / Regulation Z)
• Real Estate Settlement Procedures Act (RESPA / Regulation X)
• Home Mortgage Disclosure Act (HMDA / Regulation C)
• Fair Credit Reporting Act (FCRA / Regulation V)
• Fair and Accurate Credit Transactions Act (FACTA)
• Military Lending Act (MLA)
• Servicemembers Civil Relief Act (SCRA)
• Flood Disaster Protection Act
• Deposits, Payments & Electronic Banking
• Electronic Fund Transfer Act (EFTA / Regulation E)
• Truth in Savings Act (TISA / Regulation DD / NCUA Part 707)
• Expedited Funds Availability Act (Regulation CC)
• NACHA Operating Rules
• UCC Articles 3 & 4
• Check 21 Act
• Wire Transfer Rules (UCC 4A / OFAC overlays)
• Remote Deposit Capture Compliance
• Privacy, Information Security & Cybersecurity
• Gramm-Leach-Bliley Act (GLBA)
• GLBA Safeguards Rule
• NCUA Cybersecurity Expectations
• Incident Response & Breach Notification Rules
• Vendor / Third-Party Risk Management
• Identity Theft Red Flags Rule
• Consumer Protection & UDAAP
• UDAAP Standards
• Debt Collection Rules
• CFPB Complaint Management Expectations
• Advertising & Marketing Compliance
• Lending Operations & Specialized Credit
• NCUA Member Business Lending Rules (Part 723)
• Loan Participation & Concentration Risk Rules
• Compliance may also oversee or coordinate:
• CECL governance
• Fair servicing
• Collections compliance
• Bankruptcy handling
• Complaint analytics
• AI/model governance
• Digital banking compliance
• Cannabis banking risk
• Fintech partnership compliance
• State privacy laws
• ADA website accessibility
• Elder financial abuse reporting
• CFPB small business lending (1071)

Leadership and Team Development

• Lead, mentor, and develop compliance staff, ensuring appropriate staffing, performance management, training, engagement, and succession planning.
• Establish department goals, compliance review schedules, KPIs, and service level expectations aligned with organizational objectives.
• Partner with Learning & Development to drive consistency and effectiveness of compliance training and guidance to employees, management and volunteers.
• Foster a strong culture of compliance, accountability, and ethical conduct through leadership, communication, and example.
• Support strategic initiatives, mergers, acquisitions, new products, technology implementations, and fintech partnerships from a compliance and regulatory perspective.
• Promote practical, risk-based compliance solutions that balance regulatory expectations with business objectives.
• Strong interpersonal skills to effectively partner with all departments and levels within the organization and with third party vendors to ensure consistent compliance practices across the enterprise.
• Maintain effective relationships with regulators, internal and external counsel, and industry peers.

Requirements

Education and Experience Requirements:

• Bachelor's degree in Business, Finance, Risk Management or related field required; advanced degree (Master's degree, MBA or JD) preferred.
• Relevant professional certifications such as CRCM, CAMS, or similar designations preferred.
• Minimum of 12-15+ years of progressive experience in compliance, regulatory affairs, legal, risk management, or related disciplines within a financial institution.
• Significant experience within a federally insured credit union or other highly regulated financial services organization required.
• Demonstrated expertise with NCUA regulations, examination processes, and supervisory expectations.
• Minimum of 5 years management, leadership and team development experience required.

Required Knowledge, Skills & Abilities: