Compliance Specialist- Monitoring & Testing

Tower is offering a $1000 Signing/Retaining bonus as of 1/20/2025.

Note: All full-time positions include exceptionally low medical premiums in Monday - Friday, 40 hour work week. The Compliance Officer is responsible for developing and maintaining compliance programs, reviewing policies as requested, providing insight, interpretation and guidance on policy of compliance and advising management on possible risks. Compliance Officer ensures that the credit union is current on various regulatory requirements, and that employees are in adherence with internal procedures and policies. compliance-related questions from across the credit union.

Provide regulatory guidance and advice to Lending, Retail Banking, Digital Keeps credit union leadership informed of compliance-related topics via periodic Regulatory Compliance Team meetings.

Fosters relations between the Business Lines and Internal Audit over compliance Evaluates the impact of existing and new regulatory changes to ensure policies, procedures, training materials, and other communication tools to ensure departments meet compliance requirements.

Plans and assigns the annual compliance training plan for the CU.

Drafts and reviews regulatory compliance policies and procedures for the annual Performs risk assessments for various compliance areas to determine residual risk and appropriate controls as well as any gaps for required remediation.

Gather documents and coordinates the monitoring and testing for the CU based on the approved monitoring and testing plan.

Meets with business units to review testing results and assist with preparing the management action plans for any compliance issues identified.

materials and other company initiatives.

Serves as an active member of the Compliance Committee 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, how they may impact the Credit Union, and mitigating controls.

Point of contact on all Compliance exams and the compliance portion of any other Developments and manages credit union wide compliance training program. Proactively manages and updates training to ensure changes in relevant laws and Facilitates remediation of compliance audit findings by training staff to make Assists in vendor due diligence and special projects as directed by management to evaluate risks.

Manages, trains, mentors and completes performance evaluations for Compliance Performs periodic compliance reviews in order to self-identify any potential compliance weaknesses and take prompt, corrective, documented action to address Consumer complaint management. Maintains responsibility of managing, documenting and tracking the consumer complaint program. Five-ten years of related compliance, risk, and/or audit experience in the financial services industry

Bachelor’s degree in business, accounting or related field; Professional certification in the field of compliance or auditing is preferred Experience with Quality Control and Quality Assurance in a Financial Institution with specific experience in deposits and lending is required.

Experience drafting and reviewing compliance policies, procedures, training materials, complaint responses and marketing materials.

possess the ability to collaborate and build partnerships with multiple business units.

Proficiency in computer applications such as Microsoft Office Suite.

In-depth knowledge and experience with statistical analysis is preferred.

In-depth knowledge of Consumer deposits and lending products and services is dialogue, conversations and explanations with internal customers, direct and confidential nature. prior leadership training is helpful.

Has knowledge of and adheres to credit union policies and procedures and all with or without assistance, in compliance with