Risk and Compliance Manager

Position Information

Job Summary:

Using attention to detail and knowledge of relevant laws and regulations, the Risk and Compliance Manager ensures First Harvest Credit Union Bank Secrecy Act (BSA), Anti-Money Laundering (AML) and Office of Foreign Assets Control (OFAC) programs comply with regulatory requirements. Responsible for analyzing regulations and policy, assessing compliance risk, recommending correction for deficiencies and ensuring ongoing adherence with NCUA rules and regulations. Leads and provides professional development for a staff of one BSA Operations Specialist.

Essential Duties and Responsibilities:

• As the Bank Secrecy Act (BSA) Officer, responsible for compliance and oversight of the BSA, AML and OFAC programs including Customer Identification Program (CIP).
• Serves as FHCU point of contact for all compliance inquires. Consults with CUSO partner on guidance and support on compliance issues as needed.
• Manage and maintain the day to day operation and ongoing, risk-based compliance program to include compliance training and policy and procedure creation. Address compliance issues relating to FHCU operations and keep abreast of industry trends.
• Ensure FHCU's long-term sustainability and success by fostering a risk-aware culture and implementing robust compliance management practices.
• Research and analyze new and pending regulations affecting the credit union's current operations. Provide written documentation to assist management in the development and maintenance of policies and procedures to ensure compliance with the applicable Federal and State laws and regulations.
• Serve as subject matter expert (SME) on BSA/AML monitoring tool including alert and case management, suspicious activity investigations, high risk account monitoring, member behavior reviews. Ensure integrity of data, files are run timely/properly and full utilization of its functionality.
• Perform detailed quality assurance checks on completed SAR cases to access accuracy, logic and compliance with regulatory standards. Complete review of potential SARs to determine reasoning for not filing. Reviews SARs and large currency reports for timeliness, accuracy and completeness.
• Drive and interpret risk assessments for various credit union products and services including BSA/AML and OFAC, determine impact and/or changes on current business processes. Identify potential weaknesses and recommend correction action plans and ensure timely resolution of identified issues/concerns
• Administers the credit union policy management platform/process by maintaining the policy schedule, facilitating the policy reviews with the appropriate internal resources, verifying procedures are updated with all changes and generating reporting as required. Support cross referencing of policies to ensure changes are made consistently across all policies so all remain compliant.
• Administers the reporting to the Supervisory Committee in accordance to schedule.
• Serve as compliance representative on cross-functional projects, collaborating with various departments to ensure compliance requirements are integrates into all initiatives.
• Facilitates and leads the internal audit process by managing audit and exam pre-work, ensuring that appropriate documentation is provided to fulfill the auditor requests, and facilitates the exchange of on-site request items. Assists with the NCUA Exam as necessary. Manages audit and exam findings by preparing the draft reports, working with Management to ensure that audit findings are resolved appropriately and in a timely manner. Assists in completing the annual internal audit risk assessment and preparing the annual audit program.
• Review, revise, and develop credit union forms and disclosures for members to ensure compliance with applicable laws, rules, and regulations.
• Facilitates and coordinates the resolution of all member and NCUA complaints. Analyzes complaint activity to ensure resolutions are sought after as appropriate. Addresses trends, weaknesses and violations identified during complaint analysis by researching issues, drafting recommended resolutions and working with Management to correct the issues and document appropriately.
• Participates in available credit union self-development education programs and required compliance courses through self-study, BAI Courses, and the credit union's training department.
• Supports the credit union's goals by contributing to the success of the credit union's business objectives.
• Provide consistent, exceptional service to internal and external members.
• Adheres to the FHCU Service Standards as established.
• Performs other duties or special projects as required or as assigned by a supervisor.

Qualification Requirements

Educational/Training Requirement:

• Bachelor's degree preferred or similar/related experience

Experience:

• Advanced knowledge of Bank Secrecy Act, USA Patriot Act, OFAC regulations
• Minimum of five (5) or more years of prior compliance or risk management experience for a financial institution

Licenses/Certifications:

• BSA Certification
• Compliance Certification

Knowledge, Skills, and Abilities:

• Solid knowledge of credit union operations, policy and procedures
• Strong knowledge of BSA/AML/OFAC/CFT and compliance regulations and industry best practices.
• Interpersonal skills - Work involves personal contact with others inside and/or outside the organization for the purpose of first-level conflict resolution, building relationships, and soliciting cooperation and teamwork
• Requires initiative, motivation, creativity and ability to understand many operational areas of the credit union
• Ability to react positively to new developments in compliance and support and embrace change across the organization
• Ability to conduct thorough research, interpret and understand laws and regulations
• Well-organized and detail oriented, strong analytical skills
• Highly Proficient with Microsoft Office Suite, Outlook, Excel
• Maintains confidentiality with sensitive information at all times
• Excellent oral and written communication
• Ability to multitask and manage multiple projects with conflicting deadlines
• Ability to work with minimal supervision
• Professional demeanor
• Ability to coach and train others

Physical Requirements:

The physical demands require a person to remain seated for up to eight (8) hours per day and perform repetitive hand movements on a keyboard.

Americans with Disabilities Act (ADA):

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job duties of the position. If you need to request an accommodation please contact Human Resources at 856-232-9000 ext. 5104 or via email to HumanResources@firstharvestcu.com.

First Harvest Credit Union is an Equal Opportunity Employer/Veterans/Disabled